US

Mobile enterprise tools developer Eko raises $20 mln

Eko, provider of a mobile collaboration and communications platform for businesses, has raised $20 million in Series B funding. SMDV led the round, which included participation from RedBeat Ventures, AirAsia’s investment arm, as well as Gobi Partners, East Ventures and existing shareholders. The company, founded in Bangkok, Thailand, in 2012, also announced a European expansion with offices in London, Amsterdam and Berlin.

Storm Ventures sets sights on sixth fund

Enterprise-focused, early-stage investor Storm Ventures is seeking to raise a sixth fund, according to a regulatory filing. The filing did not disclose a target amount. The firm’s current fifth fund closed at its hard cap of $180 million in 2015. Earlier this year, Storm Ventures added Paul Willard as a partner and has promoted Arun Penmetsa to partner, joining Managing Directors Ryan Floyd and Tae Hea Nahm.

Wildcat to raise $120 million second venture-capital fund

Wildcat Venture Partners has set out to raise a $120 million second venture-capital fund, according to a filing with the SEC.

SignalFire to raise third venture-capital fund

SignalFire has set out to raise a third venture-capital fund, according to a filing with the SEC. No target or first close was listed.

Coatue to raise early-stage venture-capital fund

Coatue Management has set out to raise an early-stage venture-capital fund, according to a filing with the SEC. No fund target or first close was listed.

Gaorong collects $450 mln for fourth fund

Chinese venture firm Gaorong Capital has raised $450 million for its fourth fund, according to an SEC filing. Gaorong Capital focuses on early and growth stage investments in TMT, including AI and frontier technologies, consumption and retail, fintech and enterprise services.

Prose locks in $18 mln Series B

New York City and Paris-based Prose, a maker of hair care products, has raised $18 million in Series B financing. Insight Venture Partners led the round with participation from return backers Forerunner Ventures, ISAI, Lerer Hippeau Ventures and Correlation Ventures.

Robolab backs robotic bartender Yanu

Estonia-based Yanu, a AI-powered robotic bartender, has secured $1 million in funding, according to a source at the firm. The investor was Robolab.

Rheostat Therapeutics inks $23 mln Series A

Cambridge, Massachusetts-based Rheostat Therapeutics, a biotech company focused on treating neurodegeneration, cognition and rare diseases, has raised $23 million in Series A financing. MRLV and AbbVie Ventures led the round.

Draper Espirit leads $31 mln round for Fluidic Analytics

UK-based Fluidic Analytics Ltd, a developer of tools that analyze proteins and other biomolecular species, has raised $31 million in funding. Draper Esprit led the round with participation from Delin Ventures, BGF, IQ Capital and Amadeus Capital Partners.