US

Industry Ventures to raise technology buyout fund

Industry Ventures has set out to raise a technology buyout fund, according to a filing with the SEC.

Boxed nets $111 mln

Boxed, an online and wholesale retailer, has secured $111 million in funding. Aeon Co Ltd led the round. The investors included Alpha Square Group and CDIB Capital. Nomura Securities International Inc served as placement agent.

Brookfield Ventures leads Series B round for Latch

New York City-based Latch, a maker of smart access system, has raised $70 million in Series B funding. Brookfield Ventures led the round with participation from Lux Capital, RRE Ventures, Primary Venture Partners, Third Prime, Camber Creek, Corigin Ventures, Tishman Speyer and Balyasny Asset Management.

Root Insurance inks $100 mln Series D

Columbus, Ohio-based Root Insurance, a car insurance company, has secured $100 million in Series D funding. Tiger Global Management led the round with participation from Redpoint Ventures, Ribbit Capital and Scale Venture Partners.

Opkix attracts $11.8 mln Series B

California-based Opkix, a maker of tiny cameras and integrated social content, has secured $11.8 million in Series B funding. The investors included Ash Avildsen, founder and CEO of Sumerian Records and Films and Olympic gold medalist Dorian van Rijsselberghe.

Break Trail Ventures targets $20 mln for maiden fund

Break Trail Ventures is seeking to raise $20 million for its debut fund, according to an SEC filing. Based in Columbus, Ohio and Boulder, Colorado, Break Trail is an early-stage venture firm.

VC-backed Blackfish Technology scores $50 mln

China-based Blackfish Technology, a membership-based consumer service platform, has secured $50 million in funding. The investors included Lightspeed Venture Partners, Rakuten Ventures, China Growth Capital, Lightspeed China Partners, Morningside Venture Capital, JAFCO Asia and Gobi Partners.

410 Medical lands $3.1 mln

Durham, North Carolina-based 410 Medical Inc, a medical device company focused on treating critically ill patients, has raised $3.1 million in financing. AIM Group led the round with participation from other investors that included North Carolina Venture Capital Multiplier Fund, Kleinheinz Capital and WakeMed Health & Hospitals.

Writable grabs $3.2 mln seed

Writable, which helps students improve their writing, has secured $3.2 million in seed financing. Omidyar Technology Ventures led the round.

Braavo Capital amasses $6 mln Series A

New York City-based Braavo Capital Inc, a provider of on-demand financing for mobile apps and games, has raised $6 million in Series A funding. The lead investor was e.ventures.