Private Equity
Palo Alto, California-based Forward Networks, which provides a platform to manage network operations, announced it has raised $16 million in a Series B round of funding. DFJ led the round, which included existing investors Andreessen Horowitz and A.Capital Ventures. The company was co-founded in 2013 by Chief Executive David Erickson, a software-defined networking, and has now raised more than $27 million in total funding. As part of the latest round, DFJ Partner Andreas Stavropoulos has joined the board.
1 min read · 23 August 2017
Lumity said it raised $19 million of Series B funding in a round led by DFJ and joined by current investors Social+Capital Partnership and True Ventures.
1 min read · 23 August 2017
Warwick, Rhode Island-based SquadLocker, an online provider of apparel management solutions for youth sports via its instant store builder platform, has closed its Series B funding round. Causeway Media Partners led the round with participation from James Lombardi. No financial terms were disclosed. In conjunction with the funding, Bob Higgins, a partner at Causeway, has been added to SquadLocker's board of directors.
3 min read · 23 August 2017
Seattle-based Versive, a cybersecurity company, has raised $12.7 million in funding. The investors were Goldman Sachs, Madrona Venture Group, Formation 8 and Vulcan Capital.
1 min read · 22 August 2017
1confirmation is seeking to raise $20 million for its maiden fund, according to an SEC filing. The fund will invest in blockchain-focused companies, noted Bloomberg News. Reported backers include Mark Cuban and Runa Capital, said the news outlet. Nick Tomaino, a principal at Runa Capital and ex-product manager at Coinbase, is heading up the fund.
1 min read · 22 August 2017
UAE-based NOW Money, a mobile banking tech startup for low-income migrant workers in the Gulf Cooperation Council countries, has secured $700,000 in funding. The investors were Accion Venture Lab and Newid Capital.
4 min read · 22 August 2017
ShoCard, a blockchain-based identity management system, has raised $4 million in funding. Morado and AME Cloud Ventures led the round with participation from Storm Ventures, Danhua Capital, Correlation Ventures, Recruit Strategic Partners and Robert Tinker, founder and former CEO of MobileIron.
1 min read · 22 August 2017
Geoff Lewis, a partner at Founders Fund, is leaving the San Francisco-based venture firm to start his own fund, sources told Bloomberg News. According to the news outlet, Lewis is planning on raising more than $100 million for the new fund. Founders Firm will reportedly be the anchor investor for the fund, said one of the sources to Bloomberg. Among the highlights of Lewis' tenure at Founders Fund is his leading the firm's investment in ride-sharing company Lyft in 2013. And, in 2015, he also led Founders' investment in a $75 million Series B funding round for Privateer, the Seattle-based private equity firm focused exclusively on the legal cannabis sector. The latter transaction was a pivotal milestone for this emerging industry as it marked the first time a mainstream, high-profile venture firm made a significant investment in it.
1 min read · 22 August 2017
UK-based online lender Prodigy Finance has raised $240 million in equity and debt funding, as it seeks to speed up its expansion in the United States, Reuters reported.
2 min read · 22 August 2017
Skytap Inc, a public cloud provider, has closed $45 million in Series E funding. Goldman Sachs Private Capital Investing led the round. In conjunction with the funding, Hillel Moerman, managing director who co-heads PCI, will join Skytap's board of directors while Matthew Dorr, a member of PCI, will become a board observer.
1 min read · 22 August 2017
