US

Elevation Innovation Partners collects $15 mln for maiden venture fund

Elevation Innovation Partners has raised $15 million for its debut venture fund. The fund is expected to close at $25 million by the end of the year. The pool will focus on fintech, enterprise software, marketing analytics and new media platform startups. The fund's investors include Mohandas Pai, former chief financial officer at Infosys and Jerry Rao, venture adviser to New Enterprise Associates.

Digital wealth manager Personal Capital secures $40 mln

Digital wealth manager Personal Capital has raised $40 million in funding. IGM Financial, part of the Power Financial Corporation group of companies led the round.

Seed funding slows in Silicon Valley: Reuters

The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies.

Botmetric gathers $3 mln Series A

Santa Clara, California-based Botmetric, an AI-powered cloud management platform helping digital businesses simplify and optimize their cloud services, has raised $3 million in Series A funding. Blume Ventures, a Draper Venture Network fund, led the round.

Home insurance startup Kin reels in $4 mln

Chicago and Miami-based home insurance startup Kin Insurance has secured $4 million in funding. The backers included Commerce Ventures, Omidyar Network, 500 Startups, Chicago Ventures and Portag3 Ventures.

JTV provides funding to Betterez

Toronto-based Betterez, a reservations and ticketing platform for bus and motorcoach service providers, has raised an undisclosed amount of funding. The investor was JetBlue Technology Ventures.

Azuqua takes in $10.8 mln Series B

Seattle-based Azuqua, a provider of cloud application connectivity for business users, has secured $10.8 million in Series B funding. Insight Venture Partners led the round with participation from DFJ and Ignition Partners.

UK publishing startup Wonderbly bags $8.5 mln Series B

UK-based publishing startup Wonderbly has raised $8.5 million in Series B funding. Ravensburger led the round with participation from other investors that included Google Ventures, Project A Ventures, Greycroft, The Chernin Group and Allen & Co.

Volpi Capital Investments raises $54 mln for venture fund

Volpi Capital Investments has raised $54 million toward a $108 million venture fund, according to a filing with the SEC.

China's DiDi to back small Uber rival Taxify in Europe, Africa: Reuters

Chinese ride-hailing company DiDi Chuxing is investing an undisclosed amount in Estonian online taxi firm Taxify to help it expand in Europe and Africa, where it has gained share in some cities against U.S. player Uber, Reuters reported.