StrictlyVC: September 3, 2014

Good morning! StrictlyVC ran out of time to write a column today (you can kind of see why below), but we do have a lot of good stuff coming your way.

Have a great Wednesday, everyone.


Top News in the A.M.

Comcast has been boasting that fully 70 mayors support its proposed $45 billion takeover of Time Warner Cable, including Chicago’s Rahm Emanuel, who recently wrote the FCC in support of the deal. The International Business Times thinks it’s also worth noting that Emanuel and the political committees he controls have received more than $100,000 from Comcast and its employees.

A federal appeals court has cleared Yelp of claims that it extorted businesses into advertising by fabricating bad reviews about them, reports PC World.


New Fundings

3D Hubs, a 1.5-year-old, Amsterdam-based platform that gives users access to a global network of individually run 3D printers, has raised $4.5 million in Series A funding led by Balderton Capital. TechCrunch has more here.

ActivityHero, a three-year-old, Sunnyvale, Ca.-based startup that makes it easy for parents to find and book after-school activities and summer camps, has raised $2.2 million in Series A funding led by Inventus Capital Partnersreports VentureWire.

AirSig, a months-old, Taiwanese startup that makes authentication products for mobile devices, has raised $2 million in seed funding from Foxconn Technology GroupMore here.

Axial Healthcare, a two-year-old, Nashville, Tn.-based company whose cloud-based data and analytics platform aims to help manage the cost and quality of patient care, has raised $1.75 million in Series A funding from BlueCross BlueShield Venture Partners and Sandbox Industries.

Black Duck Software, a 12-year-old, Burlington, Ma.-based company that helps its customers deploy and manage open-source software, has raised $20 million from insiders, reports VentureWire, which says the round was led by General Catalyst Partners. The company has now raised at least $66 million over the years, shows Crunchbase. More here.

Core2 Group, a two-year-old, Mclean, Va.-based company that culls and analyzes digital-activity data from website, email and machine-to-machine traffic, has raised $4.3 million in Series A funding led by Blue Chip Venture Company of Cincinnati, Oh.

Culture Machine, a 15-month-old, Mumbai, India-based digital video entertainment startup cofounded by former Disney executive Sameer Pitalwalla and former YouTube executive Venkat Prasad, has raised between $3.5 million and $4 million in Series A funding from Zodius Capitalreports the Economic Times.

Emprego Ligado, a two-year-old, São Paulo-based mobile-based recruiting platform that targets blue-collar workers, has raised $7 million in Series A funding from investors, including Monashees CapitalGrupo RBS e.Bricks and Qualcomm Ventures. The company had earlier raised an undisclosed amount of seed funding from 500 StartupsInitial Capital, and Fortify Ventures. TechCrunch has more here.

FanDuel, a five-year-old, New York-based real-money fantasy sports site, has raised $70 million in Series D funding led by Shamrock Capital Advisorsreports Venture Capital Dispatch. Other participants in the round included NBC Sports Ventures and private equity firm Kohlberg Kravis Roberts. Earlier investors Bullpen CapitalPentech Ventures and Comcast Ventures also participated. FanDuel has now raised $86.2 million, shows Crunchbase.

Feidee, a four-year-old, Shenzhen, China-based personal finance mobile platform, has raised “tens of millions” of dollars in Series B funding led byFosun Internationalreports China Money Network. Earlier investor Sequoia Capital, which had reportedly provided Feidee with $15 million in Series A funding in 2012, also participated in the round.

Hobo Labs, a new, San Francisco-based stealth mobile gaming company, has raised $4 million from investors, including Shasta Venturesreports Vator News. Hobo Labs was cofounded by Lyle Fong, who founded Lithium Technologies, a pre-IPO company, in 2001.

IEX, a year-old, New York-based upstart stock-trading platform, has raised $75 million funding from Spark CapitalBain Capital VenturesMassachusetts Mutual Life InsuranceFranklin Templeton, Netscape co-founder James Clark, and casino magnate Steve Wynn. Dealbook has a look at how the deal came together here.

IndoorAtlas, a two-year-old, Mountain View, Ca.-based company whose indoor mapping technology can reportedly determine locations inside a structure to within six feet, has raised $10 million in funding from China’s top search company, Baidu. The two companies also announced that they have signed an agreement that will make Baidu the only user of IndoorAtlas’ technology in China. The funding comes just three months after IndoorAtlas raised $4.5 million in a round led by Mobility Ventures and the Finnish seed fund KoppiCatch. TechCrunch has more here.

ItzCash Card, an eight-year-old Mumbai, India-based company that sells multi-purpose pre-paid cash cards, has raised just less than $15 million in funding from a group of unnamed strategic Asian investors, sources tell VCCircle. ItzCash had previously raised $20.6 million in funding across two rounds. Its earlier investors include Matrix PartnersIntel Capital and Lightspeed Venture Partners.

Lehigh Technologies, an 11-year-old, Tucker, Ga.-based specialty materials company that recycles rubber tires into new materials, has raised $8 million in venture funding led by synthetic rubber maker JSR Corp. of Japan. Earlier investors Leaf Clean EnergyKleiner Perkins Caufield and ByersIndex Ventures and Florida Gulfshore Capital, also participated in the round, which brings the company’s total funding to roughly $70 million, shows Crunchbase.

Measurabl, a 1.5-year-old, San Diego-based maker of cloud-based sustainability reporting software, has raised $2 million in seed funding led by CrossCut Ventures.

Memorado, a year-old, Berlin-based brain training and cognitive science startup, has raised $1.3 million in funding from Sunstone Capital and numerous Berlin-based angel investors, including the founders of Zalando and Wimdu. TechCrunch has more here.

Red Dot Payment, a three-year-old, Singapore-based online payment processing company with a focus on Southeast Asia, has raised an undisclosed amount of Series A funding from GMO Global Payment Fund and Wavemaker Pacific. Tech in Asia has more here.

Sobrr, an eight-month-old, Emeryville, Ca.-based mobile social app that promises that the content its users post will expire in 24 hours, has raised $1.1 million in seed funding from IDG Ventures. VentureWire has more here.

Uzabase, a six-year-old, Tokyo-based company that competes with the Bloomberg Terminal computer system, has raised $4.5 million in Series C funding from nine investors, reports Tech in Asia. The round included Itochu Technology VenturesYJ CapitalKodanshaSMBC Venture CapitalMitsubishi UFJ Capital, and Shinsei Bank. Existing investors Globis Capital PartnersGMO Venture Partners, and Monex Ventures also participated.

Wizeline, a year-old, San Francisco-based company whose data service helps companies prioritize decision-making, has raised $6.7 million in funding from A Capital PartnersXG VenturesCore Ventures Group,Bowery CapitalSierra Ventures and SV Angel.


New Funds

Chiesi Ventures, a new venture capital fund that will have offices in Parma, Italy; Boston, Ma.; and Research Triangle Park, N.C, launched yesterday as part of a strategic collaboration between the Italian pharmaceutical company Chiesi Group and life sciences investor A.M. Pappas & Associates. The targeted fund will focus on early-stage rare and orphan disease investments in the U.S and Europe. More here.

As part of another strategic partnership, Reliance Industries, India’s largest private company with interests in petroleum, retail and telecom, is partnering with Microsoft to incubate startups and provide them with seed funding. The program will be operated via Gennext Ventures, an early-stage corporate VC arm that Reliance established in 2010. The Economic Times has much more here.

Prime Ventures, a 15-year-old, Amsterdam-based venture capital firm focused on growth-stage European Internet, software, and other high-tech startups, has raised $170.7 million for its newest fund. The firm says it intends to invest between EUR5 million ($6.6 million) and EUR20 million ($26.3 million) per company.

TenOneTen Ventures, a year-old, L.A. based firm cofounded by enterpreneurs Gil Elbaz and David Waxman, are raising a debut fund of up to $25 million, according to an SEC filing first flagged by Venture Capital Dispatch. The outlet spoke with Elbaz, who previously cofounded Applied Semantics; he said that while his new fund’s name pays homage to the 10 and 110 freeways bisecting Los Angeles, he and Waxman, who previously co-founded SpotRunner, aren’t limiting themselves to startups in their backyard. “We aspire to be great investors in L.A., not great L.A. investors,” he said.



E-retailer Zalando has confirmed that it’s going public this year on the Frankfurt Stock Exchange, and it says it plans to offer between 10 and 11 percent of its shares.



BackupAgent, a 10-year-old, Netherlands-based cloud backup company, has been acquired by Acronis, a 12-year-old, Singapore-based company helps corporate customers migrate, protect and recover data no matter its location. Terms of the deal weren’t disclosed. BackUpAgent had raised at least $2 million from Runa Capital and Solid Ventures, shows Crunchbase. Acronis has raised at least $11 million from investors, including Insight Venture Partners and OpenView Venture Partners.

BeyondTrust, a 29-year-old, Phoenix-based security company, has been acquired for $310 million by Veritas Capital, the New York-based private-equity firm that targets companies providing government services, reports Bloomberg. BeyondTrust is owned in part by Insight Venture Partners.

Branderati, a nearly two-year-old, New York-based social-media tools maker, has been acquired by the social media platform Sprinklr for an undisclosed amount. Branderati doesn’t appear to have reported outside funding. Sprinklr has raised at least $77.5 million from investors, including Intel Capital and Battery Ventures, shows Crunchbase.

DocuSphere, a 21-year-old, Perrysburg, Oh.-based company that sells automated accounts-payable services, has been acquired by the electronic trading network Tungsten Network for undisclosed terms. According to VentureWire, investors in DocuSphere include Plymouth Ventures and Rocket Ventures.

Location Labs, a 13-year-old, Emeryville, Ca.-based mobile security company, is being acquired by online security firm AVG in a deal worth up to $220 million. According to Crunchbase, Location Labs had raised roughly $25 million, including from DFJBlueRun VenturesSecond Avenue PartnersQualcomm VenturesSaturn Partners, and British Telecom, among others. TechCrunch has more here.

Ouya, the two-year-old, L.A.-based startup that makes an inexpensive TV game console based on Google’s Android software, is being shopped in the U.S. and abroad after receiving inbound interest from Chinese technology firms, according to The Information. Ouya has raised roughly $23 million from investors, including Shasta VenturesMayfield FundKleiner Perkins Caufield & ByersOccam Capital, and Nvidia.

XRS Corp., a 29-year-old, Eden Prairie, Mn.-based fleet-management software company that trades publicly, is being acquired by the privately held, San Diego-based fleet-management software company Omnitracs, a former Qualcomm unit.



Ray Bradford appears to have left Kleiner Perkins Caufield & Byers, where he has served as a partner since 2011. (Bradford has not yet responded to press request.) Bradford came to Kleiner from Amazon, where, as a product manager, he helped grow the company’s cloud infrastructure business. Before joining Amazon, Bradford interned at both Twitter and Linden Labs. At Kleiner, Bradford has been focused on big data services.

The National Venture Capital Association yesterday announced the appointment of Justin Field as its VP of federal policy. Field comes to NVCA from the office of Senator Robert Menendez (D-NJ), where he was a legislative assistant responsible for tax issues.

Tim Kopp, the former CMO of marketing software company ExactTarget, has joined Hyde Park Venture Partners in Chicago as an advisor and venture partner. ExactTarget was acquired by Salesforce for $2.5 billion last year. Kopp has also worked in marketing for both Coca-Cola and Proctor & Gamble.

Susan Lyne, CEO of AOL’s brand group since early last year, is stepping down to run a venture fund inside AOL that’s aimed at early-stage women-led, consumer Internet companies, reports Recode. The fund’s name for now is Build Fund and it will initially have between $10 million to $12 million to invest.

It’s official(ish).The White House has selected Google executive Megan Smith to be the nation’s next chief technology officer and will announce her appointment once she’s fully vetted, reports Fortune.

That didn’t last long. Greg Wyler, founder of satellite-communications startup O3b Networks, who recently joined Google as part of its effort to build a constellation of Internet-beaming satellites, has left the company, says The Information. Neither The Information, nor the WSJ, which published a follow-up piece, were able to discern what went wrong, but the Journal reports that Wyler is now “spending a lot of time at the office of SpaceX, the space-transport company” founded by Elon Musk. At Google, Wyler had reported to Craig Barratt, Google’s senior vice president in charge “Access and Energy.” Barratt joined Google last year, having been CEO of Wi-Fi chip maker Atheros Communications, which sold to Qualcomm in 2011 for $3.1 billion.


Job Listings

Fenox Venture Capital is looking for a full-time analyst. Applicants must be fluent in at least one Southeast Asian language. The job is in San Jose, Ca.



Samsung‘s Unpacked event is happening today in Berlin. The Verge is taking notes and has embedded a live feed.


Essential Reads

The tool that people use to steal pictures from Apple’s iCloud.



Inside the most expensive home for sale in Silicon Valley enclave Woodside, Ca.

Losing Louisiana.

Fun with pie charts.


Retail Therapy

Glamorous evening wear, inspired by “American Psycho.”

Eggbots. (We love these.)

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