StrictlyVC: August 30, 2016

Okay, if you are not at Burning Man, raise your hand.:)


Top News in the A.M.

Earlier today, EU antitrust regulators ordered Apple to pay up to $14.5 billion in taxes (plus interest) to the Irish government after ruling that a scheme to route profits through Ireland is illegal state aid. Ireland doesn’t want Apple’s billions in back taxes —  the country wants to remain attractive to the likes of other giants, including Facebook and Google — and has vowed to fight the ruling.


New Fundings

Arcus Biosciences, a year-old, Hayward, Ca.-based cancer immunotherapy startup, has raised $70 million in Series B funding from Google VenturesInvus Group, Stanford University and DROIA Oncology Ventures, among others. FierceBiotech has more here.

BBOXX, a six-year-old, London-based off-grid solar company, has raised $20 million in Series C funding from MacKinnon, Bennett & Co., ENGIE Rassembleurs d’Energies and KawiSafi Ventures, along with earlier backers Khosla Impact Fund, Bamboo Finance and DOEN Foundation. PV Magazine has more here.

Behalf, a five-year-old, New York-based commercial payment platform for small businesses, has raised $27 million in Series C funding led by Viola Growth, with participation from earlier backers Sequoia Capital, Spark Capital, MissionOG, and Vintage. More here.

Glint, a three-year-old, Redwood City, Ca.-based employee engagement platform, has raised $27 million in Series C funding led by Meritech Capital Partners and Bessemer Venture Partners, with participation from earlier backers Norwest Venture Partners and Shasta Ventures. The company has now raised $50 million altogether. More here.

Health2Sync, a three-year-old, Tapei, Taiwan-based startup that makes a diabetes management app and related “smart cable” accessory, has raised $3 million in Series A funding led by WI Harper Group, with participation from Cherubic Ventures, iSeed Ventures and SparkLabs Global Ventures. TechCrunch has more here.

IntSights, a year-old, Herzliya, Israel-based leading intelligence driven security provider for cyber threats from the dark, deep and open web, has raised $7.5 million in Series A funding led by Blumberg Capital, with participation from Glilot Capital Partners as well as Blackstone, Wipro Ventures, and other investors. More here.

LogRhythm, a 13-year-old, Boulder, Co.-based cybersecurity company, has raised $40 million in new funding led by earlier investor Riverwood Capital Management, with participation from Adams Street Partners, Siemens Venture Capital, Delta-v Capital, Exclusive Ventures, and Silver Lake Waterman (Silver Lake’s late-stage growth fund). More here.

LYKE, a year-old, Jakarta, Indonesia -based fashion and beauty commerce app, has raised $4 million in Series A funding led by Holtzbrinck Ventures, with participation from the Singapore-­based firm APACIG. The outlet e27 has more here.

Mediamorph, a nine-year-old, New York-based company whose software helps media and entertainment companies better measure, manage and optimize their reach, has raised $21.2 million in Series C funding led by Advance Vixeid Partners, with participation from earlier backers Liberty Global VenturesSmedvig Capital, and individual investors. Variety has more here.

Mitra Biotech, a seven-year-old, Woburn, Ma.-based developer of personalized cancer treatments, has raised $27.4 million in Series B funding co-led by Sequoia India and Sands Capital Ventures, with participation from RA Capital Management and earlier backers Accel Partners and Tata Capital Innovations Fund. The Economic Times has more here.

Petnet, a 3.5-year-old, L.A.-based pet tech company that makes a “smart” pet feeder, has raised $10 million in Series A funding led by strategic investor and partner Petco. TechCrunch has more here.

Revelator, a three-year-old, Tel Aviv, Israel-based data management platform for distributing, selling and licensing music online, has raised $2.5 million in Series A funding led by Exigent Capital, with participation from Digital Currency Group and the Israeli early-stage fund Reinvent. TechCrunch hasmore here.

Runnr, a Mumbai, India-based food delivery platform that was formed by the merger of startups Roadrunnr and TinyOwl, has raised around $7 million from investors, co-led by Nexus Venture Partners and Blume Venture Partners. Times of India has more here.

Shyft Analytics, a 10-year-old, Waltham, Ma.-based cloud data and analytics company that’s focused on the life sciences industry, has raised $12.5 million in Series B funding from McKesson Ventures, Medidata Solutions, and earlier investors Health Enterprise Partners and Milestone Venture PartnersMore here.

Space Market, a two-year-old, Tokyo, Japan-based marketplace of unused venues for on-demand rental use, has raised roughly $4 million in a round led by Opt Ventures, with participation from Recruit Strategic PartnersMizuho Capital, SBI Investment and Orix. The Bridge has more here.

Velocity, a two-year-old, London-based restaurant booking app for those needing help with short notice, has raised $22.5 million in a Series B round led by DIG Investments, with participation from Starwood Hotels founder Barry Sternlicht and concierge giant John Paul. VentureBeat has more here.

Zillion, a 5.5-year-old, Norwalk, Cn.-based health care tech company, has raised $28 million in Series C funding led by TwinFocus Capital PartnersMore here.


New Funds

Rev1 Ventures, a seed-stage firm focused on Columbus, Oh., has closed on a $22 million fund. Fortune has more here.

Sofinnova Ventures, the 42-year-old, clinical-stage biopharmaceutical venture capital firm, has announced a new, $595 million fund. FierceBiotech has more here.



Cisco is acquiring ContainerX, a year-old, San Jose, Ca.-based startup that helps companies manage and integrate containers across data centers. Terms of the deal aren’t being disclosed. ContainerX raised $2.7 million in seed funding from General Catalyst Partners, Greylock Partners and Caffeinated Capital. You can read more about the company here.

Washio, a three-year-old, on-demand laundry service, has shut down after raising roughly $17 million from investors.



Apple CEO Tim Cook has rejected the EU’s demand for the company to return $14.5 billion in “unpaid” taxes in Ireland as having “no basis in fact or law.” TechCrunch has more here.

Alphabet executive David Drummond has left Uber’s boad amid increasing competition between two tech companies. The WSJ has more here.

Tech’s favorite bad boy, Sean Parker, has reportedly shelled out $58 million to create a palace on 10th Street in Manhattan.

Techies are getting priced out of Palo Alto, where even a 790-square-foot studio now costs $1.3 million.


Essential Reads

Twitter will start paying its best users to create videos.

When is an endorsement an ad on Instagram?



The mystery at the heart of great photographs.

An M.I.T. scientist claims that this pill is the fountain of youth.


Retail Therapy

A hotel, inspired by prisons everywhere.

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