• StrictlyVC: September 8, 2017

    FRIDAY. Hope you have a terrific weekend, everyone.

    [Ties sneakers. Pulls on headband. Bids fond farewell to unsuspecting pet fish. Heads to nearby elliptical machine.]

    Top News in the A.M.

    Bitcoin is tumbling on a report that China plans to shutter digital currency exchanges‍​, too.

    The Equifax hack; here’s what you need to know (so far).

    Holy s. Filecoin, a blockchain data storage network, says it completed its ICO with a record-breaking $257 million in funding, including $52 million raised during a presale, from investors that include Sequoia Capital, Andreessen Horowitz and Union Square Ventures. Filecoin is a decentralized storage network; we’d interviewed founder Juan Benet in July. Coindesk has more here.

    Sponsored By . . .

    CNN. TechCrunch. WSJ. Forbes. Bloomberg. Business Insider. These are a fraction of the outlets where our clients have appeared — and they’ve paid us a fraction of the price most PR firms charge them for our efforts. We’re Rosebud Communications. Find out just how scrappy we are, at info@rosebud.io.

    A Stanford Prof’s Advice of Surviving the A**hole at Work

    If you’ve never worked for a complete jerk, consider yourself lucky. Roughly one in five people polled say they’ve experienced bullying in the workplace, according to a 2017 study commissioned by the Workplace Bullying Institute. The study — which is actually pretty fascinating — concluded that 61 percent of the time, the bully is the person to whom an employee reports directly. Bullies are also men 70 percent of the time, while 66 percent of the time it’s women who are targets of bullying.

    None of this is news to Stanford Professor Bob Sutton, who co-founded both the d.school and Stanford Tech Ventures. He authored “The No Asshole Rule” a decade ago, and, relying on academic studies and thousands of email exchanges and conversations he has had with readers since, Sutton is now publishing a follow-up book next week called “The Asshole Survival Guide.”

    We talked with Sutton yesterday about what it means to be an asshole, how to work alongside one and why startups likely have more than their fair share of them.

    You cover a lot of ground in this book, which is basically a guide to figuring out a way to survive a terrible human being based on how much power you have. Why write a second book on this particular topic?

    “The No Asshole Rule” was really meant to be about building relatively jerk-free cultures, but people from all corners have been approaching me ever since, saying, “I work with a jerk. What do I do?” I sort of became the Dr. Phil for people with asshole problems.

    Is this meant to mostly entertain? Is it anecdotal?

    I did want it to be entertaining and readable, but I take an evidence-based perspective. I’m an organizational researcher at Stanford, so I’ve carefully reviewed thousands of economic papers on bullying and abusive workplaces.

    You talk a lot about creating physical and mental distance from bullies. But I’ve interviewed one of your Stanford colleagues in the past, Jeffrey Pfeffer, who takes a very different stance. He argues that you’ve got to fight bullies or else lose to them. His thinking is that nice guys finish last.

    I’ve written two books with Jeff and although he loves making that argument, he’s in the minority.

    More here.

    New Fundings

    DataCubes, a two-year-old, Chicago, Il.-based data science platform for the commercial insurance industry, has raised $2.5 million in Series A funding led by Seyen Capital and MK CapitalMore here.

    Meero, a three-year-old, Paris, France-based platform that aims to provide affordable access to professional photography, has raised €15 million ($18 million) in Series A funding. The round was led by Alven Capital, with participation from WhiteStar Capital and earlier investors GFC and Aglaé VenturesMore here.

    Pineapple Payments, a 1.5-year-old, Pittsburgh, Pa.-based payment processing company focused on mid-size businesses — both online and offline — has received $35 million in its first institutional round from Providence Strategic GrowthMore here.

    Replimune Group, a two-year-old, Woburn, Ma.-based biotechnology company focused on developing a new generation of oncolytic immunotherapies, has raised $55 million in Series B funding led by Foresite Capital. Other participants in the round include Bain Capital Life SciencesRedmile GroupCormorant Asset Management, entities affiliated with Leerink PartnersAtlas VentureForbion Capital Partners, and Omega FundsMore here.

    ReWork, a 1.5-year-old, Indonesia-based WeWork-like company, has raised $3 million in “pre-Series A” funding led by the cross-border firm ATM Capital and Indonesia’s Convergence VenturesURWork, a rival to WeWork in China that was itself recently valued at $1.5 billion, also joined the round. More here.

    Talkspace, a five-year-old, New York-based online therapy platform, has raised $31 million in Series C funding led by Qumra Capital, with participation from earlier backers Norwest Venture PartnersSpark CapitalSoftBankCompound and FirstTimeMore here.

    Vade Secure, an eight-year-old, Picardy, France-based cybersecurity company, has raised €10 million ($12 million) in funding led by Isai FundMore here.

    Vekia, a nine-year-old, Lille, France-based predictive analytics company that uses machine learning to help its retail customers forecast demand and supply, has raised €12 million ($14.4 million) in funding led by Serena Capital and BPIFrance, with participation from previous investors Pléiade VentureCapHorn Invest and Zenium Technology PartnersMore here.

    New Funds

    Almost exactly two years after closing two funds totaling $4.75 billion, the New York-based venture capital and private equity firm Insight Venture Partnershas set its sights on two new funds totaling $5.5 billion, according to the WSJ. (SEC docs show the firm had closed on at least $330 million in commitments for both a of early July.) It was in August 2015 that Insight closed on its current, $3.29 billion “main” fund and a $1.46 billion growth-buyout co-investment vehicle that co-invests alongside the bigger fund. The funds are among the biggest in the venture world, rivaling that of a small group of other firms, including New Enterprise Associates, which closed a $3.3 billion fund in June. More here.

    Also Sponsored By . . .

    Morgan Conbere loves public transit and values great UX. In fact, Conbere and his co-founders — alums of Google, Apple, and other tech giants — all depended on public transit day-to-day. But it bugged them that there was no modern, simple interface to pay for and ride the bus. So Token Transit was born — a FinLab company (and one of today’s sponsors) — and buying a bus pass will never be the same.

    Exits

    After a pivot and months of speculation about the future of car valet and concierge startup Luxe, automaker Volvo Cars says it’s acquiring the startup’s platform, technology, key staff and other assets to  fuel its own digital services strategy. Terms of the acquisition aren’t being disclosed, but the assumption here, says TechCrunch, is that Luxe’s venture investors are receiving “pennies on the dollar.” More here.

    Publicly traded Cloudera said yesterday that it is acquiring Fast Forward Labs, a three-year-old, Brooklyn-based startup that gives companies the latest information on how to apply machine learning and AI to their businesses. Terms of the deal weren’t disclosed. We can’t dig up any venture backing for Fast Foward Labs (that doesn’t there wasn’t any — just a mention!). More here.

    People

    Renowned e-commerce investor Kirsten Green has made Vanity Fair’s international best-dressed list.

    Twyla, a startup that collaborates with artists to create exclusive prints for sale at its site, has a new CEO. In June, Brian Sharples — who founded the 10-year-old, vacation rental marketplace HomeAway, acquired in 2015 for a whopping $3.9 billion by Expedia — quietly took the helm of the young company, after its original CEO stepped away. More here.

    Jobs

    Dropbox is hiring MBAs. The jobs are in San Francisco.

    JPMorgan Chase is looking to add an associate to its strategic investments team. The job is in New York.

    Essential Reads

    Uber is facing another FBI probe over a program that targeted its rival Lyft.

    Inside Juicero’s demise — from prized startup to firesale.

    China banned ICOs this week, but in nearby Japan, one company is planning to offer a one-stop-service that would allow companies across the world to take advantage of blockchain technology and IPOs — all without violating financial regulations. TechCrunch explains here.

    Detours

    How to survive a bear encounter.

    The “About Us” page of every digital media agency.

    Retail Therapy

    A 360-degree tour through a $17.75 million penthouse that’s 52 floors above New York.

  • StrictlyVC: September 7, 2017

    Hi, happy Tuesday, everyone! We’re getting very excited to see a bunch of you on the 27th.:) We’re also happy to announce that our friend and former colleague Lora Kolodny of CNBC has joined the program.

    In the meantime, a quick reminder for those of you in San Francisco that TechCrunch’s Disrupt show is coming up even faster — two weeks from now, in fact. We’ll be sitting down for chats with top investors Sam Altman, Kirsten Greene, and Steve Jurvetson as part of the program and we’ll share what they say with you (natch).

    Top News in the A.M.

    Bloop! Credit reporting firm Equifax says a data breach could potentially affect 143 million of U.S. consumers.

    Amazon said earlier today that it plans to open a second headquarters in North America to house up to 50,000 employees. Bids are due by October 19 for a location for the structure, which Amazon says could cost up to $5 billion to build. More here.

    Sponsored By . . .

    CNN. TechCrunch. WSJ. Forbes. Bloomberg. Business Insider. These are a fraction of the outlets where our clients have appeared — and they’ve paid us a fraction of the price most PR firms charge them for our efforts. We’re Rosebud Communications. Find out just how scrappy we are, at info@rosebud.io.

    Annie’s Longtime CEO is Working on a “Stealth” Food Startup

    John Foraker, who led the well-known organic food brand Annie’s for 17 years, is working on a new organic food startup in Berkeley, according to both his LinkedIn account and a recent report in the Star Tribune of Minnesota.

    General Mills bought Annie’s for $820 million in 2014. Foraker was supposed to stay for one year. He stayed on for three but told the Star last month that he isn’t cut out for corporate life and instead wants to pour his time into his new startup, which he expects will grow “big and fast into a highly disruptive force in the organic food space.”

    Foraker has also been somewhat active as an angel investor. In 2015, for example, he participated in a $22 million funding round for CircleUp, the crowdfunding platform for consumer brands to raise money from accredited investors. According to a new SEC filing, Foraker also contributed recently to a $5.3 million round for Bkhati Chai, an iced tea line based in Boulder, Colorado. And he lists Quinn, a new, snacks brand that makes pretzels and microwaveable popcorn, among his investments on the platform AngelList.

    Foraker remains a special advisor to General Mills. He has said he’ll be taking the wraps off his new startup this fall.

    If General Mills is an investor, don’t be surprised.

    More here.

    New Fundings

    Airobotics, a three-year-old Israel-based building autonomous drones for the enterprise sector and, increasingly, for defense and homeland security, just raised $32.5 million in funding led by BlueRun Ventures China, with participation from Microsoft Ventures and OurCrowd.com. TechCrunch has more here.

    Excision BioTherapeutics, a two-year-old, Philadelphia-based startup that is working on a CRISPER-based HIV treatment, has raised $10 million in seed funding led by Artis Ventures, the low-flying firm that led Stemcentrx’s Series A round. More on Excision here.

    Favor, a four-year-old, Austin, Tex.-based on-demand delivery service that’s focused on its home state for now, has raised $22 million in Series B funding led by its earlier backer, S3 Ventures. TechCrunch has more here.

    Gritstone Oncology, a two-year-old, Emeryville, Ca.-based personalized cancer immunotherapy startup, has raised $93 million in Series B funding led by Lilly Asia Ventures, with participation from GVTrinitas CapitalAlexandria Venture Investments and earlier backers Versant VenturesThe Column GroupClarus Funds and Frazier Healthcare Partners. Business Insider has more here.

    Guru, a four-year-old, Philadelphia-based startup whose Chrome extension has been likened to a “tricked-out internal wiki” that provides information to staffers that they can use to close a deal or respond to a customer complaint, has raised $9.3 million in Series A funding led by Emergence Capital. Earlier backers FirstMark Capital and MSD Capital also joined the round. More here.

    Innoviz Technologies, a 1.5-year-old Israel-based company at work on developing LiDAR remote sensing solutions, has raised $65 million in Series B funding from Delphi AutomotiveMagna International360 Capital PartnersNaver and Glory Ventures. Earlier backers Zohar ZisapelVertex Venture CapitalMagma Venture PartnersAmiti Ventures and Delek Motors also participated. TechCrunch has more here.

    MapR Technologies, an eight-year-old, San Jose, Ca.-based data management platform, has raised $56 million from earlier investors, led by Lightspeed Venture Partners. Forbes has more here.

    Movandi, a 1.5-year-old, Newport Beach, Ca.-based startup that was launched by a brother-and-sister team from Broadcom and has build a millimeter-wave module for 5G networks, has raised $9 million in funding, including from Cota Capital, shows an SEC filing. More on the company in EETimes.

    NOW Money, a two-year-old, Dubai-based fintech startup focused on improving the lives of regional, low-income migrant workers, raised $1.46 million in bridge funding, including from Myrisoph Capital and WAINMore here.

    NS1, a four-year-old, New York-based intelligent DNS and traffic management provider, has raised $20 million in funding led by GGV Capital. Other participants in the round include Salesforce VenturesDeutsche Telekom Capital PartnersFlybridge Capital PartnersSigma Prime VenturesTelstra Ventures and Two Sigma VenturesMore here.

    OncoStem Diagnostics, a six-year-old, Bengaluru, India-based personalized cancer treatment start-up, has raised $6 million from Sequoia Capital India. LiveMint has more here.

    OYO, a four-year-old, Gurgaon, India-based budget hotel network, has raised $250 million in funding led by SoftBank‘s Vision Fund. Other participants in the round include Sequoia Capital IndiaLightspeed Venture Partners and Greenoaks Capital. TechCrunch has more here.

    Roobo, a three-year-old, Beijing, China-based AI-startup that’s building home service robots, has raised $53 million in Series B funding led by Seven Seas Partners. China Money Network has more here.

    Shunwei, a three-year-old, China-based company that provides indoor positioning services for mobile Internet platforms and smartphone manufacturers, has raised $7.7 million in Series A funding led by Fosun RZ Capital. China Money Network has more here.

    Weave Communications, a nine-year-old, Lehi, Ut.-based unified patient communication technology platform, has raised $17 million in Series B-1 funding. Catalyst Investors led the round, and was joined by earlier investors Crosslink Capital and Pelion Venture PartnersMore here.

    Wuxi NextCode, a four-year-old, Cambridge, Ma.-based contract genomics company, has raised $165 million in additional Series B funding led by Sequoia Capital China. The round, which now stands at $240 altogether, also includes TemasekYunfeng Capital and 3W Partners. TechCrunch has more here.

    New Funds

    Aristos Ventures, a 5.5-year-old, Dallas-based micro VC fund that writes checks of between $300,000 and $2 million, is looking to raise a $15 million fund, per an SEC filing that shows it has raised $4.2 million toward that end. Aristos was founded by Felipe Mendoza, a former engineering manager at Flextronics who later served as an associate and the CFO of Silver Creek Ventures in Dallas. More here.

    Tempus Partners, a five-year-old, Syndey, Australia-based venture firm, is launching a $40 million fund to invest in local B2B startups. The firm closed its debut fund with $15 million in 2014. More here.

    Also Sponsored By . . .

    “Work like there’s someone trying to take it away from you 24 hours a day,” says Dave.com investor Mark Cuban. So Dave co-founder Jason Wilk keeps some insane hours. Email him at 2:01am? You might hear from him by 2:05. He’s intensely reliable, kind of like Dave.com, which looks out for you and keeps you from overdrafting before it happens. And yes, they’re a FinLab company (one of today’s sponsors). Here’s a little more about them.

    Exits

    Alice, a New York startup that sells operations software to hotels, has acquired a competitor, GoConcierge, for undisclosed terms. If Alice sounds familiar, it’s because last week, Expedia became a majority investor in the company as part of a $26 million round. The outlet Skift wonders if Expedia is thinking about thinking about selling more software to hoteliers. More here.

    Agricultural equipment giant Deere and Company says it’s spending $305 million to acquire the six-year-old, Sunnyvale, Ca.-based ag-tech startup Blue River Technology, which develops machine learning technology for precision farming. According to Crunchbase, Blue River had raised $30.35 million from investors, including, notably, Monsanto’s venture capital arm, Monsanto Growth Ventures. Other backers include Data CollectivePontifax AgTechInnovation Endeavors and Khosla Ventures. TechCrunch has more here.

    Nestle is buying Sweet Earth, a six-year-old, Moss Landing, Ca.-based company that makes frozen meals and chilled, plant-based burgers. Financial terms weren’t disclosed. Sweet Earth raised an undisclosed amount of venture funding from Renewal Funds. Fortune has more here.

    Unilever has acquired Pukka, a British organic tea company that makes flavors such as turmeric gold and mint matcha. Terms weren’t disclosed. Bloomberg has more here.

    VizEat, the European “social eating platform” that connects travelers and local hosts around authentic food experiences, has acquired EatWith, a similar startup headquartered in San Francisco. Terms of the deal aren’t being disclosed. EatWith is thought to have raised more than $8 million from backers, including Greylock Partners. TechCrunch has the story here.

    IPOs

    SharesPost just published a research report analyzing Dropbox’s inevitable IPO (which could be the biggest tech offering since Snap). You can scan it here.

    People

    Battery Ventures promoted seven team members: Zack Smotherman was promoted to principal. Roland AndersonSabrina Chiasson and Satoshi Harris-Koizumi were promoted to vice president. Three other team members were promoted associate: Brandon GleklenDominic Kallas, and Adi Dangot Zukovsky. (Click through to see their LinkedIn profiles.)

    Former Binary Capital partner Justin Caldbeck, who resigned in June after multiple women alleged he had sexually harassed them, sent a cease-and-desist letter to entrepreneur Niniane Wang to prevent her from repeating allegations that he attempted to silence reporters and other accusers. The letter calls out comments that Wang made at a Fortune conference in July. Buzzfeed has more here.

    A Massachusetts judge has sided with Techdirt, dismissing a $15 million lawsuit against the media company, its founder Mike Masnick and writer Leigh Beadon. The suit centered on Techdirt’s coverage of Shiva Ayyadurai’s claim that he is the inventor of email and Masnick’s article, “Here’s The Truth: Shiva Ayyadurai Didn’t Invent Email.” Ayyadurai had sued Techdirt for defamation. TechCrunch has more here.

    Nate Williams has joined Kleiner Perkins Caufield & Byers as an entrepreneur-in-residence. He was previously chief revenue officer and head of business for August Home. (H/T: Axios.)

    Jobs

    Learn Capital is looking for a part-time investment team fellow this fall. The job is in San Mateo, Ca.

    Data

    A record $800 million poured into ICOs in the second quarter.

    Essential Reads

    Apple‘s new iPhone, expected to be unveiled this coming Tuesday, was plagued by production glitches this summer, according to WSJ sources; they suggest that, as a result, the company could face supply shortfalls when customers start ordering the device later this month.

    Atlassian just built a Slack competitor.

    Detours

    Graydon Carter is ending his 25-year run as Vanity Fair’s editor.

    The best and worst countries to live and work in, according to expats.

    How to decline a job offer respectfully.

    Retail Therapy

    Toy blocks that make coding so easy, a monkey kids could do it.

  • StrictlyVC: September 6, 2017

    Well, hello!

    Top News in the A.M.

    3andMe, the 11-year-old, Mountain View, Ca.-based genetic testing and analysis company, is raising roughly $200 million at a $1.5 billion pre-money valuation led by Sequoia Capital. Fidelity is also part of the mix. TechCrunch has the scoop here.

    Mark Zuckerberg is answering questions about Dreamers and immigration on Facebook Live right now.

    Sponsored By . . .

    CNN. TechCrunch. WSJ. Forbes. Bloomberg. Business Insider. These are a fraction of the outlets where our clients have appeared — and they’ve paid us a fraction of the price most PR firms charge them for our efforts. We’re Rosebud Communications. Find out just how scrappy we are, at info@rosebud.io.

    This Startup Just Raised $2 Million to Analyze Drone Footage for Insurers

    Betterview, a 2.5-year-old, San Francisco-based company whose software can analyze detailed aerial footage captured by drones to help insurers better understand a property’s condition, has raised $2 million in funding from a long list of investors.

    Compound led the round; other participants include Maiden Re, 645 Ventures, Arab Angel, Winklevoss Capital, Chestnut Street Ventures, Pierre Valade (who co-founded the calendar application Sunrise), angel investor Edward Lando and earlier backers Haystack and MetaProp.

    It’s easy to understand the appeal of the company, which currently supports DJI drones and says its special sauce is the more than one million photos of roofs and properties in its database. That data set has been analyzed on an individual photo basis by claims adjusters, roofers and other experts and it ostensibly continues to grow and improve via machine learning with every new image it processes.

    Though co-founder and CEO David Lyman isn’t at liberty to disclose the company’s customers publicly, there’s clearly a market bubbling up here. Insurance companies Travelers and Allstate have said they now use drones to take pictures and video — and for fairly straightforward reasons, like the ability to keep their inspectors out of harm’s way, and to view areas where it might be harder for a human to see. Insurers are also deciding that it’s faster to send up an image-capturing drone rather than have someone traipse around a property looking for damage and taking notes.

    A year-old FAA rule that makes it easier for drone operators to fly legally as long as their drone is within sight doesn’t hurt, either.

    Betterview is chasing a sizable market. There are more than 8 million commercial properties in the U.S.. More than 300,000 of these buildings are valued at more than $5 million, which is the segment that Betterview — which sells it software on a subscription basis — is targeting right now. Should it enter into the business of helping to inspect single family homes, charging perhaps on a one-off basis, the market opens up even further. According to the latest U.S. census data, there are more than 76 million single family homes in the U.S., and 83 percent of them are insured.

    More here.

    New Fundings

    Aras, a 17-year-old, Andover, Ma.-based maker of product lifecycle management software meant to help engineers adapt to changing business practices, has raised $40 million in funding led by Silver Lake Kraftwerk, with participation from GE VenturesMore here.

    Axonius, a months-old, Tel Aviv, Israel-based open platform looking to help enterprises manage their fast-growing number of mobile, compute and IoT devices, has raised $4 million in seed funding from YL Ventures, with participation from Vertex Ventures and Emerge Capital. TechCrunch has more here.

    Dataiku, a four-year-old, Paris-based startup whose analystics software aims to help data analysts communicate with data scientists to build more meaningful applications, has raised $28 million in Series B funding led by Battery Ventures, with help from FirstMark CapitalSerena Capital and Alven. The company has now raised nearly $45 million altogether. TechCrunch has more here.

    DivvyCloud, a four-year-old, Arlington, Va.-based startup whose software automates the lifecycle management of IT resources across a company’s public and private cloud technologies, has raised $6 million in funding led by RTP VenturesMore here.

    Elastifile, a three-year-old, Santa Clara, Ca.-based enterprise hybrid cloud data management company, has raised $16 million in funding led by Western Digital Capital, the venture unit of Western Digital Corp. Other participants in the round include CE Venture and earlier backers Lightspeed Venture PartnersBattery VenturesDell Technologies Capital and Cisco Investments. The company has now raised roughly $65 million altogether. More here.

    Fanatics, a 15-year-old, Jacksonville, Fla., and San Mateo, Ca.-based sports e-commerce firm, has officially closed $1 billion in funding led by SoftBank Group‘s Vision Fund. Reuters has more here.

    FiveAI, a two-year-old, Cambridge, England-based company that’s building its own autonomous driving system to take on Uber and other transportation services, has raised two tranches of funding totaling roughly $35 million from investors that include Lakestar CapitalAmadeus Capital PartnersNotion Capital and Kindred. TechCrunch has more here.

    Guild Education, a two-year-old, Denver-based education benefits company, has raised $21 million in Series B funding led by Bessemer Ventures, with participation from Redpoint VenturesHarrison Metal, and Cowboy Ventures. The company has now raised $31.5 million altogether. We talked with founder Rachel Carson last fallMore here.

    Labster, a 5.5-year-old, Copenhagen-based company whose software platform enables virtual simulations of laboratories in order to teach life sciences to students, has raised $10 million in Series A funding. Balderton Capital led the round; other participants include Northzone and Unity Technologies founder David Helgason. TechCrunch has more here.

    Notable Labs, a three-year-old, San Francisco-based drug-testing service that helps oncologists identify the most appropriate combination of drugs for individuals with blood cancers, has raised  $10 million in Series A funding led byBuilders VC, with participation from existing investors. FierceBiotech has more here.

    Tenka Labs, a two-year-old, Sausalito, Ca.-based startup whose simple kits help young students create small gadgets with the use of motors and other bits that connect to legos, has raised $2 million in seed funding from undisclosed sources. TechCrunch has more here.

    Truveris, an eight-year-old, New York-based healthcare technology company that aggregates data and insights from across the pharmacy ecosystem to deliver cost savings and patient access to its clients (which include employers, unions, and government entities, among others), has raised $25 million in Series D funding. McKesson Ventures led the round, with participation from Canaan PartnersNew Leaf Venture PartnersTribeca Venture Partners, and New Atlantic VenturesMore here.

    Turo, an eight-year-old, San Francisco-based car-rental marketplace that invites travelers to use nearby cars, has raised an undisclosed amount tof funding from automaker Daimler as part of a new, $92 million Series D round. In addition to Daimler, other investors in the round include Liberty Mutual Strategic VenturesFounders Circle Capital, and earlier investors. TechCrunch has more here.

    Vericool, a two-year-old, Livermore, Ca.-based developer of sustainable cold chain packaging, has raised $5 million in funding led by BillerudKorsnäs Venture ABMore here.

    Zipwhip, a 10-year-old, Seattle-based company that’s built a texting platform for businesses to send and receive texts (and more) via their landlines, has raised $22.5 million in Series C funding led by OpenView, with participation from previous backers Voyager Capital and Microsoft Ventures. TechCrunch has more here.

    New Funds

    According to Axios, ConsenSys, a company that develops apps and tools based on Ethereum, has launched a $50 million venture capital fund that will provide pre-seed and seed capital to blockchain technology startups. It will be led by Kavita Gupta, who most recently led mission investing for Eric Schmidt’s family foundation, with the involvement from ConsenSys founder Joe Lubin (also Ethereum’s cofounder). More on ConsenSys Ventures here.

    OrbiMed Advisors has closed its third Asia-focused life sciences VC fund with around $551 million in capital commitments. FierceBiotech has more here.

    Speciale Invest, a new venture fund looking to fund deep tech startups, has launched with a $20 million target that it hopes to reach within six months’ time.  The firm’s cofounders are Vishesh Rajaram, who used to be a principal investor at VC firm Ventureas, and Arjun Rao, who worked with Yahoo! and Ibibo before co-founding the 10-year-old, venture-backed bus booking portal Travelyaari. Tech in Asia has more here.

    Also Sponsored By . . .

    Today’s sponsor, the Financial Solutions Lab at CFSI, would like you to know that there’s an enormous (and growing) population out there that needs your big brilliant fintech ideas to become reality in the next few years. Who are they? The 111 million Americans over the age of 50. This segment will grow by 45 percent from 2015-2050, and their total share of the population will reach 40 percent. So start your startup engines: Innovate for the aging! (Sign up here for more info.)

    Exits

    Earlier this year, Amazon launched its business in the Middle East by paying $580 million to acquire Souq.com, an Amazon-style marketplace based out of Dubai. Now, Amazon and Souq are making another acquisition to build out the logistics that will underpin that operation’s growth: Souq has acquired Wing.ae, a startup that is building out a network for Prime-style same-day and next-day deliveries for various e-commerce marketplaces. TechCrunch has the rest of the story here.

    IPOs

    NuCana, a Edinburgh, U.K.-based clinical stage biopharmaceutical company that’s looking to fund late-phase trials of its reformulated cancer candidates, has filed to raise $115 million in a Nasdaq IPO. FierceBiotech has more here.

    People

    Institutional Venture Partners has brought four new people aboard: Kelly O’Kane, who joins as VP of biz dev; Parsa Saljoughian, who joins as a VP; Chloe Breider, a new associate; and Jason Kong, who was also named an associate. (Click through to see their LinkedIn profiles.)

    Kendra Ragatz has joined Aspect Ventures as a general partner and the COO of the firm. Ragatz, who will focus on the growth and development of the firm, including recruiting and finance, was formerly a venture partner with DAG.

    Tom Wehmeier, Atomico’s head of research, has been named a partner with the venture firm. More here.

    Data

    These countries do not love your ICO plans.

    Also Sponsored By . . .

    The Blinkist app gives you the key insights from the world’s bestselling nonfiction books in 15-minute text and audio packs. Discover titles in a wide range of categories — from business to personal growth — and kickstart your reading habit. Personalised recommendations and expertly-curated book lists ensure that you stay ahead of the curve. With the audio feature, you can listen to key takeaways and learn on the go. This means you can understand the key points of a recent New York Times bestseller on your commute to work. Find out here why and how people are overhauling the way that they read and how you can join them.

    Essential Reads

    Gulp. Hackers have gained “switch flipping” access to U.S. power grid control systems.

    Cancer’s invasion equation.

    Detours

    Twenty-five women making some of the best rock music today.

    Where 50 celebrities went to college.

    So American, we know, but pass.

    Retail Therapy

    Martin Shkreli, the “pharma bro” who’s now facing 20 years in the big house, looks to be selling his one-of-a-kind, 128-minute-long Wu-Tang album on eBay. (Fwiw, he paid $2 million; the starting bid last night was $100K.)

  • StrictlyVC: September 5, 2017

    Hello! You are back! Hope you had a great break.:)

    No column today. (We’re working on a couple of things but neither is done.)

    Top News in the A.M.

    President Trump just put in legal limbo one million people who consider themselves Americans. Facebook CEO Mark Zuckerberg, writing about the administration’s decision this morning, said what most of us are thinking right now: “This is a sad day for our country. The decision to end DACA is not just wrong. It is particularly cruel to offer young people the American Dream, encourage them to come out of the shadows and trust our government, and then punish them for it.”

    Microsoft says it will pay legal fees to fight its Dreamer employees’ deportation.

    Sponsored By . . .

    CNN. TechCrunch. WSJ. Forbes. Bloomberg. Business Insider. These are a fraction of the outlets where our clients have appeared — and they’ve paid us a fraction of the price most PR firms charge them for our efforts. We’re Rosebud Communications. Find out just how scrappy we are, at info@rosebud.io.

    New Fundings

    Acutronic Robotics, a year-old, Álava, Spain-based robotics development firm (it sells hardware products, engineering services and more to clients), has raised an undisclosed amount of Series A funding led by Sony Innovation Fund. TechCrunch has more here.

    Aifloo, a two-year-old, Stockholm, Sweden-based startup that combines hardware sensors and AI in a “smart” wristband designed to help care for the elderly, has raised €5.1 million ($6 million) in new funding. EQT Ventures led the Series A round. TechCrunch has more here.

    Allbirds, a two-year-old, San Francisco-based maker of eco-friendly wool shoes that have taken over the tech world, has raised $17.5 million in Series B funding, led by Tiger Global Management, with participation from Elephant and earlier investors Maveron and Lerer Hippeau Ventures. The company has now raised $27.5 million altogether. TechCrunch has more here.

    Bitmain Technologies, a Beijing, China-based leading maker of chips and machines for mining bitcoin, is reportedly raising $50 million from several venture firms, including Sequoia Capital and IDG Capital. Bloomberg has more here.

    Classcraft, a four-year-old, Quebec- and New York-based startup that produces a free, online, educational role-playing game that teachers and students play together, has raised $2.8 million in funding led by Whitecap Venture Partners, with participation from Brightspark VenturesMaRS Catalyst Fund, and previous investors. More here.

    Entasis Therapeutics, a two-year-old, Waltham, Ma.-based company that’s trying to develop a portfolio of cures for serious drug-resistant bacterial infections, has raised $31.9 million Series B-1 extension financing. New investors include Pivotal bioVenture PartnersSofinnova Ventures and TPG Biotech. The original Series B round had closed with $50 million in March of last year, led by ClarusMore here.

    Event Pop, a two-year-old, Thailand-based digital ticketing startup, has raised more than $2 million in Series A funding led by InVent, a subsidiary of the parent of operator AIS, and Kasikorn Bank. TechCrunch has more here.

    Fast Travel Games, a 1.5-year-old, Stockholm, Sweden-based VR games studio founded by industry veterans from Rovio, Electronic Arts and DICE, has raised $2.1 million in Series A funding led by Industrifonden, with participation from CreadesInbox Capital and earlier investor Sunstone Capital. TechCrunch has more here.

    Finaeo, a 1.5-year-old, Toronto, Canada-based sales platform for insurance advisors, has raise $2.25 million in seed funding led by Impression Ventures, with participation from 500 StartupsRobo VenturesiGan Partners, and unnamed angel investors. More here.

    ForeverCar, a five-year-old, Chicago-based technology platform for the car repair industry, has raised $12 million in debt from City Capital Advisors, and $3 million in equity from earlier backers, including CMFG Ventures (the venture arm of CUNA Mutual Group). More here.

    ForgeRock, a seven-year-old, San Francisco-based identity management startup, has raised $88 million in Series D funding led by Accel Partners, with participation from KKRMeritech Capital Partners, and Foundation Capital. The company has now raised more than $140 million to date. TechCrunch has more here.

    Lilium, a two-year-old, Munich-based aviation startup whose machine has been compared to a flying car (including, fine, by us), is announcing it has closed $90 million in Series B funding, including from Tencent HoldingsLGT, which is a private banking and asset management group; early investor Atomico; and Obvious Ventures. TechCrunch has more here.

    LookBookHQ, a five-year-old, Toronto-based intelligent content platform that aims to accelerate B2B purchase decisions, has raised $11 million in Series B funding led by Edison Partners, with participation from Hyde Park Venture PartnersMore here.

    Metawave Corporation, a months-old, Palo Alto, Ca.-based startup whose primary market focus is to build intelligent beamsteering radars for autonomous driving, has raised $7 million in seed funding from Khosla VenturesMotus Ventures, and Thyra Global ManagementMore here.

    Runtime, a three-year-old, Redwood City, Ca.–based startup that provides IoT device management and monitoring, has raised $7.5 million in funding from New Enterprise AssociatesFoundation Capital, and DHVC.

    SinoVision Technologies, a five-year-old, Beijing, China-based medtech start-up developing computed tomography (CT) scanners, has raised $29 million in new funding from HG CapitalQiming Venture Partners and a little-known Chinese healthcare investment firm called Yili Fuyi Daohe. China Money Network has more here.

    Wizer, a three-year-old, New York-based AI-powered consumer research company, has raised $4 million in funding led by State of Mind Ventures, with participation from Nielsen InnovateMore here.

    Yi+, a three-year-old, Beijing, China-based start-up developing machine vision technology for content marketing (it specializes in object recognition and facial recognition technology), has raised $14 million in Series B funding. Investors include Haitong SecuritiesBairongjun Group and The Bank of Beijing. China Money Network has more here.

    Zomato, the nine-year-old, Gurgaon, India-based food ordering and restaurant discovery platform, is reportedly in talks with China’s payments giant Ant Financial Services Group to raise between $100 and 200 million in a deal that could value the company at between $800 million and $1 billion. LiveMint has more here.

    New Funds

    Eight Roads Ventures, a 22-year-old, venture firm, has launched its first dedicated China healthcare fund, and it’s targeting $250 million in capital commitments. Eight Roads is the proprietary investment arm of Fidelity International and it has offices in China, India, Japan and the UK. China Money Network has more here.

    StageOne Ventures, a Tel Aviv, Israel, and Palo Alto, Ca.-based early stage venture capital firm that focuses on Israel-related tech startups, has closed its third fund with $110 million in capital commitments. StageOne specializes primarily in IT infrastructure deals. The firm closed its second fund with $65 million in 2015. More here.

    Exits

    Hewlett Packard Enterprise has been mostly known in recent times for selling off pieces of its business, but it has quietly been buying up cloud companies in an attempt to build out a hybrid cloud business, notes TechCrunch. In fact, in what marks its fifth acquisition (at least) this year, the company said it’s buying Cloud Technology Partners, a Boston-based cloud consulting firm. Terms of the deal aren’t being disclosed. More here.

    Huddle, the enterprise software startup that was once considered the hot competition against Box and Dropbox, has quietly confirmed an effective sale to San Francisco private equity firm Turn/River. Business Insider has more here.

    Nasdaq is buying eVestment, a 17-year-old, Marietta, Ga.-based investment analytics provider, for $705 million, says Reuters. More here.

    IPOs

    Rovio Entertainment, the Finnish maker of the “Angry Birds” games, said today that it will go public in Helsinki. Dealbook has more here.

    Also Sponsored By . . .

    Today’s StrictlyVC is brought to you by the Financial Solutions Lab at CFSI, which would like to tell you about Tomorrow. Serial entrepreneur Dave Hanley founded Tomorrow to help you do the things you need to do today — like a will — to take care of your family’s financial future (tomorrow). It’s financial security, simplifiedLearn more about Lab companies.

    People

    Inside billionaire Reid Hoffman‘s well-funded, semi-secretive campaign to seed a national political movement.

    Ted Rheingold, a widely known and loved Bay Area entrepreneur, has passed away. Rheingold had been writing with grace about his battle with stage four metastatic carcinoma throughout the year.

    Jobs

    Emergence Capital Partners is looking to hire an associate. The job is in San Mateo, Ca.

    Data

    According to the China Internet Network Information Center, a government agency, China is now home to 724 million mobile internet users. Relatedly, 96 percent of Internet users are mobile. (H/T/ Benedict Evans.)

    Essential Reads

    It’s not always property owners who post rentals on Airbnb; they’re the ones getting fined, though.

    Google is teaming with Xiaomi to resurrect its Android One smartphone programfor India, in a bid for more users in emerging markets.

    The lonely lives of Silicon Valley conservatives.

    Detours

    How to set up your iPhone for a kid.

    The 13 scariest evil movie clowns . . . so far.

    Retail Therapy

    Paul Newman’s rare Rolex is being auctioned off late next month on Park Avenue in New York, and vintage watch dealers have out their popcorn.

  • StrictlyVC: September 4, 2017

    Hello! We hope you’re having a leisurely Labor Day weekend here in the U.S. and that, if you’re in California, you survived the heat wave. (We haven’t sweated that much since Trump’s inauguration address.) Short edition today but more tomorrow.:)

    Top News in the A.M.

    China is banning companies from raising money through ICOs. CNBC has more here.

    Sponsored By . . .

    CNN. TechCrunch. WSJ. Forbes. Bloomberg. Business Insider. These are a fraction of the outlets where our clients have appeared, and they’ve paid us a fraction of the price most PR firms charge them for our efforts. We’re Rosebud Communications. Find out just how scrappy we are by writing info@rosebud.io.

    At Pear Day, a Who’s Who of VCs, and Some Fresh Ideas

    Pear, a popular seed-stage venture firm whose early bets include Guardant Health, Memebox, and Branch, hosted its fourth demo day in Woodside, Ca., last Thursday, and though it was a scorchingly hot afternoon at a largely outdoor venue, a veritable who’s who of VCs showed up: Bryan Schreier of Sequoia Capital was there. So was Brian O’Malley of Accel Partners, another frequent guest. Others of the 120 other VCs in attendance included Shawn Carolan of Menlo Ventures, Shahin Farshchi of Lux Capital, Ann Miura-Ko of Floodgate, Maha Ibrahim of Canaan Partners, Bobby Yazdani of Cota Capital, Semil Shah of Haystack, Hunter Walk of Homebrew, James Currier of NFX Guild, and Josh Elman of Greylock Partners.

    What everyone came to see was 15 teams, all of them roughly six months old or younger, and all led by current college students or recent graduates who’d been invited by Pear to build companies over ten weeks in its airy but cramped Palo Alto offices. It’s a nice deal for the founders, who receive an uncapped note of between $25,000 and $40,000, along with advice from people who know how to grow companies. Among those to speak with this summer’s crop: Dropbox cofounder and CEO Drew Houston.

    These demo days are also a chance for Pear to showcase its ability to spot talent at the earliest stages. Satellite company Capella Space got its start in Pear’s summer program; it raised a $12 million Series A round in May.

    Viz, a startup that helps physicians identify anomalies in brain scans using machine learning and which landed $7.5 million in Series A funding in May, was part of the line-up last year. (Pear asks to invest up to $250,000 when its summer teams raise these first rounds.)

    Because we know some of you like learning about these companies as prospective investments, to identify future trends, or simply to better understand the competition, we’re written up some of the nascent startups that presented. Meanwhile, here is the full line-up of companies, and a quick snapshot of what the show was like.

    More here.

    New Fundings

    Coya, a 1.5-year-old, Berlin-based insurtech startup, has raised $10 million in seed funding led by Peter Thiel’s Valar Ventures. Other participants in the round include e.ventures and La Famiglia. Business Insider has more here.

    GetAccept, a two-year-old, Palo Alto, Ca.-based e-signature service that helps salespeople track their documents and close deals, has raised $1.6 million in seed funding from Amino Capital and Y Combinator, as well as other angel investors. TechCrunch has more here.

    Habito, a two-year-old, London startup that is bringing the entire mortgage process online, has raised £18.5 million ($22 million) in Series B funding led by Atomico, with participation from earlier backers Ribbit CapitalMosaic Ventures, and Revolutionary (Ad)Ventures. The company has now raised roughly £27 million altogether. TechCrunch has more here.

    Via, a five-year-old, New York-based company that runs a shuttle-based carpooling service that it offers directly to consumers and through partnerships with other transportation companies, has raised an undisclosed amount of funding from the German carmaker Daimler. Daimler’s Mercedes Benz division is further investing $50 million into a joint venture with Via. Altogether, says a TechCrunch source, Via just raised $250 million in the deal. More here.

    Also Sponsored By . . .

    Today’s StrictlyVC is also being brought to you today by the Financial Solutions Lab at CFSI, which would like to remind you of Labor Day’s origins. As we rethink the world we live in, we’d also like to reflect on the glory that pensions once were — and, as it turns out, can be again — through Blueprint Income, the FinLab company of founder Matt Carey. It’s a much happier origin story, and a positive outcome is guaranteed.

    IPOs

    Roku has filed for an initial public offering and is looking to raise up to $100 million. The company will be listed on the NASDAQ appropriately under the ticker of ROKU. TechCrunch has more here.

    People

    Apple’s Siri efforts are now being led by software SVP Craig Federighi, instead of online services SVP Eddy Cue, who had previously led its development. Business Insider has more here.

    Essential Reads

    The U.S administration is expected to announce plans to end DACA tomorrow. But a six-month delay would give Congress time to protect young undocumented immigrants living in the U.S.

    Detours

    The urban revival is over.

    Prince George and Princess Charlotte are going to have a younger sibling.

    Retail Therapy

    The best local beers across the U.S.


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