StrictlyVC: November 17, 2017

November 17, 2017


Hi, everyone, happy Friday. Hope you’re in for a fun weekend. See you Monday.:)



Top News


Bitcoin looks poised to zoom past $8,000.


See that shiny thing over there? It’s the newly reimagined Tesla roadster.



Sponsored By …


The only way to change the world is to face ideas that make us uncomfortable. The collision of technology, business, politics, and culture has contributed to the most divisive time in U.S. history. Rational discourse is in short supply. It’s time to come together, bringing into one room the cross-disciplinary and cross-the-aisle POVs required to drive change. Shift Forum is that room – don’t miss your opportunity to be there. StrictlyVC readers use CODE: STRVC for a 20 percent discount.



New Fundings


Achievelt, a seven-year-old, Atlanta, Ga.-based company that makes strategic planning and tracking software and services, has raised $1.7 million in funding fromBIP CapitalMore here.


Airside Mobile, an eight-year-old, Arlington, Va.-based creator of a mobile passport app, has raised $6 million in Series A funding co-led by Blazar Venturesand Grotech Ventures, with participation from Bain Capital Ventures and 8VC.More here.


Axios, the months-old, New York-based media startup created by Politico cofounderJim VandeHei, has raised $20 million in fresh funding co-led by earlier backersGreycroft Partners and Lerer Hippeau Ventures. Other participants in the round include WndrCo and previous backers NBCUniversalEmerson Collective and Wal-Mart Chairman Greg Penner. The WSJ has more here.


Bird.i, a three-year-old, Glasgow, Scotland-based startup that disseminates satellite, airborne and drone imagery in real time, has raised $2.6 million in funding led by Accelerated Digital Ventures. Other investors in the round include Concrete VCFrontline VenturesSatellite Application Catapult Services and Scottish Investment BankMore here.


Edmit, a months-old, Boston-based college price comparison and bidding platform, has raised $855,000 in pre-seed funding from Bessemer Venture Partners,Rethink Education and Neu VC. BostInno has more here.


Gainfully, a two-year-old, San Francisco-based SaaS startup that connects insurance and financial services companies, raised $2.5 million in funding led byMassMutual VenturesMore here.


GoSpotCheck, a six-year-old, Denver, Co.-based startup whose mobile apps automate the structuring and reporting of field data from retail customers, has raised $21.5 million in Series B1 funding co-led by Insight Venture Partners andPoint Nine CapitalMore here., a three-year-old, Boston-based open-source log analysis platform, has raised $23 million in new funding led by OpenView Venture Partners, with participation from Vintage Investment Partners and earlier backers Giza and83North. The company has now raised $47 million altogether. Reuters has more here.


Meural, a three-year-old, New York-based digital art technology company, has raised $5 million in Series A funding led by Corigin Ventures, with participation from NetgearResolute Venture Partners and assorted angels. TechCrunch hasmore here.


Modulated Imaging, a nine-year-old, Irvine, Ca.-based company that has developed light-based imaging technology for preventing, diagnosing, and curing medical conditions, just raised $2.86 million in Series A funding led by Grey Sky Venture Partners. Other investors in the round include Mitsubishi UFJ Capital and Fresenius Medical Care VenturesMore here.


Physera, a 1.5-year-old, Palo Alto, Ca.-based musculoskeletal care company, has raised $2.8 million in funding, including from Innovation EndeavorsLux Capital,ExpaSlow Ventures, and iD VenturesMore here.


Tortuga Logic, a 3.5-year-old, Palo Alto, Ca.-based company selling design tools and tech to facilitate the design of secure hardware, has  raised $2 million in seed funding from Eclipse Ventures. TechCrunch has more here.


Trocafone, a 3.5-year-old, São Paulo, Brazil-based online marketplace for used electronics, has raised $15 million in funding, including from CallfortMIT Castor Ventures FundFJ LabsRocketship, and Mercado Libre Fund. TechCrunch hasmore here.


TRUE Jerky, a four-year-old, San Francisco-based maker of “natural” beef jerky and marinades, has raised an undisclosed amount of funding from 1K1VMore here.


Ubtech Robotics, a five-year-old, Shenzhen, China-based maker of small humanoid robots for entertainment and educational purposes, has raised $400 million in Series C funding led by Tencent. China Money Network has more here.





Online personal shopping company Stitch Fix priced its IPO below expectations in a downsized offering yesterday, raising $120 million. It began trading this morning. CNBC has more here.


scPharmaceuticals, a Burlington, Ma.-based developer of products for subcutaneous delivery, has raised $90 million in its IPO. The company will trade on the Nasdaq; its biggest outside shareholders include 5AM VenturesOrbiMed andLundbeckfond.





Airbnb has acquired adtech startup AdBasis, a three-year-old, Chicago-based startup that had built a platform and dashboard for ad testing and optimization. Terms aren’t being disclosed. AdBasis doesn’t appear to have raised (or, at least, announced) venture funding. TechCrunch has more here.


Mashable, the digital media company, has agreed to sell to publisher Ziff Davis for roughly $50 million, says the WSJ. The price is a fraction of the company’s valuation less than two years ago. More here.


Williams-Sonoma will acquire Outward, a five-year-old, San Jose, Ca.-based augmented reality/furniture visualization startup, in an all-cash deal for $112 million. Outward had raised approximately $11.5 million in venture funding, including from Merus Capital. TechCrunch has more here.





Apple’s first-ever vice president of diversity and inclusion, Denise Young Smith, is leaving Apple at the end of this year, reports TechCrunch. Young Smith, who has only been in the position since May of this year, previously served as Apple’s head of worldwide human resources for three years.


Michael Carney, a former journalist turned associate at Upfront Ventures, has been promoted to principal.



Essential Reads


Inside Google‘s struggle to filter lies from breaking news.


The cryptocurrency wallet and exchange startup Coinbase is launching a new storage service aimed specifically at institutional investors.


Check out Tesla‘s big, new, all-electric truck.





Inside that history-breaking, $450 million Leonardo da Vinci auction.


Why the future of shopping has no price tags.



Retail Therapy


Steph Curry will soon teach an online course in basketball. Sounds well worth the $90 to our sons (who, we should mention, do not have any money).


Filed Under:

Don’t Miss Out!

Sign up today to receive a free daily email with everything you need to start your day. Plus, keep track of the companies and personalities that will shape the industry in the months and years to come. Let StrictlyVC be your very own venture capital concierge.

StrictlyVC on Twitter