Iris Dorbian
San Francisco startup AboutLife, a provider of free personal financial planning tools, has launched with $3 million in funding from Kleiner Perkins Caufield & Byers. In addition to the investment, Randy Komisar, a general partner at KPCB, has been named to AboutLife's board of directors.
PeopleDoc, a provider of human resources service delivery solutions, has raised $28 million in funding. Eurazeo led the round with participation from return backers Accel Partners, Kernel Investissements and Alven Capital. According to the company, the capital will be used for growth and expansion.
Barracuda Networks has agreed to buy Intronis Inc, a provider of data protection solutions to managed service providers. No financial terms were disclosed. Intronis' backers included Greenspring Associates and OpenView Venture Partners.
New York City-based MMKT Exchange LLC, a secure digital exchange, has raised $5.9 million in funding. QED Investors led the round with participation from other backers that included Victory Park Capital, Fifth Street Asset Management Inc, Vikram Pandit, founding principal of The Orogen Group and Ron Suber, president of Prosper Marketplace.
Boston-based NewStore, a mobile retail platform provider, has secured $38 million in funding. General Catalyst Partners led the round.
General Atlantic is leading a $325 million Series E funding round for Avant, a Chicago-based online consumer lender that was formerly known as AvantCredit.
New York City-based online farmers' market Farmigo has secured $16 million in Series B funding. Formation 8 Partners led the round with participation from return backers Benchmark Capital and Sherbrooke Capital.
San Mateo, California-based Cloud Lending Solutions, a provider of online lending software, has secured $8 million in Series A funding. SF Capital Group led the round with participation from Cota Capital, Long Light Capital, Green Visor and Epic Ventures. In conjunction with the funding, Neil Wolfson, president at SF Capital Group, has been added to Cloud Lending Solutions’ board of directors.
Toronto-based drug discovery company Encycle Therapeutics has closed C$2.85 million in funding. The investors were Takeda Ventures Inc, Accel-Rx Health Sciences Accelerator, BDC Capital and MaRS Investment Accelerator Fund. Encycle is a University of Toronto spin-out.
Kontexto, a portfolio company of Spectral Capital Corp, is shutting down Wednesday. Formerly based in Ontario, Canada, Kontexto was a provider of software and services that helped manage real-time streaming data.