Telcare Inc., a developer of glucose monitoring system for people with diabetes, has raised $25.5 million in what it calls a “first close of a Series B financing.” Sequoia Capital led the round, which includes backing from existing investor, Qualcomm Inc., acting through its Qualcomm Life Fund. The financing will help bolster R&D efforts, as […]
Seattle-based online investment advice startup FutureAdvisor has raised $5 million in Series A capital from Sequoia Capital. The company provides users financial planning services, including personalized 401(k) fee analysis and recommendations. FutureAdvisor was founded in 2010. PRESS RELEASE FutureAdvisor, the online investment advisor for the everyday investor, today announced $5 million in Series A funding […]
Nutanix, which makes software-defined storage devices wrapped in off-the-shelf x86 servers, has raised $33 million in Series C financing. Current investors Lightspeed Venture Partners and Khosla Ventures, and new investors Battery Ventures and Goldman Sachs provided the round. Nutanix has now raised more than $71 million. The newest infusion will be used to expand sales […]
CouchSurfing, the online travel network that helps travelers find couches and spare bedrooms to sleep in, has added $15 million in new funding. General Catalyst Partners led the round, with participation by Menlo Ventures and existing investors Benchmark Capital and Omidyar Network. CouchSurfing has raised a total of $22.6 million in the past year. PRESS […]
Shasta Ventures has led a $14 million Series B round for Menlo Park, Calif,.-based software startup Typesafe. As a result, Typesafe appointed Shasta Ventures Managing Director Jason Pressman to its board. Juniper Networks, via its Junos Innovation Fund; Greylock Partners and individual investor Francois Stieger also invested in the round. The money will be used […]
More than you might expect, Y Combinator’s current crop of demo day companies addressed real problems experienced by real people.
Earlier today, a number of outlets reported on a new, San Francisco-based startup that is making it easy for women to turn their unused clothing into cold hard cash. Interestingly, those same outlets refer to the founders as ex-Googlers, despite that one spent less than four months at the company, which is two months less than his cofounder.
GGV Capital announced it has raised $625 million in combined U.S. and Chinese currency. The fund announcement comes a couple of days after two regulatory filings last week indicated the firm had raised about $520 million for its fourth fund. Those filings are available here and here. The firm, which boasts 13 IPOs of its […]
Discovery Bay Games, a maker of iOS-exclusive game accessories, has closed a $15 million Series B round led by Trilogy Equity Partners and Logitech. Discovery Bay Games is based in Seattle, and started as a traditional board game maker in 2006. PRESS RELEASE Discovery Bay Games, the worldwide leader in iOS-exclusive game accessories, today announced […]
Lehigh Technologies Inc. has raised $16 million from Leaf Clean Energy, Kleiner Perkins Caufield Byers, Index Ventures, and NGP Energy Technology Partners. Leaf Clean Energy led the round, which will be used for R&D efforts, as well as expansion. The company is a developer of micronized rubber powder technology. PRESS RELEASE Lehigh Technologies Inc., a […]