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Inside Venture Capital

Inside Venture Capital (Nov 16th, 2017)

--VC Reads--

-- United Masters: Ben Horowitz (Twitter, Lyft, Okta) explains the idea behind his most recent investment, which also saw personal attention from Larry Page.

-- Startups can only do one thing well at a time: Lightspeed Ventures’ Jeremy Liew (Snapchat) discusses the obverse of large companies being only able to do three things well at a time.

-- Venture Capitalist Challenges His Peers to Not Be '****ing Scumbags': Fortune talks to Social Capital’s CEO Chamath Palihapitiya.

-- Baidu’s COO, Qi Lu Discusses AI with Daniel Gross: From YC. (Video)

-- 2017 is a record year for VC funding in biotech, genetics: According to a Pitchbook analysis.

-- Reddit CEO: Company May Go Public by 2020: From an interview with Variety.

-- Tencent reportedly invests $150M in cinema ticketing startup Maoyan: TechCrunch reports.

-- 30 Under 30 Venture Capital 2018: Meet The Young Investors Finding The Next Great Tech Companies: From Forbes.

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--Biotech/Health--

-- Zensun (Shenzhen, China), treatments for cardiovascular and metabolic disorders: $76M led by SDIC, participation from Orient, Everbright Ivy.

-- Xeltis (Zurich, Switzerland), restorative approach for heart valve therapy: $53M C from Ysios Capital, et al.

-- EBR Systems (Sunnyvale, CA), wireless cardiac pacing system: $50M led by M.H. Carnegie & Co., Brandon Capital Partners, participation from Split Rock, Ascension, Emergent Medical.

-- Inozyme Pharma (Cambridge, MA), medicines to treat bone and tissue calcification: $49M A led by Longitude Capital, participation from NEA, Novo, Sanofi.

-- Collective Medical (Salt Lake City, UT), network for care collaboration: $47.5M A led by KPCB, participation from Bessemer, Maverick, Kaiser Permanente, Providence, Peterson, Epic.

-- ImmusanT (Cambridge, MA), therapeutic vaccine to induce immune tolerance for celiac disease: $40M C from ARCH, Vatera.

-- Syapse (San Francisco, CA), precision oncology software: $30M D from Ascension, GE, Intermountain, Safeguard Scientifics, Social Capital, Amgen, Medidata, Merck, Roche.

-- Arterys (San Francisco, CA), AI medical imaging: $30M B led by Temasek, participation from Northwell Health, NewYork-Presbyterian, Varian Medical, GE, Fosun, DNA, Emergent, ORI.

-- X4 (Cambridge, MA), rare disease treatments: $27M B from undisclosed sources.

-- LeanTaaS (Santa Clara, CA), healthcare operations platform: $26M B from Insight Venture Partners.

-- Torque (Cambridge, MA), cell therapies to direct and evoke immune responses in tumor microenvironments: $25M A from Flagship Pioneering.

-- Outpost Medicine (London, UK), treatments for urologic and gastrointestinal disorders: $20M A from Takeda, Frazier, Novo Holdings A/S, Vivo, Adams Street.

-- Cygnus (Beijing, China), gene sequencing: $19.6M B led by Zhongguancun, Dongfang Yirui, participation from Beijing Longpan, Jinggong Hongyuan, Proxima, General Technology.

-- Locus Biosciences (Research Triangle Park, NC), CRISPR-Cas platform for precision antimicrobials: $19M A led by Artis Ventures, participation from Tencent, Abstract, North Carolina Biotechnology, et al.

-- 1MData (Beijing, China), electronic medical record systems with optical character recognition technology: $15M B led by Shenzhen Guozhong.

-- Monopar (Chicago, IL), drugs/therapeutics for cancer patients: $9.7M from undisclosed sources.

-- Catalia (San Francisco, CA), patient care platform: $4M A led by Ion Pacific, participation from Khosla, NewGen, Abstract, Tony Ling.

-- Diamond Orthopedic (Charlotte, NC), medical devices: $3.5M Seed led by MagnaSci Fund.

--Consumer Internet--

-- Yidian Zixun (China), personalized newsfeed provider: $112M from Long De Cheng Zhang Culture Communication, et al.

-- Poshmark (Redwood City, CA), social P2P fashion marketplace: $87.5M D led by Temasek, participation from Mayfield, Menlo, GGV, Inventus, Uncork, Union Grove, Cross Creek.

-- Maimai (China), career-oriented social network: $75M C led by DCM, participation from IDG, Morningside, Zhaopin.

-- Tiff's Treats (Austin, TX), warm cookie delivery service: $25M D led by funds managed by Morgan Stanley Expansion Capital.

-- Less (Index, Daphni), ride-sharing service for short distance trips: $19M from Index, Daphni.

-- Meural (New York, NY), gesture controlled digital art frame with online library: $5M A led by Corigin Ventures, participation from Netgear, Resolute, Elio Leoni Sceti, Eric Ries.

--Enterprise--

-- UnitedMasters (New York, NY), platform to distribute artists' music in lieu of going through record labels: $75M A led by Alphabet, participation from Andreessen Horowitz, 20th Century Fox. Founder and CEO Steve Stoute is the former president of Interscope Records.

-- Book A Tiger (Berlin, Germany), B2B platform for services such as cleaning, others: $9.4M B from DN, Target, Atami, Davidson. Founder and CEO Claude Ritter is also a co-founder over Delivery Hero.

--Data/Analytics--

-- Logzi.io (Israel), AI-based log analytics: $23M C led by OpenView, participation from 83North, Giza, Vintage.

-- Behavox (London, UK), AI-based data platform for business insights: $20M led by Citigroup, participation from Index.

-- Anexio (Raleigh, NC), mid-market legacy data center conversion to hybrid cloud: $8M Credit Facility from Bridge Bank.

--Adtech/Martech--

-- ZMT Zhongmeng (Beijing, China), precision mobile marketing for multiple industries: $27M B+ led by Yunfeng Capital, participation from IDG, Kinzon.

-- Choozle (Denver, CO), consumer data-based multimedia real-time advertising: $6M B from undisclosed sources.

--Fintech--

-- TrueAccord (San Francisco, CA), data-driven debt collection platform: $22M B led by Arbor Ventures, participation from Nyca Investment, Assurant, Caffeinated, Felicis, TenOneTen, Crystal Towers.

-- PayStand (Scotts Valley, CA), blockchain-based inter-account payments platform: $6M A led by BlueRun Ventures, participation from Cervin, Serra, TiE, Capital for Founders.

--Dev--

-- Atomist (San Francisco, CA), automation API and programming model for developer tools with native Slack integration: $22M A from Accel, Matrix, et al.

--Industrial--

-- Assemble Systems (Boston, MA), software platform for construction and design: $12M A led by Autodesk Forge Fund, participation from Satterfield Vintage, Assemble.

-- Inboard Technology (Santa Cruz, CA), electric skateboard: $8M led by Upfront Ventures.

--Robotics--

-- Bossa Nova (San Francisco, CA), autonomous service robots for global retail industry: $17.5M B led by Paxion, participation from Intel, WRV, Lucas Venture Group, Cota. Will deploy at Walmart.

--Insurtech--

-- Goji (Boston, MA), online home and auto insurance distribution platform to match buyers to optimal platforms: $15M from HSCM Bermuda.

--AI/Machine Learning--

-- Kneron (San Diego, CA), AI computing power transfer from cloud to edge devices: $10M A led by Alibaba Entrepreneurs Fund, CDIB Capital Group, participation from Himax, Qualcomm, Thundersoft, Sequoia, CY ZONE.

-- Roxy (Seattle, WA), voice recognition software for device-specific purposes: $2.2M Seed from Highway1, Alchemist, Betaworks, Genesis, AJ, et al. Co-founder and CEO Cameron Urban is a multiple founder with two exits via acquisition and took a company through YC’12.

--Edtech--

-- Lessonly (Indianapolis, IN), enterprise knowledge training platform: $8M B from OpenView, Rethink Education, High Alpha, Allos.

--AR/VR--

-- CY Vision (San Jose, CA), computational holographic display technology for wide spectrum: $7M led by Vestel Ventures, participation from Intel.

--Cleantech--

-- CleanCapital (New York, NY), clean energy project investment platform: $3.7M A from Jeff Phillips, Barney Schauble, Ron Suber, Jon Barlow, Bradley Pattelli, SeedInvest.

--Cybersecurity--

-- WireWheel.io (Arlington, VA), GDPR-readiness preparation for data protection: $3.1M Seed led by PSP Growth, NEA, participation from Steve Case, Sean Glass, et al. Founder and CEO Justin Antonipillai spent over two years in various leadership positions within the US Department of Commerce, including to help negotiate the Privacy Shield.

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--Goldilocks-- Logistics and fleet management startup Idelic's CEO Hayden Cardiff talked to us about being a spinoff, pitching as a
Content for premium users only

--Funding Breakdown--

--Biotech/Health--

18 Deals: $544,300,000

--Consumer Internet--

6 Deals: $323,500,000

--Enterprise--

2 Deals: $79,400,000

--Data/Analytics--

3 Deals: $51,000,000

--Adtech/Martech--

2 Deals: $33,000,000

--Fintech--

2 Deals: $28,000,000

--Dev--

1 Deal: $22,000,000

--Industrial--

2 Deals: $20,000,000

--Robotics--

1 Deal: $17,500,000

--Insurtech--

1 Deal: $15,000,000

--AI/Machine Learning--

2 Deals: $12,200,000

--Edtech--

1 Deal: $8,000,000

--AR/VR--

1 Deal: $7,000,000

--Cleantech--

1 Deal: $3,700,000

--Cybersecurity--

1 Deal: $3,100,000

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