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Inside Venture Capital

Inside Venture Capital (Nov 19th, 2017)

--VC Reads--

-- Why the risk/return problem needs to be solved in Micro-VC: Angel investor Samir Kaji (Fanduel, Pure Storage) responds to questions as to whether there is too much seed capital in VC spread over too many funds.

-- Why we will still invest in Smartphone apps: Lightspeed Venture Partner’s Jeremy Liew (Snapchat) counters the now old claims that apps are dead.

-- Diligence 101 for Seed Stage Startups: Founder Collective emphasizes bringing references and data, focusing on debate, and more.

-- 13 Startup Ideas: Software developer at YC Kyle Corbitt’s suggestions include AI for dog communication, smart bathrooms, and more.

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--Consumer Internet--

-- Deliveroo (London, UK), on-demand food delivery: $98M F led by T. Rowe Price, Fidelity. Brought total round to $480M.

-- Pear Video (Shanghai, China), short video mobile app: $25M Pre-A from People.cn.

-- TaskEasy (Salt Lake City, UT), on-demand/subscription lawn mowing/snow removal services: $22M C led by River Cities Capital, participation from Camber Creek, Moderne, Grotech, Access, Delta Electronics.

-- Axios (Arlington, VA), business-oriented online news outlet: $20M led by River Cities Capital, participation from Camber Creek, Moderne, Grotech, Access, Delta Electronics. Founder and CEO Jim VandeHei is also the founder of Politico, where he served as CEO until 2016.

-- Trocafone (São Paulo, Brazil), online B2B electronics marketplace: $15M from Callfort, MIT Castor, FJ Labs, Rocketship, Mercado Libre, et al.

-- OnePark (Paris, France), app to book parking spots: $14.15M from Keolis.

-- Winstrike (Russia), online sports betting site: $10M from Nikolai Belykh, et al.

-- Oros Apparel (Cincinnati, OH), aerogel-insulated outerwear: $2M from undisclosed sources.

--Cleantech--

-- Spire (San Francisco, CA), small satellites to keep watch of oceans and remote forests: $70M from Luxembourg Future Fund, et al.

--Enterprise--

-- GoSpotCheck (Denver, CO), enterprise product tracking/display technology: $21.5M B1 led by Insight Venture Partners, Point Nine Capital.

-- Shippeo (Paris, France), supply chain visibility platform: $11.79M A led by Partech Ventures, Otium Ventures.

-- Hopscotch (Los Angeles, CA), mobile engagement platform for app-based sports event promotion: $5M B from Jackson, Pittco, Jim Armstrong, March, Mosaik, Albrecka.

-- Achievelt (Atlanta, GA), strategic growth initiative platform: $1.7M E1 from BIP Capital.

--Fintech--

-- Built (Nashville, TN), collateral monitoring and draw process associated with construction loans: $21M A led by Index Ventures, participation from Nyca.

-- JLC Network (Beijing, China), transaction solutions provider: $15M led by Zhongjun Capital.

--Biotech/Health--

-- Ncardia (Gosselies, Belgium), iPSC-derived cardiovascular and neuronal cell types: $12M B led by Épimède, participation from InnovationQuarter, SRIW, SambrInvest, Vesalius, SFPI-FPIM.

-- RDD Pharma (New York, NY), treatments for lower gastro-intestinal disorders: $9.5M B led by Pharmascience, participation from OrbiMed, Capital Point, et al.

-- Camras Vision (Research Triangle Park, NC), camera for glaucoma surgery: $5M A led by VCapital.

-- Modulated Imaging (Irvine, CA), light-based imaging tech for diagnostics purposes: $2.86M A led by Grey Sky Venture Partners, participation from Mitsubishi UFJ, Fresenius, Hamamatsu Photonics K.K.

--Edtech--

-- Codemao (China), online programming education for children: $18M B led by Hillhouse Capital, participation from Crystal Stream, Qinghan, Cheetah.

-- Code2040 (New York, NY), tech-oriented career workshops/internships for underrepresented students: $5.6M from The Knight Foundation, The Sara and Ev Williams Foundation, et al. CEO and co-founder Laura Weidman Powers served as a senior policy advisor to the White House Office of Science and Technology for seven months culminating in January 2017.

--Cybersecurity--

-- At-Bay (Mountain View, CA), security for organization and insurance brokers: $6M Seed from Lightspeed, LocalGlobe, Shlomo Kramer.

-- ReFirm Labs (Fulton, MD), enterprise/IoT/consumer cybersecurity: $1.5M from DataTribe.

--Govtech--

-- Airside Mobile (Arlington, VA), mobile passport app for use in US airports: $6M A led by Blazar Ventures, Grotech Ventures, participation from Bain, 8VC.

--Dev--

-- Umajin Immerse (Boston, MA), collaboration/cross-platform app publishing platform: $5.5M from undisclosed sources.

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--VC Refresher: Peter Thiel out of Y Combinator-- Peter Thiel’s entry into YC as a part-time partner in 2015 was announced personall
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This week's funding comes in at $2,272,600,000, almost $350M and $250M below the year's average and median to date respectively

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--M&A/IPO/New Funds-- --M&A-- -- Williams-Sonoma to acquire AR imaging startup Outward for $112M. -- Ziff Davis to rep
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--Funding Breakdown--

--Consumer Internet--

8 Deals: $208,148,000

--Cleantech--

1 Deal: $70,000,000

--Enterprise--

4 Deals: $39,990,000

--Fintech--

2 Deals: $36,000,000

--Biotech/Health--

4 Deals: $29,360,000

--Edtech--

2 Deals: $23,600,000

--Cybersecurity--

2 Deals: $7,500,000

--Govtech--

1 Deal: $6,000,000

--Dev--

1 Deal: $5,500,000

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