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Inside Venture Capital

Inside Venture Capital (Feb 1st, 2018)

This week's Goldilocks interview features Lidia Yan, co-founder and CEO of NEXT Trucking, talking about her company's growth in the wake of a $21M Series B.

--VC Reads--

-- Shoving Money Down a Startup’s Throat: Bessemer’s Amit Karp (Blue Apron) discusses the dynamics of the new super-round trend.

-- Masters of Scale: Reid Hoffman Interviews Sam Altman. (Audio)

-- DFJ’s Tim Draper on Bitcoin’s Rise, Steve Jurvetson’s Exit, and His Biggest Investing Regret: Fortune interviews the investor, whose portfolio includes Skype, Tesla, and Twitter.

-- Female Founders Got 2% of Venture Capital Dollars in 2017: Fortune Reports.

-- Facebook is banning all ads promoting cryptocurrencies — including bitcoin and ICOs: Recode reports.

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--Consumer Internet--

-- Wag! (Los Angeles, CA), dog walking platform: $300M from SoftBank.

-- MashaMa (China), fashion brand: $40M B led by Vertex, Su.

-- Keeson (China), electric mattresses: $32M from Red Star Macalline, Easyhome, Oppein Home Group, Easyhome, Share.

-- Mammoth Media (Santa Monica, CA), mobile-first storytelling app with monetization component for content creators: $13M A led by Greylock Partners, participation from Science, Inc.

-- Busbud (Montreal, Canada), marketplace for intercity bus tickets: $11M B led by iNovia Capital, participation from Teralys, Claridge, Plaza, Erik Blachford, Philippe Vimard, Real.

--Biotech/Health--

-- Insightec (Haifa, Israel), treatments to address brain indications from neurological diseases: $150M E led by Koch Disruptive Technologies, participation from Elbit Imaging, York, Exigent, GE Healthcare, GEOC, Meditech.

-- Rimag (Shenzhen, China), medical imaging: $64M B led by Baidu, participation from Neovision, Goldman Sachs, Huayu Rongchuang, Beijing Huaxin, Zeyue.

-- Avrobio (Cambridge, MA), gene therapies for rare diseases: $60M B led by Cormorant Asset Management, Surveyor Capital, participation from Aisling, Brace Pharma, Eventide, Morningside, Atlas, SV Health, Clarus.

-- QuVa (Sugar Land, TX), sterile compounding pharmacy services: $40M Debt & Equity from Bain, Silicon Valley Bank, Farnam Street.

-- Halo Neuroscience (San Francisco, CA), neurostimulation headset to accelerate muscle memory growth from athletic training: $13M B led by TPG, participation from Lux, JAZZ, Xfund.

-- Engine (Singapore), AI-based genomic drug discovery: $10M led by Danhua Venture Capital, 6 Dimensions Capital, participation from WuXi AppTec, EDBI, Pavilion, Baidu, WI Harper, Nest.Bio.

--Enterprise--

-- Asana (San Francisco, CA), productivity and collaboration platform: $75M D led by Investment Management, participation from 8VC, Founders Fund, Sam Altman, Dustin Moskovitz. Co-founder Dustin Moskovitz co-founded Facebook.

-- Bespin Global (Seoul, South Korea), cloud management: $27M led by T Telemedia, participation from Legend, et al.

-- Uberall (Berlin, Germany), platform to list small businesses across multiple location-based services: $25M B led by HPE Growth Capital, participation from Project A, United Internet.

-- Next Trucking (Lynwood, CA), platform connecting carriers to logistics firms using multiple metrics such as routes, prices, and others: $21M B led by Sequoia Capital.

-- CS Disco (Houston, TX), e-discovery platform for legal teams: $20M led by Bessemer Venture Partners, participation from LiveOak, The Stephens Group.

-- Victor (London, UK), private charter jet operations ecosystems: $18M led by BBA Aviation, BP Ventures.

-- Bench (New York, NY), booking services for SMBs: $18M B-1 led by iNovia Capital/ Bain, Altos, Silicon Valley Bank. Graduated Techstars 2012.

-- YunSpace (China), short-term commercial space rental platform: $15M B from CapHill, Fang.

-- Jibu (Denver, CO), platform to support entrepreneurial endeavors for the social well being of people living in the developing world: $7M B from Conrad N. Hilton Foundation, Danone, Stone Family Foundation, Asia Africa Investment, Maclellan Foundation, Segal Family Foundation, NRD.

--Fintech--

-- Meiliche (Beijing, China), used car financial services platform: $92M B led by New Hope Group, participation from Wacai.

-- EBanx (Curitiba, Brazil), platform for local payments to international merchants: $30M led by FTV Capital, participation from Endeavor Catalyst.

-- Drop (Toronto, Canada), millennial-based credit/debit rewards program: $21M A led by NEA, participation from Sierra, White Star, ff, Portag3, Silicon Valley Bank.

-- Funraise (Long Beach, CA), crowdfunding platform for nonprofits: $9.7M A led by Toba Capital, participation from Blaine Vess.

-- Juniper Square (Austin, TX), platform to streamline real estate project investment: $8M A led by Felicis Ventures.

-- DiversyFund (San Diego, CA), crowdfunding platform for alternative investments: $1M A from undisclosed sources.

--Industrial--

-- Nuro (Mountain View, CA), self-driving vehicle designed for local goods transportation: $92M A led by Banyan Capital, Greylock Partners. Co-founder Dave Ferguson spent five years as the lead of Google’s computer vision division for its self-driving car project.

-- Yasa (Oxford, UK), axial-flux electric motors and controllers: $21.3M from Universal Partners, Parkwalk Advisors, et al.

--Dev--

-- BrowserStack (Mumbai, India), browser and mobile OS testing platform: $50M A from Accel.

-- ForCity (Lyon, France), software to model urban environments: $10M led by CM-CIC Innovation, participation from Caisse des Dépôts Group, Omnes, Axeleo.

-- Xperial (Sunnyvale, CA), platform to connect varied technologies in mobile apps: $7M A from Scott Cook, Cyan Banister, WTI, Sacramento Kings.

-- Cake (Salt Lake City, UT), swipe-able browser for mobile using preferred search engine: $5M Pre-A led by Peak Ventures, participation from Pelion, Kickstart Seed.

-- Pulse Labs (Seattle, WA), platform to personal voice apps: $2.5M Seed led by Madrona Venture/ Techstars, Amazon Alexa Fund, Bezos Expeditions. From Amazon's Alexa accelerator.

-- Kadena (New York, NY), blockchain-based architecture for higher transaction speeds: $2.25M Pre-A from Metastable, Kilowatt, Coinfund, Multicoin.

--Data/Analytics--

-- Trifacta (San Francisco, CA), data wrangling and governance: $48M from Columbia Pacific, Deutsche Börse, Ericsson, Google, New York Life, Accel, Cathay Innovation, Greylock, Ignition, Ridge.

--Gaming--

-- Caffeine (Palo Alto, CA), independent platform for gaming live streaming: $46M from Andreessen Horowitz, Greylock Partners. CEO Ben Keighran was largely responsible for designing the Apple TV.

--Adtech/Martech--

-- Artefact (France), digital performance marketing agency: $18.7M from undisclosed sources. Is the product of a merger of Artefact and NetBooster.

-- Origami Logic (Mountain View, CA), marketing performance analytics company: $15.2M led by Viola Ventures, Saban Ventures.

-- Downstream.ai (San Francisco, CA), self-serve mobile programmatic advertising solution: $1.5M Seed led by London Venture Partners, participation from Olive Tree, Otter Consulting, Gramercy, Ride, Rising Tide, et al. CEO and co-founder Brendan Lyall spent 1.5 years at 500 Startups.

--Cleantech--

-- Organica Water (Indonesia), treatment and recycling of wastewater: $21M D led by CITIC Capital Silk Road Fund, participation from Idinvest, IFC, Gamma, WLR China Energy, RNK.

--AR/VR--

-- Virzoom (Cambridge, MA), VR fitness platform: $5.5M Seed from .Eric Janszen, Skywood, Eastham, Fairhaven, Equity Resource, Jon Goldman.

--Edtech--

-- Packback (Chicago, IL), online discussion platform for university curriculum usage: $4.2M A led by University Ventures, participation from Mark Cuban, Wintrust, Wildcat.

--Space--

-- Akash Systems (San Francisco, CA), light satellite systems: $3.1M Seed led by Khosla Ventures, participation from Social Capital, Data Collective, Ruvento, Sriram Krishnan, Backstage.

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--Goldilocks-- Prior to today's $21M Series B led by Sequoia Capital, NEXT Trucking raised a $5M Series A in March 2017, and a $1.1M
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--Funding Breakdown--

--Consumer Internet--

5 Deals: $396,000,000

--Biotech/Health--

6 Deals: $337,000,000

--Enterprise--

10 Deals: $241,000,000

--Fintech--

6 Deals: $161,700,000

--Industrial--

2 Deals: $113,300,000

--Dev--

6 Deals: $76,750,000

--Data/Analytics--

1 Deal: $48,000,000

--Gaming--

1 Deal: $46,000,000

--Adtech/Martech--

3 Deals: $35,400,000

--Cleantech--

1 Deal: $21,000,000

--AR/VR--

1 Deal: $11,500,000

--AR/VR--

1 Deal: $5,500,000

--Edtech--

1 Deal: $4,200,000

--Space--

1 Deal: $3,100,000

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