Inside Venture Capital - March 22nd, 2018 |

Inside Venture Capital (Mar 22nd, 2018)

Funding Roundup: $2,248,975,000 Invested in 47 Deals

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Today's Goldilocks features Julia Computing's co-founder and CEO Viral Shah, who spoke to us about the particularities of raising funding as a company developing an open-source coding language, and how he managed to secure a $4.2M seed round co-led by General Catalyst and Founder Collective.

--VC Reads--

-- One Order of Operations for Starting a Startup: YC co-founder Michael Seibel discusses all the technical issues that come after a great idea.

-- 50 Big Companies that Started with Little or No Money: Founder Collective rattles off how their strategies eventually made them successful.

-- a16z Podcast: On Morals and Meaning in Products, Business, Life. (Audio)

-- Spotify's First Investor On Why the Company’s Unusual IPO Makes Sense: Fortune interviews Pär-Jörgen Pärson from Northzone.

-- Commentary: How Silicon Valley Can Help Fix Our Health Care System.

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-- Edianzu (Beijing, China), office supply leasing platform: $320M C led by Source Code Capital, participation from Shunwei, Matrix, Aplus, Koala Fund.

-- City Storage Systems (Los Angeles, CA), repurposing of distressed real estate assets: $150M from Travis Kalanick. Kalanick will take over the company from previous CEO Diego Berdakin.

-- KeepTruckin (San Francisco, CA), electronic logs and fleet management platform for the trucking: $50M C led by IVP, participation from Scale, Index, GV. CEO and co-founder Shoaib Makani invested in Instacart and Indiegogo, among others, while he was an investor with Khosla Ventures.

-- Clari (Sunnyvale, CA), AI-based sales platform to focus attention and prevent pipeline collapse: $35M C led by Tenaya Capital, participation from Thomvest, Blue Cloud, Sequoia, Bain, Northgate.

-- Chargebee (Chennai, India), SaaS subscription management and recurring billing platform: $18M C led by Insight Venture Partners, participation from Accel, Tiger.

-- AllyO (Sunnyvale, CA), customizable AI recruitment platform: $14M led by Bain Capital Ventures, participation from Cervin, Gradient, Randstad.

-- Xinrenxinshi (Beijing, China), HR management platform: $13.5M B led by Alpha Startups, participation from Sequoia.

-- Upkeep Maintenance (Los Angeles, CA), collaboration and maintenance app for facility management: $10M A led by Emergence Capital. Graduated YC Winter 2017, and now boasts 50K technicians. CEO and founder Ryan Chan was named to Forbes’ 30 Under 30.

-- Umuse (Austin, TX), workplace communication platform combined into Facebook-like feed: $5M Seed from Shasta, Next Coast, Floodgate.

-- CaliberMind (Boulder, CO), B2B data collection and customer targeting self-service platform: $3.2M Seed led by Newark Venture, Buran VC.

-- ZineOne (Milpitas, CA), platform allowing banks and retailers to engage their customers in real time: $2.5M A led by Omidyar Network, participation from Harvard Business School Alumni Angels, Touchstone, Hyderabad Angels, Golden Seeds.

-- Vangst (Denver, CO), cannabis jobs marketplace: $2.5M led by Lerer Hippeau, participation from Casa Verde. CEO and founder Karson Humiston was named to Forbes’ 30 Under 30.

-- Align Technologies (New Orleans, LA), SaaS business operating system for accountability and company priorities: $2.175M A from undisclosed sources.


-- Oxford Nanopore (Oxford, UK), portable real-time DNA/RNA sequencer: $141M from GIC, China Construction Bank International, Hostplus.

-- TCR2 (Cambridge, MA), TCR-based cancer therapies: $125M B led by 6 Dimensions Capital, Curative Ventures, participation from Redmile, ArrowMark, Hillhouse, MiraeAsset, Syno, Haitong International, Lucion, Sirona, Alexandria, et al.

-- Joyn Bio (Boston, MA), microbes engineering for taste for food industry: $100M from Viking Global, Bayer, Gingko. Is a joint venture between Bayer and Gingko.

-- Tempus Labs (Chicago, IL), data collection using gene-sequencing services for cancer patients: $80M led by T. Rowe Price, participation from NEA, Brad Keywell, Revolution, et al. Reached unicorn status and has raised $210M to date. CEO Eric Lefkofsky also founded and headed Groupon.

-- ArcherDX (Boulder, CO), NGS-based gene fusion detection assays: $35M A led by Boulder Ventures, PBM Capital Group, participation from Longwood, Peierls Foundation.

-- CareWorx (Ottawa, Canada), managed services for mid-market and senior care: $17M from Kayne Partners.

-- Elligo Health (Austin, TX), platform to accelerate clinical research: $16M B led by Hatteras Venture Partners, Noro-Moseley Partners, participation from FS Healthcare, Excelerate, Shumway, et al.

-- Neurotrack (Redwood City, CA), digital memory health platform: $13.7M B led by Sozo Ventures, participation from Marc Benioff, Khosla, Founders Fund, Social, AME Cloud, Rethink Impact.

-- Eden Health (New York, NY), personal health platform for employees: $4M Seed led by Greycroft Partners, participation from Piper Jaffray, Max, 645.

-- Cernostics (Pittsburgh, PA), cancer diagnostics: $2.1M A1 led by Illumina Ventures.


-- Wecash (Beijing, China), onlien credit rating platform: $160M D led by Orix Asia Capital, SEA Group, participation from SIG, Forebright, Lingfeng, Hongdao.

-- eToro (London, UK), social network focusing on investment and cryptocurrencies: $100M E led by China Minsheng Financial, participation from SBI, Korea Investment, World Wide Invest, et al. Joined the London Stock Exchange’s ELITE program.

-- CommonBond (New York, NY), platform for student loans: $50M D led by Fifth Third Capital Holdings, participation from First Republic Bank, Columbia Seligman Investments, Neuberger Berman, August, Nyca, Vikram Pandit, Tom Glocer.

-- Paymerang (Richmond, VA), enterprise-grade electronic payments: $26M from Aldrich Capital Partners.


-- 17Zuoye (Beijing, China), online k-12 education platform: $250M E led by Temasek, participation from CITIC, Shunwei.


-- Feedback Infra (India), infrastructure management and maintenance: $105M PE Aldrich Capital Partners.

-- Mark43 (New York, NY), public safety platform: $38M C led by General Catalyst, Jim Breyer, participation from Spark, Sound, Bezos Expeditions, Goldman Sachs, David Petraeus, Innovation Endeavors, Govtech Fund, SV Angel.


-- Sift Science (San Francisco, CA), AI-based fraud prevention and risk management: $53M D led by Stripes Group, participation from Union Square, Insight, Spark.

-- Virsec (San Jose, CA), protection from within applications: $24M B led by BlueIO, participation from Artiman, Amity, Raj Singh, Boston Seed.

-- Dessmann (Stuttgart, Germany), biometric door lock: $16M B from Red Star Macalline, Share, Hotata.

-- Averon (San Francisco, CA), mobile identity verification standard: $13.3M led by Marc Benioff.


-- ScaleFlux (San Jose, CA), computation storage for data center scaling: $25M B led by Shunwei Capital.

-- Fauna (San Francisco, CA), :NoSQL database for mission critical data $25M A from Capital One, GV, Point72, Afore, Costanoa, LINE, NHN, Naver.

-- OpenSignal (London, UK), network speed data collection platform: $8M led by Octopus Ventures, participation from Qualcomm, O’Reilly AlphaTech, Passion.

--Consumer Internet--

-- LOOK (Beijing, China), online fashion e-discovery/commerce platform: $22M A led by GGV, Fengshion, participation from Ceyuan, PurpleSky, Zhencheng.

-- Lvji (Guangzhou, China), audio travel guide app: $19M B from Qianhai Fund of Funds, Pufeng Fund.

-- CoEdition (New York, NY), e-commerce for women's fashion above size 10: $4M Seed led by NEA, participation from General Catalyst, Primary, BBG.

--AI/Machine Learning--

-- Mythic (Austin, TX), AI chip to turn devices into local AI intelligent assistants: $40M B led by SoftBank Ventures, participation from DFJ, Lux, Data Collective, AME Cloud, Lockheed Martin Ventures, Andy Bechtolsheim.


-- Nox (Beijing, China), programmatic advertising tech: $31.6M B led by Garena, Everest Ventures, Y&R Capital.


-- Pairwise (San Diego, CA), gene-editing tech for crops: $25M A led by Garena, Everest Ventures, Y&R Capital.


-- Burrow (New York, NY), modular furniture: $14M A led by NEA, participation from Correlation.

-- Rachio (Denver, CO), smart home irrigation and sprinkler platform: $10M B led by Eastside Partners, Bonaventure Capital, participation from Amazon Alexa.


-- Blackmore Sensors (Bozeman, MO), frequency-modulated continuous wave lidar: $18M B led by BMW i Ventures, participation from Toyota AI, Millennium Technology Value, Next Frontier.


-- CryptoKitties (San Francisco, CA), virtual collectible kitten game: $12M led by Andreessen Horowitz, Union Square Ventures, participation from Naval Ravikant, Mark Pincus, Fred Ehrsam.

--Goldilocks-- 1. What was the inspiration for Julia Computing? Were there any personal situations you encountered that gave you the

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--Funding Breakdown--


13 Deals: $625,875,000


10 Deals: $534,200,000


4 Deals: $336,000,000


1 Deal: $250,000,000


2 Deals: $143,000,000


4 Deals: $106,300,000


3 Deals: $58,000,000

--Consumer Internet--

3 Deals: $45,000,000

--AI/Machine Learning--

1 Deal: $40,000,000


1 Deal: $31,600,000


1 Deal: $25,000,000


2 Deals: $24,000,000


1 Deal: $18,000,000


1 Deal: $12,000,000

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