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[ Inside Venture Capital ]

The latest deals, news, and firms in venture capital

--VC Reads--

-- Does Your Company NEED to Exist??: Serial entrepreneur Josh Felser discusses the VC thought process, and the toughest question founders need to ask themselves.

-- TV, retail, advertising and cascading collapses: Benedict Evans, spokesperson for Andreessen Horowitz, discusses the implications of cable cutting.

-- World’s Most Admired Companies: Fortune releases its list.

-- Goldman predicts rise in payments M&A in 2018: Reuters reports.


--Enterprise--

-- Lendix (Paris, France), loans for SMEs: $240M Debt from EIB, CNP, Eiffel IM, Groupama, Zencap AM, Matmut, Decaux Frères Investissements.

-- eStruxture (Montreal, Canada), network and cloud-neutral data center solutions: $180M from Fengate Real Asset Investments, Caisse de dépôt et placement du Québec, Canderel, Scotiabank, National Bank of Canada, Investissement Québec.

-- PacketFabric (Culver City, CA), SDN-based network architecture and optical and packet switching: $25M B led by NantCapital.

-- KNX (Shanghai, China), HR solutions: $23.4M B+ led by Legend Capital.

-- Restaurant365 (Irvine, CA), back office and reporting solution for restaurants: $20M A from Bessemer Venture Partners.

-- Easy Carry (Shanghai, China), international logistics platform: $18.8M A from Xianghe, SIG, Peeli.

-- Pioneer Square Labs (Seattle, WA), startup accelerator: $15M led by Foundry Group, participation from Bezos Expeditions, Greycroft, Madrona, Maveron, Menlo, MHS, Sinclair, Techstars, Trilogy, True, Voyager, Vulcan, et al.

--Fintech--

-- defi Solutions (Grapevine, TX), software for loan industry: $55M C from Bain Capital Ventures.

-- Varo Money (San Francisco, CA), mobile banking app: $45M B led by Warburg Pincus, The Rise Fund.

-- Visible Alpha (New York, NY), distribution network and analytics for asset managers: $38M led by Goldman Sachs/ Banco Santander, Santander InnoVentures, Exane BNP Paribas, Macquarie Group, Royal Bank of Canada, Wells Fargo, Bank of America, Citi, Jefferies, Morgan Stanley, UBS.

-- ForUSAll (San Francisco, CA), 401(k) advisor platform: $21M led by Ribbit Capital, participation from Foundation.

-- Finexio (Orlando, FL), B2B payment network API: $4M A led by James R. Heistand, participation from Florida Funders, Loeb.nyc, Zach Coelius, Mobile Financial Partners, et al.

--Consumer Internet--

-- Gunlei (Beijing, China), platform to import cars into China: $78M from Cosco.

-- ShareChat (Bengaluru, India), vernacular-based chat app: $18.2M B from Xiaomi.

-- Horizn (Berlin, Germany), smart luggage: $14.5M A led by Perpetual Ventures, participation from Project A, Vorwerk, Monkfish Equity, U-Start, et al.

-- Highsnobiety (Berlin, Germany), fashion, streetwear, and culture blog: $8.5M led by VC Felix Capital.

-- Floyd (Detroit, MI), online furniture company: $5.6M A from Beringea. Opened partnership with Airbnb to put pieces in select, design-led listings.

--Biotech/Health--

-- Pandion (Cambridge, MA), bispecific antibody therapeutics for localized immunomodulation: $58M A led by Polaris Partners, Versant Ventures, Roche Venture Fund, participation from SR One, BioInnovation.

-- Bio-Optonics (Rochester, NY), healthcare software: $30M from Mainsail Partners.

-- Emmaus (New York, NY), treatments for sickle cell diseases: $30M Debt from GPB.

-- NurseGrid (Portland, OR), healthcare scheduling and staffing: $5.7M led by Hatteras Venture Partners, participation from Excelerate Health, Toba, HealthBox, Portland Seed Fund. 

--Real Estate--

-- Apartment List (San Francisco, CA), online apartment rental marketplace: $50M C led by John Burbank, participation from Allen & Company, Canaan, Industry, Matrix, Quantum, Soros Fund Management LLC, Tenaya, WTI. Has numerous partners, including with Facebook Marketplace.

-- Ollie (New York, NY), luxury co-living spaces: $15M led by Aviva Investors Real Estate Capital, participation from Texas Employees Retirement System, The Moinian Group.

-- Roofstock (Oakland, CA), online marketplace for buying, owning and selling single-family rental homes: $7M C from SVB Capital, Asia Pacific Land, et al.

--Data/Analytics--

-- BusinessBigData (China), big data analytics for financial services: $18.8M C led by Smallville Capital.

-- Eyeota, audience analytics for publishers and data suppliers: $12.5M B led by Jolt Capital SAS, participation from Project A, Qualgro.

--Industrial--

-- Iris Automation (Vancouver, Canada), automated sensing for industrial drone collision prevention: $8M A led by Bessemer Venture Partners, participation from Bee. Graduacted from YC.

-- Shoof (Sunnyvale, CA), wireless networks for industrial IoT: $4.3M Seed led by Kleiner Perkins Caufield Byers, Modiva Japan.

--Cybersecurity--

-- Yoti (London, UK), app to allow people to prove identity in digital transactions: $11M from Robin Tombs, Noel Hayden, et al.

--AI/Machine Learning--

-- Techcyte (Orem, UT), whole slide image analysis based on deep learning: $4.3M from undisclosed sources.

-- Indico (Boston, MA), unstructured content challenge-solving AI: $4M Seed led by Osage Venture Partners, participation from .406, Boston Seed, Hyperplane.

--Gaming--

-- City State Entertainment (Fairfax, VA), massive multiplayer role-playing games: $7.5M led by Mythic Entertainment, participation from GF Capital.


--VC Refresher-- Uber and SoftBank have finalized the long-talked-about deal, making the latter the largest stakeholder in the forme
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Why haven't webcams evolved in the past 20 years? With the Meeting Owl by Owl Labs, they have.

In the words of Inside CEO Jason Calacanis: “The Meeting Owl is a game changer. It’s a 360-degree camera that focuses on people as they speak. When you run your next meeting with the Meeting Owl you’re going to have your mind blown.” To see what all the fuss is about, check out the Meeting Owl today.


Check out the Meeting Owl and see what the fuss is all about.


--VC Reads--

-- Sequoia and Seed Investing: Sequoia early-stage partner and former Facebook VP Mike Vernal discusses the company’s strategy in anticipation of Scout Seed III.

-- A Deep Dive into Elon Musk’s Investments: Tech writer Alex Graham breaks down the tech legend’s strategy to fund his own, and other, companies.

-- Beyond The Bitcoin Bubble: Fred Wilson of Union Square Ventures (Twitter, Tumblr) points to an article to help explain what happens after the currency collapses.

-- Bitcoin Storms Back From Dip Below $10,000 in White-Knuckle Ride: Bloomberg reports.

-- These Are the Biggest Risks for Businesses in 2018, According to the World Economic Forum.


--Consumer Internet--

-- Ziroom (Beijing, China), apartment rental services: $621M A led by Warburg Pincus, participation from Sequoia, Tencent, et al.

-- Caocao Zhuanche (Hangzhou, China), ride-hailing platform using electric vehicles made by Geely: $156M A from undisclosed sources.

-- Wattpad (Toronto, Canada), multiplatform entertainment: $51M from Tencent, BDC, Kickstart, Peterson Group, Raine.

-- Omni (San Francisco, CA), storage option for consumers with limited home space: $25M from Ripple. 

-- Jump Bike (New York, NY), electric bike sharing platform: $10M led by Menlo Ventures, participation from Sinewave, Esther Dyson, SOSV, OurCrowd. Is also active and San Francisco and Washington DC.

-- Closetbox (Denver, CO), on-demand storage facilities with transportation service: $7.3M A from undisclosed sources.

-- Finery (New York, NY), online purchase aggregator for women's fashion: $5M Seed led by NEA, participation from Farfetch, BBG, C, Correlation, Next Coast, Halogen, Cotter Cunningham, Carly Zakin, Danielle Weisberg.

--Enterprise--

-- BingoBox (China), unmanned convenience store operator: $80M B led by Fosun Capital, participation from Prometheus, Qiming, GGV, Ventech.

-- Grove Collaborative (San Francisco, CA), online retail channel for natural home care products: $35M C led by Norwest.

-- Redwood (Bracknell, UK), communications technology and cloud contact centre solutions: $34.6M from Scottish Equity Partners.

-- Usermind (Seattle, WA), data-based customer experience personalization: $23.5M C led by Northgate Capital, participation from Andreessen Horowitz, Menlo Ventures, CRV.

-- Bringg (Tel Aviv, Israel), delivery logistics for enterprise: $22M B from Dr. Shmuel Harlap, Eyal Ofer, Salesforce, Aleph, Cambridge, Coca-Cola, Ituran, Pereg.

-- Centerity (Boston, MA), BSM solutions for IT and IoT environments: $10M from Merlin International.

-- Scaleworks (San Antonio, TX), enterprise growth strategies: $10M from undisclosed sources. Has acquired eight companies through its $60M venture fund initiative.

-- Unitas Global (Los Angeles, CA), enterprise cloud environments: $10M led by Boathouse Capital, participation from MK, Azure.

-- Peerfit (Tampa, FL), platform for insurers and employers to offer fitness/wellness services: $8M B from Jeff Vinik, Lee Arnold, Bob Smith.

-- LumaTax (Seattle, WA), tax compliance platform for small businesses: $3M led by Cowboy Ventures, participation from Madrona, Greycroft, Vulcan.

-- Hyr (New York, NY), platform to connect temporary workers with companies seeking to fill shifts on-demand: $1.3M led by Flybridge Capital Partners, participation from XFactor, Newark.

--Fintech--

-- Ledger (Paris, France), secure hardware wallet for cryptocurrencies: $75M B led by Draper Esprit, participation from FirstMark, Cathay, Korelya, CapHorn, GDTRE, Digital Currency Group. CEO Eric Larcheveque is a five-time entrepreneur.

-- Folio (Tokyo, Japan), online asset management platform: $63M A2 from Line, Goldman Sachs, Dentsu, Mitsui & Co, SMBC, DCM, Draper Nexus.

-- Dutch Finance (France), varied financial services: $36.6M led by Pieter Schoen.

-- Razorpay (Bengaluru, India), enterprise, consumer, etc. online payment solutions: $20M B led by Tiger Global, Y Combinator, participation from Matrix.

--Industrial--

-- C3 IoT (San Francisco, CA), industrial IoT: $100M from TPG Growth. CEO Thomas Siebel spent over 12 years as the CEO of Oracle subsidiary Siebel Systems.

-- Seurat (Boston, MA), industrial metal printers: $13.5M A led by True Ventures, participation from GM, Porsche SE, next47, Maniv Mobility.

-- Connected2Fiber (Boston, MA), SaaS platform for market engagement from B2B buyer: $8M A from Ascent, Nauta, NXT, Osage.

-- Bigleaf Networks (Portland, OR), loud-first intelligent networking for cloud performance: $4.9M led by GoAhead Ventures, participation from Oregon Angel, Portland Seed, Seattle Angel.

--Biotech/Health--

-- HalioDx (Marseille, France), tumor microenvironment analysis: $22.6M B from PSIM, Quest for Growth, MI Care, Sham Innovation Santé/Turenne, BNP Paribas, Sofipaca.

-- CareDox (New York, NY), pediatric care for K-12 schools: $16M B led by AI Life Sciences Investments, 7wire Ventures, participation from Digitalis, Prolog, StartUp, Wanxiang.

-- Carmot (Berkeley, CA), chemotype evolution-based therapeutics: $15M B led by Horizons Ventures, The Column Group, participation from Jerome Dahan, et al.

-- Owkin (New York, NY), information exchange platform for drug development: $11M A led by Otium Venture, participation from Cathay Innovation, Plug and Play, NJF.

-- Anandia (Canada), cannabis analytics, testing, and genetics: $10.7M from undisclosed sources.

-- Carterra (Salt Lake City, UT), label-free biosensor: $10M from Telegraph HIll.

-- Sparta Science (Menlo Park, CA), injury prediction/prevention/recovery time improvement: $7M A led by Playground Global.

-- Sandstone (Livermore, CA), medical device to report on men's reproductive health: $5.8M A1 from Astia Angels, Hunt Holdings, DPW Holdings, et al.

-- Tissue Analytics (Baltimore, MD), wound and skin care solutions: $5M A led by DigiTx Partners, participation from Tencent, Dreamit, Molnlycke, Intermountain, Penn Medicine.

--Robotics--

-- Rokid (China), family service robots: $100M led by Temasek, participation from Credit Suisse, CDIB, IDG.

--Cybersecurity--

-- Anomali (Redwood City, CA), threat intelligence platform for organizations: $40M D led by Lumia Capital, participation from Deutsche Telekom, Telstra, Sozo, GV, General Catalyst, IVP, Paladin.

-- Vdoo (Tel Aviv, Israel), IoT security platform: $13M led by 83North, participation from Dell, David Strohm, Joe Tucci, Victor Tsao, et al.

-- Baffle (Santa Clara, CA), application data protection: $6M A led by Envision Ventures, participation from ServiceNow, Thomvest, Industry, True, Engineering Capital.

--Dev--

-- CircleCI (San Francisco, CA), continuous integration and delivery platform: $31M C led by Top Tier Capital Partners, Industry Ventures, Heavybit, participation from Scale, Baseline, Harrison Metal, DFJ.

--Cleantech--

-- Bridgely (Mountain View, CA), AI-based analytics for energy/utilities companies/customers to reduce usage: $27M C led by Georgian Partners, participation from Khosla, E.ON, innogy.

--Foodtech--

-- Urban Remedy (Point Richmond, CA), non-GMO, plant-based foods: $17M B led by 301 INC.

--AI/Machine Learning--

-- Babblabs (San Jose, CA), neural network-based speech processing: $4M Seed led by Cognite Ventures, participation from Jerry Yangm, John Hennessy, Harvey Jones, James Hogan, Kurt Keutzer.


--Goldilocks-- Construction platform HoloBuilder, which uses 360° and AI to document progress for project management, raised a $2.25
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--M&A/IPO/New Funds-- --M&A-- -- Southeast Asian ride hailing startup Grab acquires mobile payment provider iKaaz, terms
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--Funding Breakdown--

--Enterprise--

8 Deals: $558,200,000

--Fintech--

5 Deals: $163,000,000

--Consumer Internet--

5 Deals: $124,800,000

--Biotech/Health--

4 Deals: $123,700,000

--Real Estate--

3 Deals: $72,000,000

--Data/Analytics--

2 Deals: $31,300,000

--Industrial--

2 Deals: $12,300,000

--Cybersecurity--

1 Deal: $11,100,000

--AI/Machine Learning--

2 Deals: $8,300,000

--Gaming--

1 Deal: $7,500,000


--Funding Breakdown--

--Consumer Internet--

7 Deals: $875,300,000

--Enterprise--

11 Deals: $237,400,000

--Fintech--

4 Deals: $194,600,000

--Industrial--

4 Deals: $126,400,000

--Biotech/Health--

9 Deals: $103,100,000

--Robotics--

1 Deal: $100,000,000

--Cybersecurity--

3 Deals: $59,000,000

--Dev--

1 Deal: $31,000,000

--Cleantech--

1 Deal: $27,000,000

--Foodtech--

1 Deal: $17,000,000

--AI/Machine Learning--

1 Deal: $4,000,000


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--VC Reads--

-- History of Tech Companies — The Ultimate List of Books: Divante CEO Tom Karwatka begins his list in the late 60’s, moving up by decade to contemporary sources.

-- Trying to make sense of 10 years worth of SaaS funding data, in 14 simple charts: Point Nine Capital’s Christoph Janz (Zendesk) breaks things down by round and geography.

-- Why Uber Needs to Take the High Road to an IPO: Bloomberg’s QuickTake reports.

-- AngelList launches Syndicates in India: It now operates in the US, Canada, and India.


Jason meeting owl 1

Telepresence robots are out. The Meeting Owl is in.

Inside CEO Jason Calacanis: “The Meeting Owl is a game changer. It’s a 360 degree camera that focuses on people as they speak. When you run your next meeting with the Meeting Owl you’re going to have your mind blown.”

Check out the Meeting Owl and see what the fuss is all about.


--Funding Breakdown--

--Enterprise--

4 Deals: $686,300,000

--Agtech--

1 Deal: $240,000,000

--AI/Machine Learning--

2 Deals: $138,000,000

--Biotech/Health--

4 Deals: $111,000,000

--Consumer Internet--

3 Deals: $91,000,000

--Industrial--

2 Deals: $46,000,000

--Cybersecurity--

1 Deal: $19,000,000

--Fintech--

2 Deals: $17,000,000

--Gaming--

1 Deal: $10,000,000


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How likely are you to recommend Inside VC to a friend or colleague?           


--VC Reads--

-- What a Time to Be Alive…: Bryce Roberts (Foursquare, Bit.ly) discusses gumption and being unfundable.

-- We Don’t Talk Enough About Money In Silicon Valley. No, Really: Hunter Walk (Angellist, Shyp, Lever) brings up the five conversations about finances he has never had with anyone in the Valley.

-- YC Bio: Y Combinator’s Sam Altman announces the accelerator’s new biotech program.

-- Commentary: The Trend That’s Killing Startup Innovation: Fortune discusses M&A.


--Enterprise--

-- Rivigo (Gurgaon, India), logistics firm: $900M D led by SAIF, participation from Warburg Pincus, et al.

-- Pagoda (China), fruit store chain: $230M B from CICC, Co-stone, Source Code, Yuexius, et al.

-- WeWork India (Bengaluru, India), co-working spaces: $15.6M from Embassy Group.

-- Elliot (San Francisco, CA), online/offline sales platform for global retail brands: $3M from Bowery Capital, Susa Ventures. Acceleprise, Bam, Flexport, SV Angel.

-- HelloTeam (Boston, MA), employment engagement and talent management platform: $2.7M from Bain, Osage, VT Technology, et al.

-- Unreel.me (Santa Monica, CA), OTT distribution video player apps and sites for publishers: $1.5M A led by Michael Kelly, participation from Digital Ignition, Vineyard Point, Poise, et al.

--Agtech--

-- Meicai (Beijing, China), platform for farmers to sell vegetables directly to restaurants: $450M from Tiger, China Media. Investment made at $2.8B valuation.

--Biotech/Health--

-- Braeburn (Princeton, NJ), solutions for opioid abuse: $110M led by Wellington Capital Management, participation from Avista, RA, New Leaf, Deerfield, Rock Springs, Apple Tree.

-- Stimwave (Pompano Beach, FL), neuromodulation device for treating chronic pain: $50M from undisclosed sources.

-- Kintor (China), anti-androgen receptors medication, and other therapies: $44M led by Shenzhen Green Pine, participation from Oriza, HighLight, CCB, Broad Resources, Orient.

-- Evive (Chicago, IL), enterprise health benefits platform: $43M from Susquehanna Growth.

-- SmithRx (San Francisco, CA), pharmacy customer experience platform: $9M A led by Founders Fund, participation from Blumberg, NextGen, Box Group.

-- Forest Devices (Pittsburgh, PA), stroke screening technology: $2.3M Seed led by GOOSE angels, participation from IW, et al.

-- Ovation.io (Cambridge, MA), clinical laboratory information and commercialization platform: $1.85M led by StageDotO, Longfellow Ventures.

--Fintech--

-- Cadre (New York, NY), platform for institutional real estate investments: $250M from Goldman Sachs.

--Consumer Internet--

-- Hupu (China), online sports information, retail and social platform: $95M E from CICC.

-- Chronext (London, UK), online P2P luxury watch trading and services platform: $34M from Endeit, Tengelmann.

-- Voyage (US), autonomous car ride-sharing service: $3M from InMotion, Khosla, SV Angel, Initialized, Amino, Charles River. Will begin testing in CA in 2018.

-- Outside Financial (Richmond, VA), online platform to explain auto purchasing and financing: $1.5M Seed led by Seven Turns.

--Robotics--

-- minuteKEY (New York, NY), self-service key duplication kiosks: $83M from undisclosed sources.

-- Diligent Robotics (Austin, TX), autonomous hospital service robot for logistics tasks: $2.1M Seed led by True Ventures, participation from Pathbreaker, Boom, Next Coast. To launch pilot program in 2018.

--Foodtech--

-- Manna Foods (Chennai, India), health foods: $23.8M from Morgan Stanley.

--Cleantech--

-- Solaria (Fremont, CA), solar module technologies: $23M from Presidio, Kline Hill, Structural.

--AI/Machine Learning--

-- Unbabel (Lisbon, Portugal), scalable natural language processing and neural machine translation APIs: $23M from Caixa, Funders Club, Scale, Notion, Microsoft, Salesforce, Samsung NEXT. Graduated YC'14 Winter Batch.

--Edtech--

-- Ellevation (Boston, MA), english language learning platform: $10M B led by Reach Capital, participation from Chan Zuckerberg, Omidyar, et al.

-- Thinkful (New York, NY), online mentor-based code learning platform: $9.6M A led by Owl Ventures, participation from Tribeca.

--Industrial--

-- MLog Tianqijia (China), commercial weather service platform: $18M B led by Dongfang Hongdao Capital, Lan Fund, participation from PICC, Zhencheng, Weiran.

--Cybersecurity--

-- Nozomi (San Francisco, CA), cybersecurity and operational visibility for industrial control systems: $15M B led by Invenergy Future Fund, participation from THI, GGV, Luxm, Planven.

-- CryptoMove (Walnut Creek, CA), decentralized datastore for data protection: $6M A led by Social Capital.

--Gaming--

-- G:loot (Sweden), esports platform: $12M from Swedbank Robur, et al.

--Dev--

-- Fritz (Boston, MA), platform enabling machine learning algorithms on mobile apps: $2M Seed led by Eniac Ventures, participation from Uncork, Hack VC.


Owlclip

Why haven't webcams evolved in the past 20 years? With the Meeting Owl by Owl Labs, they have.

In the words of Inside CEO Jason Calacanis: “The Meeting Owl is a game changer. It’s a 360-degree camera that focuses on people as they speak. When you run your next meeting with the Meeting Owl you’re going to have your mind blown.” To see what all the fuss is about, check out the Meeting Owl today.

Check out the Meeting Owl and see what the fuss is all about.


--VC Refresher-- Late Thursday afternoon, Facebook CEO Mark Zuckerberg wrote a post detailing his concerns regarding the way custome
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Email x1 screen shot 2018 01 14 at 13.44.47

This week's funding, $4,114,950,000, comes in $1.4B above the last year's average and $1.5B over its median.


--M&A/IPO/New Funds-- --M&A-- -- Alphabet acquires UK-based maker of haptic feedback for speakers Redux, terms undisclose
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