Alastair Goldfisher
Sigma West and other firms are coming to the city, as deal activity soars and billion-dollar valuations become commonplace
Online trading marketplace Listia raised a $9 million Series round led by General Catalyst Partners. The Mountain View, Calif.-based company had previously raised about $2 million in seed funding from Andreessen Horowitz, SV Angel and other investors, including individuals Naval Ravikant and Max Levchin. As part of the Series A funding, Neil Sequeira, a partner at General Catalyst, will join the board.
In what is believed to be a likely run up to an IPO, Telogis has raised $93 million in a funding round led by Kleiner Perkins Caufield & Byers. The Aliso Viejo, Calif.-based company said that other, undisclosed investors also joined the round. As part of the funding, Ryan Popple, a partner at Kleiner Perkins, has joined the round.
The legal and medical marijuana industry is growing, and so is startup and investment interest in the sector.
Editor’s letter from Alastair Goldfisher
A visual look at how the volume of fundraising, deals, IPOs and M&A changed from July to August
San Francisco-based Rock Health, which operates an accelerator focused on digital health startups, announced today a partnership with AngelList to setup a fund for accredited investors to back the organization's graduating class of startups. More information about the 10 companies in the fifth and latest graduating class, which are on display today at Rock Health's headquarters, can be found here.
Healthcare records management company Practice Fusion, which is aiming to grow its healthcare platform, has raised a $70 million Series D round of funding led by Kleiner Perkins Caufield & Byers and institutional investors OrbiMed Advisors and Deerfield Management Co. Existing investors, including Artis Ventures, also participated in the round, which brings the total amount raised by the San Francisco-based company to $134 million. As part of the funding, Beth Seidenberg, general partner at Kleiner Perkins, has joined the company board.
Big data analytics company C9 has raised a $12 million Series D round of funding, giving it $40 million in total funding. The San Mateo, Calif.-based company, formerly known as Cloud9 Analytics, raised the round from existing investors Mayfield Fund, InterWest Partners and Leapfrog Ventures. Separately, the company announced Michael Howard as its new CEO.
Lift Labs, which is developing a spoon and other devices to help people with tremors, has raised $1 million in seed funding from Rock Health and undisclosed angel investors in Silicon Valley. The San Francisco-based company had previously raised $800,000 from the National Institutes of Health.