Blog Archive

Saturday, June 1, 2019

Special Weekend Edition: Sante Ventures a Healthcare & Life Science Fund closes at $250M

VC Deals Only

Cameo, a Chicago-based startup that lets fans pay for personalized videos from celebrities, is finalizing a Series B investment at around a $300 million valuation, Axios has learned from multiple sources. More

Just two years after it was founded, Brex Inc. is close to securing new funding at a valuation north of $2 billion, according to people familiar with the matter. The San Francisco-based startup -- whose main business is providing corporate credit cards to tech companies, startups and their employees -- had previously raised money at a $1.1 billion valuation just months earlier. More

Kustomer, a customer service startup that calls in data from multiple external channels and the software and apps that a company uses to manage its business internally and speak to customers externally, has raised a Series D of $40 million, led by Tiger Global, with participation from previous investor Battery Ventures.  More

AttackIQ says it has secured $17.6 million in a series B round led by Khosla Ventures, with participation from existing investors Index Ventures, Salesforce Ventures, and Telstra Ventures. This brings the company’s total raised to $35 million, and CEO Brett Galloway said the funds will be used to accelerate platform development, increase hiring across all teams, and expand field operations.  More

Roger, an accounting automation tool that runs on top of accounting software to automate various processes, has raised $7.35 million in Series A funding. Leading the round is QED Investors, with participation from 9Yards, Silicon Valley Bank, Financial Venture Studio and BootstrapLabs. A number of individual investors, including Dan Wernikoff, the former GM of QuickBooks and TurboTax, have also backed the Series A.
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Twaice, a Munich-based startup developing “predictive analytics” software to help with battery management in electric vehicles and other devices, has raised €2 million in additional seed funding. The round is led by Berlin’s Cherry Ventures, with participation by existing investors UVC Partners and Speedinvest. It brings the total raised at seed stage by the nine-month-old company — a spin out of Technical University of Munich (TUM) — to €3.2 million.  More

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New Funds

Santé Ventures, a healthcare and life sciences investment firm specializing in early-stage companies, announced Wednesday it has closed a $250 million fund. This is Santé Venture’s third fund, since its founding in 2006. The firm is based in Austin and has an office in Houston.  More

Maveron, a venture capital fund co-founded by Starbucks mastermind Howard Schultz, has closed on another $180 million to invest in early-stage consumer startups. The capital represents the firm’s seventh fundraise and largest to date. To keep the fund from reaching mammoth proportions, the firm’s general partners said they turned away more than $70 million amid high demand for the effort. More

IPOs

CrowdStrike, in preparation for its Nasdaq initial public offering, has inked plans to sell 18 million shares at between $19 and $23 apiece. At a midpoint price, CrowdStrike will raise $378 million at a valuation north of $4 billion.  More

Exits

At KubeCon last week in Barcelona, container security was a hot topic, so it shouldn’t come as a surprise that Palo Alto Networks announced today that it was buying container security startup Twistlock for $410 million.  More

Acquisitions

As part of its continuing efforts in healthcare, Apple has purchased Tueo Health, a small Redwood City based startup focused on monitoring asthma in sleeping pediatric patients. More

AI News

Remember that future we were promised where our vehicle magically tells us that we’re about to break down? Or actually never does? Or that the pickup truck arrives before the driver even knows something is wrong? That future is arriving. But like many things, the practical reality is that this technology starts to arrive in the fleet management industry before it arrives for consumers.  More

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