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Saturday, September 21, 2019

VC Deals Only. Weekend Edition. Strip District trucker safety startup closes on $8 million financing round

VC Deals

Firefly Health, a Boston, MA-based technology-powered concierge medicine service for average Americans, raised $10.2m in Series A funding round. The financing was led by F-Prime Capital and Oak HC/FT. In addition, athenahealth Co-founder and former Chief Executive Officer, Jonathan Bush, will serve as Executive Chairman. F-Prime Capital Partner Carl Byers and Oak HC/FT General Partner Nancy Brown will join the Board of Directors. More

Voyage, the autonomous vehicle startup that spun out of Udacity, announced Thursday it has raised $31 million in a round led by Franklin Templeton. Khosla Ventures, Jaguar Land Rover’s InMotion Ventures and Chevron Technology Ventures also participated in the round. The company, which operates a ride-hailing service in retirement communities using self-driving cars supported by human safety drivers, has raised a total of $52 million since launching in 2017.  More

Artificial intelligence is playing an increasingly large role in enterprise software, and Boston’s DataRobot has been helping companies build, manage and deploy machine learning models for some time now. Today, the company announced a $206 million Series E investment led by Sapphire Ventures. More

Themis has raised €40 million ($44 million). The Merck-backed series D positions Themis to take its chikungunya vaccine through a phase 3 trial and move the lead candidate from its immuno-oncology R&D program into humans.  More

A Strip District-based data and analytics company involved with trucker safety has closed on an $8 million Series A financing round. The financing round for Idelic Inc. was led by Origin Ventures with participation from TDF Ventures, Birchmere Ventures, Bain Capital Ventures and SaaS Venture Capital.  More


Normative, a startup that lets companies automate their carbon reporting — and in turn help them decrease their environmental footprint — has picked up $2.1 million in seed funding. Backing the Stockholm-based company is byFounders, with participation from SoundCloud co-founder Eric Wahlforss, Luminar Ventures and Wave Ventures. More


Versantis, a Zurich, Switzerland-based clinical-stage biotech company developing therapies for rare liver and pediatric diseases, closed a CHF16m Series B financing. The round was led by Swisscanto Invest by Zürcher Kantonalbank with participation from Esperante Ventures, investiere, existing investors Redalpine HealthEquity, and Zürcher Kantonalbank Start-up Finance. More

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New Funds 

As expectations from seed investors intensify, a new stage of investment has established itself earlier in the venture-backed company life cycle. Known as “pre-seed” investing, one of the first legitimate outfits to double down on the stage has refueled, closing its second fund on $77 million.  More


Most of the venture capital firms covered in TechCrunch and other tech publications compete for a spot on the cap table of the hottest Bay Area, New York or Los Angeles companies of the moment. Few seek out companies in Indianapolis, Milwaukee or Tampa. AOL co-founder and former chief executive officer Steve Case’s venture capital fund, Revolution, deploys capital to companies “outside of the hotbeds.”  More

ArcTern Ventures, a Toronto and Montreal, Canada-based venture capital firm investing globally in breakthrough clean technology companies addressing climate change and sustainability, held the second closing of its Fund II.  More

IPOs

Ping Identity Holding Corp. rose in its trading debut after raising $188 million in its U.S. initial public offering. The software company’s shares rose 34% to $20.11 Thursday in New York trading, giving the company a market value of $1.56 billion. The software company sold 12.5 million shares Wednesday after marketing them for $14 to $16 apiece.  More


Airbnb has said that it will have its initial public offering in 2020.The company is one of the last of the big unicorn herd that grew up roughly a decade ago (a herd that includes Uber, Lyft, The We Company and Postmates) to declare its public market intentions. More

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