Ipsy Raises $100M, Penumbra Files Bay Area’s First IPO in a Month

September 14, 2015

3:11 pm

This week’s funding is starting off with a bang: not only do we have prominent names bringing in sizable amounts of funding, there’s also an IPO and acquisition. Personally, I think it’s really fun to see the impact that these companies can have on their local tech ecosystems and across bigger, national ecosystems as well.

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Funding

Planet3 Brings in $10 Million

Planet3, a Washington, DC based learning startup has raised $10 million in Series A funding. The funding came primarily from Switch, the Nevada based developer of the SUPERNAP Data Centers. Also, CEO of Swith Rob Roy will serve as Chairman of Planet3.

Ipsy Raises $100 Million

You’ve probably seen people on Facebook sharing details about their Ipsy Glam Bags, and it looks like that won’t be slowing down anytime soon. Ipsy announced that they’ve raised a $100 million Series B funding round, led by TPG Growth and Sherpa Capital. They’ve previously raised $3 million from investors 500 Startups and Crosscut Ventures, but this new Series B will undoubtedly take them to a whole new level.

HouseCall Nabs $6 Million

The two year old San Diego company HouseCall brought in $6 million from August Capital. No doubt about it, this funding will go a long way towards helping HouseCall take on and disrupt the ondemand home servies industry.

Body Labs Gets $4.1 Million

Body Labs specializes in 3D body visualization technology, and a recent SEC Filing indicates that they’ve raised $4.1 million in new funding. It’s a nice addition to their other funding round of $2.2 million from FirstMark Capital and New York Angels.

Argus Cyber Security Hauls in $26 Million

Coming out of Tel Aviv, Israel was news that Argus Cyber Security has raised a $26 million Series B funding round. Magna International, Allianz SE, and SBI Group all pitched in for the round with added support from Magma Venture Partners, Vertex Venture Capital, and RAD Group cofounder Zohar Zisapel.

XOR Data Exchange Raises $4.2 Million

XOR Data Exchange calls Austin, Texas home, and they’re working on permission-based data exchanges. They’ve caught the eye of Fenway Summer Ventures, Chicago Ventures, and KGC Capital, who all pitched in on their Series A funding round worth $4.2 million.

IPO

Penumbra Files for IPO

According to the Silicon Valley Business Journal, Penumbra’s IPO is the first Bay Area IPO that’s surfaced in the last month. The medical device company is hoping to raise up to $122.4 million in an offering expected to price later this week – we’ll keep you posted.

Acquisition

Practo Buys Insta Health

Practo focuses their efforts on connecting patients with doctors and clinics via a medical search portal. The Bangalore based company recently raised $90 million in Series C funding and was beyond excited to announce that they’ve officially acquired the healthcare management firm InstaHealth in a $12 million deal, who previously raised $1.3 million in Series A funding.

Image Credit: Wikipedia 

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Will is a Senior Writer with Tech.Co, based out of America's Finest City: San Diego. He covers all territory West of the Mississippi river, digging deep for awesome local entrepreneurs, companies, and ideas. He's the resident Android junkie and will be happy to tell you why you should switch to the OS. When he's off the clock, Will focuses his literary talent on the art of creative writing...or you might find him surfing in Ocean Beach. Follow Will on Twitter @WJS1988

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