August 13, 2015
Today’s funding roundup is all about big numbers: the companies included raised over $300 million in combined investments and we also saw a new, $595 million venture fund in Denver. The biggest news is obviously Comcast investing into Vox Media, but the New Zealand startup View was able to bring in some serious capital thanks to their smart windows.
As always, if we missed anything feel free to drop us a line. If you would like our daily roundup delivered to your inbox signup here.
Comcast Invests $200 Million in Vox Media
It was announced that Comcast’s NBCUniversal will be making a $200 million investment into Vox Media. According to reports, this will up their stake in the digital media firm and create a partnership that helps them better connect with younger audiences. Comcast already owned about 14 percent of Vox, and this new equity investment will put Vox at a post-money valuation of around $1 billion.
Soothe Raises $10.6 Million
Soothe closed on $10.6 million in growth funding from The Riverside Company in an effort to fund future growth and expansion of their on demand, in home massage service. To date they’ve brought in $12.7 million in funding, and this new bout of funding will help them expand into 16 additional US and international cities within the next two years.
Who What Wear Raises an $8 Million Series B
Who What Wear, a fashion content and commerce site, has raised $8 million in Series B funding. Primary investors Amazon and Bertelsmann Digital Media Investments were joined by return backers Greycroft, Lerer Hippeau Ventures, Advancit Capital, Mesa Ventures, and Double M Partners.
Sarvint Technologies Hauls in a $6 Million Series A
Sarvint Technologies, an Atlanta based maker of “smart shirts” that use special fibers to detect and monitor body vital signs, has raised $6 million in Series A funding. CTW Venture Partners led the round, and was joined by Monta Vista Capital and Maxim Ventures. The company also signed a strategic agreement with Maxim Integrated Products to bring Sarvint’s products to market.
Front Row Raises $5.3 Million
Front Row Education provides gamified and data driven math education programs for K-8 students, and they announced a $5.3 million Series A round. In total there were three investing parties: Amasia, Harrison Metal, and Baseline Ventures.
HUVRData Brings in $2 Million
Coming out of Austin, HUVRData provides drone based data analytics. It’s an interesting concept that’s gotten the attention of angel investors from the Central Texas Angel Network, the Houston Angel Network, and the Texas HALO Fund. In total the company brought in $2 million in new funding.
View Raises $150 Million
The smart window startup, View, announced that they raised $150 million in funding from a New Zealand government fund, NZ Super Fund. The round was joined by Corning Inc and Madrone Capital Partners. The windows use a low voltage electrical current to reflect light, absorb light, tint, and untint to help building owners cut energy use and costs from heating, cooling, and lighting.
Excellere Partners Denver Creates Third Fund
Excellere Partners, a Denver-based private equity firm focused on partnering with middle-market entrepreneurs and management teams, has raised $595 million for its third fund, according to a regulatory filing.
Image Credit: Pixabay
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