September 14, 2015
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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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.
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.
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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