Tech Weekly Newsletter: October 23, 2016

Last week today

  • 10/16 – Daphni, a Paris-based seed and Series A firm, has raised a $165M fund (TechCrunch)
  • 10/16 – K Fund has launched a new €50M venture capital fund to invest in early stage Spanish start-ups (TechCrunch)
  • 10/17 – Disney and Salesforce both dropped out of bidding for Twitter partially due to its image and concerns over hate speech (Bloomberg) (Business Insider)
  • 10/17 – Bloomberg has a detailed report on Apple’s plans to scale back its automotive ambitions over the course of the last few years (Bloomberg)
  • 10/18 – The reviews on Google’s new phone have been universally positive as the Company’s stock hits an all-time high (Business Insider)
  • 10/18 – Snapchat wants to pay its media partners upfront and keep the share of advertising revenue for themselves. This is the latest move by the Company that follows a path to becoming more like a television network (Re/Code)
  • 10/18 – Qualtrics has taken another step closer to its IPO by hiring a new COO, Zig Serafin, a 17 year veteran of Microsoft (Fortune)
  • 10/18 – Juicero, the maker of $700 dollar juicers that has raised $90M+, hired a new CEO. Jeff Dunn, formerly President of Coca-Cola North America, is taking over for founder and CEO Doug Evans (Business Insider)
  • 10/19 – Colin Powell’s hacked emails revealed a list of acquisition targets for Salesforce (where Powell is a board member) from May that included LinkedIn (listed as “In Exclusivity”), ServiceNow (“Meeting in Late May”) and Tableau (“In Play”). Interestingly, Box and Zendesk are listed as “CEO has no interest” (WSJ $) (PPT). Reuters also reported that Tableau had worked with an investment bank on a potential acquisition (Reuters)
  • 10/19 – Google has signed CBS and is in talks with other companies on its new web TV service (USA Today)
  • 10/19 – Messaging giant, Line, a little more than 3 months after its dual IPO, is beginning to target business users as its revenue slows (VentureBeat)
  • 10/20 – Mark Zuckerberg sent around an internal memo defending Peter Thiel and his right to support Donald Trump (Business Insider)
  • 10/20 – IT services firm, Wipro, is buying Appirio, which had raised $112M from a number of firms including Sequoia, GGV, General Atlantic and Fidelity, for $500M (below the last round valuation) (Fortune)
  • 10/20 – Jess Lee, the CEO of Polyvore, which Yahoo acquired for $230M, has agreed to become the first female General Partner at Sequoia (Bloomberg)
  • 10/20 – Qualcomm is said to be close to announcing the NXP deal that will value the Company at $34.7B (Bloomberg)
  • 10/20 – Lyft has had a major executive reshuffling with Raj Kapoor from Mayfield Fund joining as Chief Strategy Officer and Melissa Waters taking over as VP of Marketing. The Company is losing its CMO to Art.com, where Kira Wampler will take over as CEO (Fortune)
  • 10/20 – Venmo is on track to process $20B in payments this year according to Paypal CEO Dan Schmulman (Fortune)
  • 10/20 – Verizon is still evaluating what to do over the Yahoo hack (TechCrunch)
  • 10/20 – Trivago, the online hotel reservation company backed by Expedia, is expected to have its IPO in November. Analysts have estimated the Company to be worth $5B (Business Insider)
  • 10/21 – Travis Kalanick, CEO of Uber, told a crowd at a Vanity Fair event that he has never sold a single share of Uber (Business Insider)
  • 10/21 – Slack posted numbers, which showed the Company’s user growth slowing from 50% DAU growth for the 5.5 months through May 25th to 33% over the last 5 months (TechCrunch)
  • 10/21 – The board of Hampton Creek has hired a Big Four accounting firm to look into “every f*cking receipt that the Company has ever created” (TechCrunch)
  • 10/21 – Hackers shut down a number of internet sites (including Twitter, Spotify, Reddit, Paypal and The NYT) across the East Coast with a DDoS attack on Dyn, a DNS company (Bloomberg)
  • 10/21 – Twitter’s stock jumped 7% on rumors of a SoftBank acquisition although it’s difficult to pin down where exactly the rumor started (Yahoo)
  • 10/22 – AT&T has reached a $86B deal to acquire Time Warner according to a person familiar with the matter (WSJ $)
  • 10/22 – Airbnb is suing the City of New York, its Attorney General Eric Schneiderman and Mayor Bill de Blasio after Governor Andrew Cuomo signed a bill into law that blocked the renting of apartments/rooms for less than 30 days (TechCrunch)

Earnings

  • 10/17 – Netflix stock rises 20% on huge subscriber growth numbers for the most recent quarter (TechCrunch)
  • 10/19 – Citrix’s beat on earnings and traded up 3% on the news (Seeking Alpha)
  • 10/20 – PayPal shares rose 3% on better than expected sales numbers (Fortune)
  • 10/21 – Proofpoint crushed its earnings with shares of the Company trading up 11% (Investors.com)
  • 10/21 – SAP posted earnings that beat on numbers with the stock rising 1.8% (Seeking Alpha)
  • 10/21 – Microsoft shares hit an all-time high, besting the previous mark hit during the dot com bubble after it announced earnings and traded up 4.8% on the strength of its cloud revenue. Microsoft Azure revenue was up 116% year-over-year (WSJ $, VentureBeat)

Financings

  • 10/17 – Prelude, a comprehensive fertility startup founded by Martín Varsavsky, has raised $200 million in funding led by Lee Equity Partners.
  • 10/19 – Oblong Industries, a Los Angeles-based developer of visual collaboration software, has raised $65 million in growth equity funding. Greenspring Associates, Industry Ventures and UTIMCO were joined by return backers Foundry Group and Morgan Stanley.
  • 10/18 – Science 37, a Los Angeles-based provider of tech-enabled clinical research solutions, has raised $31 million in Series B funding. Lux Capital and dRx Capital co-led the round.
  • 10/18 – Veritas Genetics, a Boston-based genetic testing startup, has raised $30 million in Series B funding. Trustbridge Partners and Jiangsu Simcere Pharmaceutical were joined by return backer Lilly Asia Ventures.
  • 10/19 – Leanplum, a San Francisco-based mobile marketing startup, has raised $29 million in Series C funding. Canaan Partners led the round.
  • 10/18 – SecureKey Technologies Inc., a Toronto-based provider of identity and authentication solutions, has raised C$27 million in growth equity funding from BMO Bank of Montreal, Bank of Nova Scotia, CIBC, Desjardins, Royal Bank of Canada and TD Bank.
  • 10/18 – Heal, a Santa Monica, Calif.-based provider of on-demand doctor house calls, has raised $26.9 million in Series A funding. Tull Investment Group led the round.
  • 10/18 – Baobab Studios, a Redwood City, Calif.-based VR animation studio, has raised $25 million in Series B funding. Horizons Ventures led the round
  • 10/18 – SafetyCulture, an Australian provider of mobile workforce safety software, has raised US$23 million in Series B funding. Index Ventures led the round.
  • 10/20 –  EverQuote Inc., a Cambridge, Mass.-based insurance marketplace, has raised $23 million in Series B funding. Savano Capital Partners led the round.
  • 10/20 – Propeller Health, a Madison, Wis.-based provider of digital solutions for respiratory medicine, has raised $21.5 million in Series C funding. Backers include 3M Ventures, S.R. One, Limited, Hikma Ventures and return backers Safeguard Scientifics and Social Capital.
  • 10/17 – Snapsheet, a Chicago-based provider of virtual claims technology and services, has raised $20 million in Series C funding. F-Prime Capital and IA Capital Group co-led the round.
  • 10/18 – ContentSquare, a New York-based experience optimization platform for online and mobile businesses, has raised $20 million in Series B funding led by Highland Europe.
  • 10/20 – Feedzai, a San Mateo, Calif.-based provider of e-commerce fraud detection solutions, has raised an undisclosed amount of strategic funding from Citi Ventures.
  • 10/20 – MapD, a San Francisco-based provider of “GPU powered analytics for the enterprise,” has raised an undisclosed amount of VC funding from In-Q-Tel.
  • 10/19 – Zumper, a San Francisco-based home and apartment rental platform, has raised $17.6 million in Series B funding. Breyer Capital and Foxhaven Asset Management co-led the round.
  • 10/19 – Oryx Vision, an Israel-based developer of solid state depth sensing solutions for autonomous vehicles, has raised $17 million in Series A funding. Bessemer Venture Partners led the round.
  • 10/20 – Ladder, a Menlo Park, Calif.-based provider of life insurance via digital channels, has raised $14 million in Series A funding. Canaan Partners led the round.
  • 10/20 –  Moov, a San Mateo, Calif-based developer of AI-enabled fitness wearables, has raised $12 million in Series B funding. Mangrove Capital led the round.
  • 10/19 – EMS Drive Inc., developer of a MEMS optical image stabilization actuator for smartphone cameras, has raised $11 million in Series B funding led by Walden International.
  • 10/17 – KodaCloud, a Campbell, Calif.-based provider of cloud-based WiFi for enterprise customers, has raised $10 million in Series A funding from Comcast Ventures, Celtic House Venture Partners and Voyager Capital.
  • 10/19 – Ibanfirst, a French provider of foreign exchange and other corporate banking services, has raised €10 million in VC funding led by Xavier Niel.
  • 10/20 – Nvoicepay, a Beaverton, Ore.-based provider of enterprise payment automation software, has raised $10 million in growth equity funding from Napier Park Financial Partners.
  • 10/21 – TravelBank, a San Francisco-based company offering a travel and expense system targeting small and medium businesses, raised $10 million in Series A funding led by NEA and Accel.
  • 10/20 – Notion, an Ann Arbor-based company that creates apps using AI to organize and manage email, raised $9.5 million in Series A funding led by Drive Capital and Accel.
  • 10/18 – Zipwhip, a Seattle-based business texting solutions startup, has raised $9 million in Series B funding. Voyager Capital led the round.
  • 10/21 – Verdigris, a San Francisco-based developer of AI solutions for smart buildings, has raised $6.7 million in new VC funding. Jabil led the round.
  • 10/20 – Hangar, an Austin, Texas-based developer of autonomous data capture using drone technology, has raised $6.5 million in seed funding led by Lux Capital.
  • 10/19 – Chorus.ai, an AI platform for improving sales conversations, has raised $6.3 million in first-round funding led by Emergence Capital.
  • 10/19 – Workspot, a Cupertino, Calif.-based provider of enterprise mobility and remote access solutions, has raised $6.2 million in Series B funding. Presidio Ventures led the round.
  • 10/20 – Finrise, a Burlingame, Calif.-based online lending company for on-premises healthcare expenses, has raised $5.4 million in seed and venture debt funding. Backers include Mayfield, NFX Guild and WTI.
  • 10/19 – Vertical Mass, a three-year-old, L.A.-based data management platform and marketplace built specifically for the music, entertainment and sports industries, has raised $5 million in Series A funding from Greycroft Partners, Formation 8, Sierra Wasatch, Canyon Creek Capital, Magnetar Capital and the San Francisco 49ers.
  • 10/20 – Securly, a four-year-old, San Jose, Ca.-based company that makes a cloud-based web filtering system for K-12 schools across the U.S., has raised $4 million in Series A funding led by Owl Ventures.
  • 10/17 – VMRay GmbH, a German provider of agentless threat analysis and detection solutions, has raised $3.9 million in Series A funding from eCapital Entrepreneurial Partners and High-Tech Gründerfonds.
  • 10/18 – CloudLex Inc., a New York-based provider of software for the U.S. civil litigation industry, has raised $3.7 million in Series A funding led by Aligned Partners.
  • 10/20 – Ritual, a West Hollywood, Calif.-based women’s vitamin startup, has raised $3.5 million in seed funding. Forerunner Ventures led the round.
  • 10/20 – Pay By Group, a white-label e-commerce conversion tool that enables cost-splitting, has raised $3.4 million in seed funding led by SparkLabs Global Ventures.
  • 10/20 – Undo, a UK-based provider of software debugging tools, has raised $3.3 million in Series A funding led by Cambridge Innovation Capital.
  • 10/19 – Ravelin, a London-based machine-learning fraud detection startup, has raised £3 million in new VC funding. Playfair Capital led the round
  • 10/19 – TravelTek, a Scottish provider of dynamic tour pricing technology, has raised £5.3 million in VC funding from YFM Equity Partners.
  • 10/20 –  Tribe, a San Francisco-based group messaging app, has raised $3 million in seed funding from Sequoia Capital, Ludlow Ventures, Partech Ventures and Kima Ventures.
  • 10/21 – Joymode, a year-old, L.A.-based startup that rents gear to people so they can organize things like beach parties and backyard barbecues, has raised $3 million in venture funding led by Homebrew.
  • 10/18 – Joy, a San Francisco-based “interactive photo album that allows you to curate and share your favorite photos with friends and family,” has raised $2.5 million in seed funding from Obvious Ventures, BoxGroup, The Chernin Group and Maywic Select Investments.
  • 10/21 – Atipica, a San Mateo, Calif.-based talent discovery engine, has raised $2 million in seed funding. True Ventures led the round.
  • 10/17 – Aramisauto, a French online used-car marketplace, has raised an undisclosed amount of strategic funding from PSA Group.

Random, long reads
The Official Coming-Out Party (ESPN) – For two decades, NBA ref Bill Kennedy was hiding in plain sight — watched by millions but never truly seen. Then came the biggest game-changer of his life, the call he had to make.

We Salted Nannie. A Real-Life Southern Ghost Story (Bitter Southerner) – In September of 2014, Tom Maxwell moved with his family into a large, historic home just outside Hillsborough, North Carolina. With its affordable rent and lush surroundings, it seemed too good to be true. Nine months later, they broke their lease, loaded up the truck, and ran away as fast as they could from the spirits and apparitions that had tortured them. Only afterward would Maxwell learn about the 300 years of bad mojo that had piled up in the house they called Nannie.

The greatest role of Bill Murray’s life has been playing Bill Murray (The Washington Post) – Bill Murray is receiving this year’s Mark Twain Prize for Humor, but he is a unique actor who combines comedy and drama into the same character. The Post’s Geoff Edgers sifts through Murray’s body of work and pulls out six of his best performances.

*Battery portfolio company. For a list of all Battery portfolio companies, please click here.