Seed funding
Robotic bartender Monsieur has secured $2 million in seed funding from BIP Capital, with participation from Base Ventures, Paul Judge, TechSquare Labs and American sports stars Derrick Morgan and Glen Davis. The funding will be used to keep up with demand for the system, which takes orders via Android tablets and makes drinks on demand. “Social drinking is a core part of the hospitality industry but technology has overlooked it for a century,” said Jamie Hamilton Managing Director of BIP Capital’s Early Stage Fund. “Monsieur has built unique products that allow venues to upgrade the customer experience, reduce costs and increase revenue.”
Series B
Enterprise analytics company VoloMetrix has raised $12 million in Series B funding in a round led by Split Rock Partners with participation from Shasta Ventures, a previous investor. The company, which helps companies analyze how employees spend their time at work, has now raised $17 million to date. VoloMetrix will use the funds to increase the size of its team and for product development. “As we look ahead towards future growth, this funding positions VoloMetrix to capitalize on our momentum and help more enterprises use People Analytics to improve performance across their organization and with their customers,” said CEO and founder of VoloMetrix, Ryan Fuller.
Series C
Gainsight, a customer success company, has secured $25 million in a Series C round led by Bessemer Venture Partners. Lightspeed Venture Partners also participated in the round, which brings Gainsight’s total amount raised to over $54 million. The company’s SaaS offering has attracted around 100 businesses to its platform. “The last several quarters have shown that Customer Success has gone from an early adopter trend to being a must-have in B2B businesses,” said Nick Mehta, CEO at Gainsight. “With Bessemer and Lightspeed joining our movement, we now have the validation of the most successful cloud investment teams in the world to establish Gainsight as the definitive technology leader for the Customer Success industry.”
Series F
Genetic information company Invitae Corporation has completed a $120 million Series F financing. The company will use the funding to accelerate the building of the infrastructure for its genetic information business, and to expand globally. New investors participating in the funding round included The Broe Group, Decheng Capital, Deerfield Management LLC, OrbiMed, Perceptive Advisors, Rock Springs Capital and Wellington Management Company, LLP and others, while existing investors included Casdin Capital, Genesys Capital, Genomic Health, Inc. GHDX, Randy Scott, Redmile Group and Thomas McNerney & Partners.