Seed funding
AltspaceVR, a social platform for virtual reality, has raised $5.2 million in seed funding. Investors included Dolby Family Ventures, Formation 8, Google Ventures, Lux Capital, Foundation Capital, Rothenberg Ventures, SV Angel, Haystack Fund, Tencent, Raine Ventures, Promus Ventures, Western Technology Investment, and others. The company will use the funds to build out its tram and continue developing a platform which lets users connect in virtual reality spaces. AltspaceVR was founded last year.
Series B
Liquid Light, which develops and licenses technology to produce low cost chemicals, has closed a $15 million Series B financing round. New investors included Sustainable Conversion Ventures, while existing investors VantagePoint Capital Partners, BP Ventures, Chrysalix Energy Venture Capital, and Osage University Partners also participated. The company emerged from stealth six months ago and uses carbon dioxide to make major chemicals, such as ethylene glycol, used to make PET-based plastic bottles. “This financing provides further validation of both the market need for our technology and our progress in developing an advantageous solution,” said Kyle Teamey, CEO of Liquid Light. “We’re focused on delivering great process technology to serve our industry partners.”’
Funding
Software security company Veracode has raised a $40 million funding round, led by Wellington Management. Existing investors such as .406 Ventures and Atlas Venture also participated. The company will use the funds to expand globally and will now consider other financing options such as an IPO. “This investment accelerates our ability to help the world’s leading organizations systematically reduce cyber risk enterprise-wide,” said Bob Brennan, CEO, Veracode. “Our goal is to speed the pace of business innovation with a more scalable, next-generation approach that industrializes application security controls across our customers’ web, mobile and third-party applications.” Veracode was founded in 2006 and has raised nearly $115 million to date.
FieldAware, which provides mobile-first productivity solutions for field service technicians, has raised a $24 million funding round led by Summit Bridge Capital. Silicon Valley Bank, OpenView Venture Partners, Atlantic Bridge Partners and Oyster Capital Partners also participated. FieldAware’s funding now reaches over $35 million and the company will use the latest round of investment to scale up the business. “We seek and back companies that are transforming industries, and FieldAware is one of those companies,” said David Lam, Managing Director at WestSummit. “Field service is a massive and extremely diverse multi-billion dollar market, and FieldAware’s product, with its made for mobile solution, was designed from the ground up for today’s mobile environment.