AppDirect, a provider of app marketplaces, has raised $140 million in funding led by an investment fund advised by J.P. Morgan Asset Management. Previous investors including Foundry Group, iNovia Capital, Mithril Capital Management, StarVest Partners and Stingray Digital also participated. The company has now raised a total of $245 million. “When we started the business in a San Francisco apartment more than five years ago, Nicolas Desmarais and I had the vision of helping businesses find, buy, and manage the technology they need to thrive,” said AppDirect President and Co-CEO Daniel Saks. “This new round of funding validates our vision and traction in the market, and will allow us to put cloud services in the hands of millions more businesses through local, trusted providers. We look forward to helping even more companies of all sizes and stages of growth sell and manage their own SaaS applications.”
Impossible Foods, a startup creating meat and dairy foods from plant ingredients, has raised $108 million in Series D funding led by UBS. Viking Global Investors and other also participated. “This latest financing ensures that we have more than enough runway to bring our first products to market,” said Patrick O. Brown, M.D., Ph.D., founder and CEO of Impossible Foods. “We are grateful to our visionary investors, whose support will enable us to transform the global food system by providing consumers with delicious and sustainable meat and dairy foods made directly from plants.”
Smart thermostat maker Tado has raised $17 million in funding, TechCrunch reports. Investors include Siemens AG, Statkraft Venture Capital and existing backers Target Partners, Shortcut Ventures and BayBG. The German company, founded in 2011, has now raised a total of $34 million.
Indian online retailer Snapdeal has invested $20 million in logistics startup Gojavas. Snapdeal previously bought a minority stake in Gojavas in March, and is looking to improve its own supply chain. “Gojavas is one of our best performing last mile logistics partners. The company’s average timeline for delivering Snapdeal orders has reduced by a full 24 hours in the last 6 months,” said Snapdeal co-founder Rohit Bansal.