Series A
Chicago-based healthcare information technology company Apertiva, Inc. has received $18 million in Series A financing from GE Ventures, Baird Capital, Pritzker Group Venture Capital, and Math Venture Partners. Apertiva was formerly known as Pervasive Health.
Jewelry wearable manufacturer Cuff has raised $5 million from Tugboat Ventures, Tandem Capital, and New Enterprise Associates. Implanted in every Cuff piece of jewelry is a “CuffLinc,” the component that allows wearers to ping their location to those in their network. Cuff’s headquarters
Series B
Line0, an online food delivery service with current operations in Shanghai, Shenzhen, and three other Chinese cities, has secured $30 million in Series B financing from the Chinese Internet conglomerate Tencent and returning investors Sequoia Capital and Gobi Partners. The company specializes in providing delivery services for cheap franchise restaurants.
Eighteen different investors have pooled together to pour $5 million into fitmob, a group fitness platform founded by serial entrepreneurs Paul Twohey and Raj Kapoor. Among them are Mayfield Fund, Expansion Venture Capital, and QueensBridge Venture Partners. Twohey is a co-founder of Ness Computing (acquired by OpenTable), while Kapoor co-founded and served as CEO of Snapfish (acquired by Hewlett-Packard). fitmob is based in San Francisco.
Stem, a developer of cloud-based energy management solutions for the enterprise, has secured $11.6 million from Constellation Technology Ventures and Total Energy Partners. The company has now raised over $55 million.
Growth equity
Red Ventures, a digital marketing company based in Fort Mill, South Carolina, has raised a massive $250 million round from Silver Lake Partners and repeat backer General Atlantic. The company launches comprehensive marketing campaigns on behalf of its clients, which include DirecTV, Verizon, and MetLife, building the websites and taking charge of the entire customer acquisition process. “It’s the greatest company you’ve never heard of,” Silver Lake managing partner Greg Monde told The New York Times. The funding was reportedly done at a valuation of over $1 billion.
Westwing, a Munich-based online platform for interior design products and services, has received €25 million in growth equity financing from Rocket Internet, Berlin’s prolific VC firm and startup incubator. The latest round of financing brings the company’s total funding to over €150 million.