Series A
Greenhouse, a recruitment platform, has raised a Series A round worth $7.5 million led by Social+Capital Partnership. Resolute Ventures and Felicis Ventures also participated. Greenhouse, founded in 2012, has raised $11.2 million in total. The company will use the latest investment for product, customer and sales growth. “Greenhouse has re-imagined what a great recruiting platform can be, creating a product focused on improving recruiting performance, rather than simply administration and tracking,” said Mamoon Hamid, General Partner at Social+Capital Partnership.
Series B
Cloud management service Luminal has raised a Series B investment round worth $10 million, led by New Enterprise Associates. Core Capital Partners and Maryland Venture Fund also participated. Luminal intends to use the new funds to hire new employees ahead of the company’s launch from Beta. “We’re building solutions from first principles to tackle hard problems in computing, and the strong support we’ve received from NEA, Core Capital, Maryland Venture Fund, and our other investors helps make that possible,” said Josh Stella, founder and CEO of Luminal.
Desire2Learn, an education technology company, has closed an $85 million Series B financing round. The round was led by ‘a large institutional asset manager’ with participation from Columbus Nova Technology Partners, Graham Holdings, Four Rivers Group, Aurion Capital, New Enterprise Associates and OMERS Ventures. Silicon Valley Bank also provided debt financing. Desire2Learn has now raised a total of $165 million. “This latest round of funding will help us scale faster globally, expand our services and continue to deliver solutions that personalize learning,” said John Baker, President and CEO, D2L.
Beijing, China-based office chat app Maimai has raised $20 million in Series B funding, in a round led by IDG Capital and Morningside Ventures, according to Chinese media reports. The company previously raised $5 million last year from Morningside. Maimai was founded last year and describes itself as a “work version of WeChat”, according to Tech in Asia. The company’s app offers anonymous messaging, referrals and individual and group chats.
Funding
DripDrop, a rehydration drink, has closed a $5.6 million round of funding. Investors include Arum Partners and musicians Sammy Hagar, Joe Satriani and Bob Weir of the Grateful Dead. DripDrop is a medical grade drink sold in powder form. “Not only will this investment help accelerate DripDrop’s availability on retail shelves nationwide, but the funds will also speed delivery to hospitals as a simple and cost-effective replacement for IVs, which are currently in short supply,” said Doug Wolf, CEO, DripDrop.