June 9, 2017
Venture Capital Deals
• Houzz, a Palo Alto, Calif.-based home design platform, is in the process of finalizing a $400 million funding round at a $4 billion valuation, as first reported by Fortune. Iconiq Capital is expected to lead, with return backers like GGV Capital and Sequoia Capital also participating. http://for.tn/2sbvVEo
• Algolia, a San Francisco-based hosted search API company, has raised $53 million in Series B funding. Accel led the round, and was joined by SaaStr and individual angels. http://tcrn.ch/2siZl35
Eloxx Pharmaceuticals, an Israeli developer of therapeutics to great genetic diseases, has raised $24 million in VC funding. Pontifax led the round, and was joined by Quark Venture and GF Securities. www.eloxpharma.com
Trice Medical, a King of Prussia, Penn.-based developer of micro-invasive technologies for medical diagnostics, has raised $19.3 million in Series C funding from Smith & Nephew, Safeguard Scientifics, HealthQuest Capital and BioStar Ventures. http://bit.ly/2saLJY2
Platelet BioGenesis, a Boston-based developer of a process for producing human platelets from stem cells for therapeutic applications, has raised $10 million in Series A funding. Qiming Ventures led the round, and was joined by Vivo Capital, VI Ventures, Adena Partners and eCoast Angels. http://bit.ly/2t0at1k
• Citrine Informatics, a Redwood City, Calif.-based chemicals and materials intelligence platform that leverages AI, has raised $7.6 million in Series A funding. Innovation Endeavors, Data Collective and Prelude Ventures co-led the round, and were joined by AME Cloud Ventures and XSeed Capital. www.citrine.io
• Carmera, a Brooklyn, N.Y.-based developer of street-level mapping solutions for self-driving cars, has raised $6.4 million in Series A funding. Matrix Partners led the round, and was joined by Resolute Ventures and Notaton Capital. http://bit.ly/2sKhFzk
• Jodel, a Germany-based local social app that lets users post anonymously, has raised €6 million in new VC funding from Floodgate Fund, Global Founders Network, Atlantic Internet, Rubylight and Adam D’Angelo. http://bit.ly/2r9cD25
• Shedul, a Dubai-based provider of booking software for salons and spas, has raised $6 million in Series A funding co-led by Middle East Venture Partners and Lumia Capital. www.shedul.com
• Cognata, an Israeli provider of autonomous car testing solutions, has raised $5 million in VC funding from Emerge Innovation Capital, Maniv Mobility and Airbus Ventures. http://tcrn.ch/2siK41X
• Supr Daily, a dairy and grocery delivery service in India, has raised $1.5 million in VC funding from backers like Soma Capital, Great Oaks Ventures and 122 West Ventures. http://tcrn.ch/2rSqjeX