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Tracxn – Analyst Notes # 1186 – Payments

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RECENT NOTABLE ACTIVITY – PAYMENTS

  • Coinbase, a crypto-currency exchange and wallet provider, has raised $100M in Series D funding round led by Institutional Venture Partners, with participation from Spark Capital, Greylock Partners, Battery Ventures, Section 32, Draper Associates. Link
  • PayTabs, a Bahrain-based payment solutions provider, has raised $20M from undisclosed investors. Link
  • Emailage, a cloud-based fraud prevention solutions provider, has raised $10M in a funding round led by Anthos Capital, with participation from Radian Capital, Wipro Ventures, Mucker Capital, Tallwave Capital. Link
  • T2P, a Thailand-based e-wallet service provider, has raised $3M in a Series A round led by J-Venture, with participation from 500 Startups and Telenor. Link
  • Spriggy, a Sydney-based prepaid card and expense management services provider for children, has raised A$2.5M ($1.9M) in a funding round led by Perle Ventures and Alium Capital. Link
  • Instamojo, an on-demand e-commerce and payments solutions provider to SMEs, has raised an undisclosed amount from Japanese payments firm AnyPay, with participation from Kalaari Capital. Link

SOME INTERESTING STARTUPS FOUND

Third Watch (2016, Gurgaon) – An AI-based anti-fraud solution which employs machine learning technologies like collaborative filtering, logistic regression, and deep learning.

LEADER BOARD – PAYMENTS

Payment Gateway
Safecharge (2006, British Virgin Islands, IPO) – A customized payment acceptance portal for merchants. Went public in 2014.

Stripe (2010, SF, $473M) – A merchant acquirer and a payment gateway API provider for web and mobile payments. Backed by Sequoia Capital, General Catalyst Partners, CapitalG, JPMorgan Chase & Co., Goldman Sachs, Morgan Stanley, Barclays, Sumitomo Mitsui Financial Group, Alven Capital, American Express, VISA, KPCB, Thrive Capital, Founders Fund, Khosla Ventures, Allen & Company, Redpoint Ventures, Andreessen Horowitz, SV Angel, Y Combinator, Salesforce, Union Square Ventures, Atomico, GV, Lowercase Capital, TrueBridge Capital Partners, Entree Capital, Square Peg Capital, Golden Gate Ventures, Playfair Capital, Designer Fund, Paua Ventures, Darwin Ventures, BoxGroup.
Billdesk (2000, Mumbai, $157.5M) – Electronic payment services provider to banks, businesses and other institutions. Backed by SBI, General Atlantic, TA Associates Management, Bank of Baroda, Temasek, Clearstone Venture Partners, SIDBI Venture Capital, March Capital Partners.

Acquirer Processor
First Data Corporation (1971, Atlanta, Acq, IPO) – A global payments service provider specializing in merchant transaction processing, private label cards and e-check acceptance services. Was acquired by KKR in 2007 for $27.5B. Went public in October 2015.

Vantiv (1971, Cincinnati, IPO) – An electronic payment processor, payment gateway API and PoSsolutions provider. Went public in 2012.
WorldPay (1993, London, Acq.) – A London-based payment processing company offering gateway and PoS services. Went public in October 2015. Was acquired by Vantiv in August 2017 for $12B.
Total System Services (1982, Columbus (Georgia), IPO) – A merchant acquirer and white label prepaid card solutions provider. Went public in 1983.
Adyen (2006, Amsterdam, $266M) – An internet-first merchant acquirer and omnichannel payment solutions provider. Backed by General Atlantic, Index Ventures, Felicis Ventures, Temasek, Iconiq Capital.

Payment Network
VISA (1958, Foster City, IPO) – An association of banks and other financial institutions, which facilitates card payment transactions. Went public in 2008.

MasterCard (1966, Purchase, IPO) – An interbank association facilitating card payments. Went public in 2006.
Vocalink (2007, Rickmansworth, $114M, Acq.) – A UK-based ATM switching platform and interbanknetwork. Aquired by MasterCard for £700M ($926M) in July 2016.
Ripple (2012, SF, $90.5M) – An open source, decentralized protocol to provide real time cross border payments and settlements. Backed by Standard Chartered, AME Cloud Ventures, Seagate, CME Group, IDG Capital Partners, RRE Ventures, Venture 51, Core VC, ChinaRock Capital Management, SBI Holdings, Route 66 Ventures, Camp One Ventures, Blockchain Capital, Santander InnoVentures, Digital Currency Group, SCB Digital Ventures.

PoS Suite
VeriFone (1981, San Jose, IPO) – Provides all kinds of PoS devices, along with a payment gateway. Went public in 2005.

Ingenico Group (1980, Paris, IPO) – A payment processing service provider specializing in NFC enabled PoS terminals, gateways and cross-border e-commerce solutions. Went public in 1985.

Wallet
PayPal (1998, San Jose, Acq., IPO) – An online payment and money transfer service, offeringpayment gateway, merchant accounts and wallet solutions. Acquired by eBay in July 2002 for $1.5B. Went public in July 2015.

Mozido (2008, Austin, $288.5M) – A white label web and mobile wallet solutions provider. Backed by MasterCard, TomorrowVentures, Atlanticus, Brentwood Associates, Wellington Management, Quabbin Capital.
Dashlane (2009, NYC, $52.5M) – A fully-featured password manager and secure digital wallet app. Backed by Bessemer Venture Partners, FirstMark Capital, Rho Ventures, TransUnion, FinTech Innovation Lab.
Xapo (2012, Palo Alto, $40M) – A bitcoin wallet provider with cold storage facility. Backed by Greylock Partners, Index Ventures, Benchmark, Fortress Investment Group, Ribbit Capital.

Alternate Payment Methods
PayNearMe (2009, Sunnyvale (CA), $90M) – Provides offline payment services for online solutions. Backed by Khosla Ventures, Maveron, True Ventures, GSV Capital, Kapor Capital, Bullpen Capital, Floodgate, August Capital, Fenwick & West, Endeavour Partners.

TrialPay (2006, Mountain View, $56M, Acq.) – Enables merchants to offer free action based rewards to their customers. Acquired by VISA in February 2015 for an undisclosed amount.

Security
Signifyd (2011, Palo Alto, $106M) – An AI-based transaction monitoring solutions provider with chargeback guarantee. Backed by American Express, Andreessen Horowitz, IA Ventures, Bain Capital Ventures, QED Investors, TriplePoint Capital, Menlo Ventures, Data Collective, Tekton Ventures, Resolute Ventures, Allegis Capital, Lucas Venture Group, BYU Cougar Capital, Streamlined Ventures, Thinkplus, Allegis Capital.

Kount (2007, Boise, $80M) – A SAAS based fraud prevention service provider for card-not-present transactions. Backed by CVC Capital Partners.
ThreatMetrix (2005, San Jose, $84M) – A payment fraud prevention service and context-based authentication solution provider. Backed by U.S Venture Partners, Silicon Valley Bank, Adams Street Partners, Tenaya Capital, August Capital, Technology Venture Partners, In-Q-Tel, Talu Ventures.
Ethoca (2005, Toronto, $45M) – A secure network for card issuers and merchants to connect and work outside the payment network. Backed by Spectrum Equity.

Enablers
Fidelity Information Services (1968, Jacksnville, IPO) – PCI Compliance, technology outsourcing and other payment security and back-end solutions for businesses and Financial Institutions. Went public in June 2001.
Trustwave (1995, Chicago, $60M, Acq.) – Provides cloud-based enterprise security solutions for threat detection, prevention & risk mitigation, including PCI compliance. Acquired by Singtel in September 2015 for $770M.
Clear2Pay (2001, Brussels, $92M, Acq.) – Provider of payment solutions to financial institutions. Also provides white label remittance services. Acquired by Fidelity Information Services in September 2014 for $493M.

B2B Payments
GlobalCollect (1994, Netherlands, Acq.) – An international B2B money transfer and payment gateway service provider. Acquired by Ingenico in September 2014 for $1.1B.
Viewpost (2012, Maitland, $79M) – e-Invoice exchange and electronic payment solutions provider. Backed by Western Technology Investment.

Payment Cards
Green Dot Corporation (1999, Monrovia (CA), IPO) – Reloadable prepaid card provider. Went public in 2010.
BlackHawk Network (2001, Pleasanton (CA), IPO) – Provider of white-label solutions for merchants and corporates. Also provides a marketplace for branded retail gift cards and reloading services for third-party prepaid cards. Went public in 2013.
Nubank Brasil (2013, Sao Paulo, $178M) – A MasterCard flagged credit card with mobile app. Backed by Sequoia Capital, Goldman Sachs, Founders Fund, QED Investors, Tiger Global Management, DST Global, Kaszek Ventures.

Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates visit Payments feed.


Tracxn – Analyst Notes (India Practice) # 494

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A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.

INTERESTING STARTUPS

Uravu Labs (2016, Bangalore), developer of technologies for off-grid water supply. Local comparables are Decentrik Technologies (2015, Delhi) and Sarvajal (2008, Ahmedabad). Global comparables are Waterhealth (1995, Irvine, $93M) and Zero Mass Water (2014, Phoenix, $13.1M).

INDIA INTERESTING NEWS

Myntra Jabong India, B2B fashion retail arm of Myntra (2007, Bangalore), online retail store for fashion and lifestyle products, raises $31.1M in Debt round of funding from Yes Bank. Link

Snaptrude (2015, Hubli), 3D modeling software provider for real estate sites, plans to raise $35.8k in Seed round of funding from Brigade GroupLink

Kedaara Capital acquires 10% stake in Manyavar (1999, Kolkata), ethnic menswear brand, for $6.24M. Link

Narvar (2012, San Mateo), post-purchase experience platform for retailers, acquires GoPigeon (2015, Bangalore), on-demand first mile logistics service and courier aggregation marketplace, for an undisclosed amount. Link

Matrix Partners plans to increase investments in Delhi-based start-ups. Link

Indus OS (2008, Mumbai), developer of android-based mobile OS in Indian languages, partners with Ola (2011, Bangalore), app-based asset-light cab operator, to extend on-demand services to users of the smartphone operating system maker. Link

Karnataka government ties up with Amazon (1994, Seattle), international e-commerce website, to help local start ups with the Launchpad programme. Link

GLOBAL ROUNDUP

Armo BioSciences (2012, Redwood City), developer of immunomodulatory biologic therapeutics for cancer, atherosclerosis, fibrosis and inflammatory bowel disease, raises $67M in Series C-1 round of funding led by Qiming Venture Partners, Decheng Capital, Sequoia Capital, RTW Investments, KPCB, Orbimed, DAG Ventures, NanoDimension Management, HBM Healthcare Investments, Celgene, GV and Quan Capital. Link

Appier (2012, Taipei), reporting and analytics platform for cross-screen targeted advertising, raises $33M in Series C round of funding led by SoftBank Group Corporation, LINE Corporation, NAVER Corporation, Singapore-based EDBI and Hong Kong-based AMTD Group. Link

Alice (2013, NYC), cloud platform to serve the needs of staff, guests, and hotel management  through an app, raises $26M in  Series B round of funding from Expedia. Link

TravelBank (2015, SF), provider of cloud-based expense management app for SMBs, raises $25M in Series B round of funding led by DCM Ventures, Propel Venture Partners, NEA, Accel Partners, Silicon Valley Bank and Danhua Capital. Link

Homelike (2014, Cologne), managed properties provider, raises $4.8M in Series A round of funding led by Cherry Ventures with participation from Coparion. Link

Tracxn – Analyst Notes # 1202 – Online Rental

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RECENT NOTABLE ACTIVITY – ONLINE RENTALS

  • Shanghai based peer-to-peer car sharing marketplace, Atzuche raised $58M in Series C round led by China Pacific Insurance. Link
  • San Francisco based peer-to-peer car sharing marketplace, Getaround raised $45M in Series C round led by Braemar Energy Ventures. Link
  • Beijing based women clothing rental platform, YCloset raised $20 million in Series B round led by Pan-Lin Asset Management Co. Link
  • Paris based peer-to-peer airport car sharing marketplace, TravelerCar raised $16M in Series B round led by French carmaker PSA Group. Link
  • Chengdu based women’s apparel rental platform, Dora’s Dream raised $12M in Series A funding round led by Legend Capital. Link 
  • Utrecht based peer-to-peer car sharing marketplace, Snappcar raised $11M in Series A round led by Europcar Group Link
  • Bangalore based online furniture and home appliance rental platform, Rentomojo raised $10M in Series B funding round led by Bain Capital Ventures. Link
  • Sydney based designer apparel rental platform, GlamCorner raised $4.2M in Series A funding round led by AirTreeVentures. Link
  • San Francisco based airport car rental platform, Silvercar is acquired by automotive manufacturer Audi. Link
  • San Francisco based, peer-to-peer boat sharing platform, Boatbound is acquired by competitor Boatsetter. Link
  • San Francisco based peer-to-peer car sharing platform, Justshareit is acquired by Fox Rent-A-Car, the fifth largest car rental company in the US. Link 

SOME INTERESTING STARTUPS FOUND

FatLama (2016, London) – Online peer-to-peer rental platform for household items.
FetchTruck (2016, Roswell) –  Online truck rental platform.

LEADER BOARD – ONLINE RENTALS

Multi-Category
Peerby (2011, Amsterdam, $4.5M) – Online marketplace to borrow consumer goods from peers. Backed by TechStars, Sanoma Ventures, and others.
Fluidmarket (2015, Denver, $1.7M) – Online marketplace to borrow consumer goods from peers. Backed by Grotech Ventures.

Cars
eHi Car Services (2006, Shanghai, IPO) – Car rental service provider. Backed by CTrip, Enterprise Holdings, and Goldman Sachs among others.
Turo (2009, SF, $101M) – P2P car sharing platform. Backed by KPCB, Google Ventures, August Capital and GM ventures among others.
Zuche (2007, Beijing, $203M) – Car rental service provider. Backed by Warburg Pincus and KPCB among others.

Bikes
Spinlister (2011, Santa Monica, $2M) – Peer-to-peer bicycle rental platform. Backed by unknown investors.

Boats
Boatsetter (2014, Aventura, $20M) – Online boat rental platform. Backed by Stanford University, and Great Oaks Venture Capital among others.
Boatbound (2012, SF, $4.5M, Acq.) – Online peer to peer boat rental platform. Backed by Kima Ventures, Atlas Venture, and 500 Startups among others.

Furniture and Appliances
Furlenco (2011, Bangalore, $21M) – Online furniture and home appliance rental platform. Backed by Lightbox VC and Axis Capital.
Rentomojo (2014, Bangalore, $17M) – Online furniture and home appliance rental platform. Backed by Accel Partners and IGD VC.

Consumer Electronics
Saybyebuy (2015, London, $1M) – Online rental platform for consumer electronics. Backed by Global Founders and Seedcamp among others.

Fashion
Rent the Runway (2009, NYC, $190M) – Online platform for designer dress and accessory rentals. Backed by HCP Capital, Bain Capital Ventures, and KPCB among others.
Generation Tux (2014, Oakland, $43M) – Online platform to rent a tuxedo for men.
The Black Tux (2012, Santa Monica, $41M) – Online platform to rent a tuxedo for men. Backed by First Round Capital, Founder Collective, and Menlo Ventures among others.

Books
BookRenter (2007, San Mateo, $56M) – Online platform for textbook rentals. Backed by ACM, Storm Ventures, and NVP among others.
Campus Book Rentals (2007, West Haven, $23M) – Online platform for college textbook rentals. Backed by Level Equity and Five Elms among others.

Recreation
Pley (2013, San Jose, $16.8M) – Online platform for LEGO set rentals for kids on a monthly subscription. Backed by Allegro VC and Correlation VC among others.
Gamefly (2002, LA, $10.7M) – Online platform for renting video games.  Backed by Sequoia Capital, Tenaya Capital, and Four Rivers Group among others.

Event Supplies
Those Animals (2013, Phoenix, $1.2M) – Online platform to rent animal rides for parties.

Commercial Goods
Equipment Share (2014, Columbia, $36M) – Online peer-to-peer equipment rental platform. Backed by Romulus Capital, Krillion ventures, and Y Combinator.
RentAlpha (2014, Mumbai, $16M) – Online equipment rental and leasing company. Backed by Bravia Capital.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest update, visit Online Rentals feed.

Tracxn – Analyst Notes # 1205 – Data as a Service

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RECENT NOTABLE ACTIVITY – DATA AS A SERVICE

  • Megalytics, a data and analytics provider for risk assessment and due diligence, raises $1M funding. Link
  • DiscoverOrg acquires RainKing, a provider of sales intelligence data platform for an undisclosed amount. Link
  • TransUnion, a credit risk and information solution provider, acquires Datalink Services. Link
  • Semcasting, an analytics and data provider for online display advertising acquires Transparency AI. Link
  • Earth Networks, the leading global provider of weather intelligence solutions, announces to spin off Whisker Labs. Link
  • GreatHill acquires ZoomInfo, the B2B data provider for $240M. Link
  • WeWork acquires Unomy, a sales and marketing intelligence data platform. Link
  • CoreLogic, property information and data analytics provider, completes acquisition of Mercury Network. Link
  • StreetLight Data, location data provider to measure consumer mobility patterns, raises $2.4M funding. Link
  • Intertrust Technologies acquires Planet OS, a cloud platform for industrial IoT and earth observation data. Link
  • PeerIQ, a data and analytics platform for lending markets, secures $12M Series A funding. Link
  • FiscalNote, a real-time government regulations analysis platform, acquires VoterVoice. Link
  • BDS Analytics, a cannabis business intelligence software secures $1.5M funding. Link
  • Aire, a credit score provider for individuals, raises $5M Series A funding from Sunstone Capital and White Star Capital. Link

SOME INTERESTING STARTUPS FOUND

Marquee Equity (2016, New York City) –  Provides an AI driven transaction platform for investor discovery and deal management.
Valuer (2017, Vejle) –  Provides a crowd-sourced and AI algorithmic platform to discover and track start-ups.

LEADER BOARD – DATA AS A SERVICE

Finance – Public Market Investment
Bloomberg LP (1981, NYC) – Privately held financial software, data, and media company. Revenue of the company is estimated to be over $9 billion.
Thomson Reuters (2008, Toronto, IPO) – Delivers financial information – including fundamentals, estimates, primary and secondary research reports through Thomson Reuters Eikon. Formed by a merger of Thomson Corporation and Reuters Group in 2008.

Finance – Private Market Investment
Owler (2011, San Mateo, $19M) – Provides competitive intelligence reports on business. Backed by NVP and Trinity Ventures.
PitchBook Data (2008, Seattle, $14M, Acq) – Database of global M&A, PE, and VC transactions – along with the companies, investors, funds, LPs and executives involved. Acquired by Morningstar for $225M in Oct 2016.

Finance – Credit Information
Equifax (1899, Atlanta, IPO) – Consumer credit reporting agency. Sells consumer credit and insurance reports, analytics products, and fraud & identity theft prevention products. Went IPO in 1971.
Experian (1996, Costa Mesa, IPO) – Offers credit services, marketing services, decision analytics and consumer services to businesses and individuals. Collects information on people, businesses, motor vehicles and insurance. Also, collects lifestyle data from on-and off-line surveys.
TransUnion (1968, Chicago, IPO) – Provides credit information and information management service to businesses and consumers. Went public in June 2015.

Market Intelligence – Industry Intelligence
IHS (1959, Englewood, IPO) – Provider of information, insight, and analytics in industries, such as aerospace, defense & security, automotive, chemical, energy, maritime & trade, and technology. Went public in November 2005.
Euromonitor (1972, London) – Offers competitor intelligence, market and trend analysis, M&A, statistical data and analysis in a range of industries ranging from consumer goods to travel services. Privately owned company.

Market Intelligence – Competitor Intelligence
App Annie (2010, SF, $156M) – Offers app store optimization and market intelligence through various products. Backed by IVP, Sequoia Capital, IDG Capital Partners, Greycroft Partners, EVentures, Infinity Venture Partners, Kii Capital , and Strive Capital.
SimilarWeb (2007, London, $65M) – Collects, measures, analyzes and provides user engagement statistics for websites and mobile applications. Backed by Naspers and Docor International Management.

Market Intelligence – Product Intelligence
GlobalSpec (1996, East Greenbush, $20M, Acq) – Specialized vertical search, product information and digital media company serving the engineering, manufacturing and related scientific and technical market segments. Acquired by IHS Inc for $135M in 2012.
Indix (2010, Chennai, $29M) – Cloud-based consumer product database for brands, retailers, and developers. Backed by NGP, NVP, Avalon Ventures, and Anthemis Group.

Marketing – Consumer Intelligence
Nielsen (1923, NYC, IPO) – Global information and measurement company enabling companies to understand consumers and their behavior. Measure and monitors what consumer watch (programming, advertising) and what consumers buy (categories, brands, products). Went public in January 2011.
GfK (1934, Nuremberg, IPO) – Germany’s largest consumer research firm providing data and insights about consumer choices and consumer experience across the industries. Went public in September 1999.

Marketing – Lead Generation
Relationship Science (2010, NYC, $121M) – Its RelSci platform provides a database of more than 1 million organizations and the over 3 million decision makers affiliated with them, along with sophisticated analytics tools, reporting dashboards and CRM integrations. Backed by RIT Capital, MacAndrews & Forbes Holdings, and Hearst Ventures.
InsideView (2005, SF, $89M) – Its platform aggregates customer information from various sources and provides that information through API to sales and marketing team to augment a lead profile. Backed by Big Sky Partners, Emergence Capital Partners, Foundation Capital, Greenhouse Capital Partners, and JDM Capital.

Public Data
Socrata (2007, Seattle, $54.5M) – Cloud-based software company enables users to access government data. Backed by Sapphire Ventures, OpenView Venture Partners, Morgenthaler Ventures, Frazier Technology Ventures, and In-Q-Tel.
Quid (2010, SF, $52.5M) – In-browser software that uses ML algorithms to process a very large number of news articles, blog posts and documents such as patents and company data and indexes and categorizes this data, to find and amplify the small signals that are crucial to identifying actionable insights. Backed by Liberty Interactive Corporation, ARTIS Ventures, Atomico, Buchanan Investments, Subtraction Capital, Tiger Partners, Thomas H. Lee Limited Family Partnership II, Acadia Woods, Endeavour Vision, Infocomm Investments, and Founders Fund.

Social Data
Dataminr (2009, NYC, $175M) – Trawls social media and other sources to extract key developments for public safety, bankers and news organizations. Backed by Fidelity Investments, IVP, Venrock, GSV Capital, Deep Fork Capital, Credit Suisse, Wellington Management, SharePost Investment Management, WorldQuant Ventures, Glynn Capital, Goldman Sachs, GSV Capital and Box Group.
DataSift (2010, Reading, $70M) – Social data platform. Provides access to real-time and historical social data streams. Backed by Upfront Ventures, Scale Venture Partners, Insight Venture Partners, IA Ventures, Cendana Capital, Daher Capital, GRP Partners, Northgate Capital, and The FSE Group.

Weather
Spire (2012, SF, $66.5M) – Satellite powered data company. Provides maritime intelligence and weather data. Backed by RRE Ventures, BVP, Jump Capital, Lemnos Labs, Promus Ventures, Emerge, Fresco Capital, Beamonte Investments, Mitsui & Co Global Investments, Grishin Robotics, and Shasta Ventures.
EarthNetworks (1993, Germantown, $44M) – Provider of current weather data, the latest forecasts, and critical severe weather data collected through a network of weather and climate sensors. Backed by Sequoia Capital, Polaris Partner, and HarbourVest Partners.

Geospatial
DigitalGlobe (1993, Longmont, IPO): Provider of commercial high-resolution earth imagery and geospatial solutions. Backed by Wavemaker Partners (formerly Siemer Ventures). Went public in May 2009.
Urthecast (2010, Vancouver, IPO): Provider of earth imagery and video at multiple resolutions. Went public on the Toronto Stock Exchange in June 2013.

Traffic
Inrix (2004, Kirkland, $133M) – Provides historical, real-time traffic information, traffic forecasts, travel times, traffic count, and roadway incident reports to businesses and individuals. Backed by Intel Capital, KPCB, Porsche Automobil Holding, August Capital, and Bain Capital.
Miovision Technologies (2005, Kitchener, $24M) – Provides automated traffic data collection systems and video collection units to record traffic movements in urban and rural settings. Backed by Comerica Bank, FedDev Ontario, Golden Triangle Angel Network, Investeco Capital, MacKinnon Bennett & Co.

Legal
LexisNexis (1977, NYC): A member of Reed Elsevier, provides content-enabled workflow solutions including LegalResearch, Litigation Support, Legal Practice Management(LPM), IP management.
FiscalNote (2013, Washington, $28M) – Aggregates all the data on legislation and provides a summary of the legislation, sentiment analysis to the decision makers. Backed by Visionnaire Ventures, Green Visor Capital, NEA, Perle Ventures, Conversion Capital, SF Capital, 645 Ventures, Plug & Play Ventures, Renren Inc, Middleland Capital and AME Cloud Ventures.

Genealogy
Ancestry (1983, Provo, $146M, Acq.) – Provides genealogical and historical records focused on the USA and nine other foreign countries, genealogical software, and a wide array of genealogical related services. Acquired by Permira Advisers Ltd in 2012.
MyHeritage (2005, Or Yehuda, $49M) – Aggregates historical records (Birth, marriage, burial, immigration, census, military etc) of people online and provides mobile and software platform for discovering, sharing and preserving family history. Backed by Accel, Index Ventures, BVP, Hasso Plattner Ventures, and Cross Creek Advisors.

Marketplace
Quandl (2011, Toronto, $20M) – Marketplace for financial and economic datasets. Backed by August Capital, and Nexus Venture Partners.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount

For latest update, visit Data as a Service feed.

Tracxn Healthcare Newsletter # 113 – Medical Devices

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RECENT NOTABLE ACTIVITY – MEDICAL DEVICES

  • NeoTract, a developer of minimally invasive devices to treat lower urinary tract symptoms, is to be acquired by Teleflex for $1.1B. Link
  • Vertera Spine, a developer of interbody implants for spinal fusion, is to be acquired by NuVasive. Link
  • Minimally Invasive Devices, a developer of Laparoscopic visualization system, is to be acquired by McAfee Capital. Link
  • ClearCorrect, a developer of of clear alignersof clear aligners, is to be acquired by Straumann Group. Link
  • Medi-Line, a developer of active and non-active implants, is to be acquired by Nexeon MedSystems. Link
  • BioQ Pharma, a developer of ready‐to‐use infusible pharmaceuticals for post-surgical pain and sedation, raised $55M in a Series D round led by Madryn Asset Management. Link
  • Establishment Labs, a developer of silicone-filled breast and body shaping implants, raised $55M in a Series D round, led by Madryn Asset Management. Link
  • ElectroCore, a developer of non-invasive vagus nerve stimulation devices, raised $36M in a Series B round. Link
  • SetPoint Medical, a developer of bioelectronic therapy for chronic inflammatory diseases, raised $30M in a Series D round. Link
  • ClaroNav received FDA 510(k) clearance for its NaviENT surgical navigation system designed for endoscopic sinus surgery and skull base surgery. Link
  • NuVasive received FDA 510(k) clearance for its redesigned Magec magnetically controlled growth modulation system. Link
  • Adherium received FDA 510(k) clearance for its smart inhaler monitoring device. Link
  • Smiths Medical received FDA 510(k) clearance for its CADD-Solis wireless ambulatory infusion pump. Link
  • Camber Spine Technologies received FDA 510(k) clearance for its Spira open matrix anterior lumbar interbody fusion device. Link

SOME INTERESTING STARTUPS FOUND

Attune Medical (Unfunded, Chicago, 2017) –  An Esophageal cooling device.
IanTech (Undisclosed, Reno, 2015) – An interventional device for cataract surgery.

LEADER BOARD – MEDICAL DEVICES

Cardiovascular
TriVascular (1998, Santa Rosa, IPO) – Medical devices for endovascular aortic repair. Backed by NEA, Pinnacle Ventures, Greenspring Associates, Kaiser Permanente Ventures, ABS Ventures, MPM Capital, Delphi Ventures, Kearny Venture Partners, De Novo Ventures, Deerfield Capital Management, Helix Ventures, Deerfield, Permal, Pinnacle Ventures, and Rock Springs Capital. Went public in 2014.

Cardiovascular Systems (1989, Saint Paul, IPO) – Devices treating peripheral and coronary vascular disease. Backed by Silicon Valley Bank, Mitsui Global Investment, TPG, Healthcare Ventures, Lumira Capital, and Partners for Growth. Went public in 2006.

Orthopedics
ConforMIS (2004, Bedford, IPO) – Personalized, partial knee resurfacing implants to treat knee osteoarthritis. Backed by Aeris Capital, and Centurion. Went public in 2015.

Amedica (1996, Salt Lake City, IPO) – Spinal implants based on silicon nitride ceramic technology platform. Backed by Morningside Ventures, Zions Bank, Oxford Finance, venBio Partners, Hillhouse Capital, Epidarex Capital, and AJU IB Investment U.S. Went public in 2014.

Ophthalmology
Glaukos (2001, Laguna Hills, IPO) – Developed Micro-Invasive Glaucoma Surgery implant to treat glaucoma. Backed by Orbimed, Meritech Capital, InterWest Partners, Frazier Healthcare Partners, Versant Ventures, Novo A/S, Domain Associates, Fjord Ventures, and Montreux Equity Partners. Went public in 2015.

Ocular Therapeutix (2006, Bedford, IPO) – Develops Ophthalmic therapeutic products by using hydrogel technology. Backed by  Polaris Partners, Ascension Ventures, Versant Ventures, SV Life Sciences, Baxter, Pinnacle Ventures, and Ascension Ventures. Went public in 2014.

Diabetes Mellitus
Senseonics (1996, Germantown, IPO) – Implantable system for continuous glucose monitoring. Backed by NEA, Rho Capital Partners, Greenspring Associates, Rho Ventures, Anthem Capital Management, Abingworth, Delphi Ventures, Healthcare Ventures, and Anthem Capital. Went public in 2016.

Tandem Diabetes (2008, San Diego, IPO) – Device for continuous glucose monitoring and manual insulin delivery. Backed by TPG, HLM Venture Partners, Domain Associates, Delphi Ventures, and Kearny Venture Partners. Went public in 2013.

Oncology
ViewRay (2004, Oakwood, IPO) – MRI-guided radiation therapy technology for cancer. Backed by  Fidelity Investments, Orbimed, Siemens, ITOCHU Technology Ventures, Fidelity Growth Partners Europe, HTGC, Fidelity Biosciences, Kearny Venture Partners, Aisling Capital, Montrose Capital Partners, Xeraya Capital, CRG, and F-Prime Capital Partners. Went public in 2015.

GeneNews (1998, Markham, IPO) – Blood-based molecular diagnostics. Went public in 2001.

Neurology
Nexstim (2000, Helsinki, IPO) – Noninvasive brain stimulation for rehabilitating stroke patients. Backed by Capricorn Venture Partners, Suomen Teollisuussijoitus, Life Sciences Partners, Lundbeckfond Ventures, Healthcap, Finnish Industry Investment, Lundbeckfonden, and Healthcap. Went public in 2014.

Vycor Medical (2005, Boca Raton, IPO) – Minimally-invasive surgical devices & therapies for neurological disease. Went public in 2009.

Women’s Health
Bovie Medical (1970, Clearwater, IPO) – Manufactures electrosurgical products for gynecologic applications. Backed by Great Point Partners. Went public in 2000.

Viveve Medical (2005, Sunnyvale, IPO) – RF therapy for vaginal laxity.  Bridge Bank, 5AM Ventures, GBS Venture Partners, Wexford Capital, Square 1 Bank, RTW Investments, and Stone Pine Capital LLC. Went public in 2016.

Pulmonology
Inogen (2001, Goleta, IPO) – Portable Oxygen Concentrator for Oxygen Therapy. Backed by Western Technology Investment, Avalon Ventures, Versant Ventures, Novo A/S, Arboretum Ventures, and Accuitive Medical Ventures. Went public in 2014.

Aerogen (2000, Galway, IPO) – Develops Aerosol drug delivery devices. Backed by J.P. Morgan, US Venture Partners, InterWest Partners, Western Technology Investment, Invesco, Wheatley Partners, Viridian Investment Partners, Western Development Commission, and Healthcap. Went public in 2000.

Gastroenterology
EndoChoice (2008, Alpharetta, IPO) – Device for gastrointestinal conditions. Backed by Sequoia Capital, Silicon Valley Bank, Accelmed, Council Capital, MidCap Financial, Deerfield, River Cities Capital Funds, Agate Medical investments, Rock Springs Capital, and Envest Private Equity. Went public in 2015.

Mauna Kea Tech (2000, Paris, IPO) – Endomicroscopy devices for Gastrointestinal and Respiratory tracts. Backed by Seventure Partners, Psilos, and Finadvance. Went public in 2011.

Dental & Maxillofacial
Align Technology (1997, San Jose, IPO) – Develops Invisalign clear aligners and other dental products. Backed by  KPCB, Questmark Partners, ABS Ventures, Oak Hill Capital Partners, The Carlyle Group, and Tekla Capital Management. Went public in 2001.

Biolase (1987, Irvine, IPO) – Develops Dental lasers and scanning devices. Backed by Oracle Investment Management. Went public in 2003.

ENT
Entellus Medical (2006, Plymouth, IPO) – Suite of products for treating chronic sinusitis. Backed by Greenspring Associates, Split Rock Partners, Essex Woodlands, SV Life Sciences, Covidien and Oxford Finance. Went public in 2015.
Intersect ENT (2003, Menlo Park, IPO) – Develops drug-releasing implant for sinusitis. Backed by Norwest Venture Partners, KPCB, and US Venture Partners. Went public in 2014.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit the Medical Devices feed.

Tracxn – Analyst Notes # 1212 – Enterprise Security

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RECENT NOTABLE ACTIVITY – ENTERPRISE SECURITY

  • IAM vendor, ForgeRock raised $88M in the Series D round led by Accel Partners. Link
  • Druva, a data security & backup vendor raised $80M in the Series F round led by Riverwood Capital. Link
  • Cloud security startup, Threat Stack raised $45M in the Series C round co-led by F-Prime Capital Partners and Eight Roads Ventures. Link
  • Qadium, a cyber intelligence & risk assessment company raised $40M in the Series B round led by IVP. Link
  • Endpoint security company, AppGuard received $30M in the Series B round led by JTB Corp and acquired KeepTree. Link
  • Insider threat detection company, Securonix received $29M in the equity investment from undisclosed investors. Link
  • Threat intelligence platform, LookingGlass raised $26.3M in a composite mezzanine debt and VC funding co-led by Eastward Capital and Triangle Peak Partners. Link
  • Container security startup, Aqua Security raised $25M in the Series B round led by Lightspeed Venture Partners. Link
  • Inside Secure, an embedded IoT security solution provider raised $19.2M in a post IPO convertible bond. Link
  • Versive, a security analytics platform raised an additional $12.7M in the Series B round from the existing investors. Link
  • Email security provider, Vade Secure raised $12M in the Series A round led by Isai Fund. Link
  • Emailage, an anti-fraud solution provider received $10M in the Series B round led by Anthos Capital. Link
  • Customer IAM solution provider, Evident raised $8.8M in the Series A funding led by NEA. Link
  • Tanker, a cloud data security startup raised $7.2M in the Series A round co-led by Idinvest Partners and Kima Ventures. Link
  • Capsule8, container security startup raised $6M in the Series A round led by BVP. Link
  • Server security startup, MajorSec received $4.5M in the Series A round of investment led by Vangoo capital. Link
  • PIAM vendor raised $4.7M in the Series A round led by Insight Venture Partners. Link
  • Identity theft prevention startup, Shocard raised $4M in the Series A round co-led by Morado and AME Cloud Ventures. Link
  • IoT security startup, Axonius raised $4M in the Seed round led by YL Ventures. Link
  • Industrial security company SIGA Security raised $3.5M in the Series A round led by Awz Homeland Security. Link
  • Spinbackup, a cloud security provider for Google apps & G Suite raised $500k in the Seed round led by Aventures Capital. Link
  • Encryption based data security company, CipherLoc raised $475k in the post IPO equity from undisclosed investors. Link
  • Security automation & orchestration platform, Jask received undisclosed funding from Cylance’s founder Stuart McClure. Link
  • eSentire, a unified network security platform received undisclosed growth equity investment from Warburg Pincus. Link
  • Voice biometrics based anti-fraud solution provider, Uniphore raised an undisclosed Series B investment. Link
  • VPN based secure access provider Kesala acquired by Silent Circle in an undisclosed deal. Link
  • Inside Secure acquired Meontrust, a user authentication and transaction authorization provider in an $5.97M deal. Link
  • Forcepoint acquired RedOwl Analytics, a UEBA-based security analytics provider company in an undisclosed deal. Link
  • SolarWinds MSP acquired SpamExperts, an email security provider in an undisclosed deal. Link
  • Juniper Networks announced to acquire ML-based network security analytics company, Cyphort in an undisclosed deal. Link

SOME INTERESTING STARTUPS FOUND

Cysur (2017, Ramat Gan) – AI-based cyber risk assessment and incident prediction platform
Mmic Security (2017, Herndon) – Hardware tool for an automated penetration testing
CipherSip (2017, Haifa) – Embeddable automotive cybersecurity platform

LEADER BOARD – ENTERPRISE SECURITY

Suite
Symantec (1982, Mountain View, IPO) – Enterprise security solution suite for enterprise & personal users. Went IPO in 1989.

Kaspersky (1997, Moscow, $200M) – Security solution suite for businesses and consumers, Backed by General Atlantic.
Palo Alto Networks (2005, Santa Clara, IPO) – Enterprise security vendor focused on the security of network, cloud, endpoint & BYOD devices, security analytics & intelligence. Went IPO in 2012.

Network Security
Barracuda Networks (2002, Campbell, IPO) – Appliance based network threat detection solutions. Went IPO in 2013.

Zscaler (2008, San Jose, $148M) – Network traffic analysis for application profiling and cloud security. Backed by LSVP, Google Capital, TPG, EMC.
ForeScout (2000, Tel Aviv, $120M) – Continuous monitoring and intelligence based threat detection and policy-based mitigation platform. Backed by Accel Partners, Intel Capital, Amadeus Capital, Meritech Capital.

BYOD Security
Blackberry (1984, Waterloo, IPO) – Enterprise Mobility Management suite company. Went IPO in 1999.

Good Technology (1996, Sunnyvale, $522M, Acq.) – Enterprise mobility & security solution. Acquired by Blackberry in 2015. 
Lookout (2007, SF, $284M) – Mobile security against zero-day threats. Backed by Accel, A16Z, Greylock.
Airwatch (2003, Atlanta, $225M, Acq.) – Enterprise mobility management & security for BYOD. Acquired by Vmware in 2014.

Endpoint Security
Tanium (2007, Berkeley, $401.5M) – Helps manage and secure enterprise endpoints. Backed by A16Z, TPG, IVP, Franklin Templeton.

Crowdstrike (2011, Irvine, $256M) – Cloud and machine-learning based endpoint security platform. Backed by Accel Partners, Rackspace, Telstra, CaiptalG.
AVG (1991, Amsterdam, Acq.) – Anti-virus solution on endpoint devices for online security. Acquired by Avast in 2016. 

Cloud Security
Illumio (2013, Sunnyvale, $267M) – Visibility and control over workloads running in any data center. Backed by Accel, A16Z.

Netskope (2012, Los Altos, $231M) – Cloud access security broker solution for the enterprise. Backed by LSVP, Accel, Social+Capital Partnership, Iconic Capital.
Armor Defense (2009, Richardson, $149M) – Cloud infrastructure security & secure cloud hosting service. Backed by The Stephens Group, Performance Edge Partners, Arizona Tech Investors.

Application Security
Veracode (2006, Burlington, $114.5M, Acq.) – Automated static, dynamic and mobile application security testing service. Acquired by CA Technologies in 2017.
Checkmarx (2006, NYC, $98.5M) – Static code analysis tools to identify security vulnerabilities in uncompiled code. Backed by Insight Partners, Salesforce.

HackerOne (2012, SF, $74M) – Vulnerability Disclosure & internet security bug bounty programs. Backed by NEA, Benchmark Capital, Dragoneer Investment Group. 

Identity & Access Management
Okta (2008, SF, IPO) – Secure identity management and single sign-on. Went IPO in 2017.

ForgeRock (2010, SF, $140M) – Unified secure digital identity & access management platform. Backed by Accel Partners, KKR, Foundation Capital, Meritech Capital.
Ping Identity (2002, Denver, $137M, Acq.) – Identity management solution for federated access to applications. Backed by DFJ, KKR. Acquired by Vista Equity Partners in 2016.
Centrify (2004, Sunnyvale, $94M) – Unified identity management solutions for both privileged and end-users. Backed by Samsung Ventures, Docomo Capital, Accel, Mayfield.

Security Analytics
Tenable Networks (2002, Columbia, $310M) – Continuous network monitoring & vulnerability management solution. Backed by Accel & Insight Partners.

Sumo Logic (2010, Redwood City, $236M) – Cloud-based network log management and analytics. Backed by DFJ Growth, IVP, Sequoia, Accel, Greylock, Sapphire Ventures.
Darktrace (2013, Cambridge, $180M) – UEBA analytics based insider threat detection platform. Backed by Insight Venture Partners, KKR, SoftBank, Summit Partners.
Skybox Security (2002, San Jose, $144M) – Risk Analytics & remediation recommendation of enterprise threats. Backed by SGEP, Providence Equity, LSVP, Benchmark.

Threat Intelligence
LookingGlass Cyber (2006, Arlington, $104M) – Threat intelligence-based security & dynamic threat defense. Backed by New Spring Capital, Alsop Louie Partners, Vital Financial.

Zerofox – Social media security & enterprise risk management. Backed by Silver Lake, Redline Capital, NEA, Silicon Valley Bank, TCP Venture Capital.
Prevalent (2004, Warren, $72M) – Partner cyber-risk management solution. Backed by Insight Venture Partners, Spring Mountain Capital, Fulcrum Equity Partners.
RiskIQ (2009, SF, $68M) – External threat management and intelligence platform. Backed by Summit Partners, Battery Ventures, Georgian Partners, MassMutual Ventures.

Data Security
Druva (2008, Pune, $200M) – Cloud data protection, DLP, and information management & backup. Backed by Sequoia, Tenaya Capital, Riverwood Capital, Orios Venture Partners.

SafeNet (1983, Belcamp, $139M, Acq.) – Encryption & Key Management based data security. Acquired by Gemalto in 2014.
Digital Guardian (2003, Waltham, $125M) – Endpoint data loss prevention solution. Backed by Fairhaven Capital, Mass Mutual, Siemens Finance.
Ionic Security (2011, Atlanta, $122M) – Centralized policy, encryption and control based data security. Backed by KPCB, Google Ventures, Goldman Sachs, Tech Operators, JAFCO, FF VC, Meritech Capital Partners.

Website Security
CloudFlare (2009, SF, $182M) – Security and performance solutions for websites using a collective intelligence of its network community. Backed by USV, NEA, Qualcomm Venture, MS Ventures, GV.

StackPath (2015, Dallas, $180M) – Cloud-based WAF, secure CDN & VPN service. Backed by ABRY Partners.
Shape Security (2011, Mountain View, $131M) – Website security by making subtle transmutation of underlying HTML page code of web pages, deceiving attackers. Backed by KPCB, GV, NVP.

Email Security
MimeCast (2003, London, IPO) – Saas-based email security by re-routing and analyzing emails. Went IPO in 2015.

Proofpoint (2002, Sunnyvale, IPO) – Email security based on secure email gateways. Went IPO in 2012.

Anti-Fraud
Lifelock (2005, Tempe, $178M, Acq.) – Identity theft protection & payment fraud prevention. Acquired by Symantec in 2017.

Pindrop Security (2011, Atlanta, $122M) – Machine learning and multi-factor analysis based phone fraud detection and prevention. Backed by Google Capital, A16Z, IVP, Felicis.
Signifyd (2011, Palo Alto, $106M) – Cloud-based digital fraud & chargeback prevention solution. Backed by a16z, American Express, IA Ventures, Menlo Ventures.

Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest update, visit Enterprise Security feed

Tracxn – Analyst Notes # 1213 – AgriTech

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RECENT NOTABLE ACTIVITY – AGRITECH

  • John Deere, a tractor and off-highway machinery conglomerate, has announced that it has signed a definitive agreement to acquire Blue River Technology, a developer of robots for farm operations, for $305M. Link 
  • MycoTechnology, a developer of food processing technology platform for filtering compounds raised $35M in series B round of funding led by S2G Capital, Bunge Ventures Ltd., and Emerson Collective with a participation from Health For Life Capital / Seventure Partners, Middleland Capital, Tao Capital Partners, Eighteen94 Capital, Continental Grain, GreatPoint Ventures, Closed Loop Capital and Windy City, LLC. Link
  • NewLeaf Symbiotics, a developer of pink pigmented facultative methylotrophs and solutions to deliver these to crops closed its $30M series C round of funding led by Monsanto Growth Ventures and Otter Capital with a participation from S2G Ventures, The Yard Ventures, Lewis & Clark Ventures, Rockport Capital, Pangaea Ventures and Open Prairie Ventures. Link
  • Descartes Labs, a developer of deep learning platform that uses satellite imagery raised $30M in series B round of funding led by March Capital Partners with a participation from Crosslink Capital, Data Collective, Correlation Ventures, Cargill and Cultivian Sandbox. Link
  • Memphis Meats, a cellular agriculture company developing cultured meat raised $17M in series A round of funding from DFJ, Bill Gates, Richard Branson, Atomico, Inevitable Ventures, KBW Investments, Fifty Years, SOSV, New Crop Capital and Cargill. Link
  • Agrible, developer of digital predictive tools for farm operations raised $4.1M in series A round of funding led by Serra Ventures and Maumee Ventures with a participation from Archer Daniels Midland Company and Flyover Capital. Link
  • Organic Nutrition, a developer of aquaponic systems raised $6.5M ($5M in debt and $1.5M in series A) from Bank of Central Florida. Link
  • iUNU Inc., a developer of computer vision powered solution for greenhouses raised $6M in series A round of funding from Initialized Capital, Liquid 2 Ventures, Second Avenue Partners and Fuel Capital. Link
  • Plant Impact, a developer of foliar sprays and seed coatings for crop nutrition and trait improvement raised $5.1M of equity financing on LSE. Link
  • SWIIM System, a developer of platform for integrated irrigation and water rights management raised $4.5M in series B round of funding from COSTA Asset Management. Link
  • C2Sense, a developer of gas sensing technology for use across the food value chain raised $3.2M in seed round of funding from The Engine, Dream Incubator, Propel(x), Boston Millennia Partners, Castor Ventures, Newlin Investment Campany, TLP, Breakout Labs and Cranberry Capital. Link
  • Front Range Biosciences, a cannabis consultation services provider raised $3M in bridge round of funding from Phyto Partners, Salveo Capital, Sand Hill Angels, HBS Alumni Angels New York, New York Angels, Anthill, CanopyBoulder and Halley VP. Link
  • Traptic, a developer of automated strawberry harvesting machine raised $3M in seed round of funding. Link
  • Tortuga AgTech, an integrated business for cultivation in soil-based automated greenhouses and supply of produce raised $2.6M in seed round of funding. Link
  • Osmo Systems, a developer of monitoring systems for hydroponic and aquaculture farms raised $2.3M in seed round of funding. Link
  • Eden Shield, a developer of agrochemicals for crop protection from desert plants raised $2M in seed round of funding from OurCrowd. Link
  • Fair Insects, a consortium of breeders of mealworm cricket and locusts was acquired by Protix for an undisclosed amount. Link

SOME INTERESTING STARTUPS FOUND

Cystellar (2017, Cambridge) – Developer of cloud based software platform using predictive analytics for precision agriculture.
Greenbot (2015, Ho Chi Minh City) – Developer of integrated hardware and software platform for sensing and controlling 
small scale hydroponic farms.

LEADER BOARD – AGRITECH

Precision Ag
Farm Data and Analytics – Integrated Platforms
The Climate Corporation (2006, SF, $109M, Acq.) – Hardware and software solutions provider for hyper-local weather and farm data with predictive analysis for insurance products. Sold off its insurance business to AmTrust North America in July 2015. Acquired by Monsanto in 2013.

Farmers Edge (2005, Winnipeg, $44M) – Hardware and software solution provider for continuous monitoring of farm fields and predictive analysis for management decision support.

Farm Data and Analytics – Software Platforms
Farmers Business Network (2014, Davenport, $88M) – Precision agriculture solutions through big data analysis of data gathered from farmers and agriculture machinery. Backed by Kleiner Perkins, DBL Partners, and GV.

Field Operations
AutoAgronom (1988, Yokneam Illit, $180M) – Sensor based measurement of physical and chemical changes in root zone supplemented with computerized analysis and fuzzy control algorithms to automatically activate irrigation and fertilization.

Novariant (1994, Fremont, $60.5M) – Sensor based auto steering hardware solutions for GPS-based navigation through tablets. Backed by Sierra Ventures, Ridgewood Capital, Clearstone.
Blue River Tech (2011, Sunnyvale, $30M, Acq.) – Develops automated technology solutions which use computer vision for identification and selective killing of unwanted weed. Backed by Khosla Ventures, DCVC, Innovation Endeavors, Pontifax Agtech. Acquired by John Deere.
Harvest Automation (2007, Billerica, $28M) – Developer of robotic machinery for farming operations. Backed by Founder Collective, Entree Capital, Cultivian, MassVentures.
Feedlogic (2002, Wilmar, $2M) – Automated feeding machines along with data recording platform for livestock farmers in the USA. Backed by unknown private investors.

BioTech
Farm Inputs – Seeds
Monsanto (1901, St. Louis, IPO) – Developer of genetically modified (GM) seedlings to mitigate risks associated with biotic and abiotic stresses in crops. Went public in 2000. Acquired by Bayer in 2016.

Syngenta (2000, Basel) – Developer of genetically modified crops and biological agrochemicals apart from engaging in genomic research.
DuPont Pioneer (1926, Des Moines) – Developer of hybrid (non-GM) and GM seeds to mitigate risks against insects, pests and other diseases.

Farm Inputs – Biologicals
Indigo (2013, Cambridge, $163.5M) – Earlier known as Symbiota, it is building technology for delivery of selective plant microbes through seed coatings.

AgBiome (2012, Raleigh, $52M) – Developer of biological agrochemicals for crop protection against soil-borne diseases. Backed by Gates Foundation, Monsanto Growth Ventures, Syngenta Ventures, ARCH Venture Partners, UTIMCO, Polaris Partners, Pontifax Agtech, Harris+Harris Group.
Agrivida (2002, Medford, $61M) – Specially engineered enzymes for the nutrition of livestock animals. Backed by KPCB, Middleland Capital, ARCH Venture Partners, Cultivian, DAG Ventures, Bright Capital, Northgate, Prairie Gold.
Zymergen (2013, Emeryville, $174M) – Combination of synthetic biology and machine learning to engineer industry relevant microbes to manufacture chemicals and new materials. Backed by Softbank, Data Collective Venture Capital, True Ventures, AME Cloud Ventures, Iconiq Capital, DFJ, Innovation Endeavours, Two Sigma Ventures, Prelude Ventures, Tao Capital.

Infrastructure
Advanced Animal Diagnostics (2001, Morrisville, $36M) – Diagnostic infrastructure provider for real-time animal health monitoring through white blood cell levels in animals. Backed by Middleland Capital, Cultivian, Kansas Bioscience Authority, LabCorp, Intersouth Partners, Novartis Venture Fund.

Tech Platforms
Kaiima (2006, Lower Galilee, $91M) – Tech platform to enhance inherent productivity and resource
usage efficiency in food and feed crops. Backed by KPCB, DFJ, Horizons Ventures, Tamir Fishman.

Waste Management
Cool Planet (2009, Camarillo, $143M) – Utilizes patented process to convert non-food biomass to gasoline and organic soil nutrients. Backed by Northbridge, UBS, Google Ventures, Energy Technology Ventures, Concord Energy, Sustainable Conversion Ventures, British Petroleum.

Wiserg (2010, Issaquah, $37M) – Devices to convert grocery waste into a nutrient rich liquid which can be used as fertilizer for agriculture.

Cellular Ag
Impossible Foods (2011, Redwood City, $258M) – Beef-substitute made from a protein called Heme extracted from plants. Backed by Khosla Ventures, Google Ventures, UBS, Horizon Ventures, Viking Global.

Breeding Tech
Prairie Plant (1988, Saskatoon,$6.4M) – Plant breeding research to produce berry and other fruit plants for orchards. Backed by WestCap.

Genetically Modified Organisms (GMO)
Oxitec (2002, Abingdon, $20M) – Develops genetically modified pests which act as anti-pests to suppress the population of disease-causing pests in crops. Backed by Oxford Capital, East Hill.

Farm Business Management
Field Crops – Field Management
Granular (2014, SF, $23M, Acq.) – Farm management software for collection and analysis of data related to farm business processes and planning of resources. Backed by A16Z, Google Ventures, Khosla Ventures, Tao Capital, Fall Line Capital, Emory Investment Management. Acquired by DuPont.

Agribusiness
Cultivation – Algae
Sapphire Energy (2007, San Diego, $290M) – Cultivation of algae and using it as a biomass source for production of crude oil. Backed by Monsanto Growth Ventures, ARCH Venture Partners.


Infrastructure
Irrigation
Netafim (1965, Tel Aviv) – Manufactures components for drip irrigation and develops smart irrigation systems. Backed by Permira and Tene Investment Fund.

Aquaculture – Full Stack System
GFA Advanced Systems (2008, Kadima, $5M) – Developer of zero discharge intensive aquaculture system. Backed by Linnaeus Capital.

Market Linkages
Supply Chain – Farm Inputs
CloudFarm (2013, Beijing, $26M) – Online retailer of Agri inputs including seeds, fertilizers, agrochemicals, farm equipment, etc.

Supply Chain – Farm Produce
Meicai (2014, Beijing, $253M) – B2B mCommerce for fruits and vegetables. Backed by Zhen Fund and Blue Lake Capital.

Finance
ProducePay (2014, Los Angeles, $9.5M) – Digital Platform for real-time tracking of produce movement and arrangement of collateral and loans. Backed by CoVenture, Menlo Ventures, Arena Ventures, Red Bear Angels, Social Leverage, and ELab.

Indoor Agriculture
AgriBusiness – Cultivation
Plenty (2013, SF, $226M) – Indoor soil-less cultivation of vegetables, leafy
greens and salads. Backed by SoftBank Group, Innovation Endeavors, Bezos Expeditions, Data Collective, Finistere Ventures and DCM Ventures.
Sundrop Farms (2009, London, $100M) – Hydroponics cultivation of fruits and vegetables while using renewable energy resources in greenhouses. Backed by KKR.
AeroFarms (2004, NYC, $90M) – Cultivation of leafy greens in soil-less growth medium using aeroponics. Backed by Middleland Capital, Wheatsheaf, GSR Ventures, Mission Point Capital, Meraas and GSR Ventures.

Infrastructure – Hydroponics
GrowLife (1987, Seattle, IPO) – Provides urban hydroponic / soil-less farming systems, components and cultivation supply products. Went public in 2011.

Grodan (1969, Milton) – Vegetative and steerable substrates for indoor cultivation of horticultural crops.

Infrastructure – Lighting
Illumitex (2005, Austin, $73M) – Developer of LED lighting solutions for horticulture, industrial and other
use. Backed by NEA, Morgan Creek, Apex, WPG, Syngenta Ventures.

Technology Providers – Data Collection and Analysis
Agrilyst (2015, NYC, $1M) –
Software platform for farm data and analytics in indoor farms. Backed by Brooklyn Bridge Ventures, Metamorphic Ventures.

Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates visit AgriTech feed.

Tracxn – Healthcare Newsletter # 116 – Fitness & Wellness

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – FITNESS AND WELLNESS

  • Headspace, a mobile app offering guided meditation sessions and mindfulness training, has raised $37M in Series B funding from Spectrum Equity. Link
  • Happify, an online platform offering solutions for mental & emotional wellbeing, has raised $9M in Series B financing from an undisclosed investor. Link
  • 8 Fit, a mobile app that offers workout and nutrition plans raised $7M in a Series A funding round led by Creandum and Eight Roads Ventures. Link
  • LVL Technologies, a company developing wearable sensors to monitor hydration levels, has raised $7M in a Series A financing round led by the Samsung Catalyst Fund and Maxim Ventures. Link
  • Welltory, a digital health startup offering stress & energy management app, has raised $1M in Angel funding by undisclosed investors. Link
  • PurelyB, a Malaysia-based health & wellness portal raised $300K via equity crowdfunding platform ATA Plus. Link
  • Meditation Studio, an app providing guided meditation lessons, has raised $202K in a seed funding round. Link
  • Voomfit, an online platform to book fitness and wellness services, has raised $193K in an Angel funding round. Link
  • CureFit launched new product Mind.fit to offer meditation and other mental fitness services. Link

SOME INTERESTING STARTUPS FOUND

Gixo (2016, San Francisco) – Gixo offers live video-based fitness classes through the mobile app.
Unyte (2016, Toronto) – Unyte offers a VR environment-based interactive meditation system.

LEADER BOARD – FITNESS AND WELLNESS

Physical Fitness – Tracking & Monitoring
Codoon (Chengdu, 2011, $90M) – Smart Wearables and fitness social network for users. Backed by Shenzhen Capital Group, SIG China, SBCVC, CITIC Capital, Focus Media, FountainVest Partners and Shanda Group.

Fitbit (SF, 2007, IPO) – Wireless wearable sensors to track person’s activities. Went public in 2015.
Athos (Redwood City, 2012, $51M) – Smart fitness tracking apparel connected through app. Backed by  Social Capital, MAS Holdings, Lightspeed Venture Partners, Felix Capital, DMC USA LTD, True Ventures, and DCM Ventures.

Physical Fitness – Fitness Services
ClassPass  (NYC, 2011, $154M) – Membership programs for fitness classes across multiple gyms. Backed by SV Angel, Mayfield, Charles River Ventures and 18 other investors.

KFit (Kuala Lumpur, 2015, $15M) – Membership pass for various gyms and fitness studios. Backed by Sequoia Capital, 500 Startups, SIG, Mavcap, Asia Venture Group, SXE Ventures, InnoVen Capital, SEGNEL Ventures, Intres Capital, and Venturra Capital.

Physical Fitness – Digital Fitness Solutions
Keep (Beijing, 2014, $37.5M) – Video-based workout guide and progress monitoring tool. Backed by GGV Capital, Morningside Group, Ventech China, and Bertelsmann Asia Investment Fund.

Hotbody (Beijing, 2014, $27M) – Fitness community and an app to remotely consult professional coaches. Backed by Hupu, Meridian Capital China, Greenwoods Investments and The Arena Capital.
Grokker (San Jose, 2012, $22.5M) – On-demand fitness, yoga, meditation, and healthy cooking videos. Backed by First Round Capital, SV Angel, Khosla Ventures, Correlation Ventures, InterWest Partners, Comcast Venture and Aspect Ventures.

Physical Fitness – Exercising Solutions
Peloton Cycle (NYC, 2012, $444M) – Fitness bike with access to live and on-demand classes. Backed by  Wellington Management, Fidelity Investments, KPCB, True Ventures, GGV Capital, Balyasny Asset Management, Comcast, L Catterton, Tiger Global Management, Grace Beauty Capital, Tugboat Ventures, and Brand Foundry Ventures.

Zwift (London, 2014, $45M) – Indoor cycling workouts with gamification. Backed by Shasta Ventures, COLOPL, Samchuly, Waypoint, and Novator Partners.
Interactive Fitness (Sunnyvale, 2009, $41M) – Bikes for indoor cycling with gamification. Backed by Silicon Valley Bank, Sierra Ventures, Physic Ventures and Enterprise Partners Venture Capital

Physical Fitness – Social Platform
Strava (SF, 2009, $35M) – Strava is the social network for athletes. Backed by Sequoia Capital, Sigma Partners, Jackson Square Ventures and Go4It.

Joyrun (Guangzhou, 2014, $18M) – Social networking application for jogging. Backed by Innovation Works, Qihoo 360 and The Arena Capital.

Content Platforms
Healthination (NYC, 2005, $14M) – Health and wellness video provider. Backed by Intel Capital and MK Capital.

Greatist (NYC, 2011, $8M) – Digital media company publishing health & fitness content. Backed by  StartUp Health, Floodgate, Vayner RSE, and Riverpark Funds.

Tools for Fitness Professionals
Mindbody (San Luis Obispo, 2001, IPO) – Marketplace booking and business management SaaS for wellness centers. Went public in 2015.

Netpulse (SF, 2009, $52M) – Member engagement SaaS platform for fitness clubs. Backed by Javelin Venture Partners, Nokia Growth Partners, August Capital, Frontier Venture Capital, Bally Fitness, DOCOMO Innovations, Javelin Venture Partners, and DFJ Frontier.

Commerce
HealthKart (Gurgaon, 2011, $34.5M) –  An online store for fitness and health products. Backed by Kae Capital, Sequoia Capital, Intel Capital, and Omidyar Network.

Nu3  (Berlin, 2011, $7M) – An online retail platform for health & fitness related products. Backed by Lakestar, Project A Ventures, Alternative Strategic Investments and Black River Ventures.

Mind & Body Wellness- Sleep Management
Sleepace (Shenzhen, 2012, $18M) – Connected sleep tracking devices to monitor user’s sleep quality. Backed by Ximalaya, Jingdong Group, Gobi Partners, and AV Capital.

Mind & Body Wellness – Stress Management
Happify (NYC, 2011, $22M) – Platform for improved mental & emotional health through gamification. Backed by btov Partners, Mangrove Capital Partners, Bridge Builders Collaborative, Founder Collective, TA Ventures.

Mind & Body Wellness – Mindfulness & Meditation
Headspace (LA, 2010, $74M) – Guided meditation sessions and mindfulness training. Backed by  Spectrum Equity, Advancit Capital, Allen & Company, Breyer Capital, Broadway Video, Deerfield, WME Entertainment, Refactor Capital.

Interaxon (Toronto, 2009, $18M) – Brain Sensing headband ‘Muse’ to help in meditation. Backed by Felicis Ventures, ff Venture Capital, Horizons Ventures, A-Grade Investments, OMERS Ventures, Build Ventures, Mindfull Investors, TownsgateMedia, and Flextronics Lab IX.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit Fitness and Wellness feed.


Tracxn – Energy Newsletter # 140 – Energy Storage

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RECENT NOTABLE ACTIVITY – ENERGY STORAGE

  • Gogoro, an Electric Scooter maker has raised $300M in its Series C round from Temasek, Generation Investment Management, Sumitomo and Engie to expand its services. Link
  • FreeWire Technologies is currently raising it Series A round being led by Stanley Ventures, to be closed by the end of October. Link
  • NuCurrent has raised $4.5M in a recent funding round as per SEC filings. Link
  • Tricopian, developer of the FuelRod kiosk-based mobile device charging service, has closed a funding round with Decathlon Capital Partners. Link
  • StoreDot, a quick charging technology developer has raised $60M in funding led by carmaker Daimler with participation from Samsung Ventures and Norma Investments. Link
  • Solid Power raises funding from A123 Systems to develop its cell manufacturing strategy. Link
  • Nikola Labs raised $2M in a new funding round that was led by an early stage investment group in Europe. Link
  • Micropower Labs, a technology innovation startup has been awarded $80k grant from Government of Queensland, Australia. Link
  • Cymbet, a solid state energy storage solution developer, raised $600k Debt as per SEC filings. Link
  • Gridtential raised $11M in its Series B funding round from 1955 Capital, East Penn Manufacturing, Crown Battery Manufacturing, Leoch International and Power-Sonic Inc. Link

SOME INTERESTING STARTUPS FOUND

NuLeaf Tech (Los Altos, 2015) – NuLeaf Tech is an early stage startup that is developing a plant microbial fuel cell (PMFC). The company is in the process of developing a technology for creating artificial wetland and plant microbial fuel cell in a park that treats wastewater and creates electricity. They treat water contaminated by biological waste on site by mimicking ecosystem processes. Their PMFC uses wetland microbes to clean water with simple biological waste and energy is created through the microbe’s digestion of the waste.

LEADER BOARD – ENERGY STORAGE

Batteries
Energizer (1896, St.Louis, IPO) – Energizer is the oldest battery manufacturer in the world. The company has launched multiple product lines, one of them being the Inductive Charger to the world’s first AA battery made with 4% recycled batteries. The different types of battery manufactured are AAA,AA,D,9V, Photo batteries, Hearing Aid batteries etc. Two major brands are Energizer and Eveready. Went public in June, 2015.

Boston Power (2005, Westborough, $638M) – Boston-Power develops and manufactures batteries which charges faster, lasts longer, performs better and is safer than what’s currently on the market. The technology can be used in electronic devices like  laptops, PDAs and mobile phones. Backed by GSR Ventures, Oak Investment Partners, Foundations Asset Management, Venrock, GGV Capital and Gabriel Venture Partners.

Energy Storage Systems
BYD (1996, Shenzhen, IPO) – BYD is a tech enterprise in China specializing in IT, automobile, and new energy. They are the largest supplier of rechargeable batteries in the globe, and has the largest market share for Nickel-cadmium batteries, handset Li-ion batteries, cell-phone chargers and keypads worldwide. Went public in August, 2002.

Sonnen (2010, Wildpoldsried, $98M) – Sonnen offers energy storage system which are integrated with solar systems. The product is targeted at commercial and domestic power consumers for better demand management which will enable users to harvest solar power at night by storing them in batteries and use the device’s inbuilt energy management system to consume the power in an efficient way. Backed by Envision Energy, GE Ventures, Inven Capital, Munich Venture Partners, ECapital and SET Ventures

Fuel Cell
Ballard Power Systems (1979, Burnaby, IPO) – Ballard Power Systems designs, develops and manufactures hydrogen fuel cell products for residential co-generation, back-up power, and heavy duty applications. The company operates in three segments Power Generation, Automotive, and Material Products. Went public in November, 1995

Bloom Energy (2001, Sunnyvale, $1.2B) – Bloom Energy builds solid oxide fuel cell technology to convert natural gas into electricity. The company offers distributed generation, energy server service (each Bloom Energy server provides 200kW of power) and energy server architecture. Backed by KPCB, NEA, Goldman Sachs among others.

Component Developer
Manz (1987, Reutlingen, IPO) – Manz is a leading provider of production equipment for lithium-ion battery cells, battery systems, super-capacitors and capacitors. The products manufactured by the company are production solutions for lithium-ion batteries and capacitors in e-mobility and stationary energy storage Went public in September, 2006.

Nexeon (2006, Abingdon, $167M) – Nexeon is a battery materials and licensing company with a unique silicon anode technology. Their technology unlocks the potential of silicon to deliver increased capacity without compromising lithium-ion battery cycle life, and  provides lighter batteries with more power and longer lifetime between charges. Backed by Imperial Innovations and Invesco Perpetual.

Charging Solutions
CyberPower Systems (1997, Shakopee, IPO) – CyberPower Systems designs and manufactures uninterruptible power supply (UPS) systems, power distribution units (PDUs), surge protectors, mobile charging devices, connectivity devices and Fiber-to-the-Premise (FTTx) backup power solutions. Went public in January, 2010.

ChargePoint (2007, Campbell, $298M) – Chargepoint is an electric vehicle infrastructure company that offers a network of public charging stations. ChargePoint operates EV charging network and also designs, builds, and supports the technology that powers it.

Battery Management
Younicos (2006, Berlin, $50M) – Younicos offers battery parks which are 3,000 times faster than conventional power plants enabling them to balance fluctuations in the grid much more precisely and efficiently. The company offers hybrid batteries and battery technology which make batteries intelligent and efficient. They provide micro grid system in remote areas with renewable energy supply and storage technology. Backed by First Solar and Grupoecos.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates visit Energy Storage feed.

Tracxn – Energy Newsletter # 141 – Smart Grid

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RECENT NOTABLE ACTIVITY – SMART GRID

  • CyanConnode Holdings raised $11.4M through a placing of shares post-IPO. Link
  • Sympower, a smart energy startup, raised $1.2M from Angel Investors and Investment fund Enfuro Ventures. Link
  • Labrador has raised $1.3M in its Seed funding round led by Hambro Perks. Link

SOME INTERESTING STARTUPS FOUND

Modularity  (2017, London) –  Modularity is a virtual power plant, that leverages artificial intelligence and blockchain, for autonomous real time control and management of the generation of electricity from prosumers with distributed resources (solar, batteries etc.) for distribution. This enables seamless demand-based sharing of electricity within an ecosystem of consumers, prosumers and producers. iT enables owners of rooftop solar, batteries etc. who are connected to a grid, to sell their surplus electricity directly to their neighbours

LEADER BOARD – SMART GRID

Horizontal
Silver Spring Networks (2002, Redwood City, IPO) – End-to-end smart grid solutions provider. Backed by KPCB, Google Ventures, Foundation Capital, Northgate Capital Group and DFJ Growth. Went Public in March 2013.

LandisGyr (1896, Zug, $265M, Acq.) – End-to-end smart grid solutions provider. Acquired by Toshiba in May 2011.

Advanced Metering Infrastructure – Smart Meters
Elster (1994, Ocala, Acq.) – Provide AMI and AMR metering solutions for electricity, gas and water segments. Acquired by Honeywell in December 2015.

Advanced Metering Infrastructure – Communication Systems
Power Plus Communications (2001, Mannheim, $15M) – Broadband powerline communication systems for smart grids,smart metering, and smart homes.Backed by Siemens Venture Capital, British Gas, Climate Change Capital, Siemens Financial Services.

Advanced Metering Infrastructure – Meter Data Management
eMeter (1999, San Mateo, $69M, Acq.) – Offer software solutions and meter data management software. Backed by Sequoia Capital, Northgate Capital Group, Foundation Capital, DBL Investors and Siemens Venture Capital. Acquired by Siemens in December 2011.

Load Management
Ice Energy (2003, Santa Barbara, $92M) – Energy storage system and demand side management for the smart grid. Backed by Energy Capital Partners, Second Avenue Partners, Good Energies and Goldman Sachs.

Green Charge (2009, Santa Clara, $66M) – Load balancing using battery storage devices. Backed by TIP Capital, K Road DG. Acquired by Engie in May, 2016.

Transmission Automation
Smart Wires (2014, SF, $79M) – Smart wires to push power from overloaded line to under utilized lines. Backed by RiverVest Venture Partners, Jane Capital Partners, ARPA-E.

Distribution Automation
Gridco Systems (2010, Woburn, $54.5M) – End-to-End hardware and software platform to solve distribution challenges. Backed by General Catalyst Partners, North Bridge Venture Partners, Lux Capital, RockPort Capital, Reinhausen.

Utility Services – Network Operations Platform – Suite Solutions
Trilliant Networks (1985, Redwood City, $146M) – Provides single dashboard management of an entire smart grid infrastructure. Backed by MissionPoint Capital Partners, Zouk Capital, VantagePoint Capital Partners, GE, ABB and Capital Growth Investments.

Utility Services – Network Operations Platform – Distributed Energy Resources
GridPoint (2003, Arlington, $294M, Acq.) – Energy management solution(EMS) provider with  real-time data collection, big data analytics and cloud computing to maximize energy savings. Backed by Goldman Sachs, Advantage Capital Partners, Skypoint Capital, Altira Group. Acquired by TFC Utilities in November 2015.

Utility Services – Energy Management Solutions – Suite
Opower (2007, Arlington, $65.5M, Acq.) – Cloud-based software comprising energy reports and demand response programs. Backed by New Cycle Capital, Accel Partners and KPCB. Acquired by Oracle Corporation in May 2015.

Nexant (2000, SF, $65M) – Cloud-based business process management software platform for utilities to analyze the demand response. Backed by Oak Investment, Intel Capital, TeleSoft Partners and Beacon Capital.

Utility Services – Energy Management Solutions – Customer End
Tendril (2004, Boulder, $124M) – Cloud-based software platform which provides the infrastructure, analytics, and personalized energy services for demand response. Backed by VantagePoint Capital,  Vista Ventures, Access Venture Partners, Appian Ventures and Siemens Venture Capital.

FirstFuel (2011, Lexington, $45M) – Building-wide energy analytics that help utilities and government agencies deliver energy efficiency across commercial building portfolios. Backed by Next World Capital, Battery Ventures, Vast Ventures, Nth Power, RockPort Capital, E.on, Electranova Capital, Idinvest Partners.

Utility Services – Energy Management Solutions – Utility End
Space-Time Insight (2008, San Mateo, $54.5M) – Real-time analytics by capturing data from various assets. Backed by  Informatica, Opus Capital, NEC Corporation, EnerTech Capital, Novus Energy Partners, Start Up Farms International, Zouk Capital, E.on.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit Smart Grid feed

Tracxn – Energy Newsletter # 143 – Electric Vehicles

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A daily newsletter summarizing recent activity & interesting start-ups globally

RECENT NOTABLE ACTIVITY – ELECRTIC VEHICLES

  • Romeo Power closed a $30M Seed funding round to develop batteries with at-least 25 percent more energy density. Link
  • Gogoro, the Electric Scooter manufacturer has raised $300M in its Series C funding led by Temasek, Generation Investment Management, Sumitomo Corporation, and ENGIE. Link
  • Lilium Aviation, a German Flying Car developer has raised $90M in its new round of funding from Tencent, LGT, Atomico and Obvious Ventures. Link
  • Rimac Automobili has secured $32.4M in its Series B funding from the Camel Group. Link
  • StoreDot, a battery startup, has raised $60M in its third round of funding, led by Daimler’s Trucks division. Link
  • Tesla raised $1.8B in its first junk bond offering. Link
  • Hyliion, a Class 8 Hybridizing Company raised $21M in Series A Funding Led by Axioma. Link
  • Electrovaya completed its second tranche of private placement of its shares to raise $695k. Link
  • Bolt Mobility raised $2.8M from its Equity Crowdfunding campaign on Seedrs. Link
  • UQM Technologies raised $5.1M in its post-IPO fundraising round, from China National Heavy Duty Truck Group through its wholly owned subsidiary, Sinotruk. Link
  • GreenPower Motor Company closed the first tranche of private placement of its convertible debentures for $1.5M. Link
  • Envoy Technologies has been awarded a grant of $1.5M from the California Energy Commission. Link
  • CHJ Automotive,  an electric car manufacturer, has raised $15.4M in a funding round from the Leo Group. Link
  • Electra Meccanica raised $159k in a post-IPO round as per SEC Filings. Link
  • Efficient Drivetrains has raised $2.6M in a financing from an undisclosed investor. Link
  • BionX International, developers of Electric drive systems, has received $2.4M grant funding from the Canadian Government. Link
  • Zero Motorcycles has raised $2M in its Series B offering as per SEC Filings. Link
  • Freewire Technologies is raising its Series A funding being led by Stanley Ventures, a division of Stanley Black & Decker. Link

SOME INTERESTING STARTUPS FOUND

Electric Visionary Aircrafts (2017, Toulouse) – Electric Visionary Aircrafts is an early-stage company focused on developing electric aerial vehicles. The company is working on developing an electric aircraft. The company also aims to setup an electric aerial transportation service to allow people to fly within and across cities. The company plans to create the vehicle and launch the service by 2018.

LEADER BOARD – ELECRTIC VEHICLES

Automaker – Horizontal
Polaris Industries (1954, Medina, IPO) – Designs and manufactures on-road electric/hybrid vehicles, snowmobiles, off-road vehicles and all-terrain vehicles (ATVs). Went Public in September 1987.

FDG Electric Vehicles (1990, Hong Kong, IPO) – Manufactures electric vehicles for passenger and commercial use. Also manufactures battery packs and accessories. Went Public in November 2005.

Automaker – Cars
Tesla (2003, Palo Alto, IPO) – Designs and manufactures electric cars and residential energy storage products. Backed by Google, DFJ, VantagePoint Capital Partners, Compass Technology partners, Capricorn Invest Group, Daimler, Panasonic, Larry Page and Sergey Brin. Went Public in July 2010.

Beijing Electric Vehicle (2009, Shanghai, $2.1B) – Beijing Electric Vehicle is a subsidiary of Chinese automaker BAIC. The company focuses on the development of new energy vehicles in China. Backed by China Cinda Asset Management, Beijing Electronic Holdings Limited, Jingxi Venture, Daimler.

Automaker – Commercial Vehicles
Proterra (2004, Greenville, $400M) – Designs and manufactures heavy-duty drive, vehicle control systems and complete transit buses. Backed by KPCB, Hennessey Capital, General Motors Ventures, Constellation Ventures, 88 Green Ventures, Middle East Venture Partners.

Automaker – Scooters
Vmoto (2002, Perth, IPO) – Designs and manufactures two-wheeled electric vehicles. Went Public in February 2002.

Gogoro (2011, Taipei, $480M) – Develops electric scooters and battery swapping infrastructure for electric two-wheelers. Backed by Panasonic, National Development Fund of Taiwan.

Automaker – Motorcycles
Zero Motorcycles (2006, Scotts Valley, $141M) – Designs and manufactures high-performance electric motorcycles. Backed by Invus Group, California Energy Commission.

Automaker – Nontraditional
Segway (1999, Bedford, $102M, Acq.) – Designs and manufactures personal transportation two-wheeled self-balancing electric vehicles. Acquired by Ninebot in April 2015. Backed by KPCB, Intel, Masdar CleanTech Fund.

Charging Solutions – Charging Network
Volta Charging (2010, SF, $24M) – Develops network of free-to-use charging stations at retail locations. Backed by 500 Startups, Riverwood Capital, EPIC Ventures, Three Bridge Venture Partners.

NewMotion (2009, Amsterdam, $18M) – Develops network of electric vehicle charging station across Europe. Backed by Entrepreneurs Fund, Stichting DOEN.

Charging Solutions – Plug-in Charging
ChargePoint (2007, Campbell, $298M) – Provides electric vehicle charging stations and develops network of public charging stations. Backed by KPCB, Braemar Energy Ventures, Voyager Capital, Rho Ventures.

Charging Solutions – Wireless Charging
Evatran (2009, Wytheville, $16M) – Develops wireless electric vehicle charging solutions. Backed by New Richmond Ventures, US DOE, Zhejiang VIE Science & Technology.

Components – Electric Drive Systems
Protean Electric (2009, Troy, $154M) – Develops in-wheel electric drive system for hybrid and electric light-duty vehicles. Backed by Oak Investment Partners, GSR Ventures, Tianjin THSG Corporation.

Components – Batteries
Boston Power (2005, Westborough, $638M) – Develops fast charging Li-ion batteries. Backed by GSR Ventures, Oak Investment Partners, Foundations Asset Management, GGV Capital, Venrock.

Components – Motors
UQM Technologies (1967, Longmont, IPO) – Manufactures electric motors, generators and power electronic controllers for the transportation industry. Backed by US Department of Energy. Went Public in May 1992.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit Electric Vehicles feed.

Tracxn – Analyst Notes # 1227 – Field Force Automation

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RECENT NOTABLE ACTIVITY – FIELD FORCE AUTOMATION

  • FieldBuddy, a field service management software developer raised an undisclosed amount in Series A funding, led by Solid Ventures. Link 
  • IFS, enterprise software developer acquired Workwave, a cloud-based service management developer for an undislosed amount. Link 
  • MapAnything, a geo-analytics solution provider raises $6 Millon in debt financing from Square 1 Bank. Link 
  • Rhumbix, a field automation tools developer for the construction industry raised $6.8 Million from an undisclosed investor, Link 
  • Coredinate, a service management application developer raised Euro €1.9M in Series A funding led by High-Tech Grunderfonnds. Link 
  • Noticeboard, a communication platform developer raised undisclosed funding from Shamik Sharma and Aparmeya Radhakrishna. Link 
  • Schedule IT, a scheduling and routing application developer raised 365K from an undisclosed investor. Link 
  • WorkerSence, a safety management application developer raised $50K in private equity offering from an undisclosed investor. Link 
  • Pillar Technologies, a risk management platform developer raised $2.75M in seed round, led by XL Innovate. Link 
  • Kanhua, a collaborative network provider acquired Project DocControl, a project management solution developer for an undisclosed amount. Link 
  • FieldAssist, a cloud-based sales force automation tools developer raised undisclosed amount from SIDBI(Small Industries Development Bank of India). Link 
  • GoFormz, a form-based mobile application developer has raised $ 0.5M from an undisclosed investor. Link 
  • Housecall Pro, a service management application developer raised $ 11M in Series B funding from an undisclosed investor. Link 
  • Evatic, European leading service management solution developer acquired Winserv, a Swedish service management software developer for an undisclosed amount. The acquisition will help Evatic to expand its customer base to 800 companies across 30+ countries. Link 
  • Scanco Software, a warehouse management and manufacuring automation developer acquired Synergistic Software Solution, a job management tool developer for an undisclosed amount. Link

 SOME INTERESTING STARTUPS FOUND

CompanyCam (2015, Nebraska) AR-enabled photo evidence collection and management tools used by construction field teams to collect image evidence and generate field notes. The company had processed and collected over 10 million images from the 1 million projects created on its platform. 

LEADER BOARD – FIELD FORCE AUTOMATION

Maintenance Services Management
Astea (1979, Horsham, IPO) – Provides applications for lead generation, project quotation, service and billing, and asset retirement services for specific businesses requirements like campaigns, depot repair, field service, logistics, projects, field sales. It also offers infrastructure tools and services, went Public in 1995.

ServiceMax (2007, Pleasanton, $202M, Acq.) – A complete on-demand field service cloud-based solution built on the Salesforce1 platform, to manage post-sales service, field service supply chain. Acquired by GE Digital. Backed by Salesforce, Mayfield, Emergence Capital, KPCB, Trinity Ventures, Meritech Capital, Crosslink Capital, Adams Street Partners, Questmark Partners, Woodside Fund, Cross Creek Advisors, PTC, GE Ventures, Cloud Apps Capital Partners, Sozo Ventures.

Home Services Management
ServiceTitan (2012, Glendale, $98M) – Provides service and sales management software for services businesses. includes CRM, scheduling, dispatch, reporting, marketing management tools, mobile connectivity for field techs, GPS, Quickbooks integration and more. Backed by Bessemer Venture Partners, Iconiq Capital, Mucker Capital.

Construction
Procore Technologies (2003, Carpinteria, $181M) – SaaS based tool for construction project management, provides a mobile app for bidding, document management, budgeting, creating RFIs and managing contracts. Backed by Bessemer Venture Partners, Lead Edge Capital, Iconiq Capital, Lumia Capital, Tech Coast Angels, Persistence Partners, TenOneTen, MicroVenture Marketplace, O’Connor Ventures, Greater Pacific Capital.

Field Data Collection
ProntoForms (2001, Ottawa, IPO) – Platform for field personnel to help in data collection, surveys, inspections with features for customization, work orders etc. Backed by   Skypoint Capital, BDC Capital, CANARIE, Wesley Clover, Venture Coaches. Went Public on Canadian Venture Exchange in 2005.

Collaboration – Images & Video
Zinc (2013, San Francisco, $31.5M) – Provides an interface to facilitate communication between workforce which includes onsite and offshore workforce. Provides features secure message interface, broadcast support, media sharing which include audio and video, file & location sharing, report generation and analytics solution and others. Backed by Charles River Ventures, Emergence Capital, Hearst, GE Ventures.

UpSkill (formerly APX Labs) (2010, Herndon, $29M) – Provides software platform Skylight SDK that companies use to create smart glasses applications.Used to sell optical wearable technologies to the military for applications ranging from connecting soldiers to unmanned aerial vehicles for medics in the field; before it focused on industrial applications. Backed by Salesforce, GE Ventures, NextGen Angels.

Oil & Gas Field Services
LiquidFrameworks (2001, Houston, $5M) – Provides field management solutions for energy and environmental industry, streamlining processes between operations, field personnel, and accounting reducing DSO (Days Sales Outstanding). Features include sales quotes, equipment and personnel tracking, scheduling and dispatching, service tickets, domain specific functionality for oilfield, industrial and environmental operator and services companies. Backed by Houston Ventures.

Sales Force Management – Sales Enablement
Tactile (2012, Redwood City, $30M) – Mobile app for sales personnel which enables sales managers and sales reps to get data from different platforms and let them take action. Backed by Accel Partners, Microsoft Ventures, Redpoint Ventures.

Sales Force Management – Order Management
Spring Mobile Solutions (2001, Seattle, 84.73M) – Provides field service management solutions for sales, marketing and distribution teams. Provides tools to capture and gather field data, plan routes for sales and delivery, messaging and collaboration, sales materials, monitoring, surveys, invoicing, payments integration, territory management and more. Backed by NEA, Goldman Sachs, Intel Capital, Industry Ventures, Hercules Capital, Darby Overseas Investments, Ideiasnet, Sapphire Ventures, Bregal Sagemount.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit Field Force Automation feed.

Tracxn – Energy Newsletter # 147 – Bioenergy

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A daily newsletter summarizing recent activity & interesting startups in the energy storage sector globally

RECENT NOTABLE ACTIVITY – BIOENERGY

  • West Lafayette-based bio-chemical company Spero Energy has received a $100k USD grant from U.S Department of Agriculture. Link
  • Black Mountain-based solar chemical company has raised $1.7M USD from an undisclosed investor in seed round according to SEC filing. Link
  • ATEC Biodigesters, an Australian-Combodian based company has raised $7M USD in Series A equity round led by investors Foundation Ensemble, ENGIE Rassambluers d’Energies. Link
  • California Ethanol & Power, a bio-ethanol manufacturer, has raised $55k and $365k USD in seed rounds according to SECD filing. The investors in these rounds have been undisclosed. Link Link
  • Billington Bioenergy, a wood pellet distributor, has been sold by Drax to an AIM-listed company Aggregated Micro Power Holdings (AMPH) for $2M USD. Link
  • Amyris, a biodiesel manufacturer based in Emeryville, has raised $50M USD in Post-IPO led by Royal DSM and Vivo Capital. Link

SOME INTERESTING STARTUPS FOUND

Evergreen Renewable Energy (2017, Princeton) – The company generates electricity from waste products produced from ethanol manufacturing companies.  They have partnered with the sugarcane-based ethanol distillers based in Latin America who offer ethanol waste, a pollutant called “Vinasse”. They claim to have developed a new patented technology which generates electricity from this waste product. Also, the generation process produces a potassium organic by-product which can be used as a fertilizer for crops.

LEADER BOARD – BIOENERGY

Production – Horizontal
Sapphire Energy (2007, San Diego, $290M) – Produces a renewable source of crude oil from algae biomass and operates algae-to-energy facility. Backed by ARCH Venture Partners, Wellcome Trust, Arrowpoint Partners, Venrock and Department of Energy.

KiOR (2007, Pasedena, $224M) – KiOR founded by Khosla Ventures is a renewable fuels company developing a commercial process to produce cellulosic gasoline and diesel from abundant, lignocellulosic biomass. With a two-step technology platform, they convert non-food lignocellulose into cellulosic gasoline and diesel that can be transported using the existing fuels distribution system for use in vehicles on the road today.
Joule Unlimited (2007, Bedford, $190M) – Technology developer to produce drop-in fuels using waste carbon dioxide (CO2) feedstock and waste brackish water. Backed by Flagship Ventures

Production – Biodiesel
Amyris (2003, Emeryville, IPO) – Partnered with Total Oil to produce biodiesel. Backed by KPCB, TGP Growth, Khosla Ventures and DAG Ventures. Went Public in September 2010.

Renewable Energy Group (1996, Ames, IPO) – Advanced biodiesel producer and developer of renewable chemicals. Went Public in January 2012

Production – Bioalcohol – Bioethanol
Vital Renewable Energy (2008, Sao Paulo, $1.32B) – Manufactures bioethanol and generates electricity from sugarcane.

Fulcrum Bioenergy (2007, Pleasanton, $302M) – Manufactures bioethanol from MSW. Backed by Rustic Canyon Partners and US Renewables Group.

Production – Bioalcohol – Biobutanol
Green Biologics (2003, Abingdon, $87M) – It offers a fermentation platform which converts a wide range of sustainable feedstocks into high-performance green chemicals such as n-butanol, acetone.

Production – Biogas
Stormfisher (2006, Toronto, $350M) – Builds, owns and operates biogas plants. Backed by Denham Capital.

Technology Developer – Horizontal
Virent Energy (2002, Madison, $103M, Acq.) – Technology developer and manufacturer for biofuels and biochemicals. Backed by Royal Dutch Shell, Cargill, Stark Investments and Venture Investors. Acquired by Tesoro in September 2016.

Technology Developer – Biodiesel
Aurora Biofuels (2006, Hayward, $102M) – Technology developer for production of biodiesel from algae. Backed by OAK Investment Partners, Gabriel Venture Partners and Noventi Ventures.

Technology Developer – Bioalcohol – Bioethanol
Mascoma (2006, New Hampshire, $138M, Acq.) – Technology provider and licensor for Bioethanol production. Backed by Atlas Venture, Khosla Ventures, KPCB, General Catalyst Partners, Pinnacle Ventures, Flagship Ventures, GM Ventures, VantagePoint Capital Partners etc. Acquired by Lallemand in November 2014.

Technology Developer – Biomass
Renmatix (2007, Kennesaw, $152.5M) – Technology developer and manufacturer for cellulosic sugar. Backed by KPCB, Total Ventures and BASF Venture Capital.

Technology Developer – Catalyst
Rive Technology (2006, Monmouth Junction, $67M) – Catalyst technology developer for petroleum and renewable industry. Backed by Charles River Ventures, Advanced Technology Ventures and Nth Power.

Feedstock – Oilseeds
SG Biofuels (2007, Encinitas, $37M) – Biomass and plant oils manufacturer and supplier. Backed by Flint Hills Resources, McNerney & Partners and Finstere Ventures.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates visit Bioenergy feed.

Tracxn – Healthcare Newsletter # 122 – Life Sciences- Software

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – LIFE SCIENCE – SOFTWARE

  • WuXi NextCODE, a provider of a global standard platform for genomic data has completed $240M Series B round with investment from a consortium led by Sequoia China and including Temasek, Yunfeng Capital and 3W Partners with participation from Temasek, Yunfeng, 3W and Amgen Ventures. Link
  • Antidote Technologies, which provides a clinical trial matching platform raised $11M in a funding round led by Merck Global Health Innovation Fund (GHI) with participation from investors Smedvig Capital and Octopus Ventures. Link
  • Signet Accel which provides data interoperability solutions to US health systems, consortia, research institutions and biopharma companies raised $8M in a Series-A round led by Edison Partners. Link
  • Moffitt Cancer Center‘s spinoff M2Gen, a provider of healthcare informatics solutions has received a $75M investment from Hearst’s business media channel. Link
  • Deep Genomics, the AI-driven genetic medicine company has raised $13M equity investment led by Khosla Ventures
    with participation from True Ventures. Link
  • Recursion Pharmaceuticals which has developed a proprietary drug discovery platform raised $60M Series B financing led by Data Collective (DCVC). Link
  • Zageno, an online marketplace for Life Sciences research products raised $8M in a Series A investment led by Capnamic Ventures along with Grazia Equity. Link
  • Metabolon, the global leader in metabolomics has acquired metabolomics services and diagnostics company Metabolomic Discoveries for an undisclosed amount. Link
  • Invicro which provides imaging services and software for research and drug development is acquired by Konica Minolta. Link
  • Pilgrim Quality Solutions, a provider of quality and compliance management software and services for Life Sciences has been acquired by an undisclosed US-based strategic acquirer or an undisclosed amount. Link
  • mProve Healthwhich provides mobile technologies for life science companies is acquired by clinical trial technology and specialty services provider, Bracket.

SOME INTERESTING STARTUPS FOUND

ClosedLoop (2017, Austin) – An AI-based risk predictive platform for payers, providers & pharma companies.
Structura (2016, Toronto) –  A software that uses ML algorithms for drug discovery and research.
Bioxplor (2016, Dusseldorf) – A  Big Data-based virtual laboratory platform with an AI-based biomarker and drug discovery tool.

LEADER BOARD – LIFE SCIENCE – SOFTWARE

Bioinformatics
Metabolon (2000, Durham, $92.42M) provides platforms and informatics systems for biomarker discoveries and diagnostic tests and also offers metabolomics research services. Backed by Aurora Funds, Sevin Rosen Funds, Camden Partners Holdings, Essex Woodlands, HHVC, Sumitomo Corp, Syngenta, Alexandria Real Estate Equities, ATEL Capital Group, Fletcher Spaght, The Trelys Funds, Fulcrum Financial Group, Crossroads Capital.

BioNano Genomics (2003, San Diego, $101.4M) has developed a platform for imaging single molecules of DNA at megabase lengths, allowing the mapping of large chunks of the genome at great resolution.Backed by   National Institutes of Health, Ben Franklin Technology Partners, Legend Capital, KT Venture, 21Ventures, Domain Associates, Innovation Valley Partners, Battelle Ventures, NCI, NHGRI, Novartis Venture Fund, and Monashee Investment
Pacific Biosciences (2004, Menlo Park, Public) has developed a Single Molecule Real Time (SMRT) sequencing platform that utilizes the company’s two proprietary technologies – Zero-Mode Waveguides (ZMW) and phospholinked nucleotides for single molecule sequencing.Backed by Morgan Stanley, Mohr Davidow Ventures, KPCB, DAG Ventures, Maverick Capital, AllianceBernstein, Sutter Hill Ventures, Alloy Ventures, Deerfield Capital Management, Deerfield, and Gen-Probe.
Simulations Plus (1996, Lancaster, Public) develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling & simulation software for cheminformatics and drug discovery and provides consulting services.
Benevolent AI (2013, London, $87.7M) is an Artificial Intelligence company focussed on pharmaceutical R&D and drug discovery. The company has organised itself into two wholly owned, integrated and complementary subsidiaries: ‘BenevolentBio’ (formerly Stratified Medical) – will continue to focus on applying BenevolentAI’s technology in human health and the exploration of further bioscience applications such as veterinary medicine, and ‘BenevolentTech’ – will continue to refine and develop the AI engine that is driving the discoveries in bioscience and in future will look to replicate this success across wider applications and industries.
Inpharmatica (1998, Saffron Walden, $75M, Acq) offers predictive informatics solutions and services for medicinal chemistry and ADME to help improve the speed and productivity of drug discovery. It is also involved in research of drugs and biomarkers. Backed by Vertex Ventures, Advent Venture Partners, Gimv, Gilde, 3i Group, Abingworth, Unibio, and REV. Acquired by Galapagos in Dec 2006.
Schrodinger (1990, New York, $52M) develops software solutions for computational chemistry, research and drug discovery. Backed by Cascade Investment.

Imaging Solutions
Median Technologies (2002, Valbonne, $53.66M, Public) offers medical imaging software and services for oncology clinical trials, cancer screening, and clinical practice. Backed by NEA, Draper Fisher Jurvetson, Auriga Partners, Abingworth, Omega Funds, Idinvest Partners, National Technology Enterprises Company, Kuwait Life Sciences Company (KLSC), and AGF Private Equity.

Aperio Technologies (1999, California, $47.6M, Acq) offers digital pathology solutions including image management, sharing and analysis solutions. Backed by BlackRock, Advanced Technology Ventures, HLM Venture Partners, and Galen Partners. Acquired by Leica Microsystems in Aug 2012.
inviCRO (2008, Boston, $45.8M , Acq ) provides advanced data analysis services and software in the field of preclinical imaging research.Acquired by Konica Minolta in Sep 2017.

Clinical Trial Solutions
Medidata (1999, New York, $66.2M, Public) provides cloud based solutions for clinical trial management and analytics. Backed by Insight Venture Partners, Milestone Venture Partners, Stonehenge Growth Equity, Silicon Alley Venture Partners, The Lambda Funds, State Street, and Alpha Venture Partners and went public in June, 2009.

Parexel (1983, Massachusetts, Public) is a clinical research organization which offers clinical trial management solutions and services. Backed by Capvis.
Datatrak International (1991, Cleveland, Public) offers clinical enterprise solutions which include tools for electronic data capture, trial design, trial supply management and project management.
Comprehend (2010, Palo Alto, $45.9M) provides clinical data reporting and  visualization tools for clinical trials. Backed by Y Combinator, Lightspeed Venture Partners, Sequoia Capital, SV Angel, Menlo Ventures, Crosslink Capital, Quotidian Ventures, Ulu Ventures, Life Sciences Angel Network, and Easton Capital.
Go Balto (2008, San Fransisco, $38.1M) provides cloud-based electronic solutions for clinical trial design, data capture analysis. Backed by Qualcomm, Aberdare Ventures, Mitsui Global Investment, EDBI, West Health, and Dolby Family Ventures.

GRC Solutions
Metric Stream (1999, Palo Alto, $215M) provides solutions for quality management, regulatory compliance, risk management, and corporate governance. Backed by Goldman Sachs, KPCB, Integral Capital Partners, Gold Hill Capital, Sageview Capital, Saints Capital, Kaiser Permanente Ventures, Blade Ventures, Montage Capital, and The Camelot Group.

Virtify (2004, Lexington, $25.1M) provides enterprise content and compliance management solutions for the life sciences industry. Backed by Tudor Growth Equity, Blue Cloud Ventures, and Spring Lake Equity Partners.
Qumas (1994, Cork, $10M, Acq) provides Compliance and Quality Management Software for Life Sciences including solutions for document management, process management and submission management. Backed by  General Catalyst Partners, Fidelity Ventures, Delta Partners, ACT Venture Capital, Fidelity Growth Partners Europe, Kernel Capital, and Eight Roads Ventures. Acquired by Accelrys in Dec, 2013.

Automation Solutions
Emerald Therapeutics (2010, San Francisco, $34M) has developed Emerald Cloud Laboratory that scientists can remotely access via the internet and can perform experiments using automated robotics. Backed by Founders Fund, Western Technology Investment, and Schooner Capital.

Quartzy (2009, Palo Alto, $28.8M) offers web-based platform for lab management and supports collaboration, inventory and order management. It also hosts catalogs from vendors for lab consumables. Backed by  Y Combinator, Lerer Hippeau Ventures, SV Angel, Khosla Ventures, Washington U., Silicon Badia, Reinmkr Satsang, A Capital, Life Science Angels, Science House, Accelerator Tech, Lerer Hippeau Ventures, and Eminence Capital.

Market Intelligence
IMS Health (1954, Danbury, Merged) offers a suite of market intelligence products and services which are aimed at improving productivity and healthcare delivery of healthcare organizations.

CitiusTech (2005, Princeton, $112 M) offers Business Intelligence and healthcare analytics platform. Backed by General Atlantic.
SHYFT Analytics (2005, Waltham, $39M), formerly Trinity Pharma Solutions, provides cloud-based analytics and data management platform for customer engagement and revenue analytics. Backed by Milestone Venture Partners, Health Enterprise Partners, Medidata, and McKesson Ventures.
Zephyr Health (2011, San Francisco, $33.5 M) offers Zephyr Illuminate, an Insights-as-a-Service platform designed to help companies improve product life cycle performance with customer and market insights and can be used for collaboration, targeting and segmentation, and planning. Backed by KPCB, Jafco Ventures, and Icon Ventures.

Sales and Marketing
Veeva Systems (2007, San Francisco, $ 4 M, Public) offers Content Management, Customer Relationship Management, Customer Master data management and related software and services to the life sciences industry. Backed by  Lead Edge Capital, and Emergence Capital. Went public in October 2013.

Aktana (2008, San Francisco, $25 M) offers sales force solutions and customer relationship management solutions for life sciences industry. Backed by Safeguard Scientifics, and Starfish Ventures.

Operations Management and Supply Chain
Tracelink (2009, Woburn, $77 M) offers an online platform for global distribution, visibility and traceability of pharmaceuticals to limit the sale of counterfeit drugs. Backed by FirstMark Capital, Goldman Sachs, Volition Capital, and F-Prime Capital Partners.

Bluechiip (2003, Scoresby, Public) provides wireless tracking solutions for bio samples and other products. Went public in Oct, 2010 via a reverse takeover by Sofcom Limited.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit Life Sciences – Software feed.

Tracxn – Analyst Notes # 1273 – Enterprise Collaboration

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Funding Rounds

Series B, $25M
Ripcord (2015, Hayward, $74.5M) – Records digitization and management service

Investors: GV, Telstra Global, Icon Ventures, KPCB, Lux Capital, Silicon Valley Bank

Series A, $9.3M
Workboard (2014, Mountain View, $12.1M) – Goal based collaboration for teams

Investors: Microsoft Ventures, Floodgate Fund

Post IPO, $2M
Intellinetics (1994, Columbus, $6.8M) – Electronic document management solutions

Series A, $420K
Iotum (2004, Toronto, $3.7M) – WebRTC & conferencing services.

Series A
Stitch (2015, Mountain View, $120K) – Healthcare team communication platform

Investors: Benchmark Capital, Bill Gurley, Y Combinator

Series A
Cloud-Hub (2012, Shenzhen) – Cloud service platform for collaboration

M&A

  • Star2Star Communications and Blueface Merge Citybizlist
  • Polycom Announces Agreement for Strategic Acquisition of Obihai Technology Business Wire
  • Planview extends work and resource management platform into Lean and Agile with acquisition of LeanKit PR Newswire
  • IT Glue Acquires Cenersys for MSP Network Performance Capabilities ChannelE2E

IPO

  • Newgen Software plans to raise Rs 450 crore via IPO Moneycontrol
  • Avaya to invest more in India, eyes acquisitions Indiatimes

New Product Announcement

  • Box launches new consulting unit to help customers struggling with digital transformationTechCrunch
  • Telegram plans multi-billion dollar ICO for chat cryptocurrency mmotimes.com
  • M-Files 2018 is industry’s first solution to intelligently unify and manage information stored in other systems without requiring migration RealWire
  • Assembla’s new iOS app lets developers manage their repos on the go TechCrunch
  • FreeConferenceCall.com Launches Free Conference Calling in Malawi My Startup World
  • AgilQuest Releases Cloud-Based Workplace Scheduling System for Finding, Reserving, Even Sharing Workspace Business PR News
  • Cisco Releases Security Connector App for iOS EnterpriseTech
  • Lexmark debuts RFID laser printing solution The Recycler
  • CES: Cisco Demonstrates New Multi-Cloud Video Management eWEEK
  • Lexmark unveils new patient communication solution Graphic Arts Mag
  • Dialpad Free launched: No-cost advanced small business phone system ZDNet
  • Stitch Health Launches Care Coordination Platform for Healthcare Teams HIT Consultant
  • Hive Expands Smart Home Product Line with New Indoor Camera SMAhome
  • Mobilize Networks Unveils ‘The Lounge’ to Create a True Sense of Belonging Online PR Newswire
  • EDpCloud High Speed Bidirectional Real Time File Replication From EnduraData for Telecom StorageNewsletter
  • NZ’s 2degrees brings in new mobile phone Wi-Fi services iTWire
  • ownCloud adds app for protection against ransomware iTWire

Business Partnership

  • eGain announces integration with Salesforce.com directorsclub.news
  • WiLAN Subsidiary Enters into License Agreement with Lexmark PR Newswire
  • Cisco and Digicel Signs Frame Agreement to Accelerate Digital Transformation in Caribbean and Central America PressReleasePoint
  • Zoom Partners with OpenExchange to Provide Video Communications for Financial Services Market Marketwired

Company Announcement

  • Zain Group, Cisco Drive Network Transformation in the Digital Era With New MilestoneAlBawaba
  • Avaya Successfully Completes Financial Restructuring and Emerges from Chapter 11 PressReleasePoint
  • Davigel Selects OpenText to Streamline Global Supply Chain PR Newswire
  • SMB growing fast, added 5,000 customers this year in India: Cisco Indiatimes

Earning Release

  • Avaya Reports Fourth Quarter and Fiscal 2017 Financial Results Marketwired

New Feature Release

  • Synacor Launches Enhancements to Zimbra Communications and Collaboration SuitePressReleasePoint

Key People Movement

Board Updates

  • Former Nike CFO Don Blair joins Dropbox’s board of directors TechCrunch

Award

  • CA Technologies Named an Overall Leader in Identity Management Business Wire

Tracxn – Analyst Notes # 1314 – Augmented Reality

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Analyst Picks

  • Lucyd (2017, Singapore) – AR-based smartglasses backed on a decentralised ecosystem
    Market: Augmented Reality > Display Medium > Screen-based > Smart Glasses
  • Blue Vision Labs (2016, London, $17M) – Developing AR technology for simultaneous use
    Market: Augmented Reality > Development Tools > Content Creation Tools > Development Kit Providers
  • CleverBooks (2016, Dublin) – AR based educational products aimed at primary kids and corporate
    Market: Augmented Reality > Applications > Education & Training > Products
  • Cognitive3D (2015, Vancouver) – Provider of VR analytics platform
    Market: Augmented Reality > Applications > Advertising/Marketing
  • Vertebrae (2015, Santa Monica) – Virtual reality interactive ads creation platform
    Market: Augmented Reality > Applications > Advertising/Marketing

Funding Rounds

Series A, $14.5M
Blue Vision Labs (2016, London, $17M) – Developing AR technology for simultaneous use

Investors: GV, Accel Partners, Horizons Ventures, SV Angel

Series A, $10.5M
Ubiquity6 (2017, San Francisco, $10.5M) – Stealth mode: augmented reality company

Investors: Index Ventures, Gradient Ventures, First Round Capital, KPCB, LDV Partners, A+E Networks, WndrCo

Series A, $4.9M
Neurable (2015, Pasadena, $6.9M) – Brain Computer Interface software solutions

Series B, $4.5M
Avegant (2012, Belmont, $53.5M) – Develops hardware and software-based light field technology solutions

Investors: Applied Materials

M&A

  • L’Oreal buys Canada’s ModiFace in digital makeover Reuters
  • Spooklight Studio partners with Magic Leap Startupticker

New Product Announcement

  • Magic Leap releases its first set of AR developer tools Engadget

Business Partnership

  • Gfycat looks to be a hub of content for AR experience development xTechNews
  • YouCam Partners with Amway for an Innovative AR Shopping Experience to Transform the Customer Beauty Journey Business Wire
  • Toshiba partners with Atheer to provide enterprise-grade Augmented Reality (AR) software platform for Toshiba’s new dynaEdge™ AR Smart Glasses PR Newswire
  • YouCam Makeup & Eylure Bring Influencer Lash Styles to Augmented Reality Business Wire
  • zSpace Allows Students to Visualize and Collaborate on 3D Designs With Autodesk Tinkercad PRWeb
  • Mantis Vision reported to be developing 3D camera solutions for Samsung Galaxy S10Biometric Update
  • Perfect Corp. Teams up on New Animated Movie SHERLOCK GNOMES with an Exclusive Augmented Reality Beauty Experience In YouCam Apps Business Wire

Company Announcement

  • Vuzix M300 Smart Glasses Selected by Oracle as Part of Service Cloud Showcase at ModernCX PR Newswire

Earnings Release

  • Vuzix Reports Full Year and Fourth Quarter 2017 Financial Results PR Newswire

Sector Report Release

  • Global Augmented Reality and Mixed Reality Market to Reach $198.17 Billion and $3.68 Billion, Respectively, by 2025 PR Newswire

New Feature Release

  • Online Retailer Asos Collaborates With Fashion Startup Zeekit calcalistech.com
  • Scope AR Brings Real-Time Remote Assistance to More Than 100 Million Android Devices with ARCore PR Newswire
  • Arvizio debuts collaboration suite for AEC HoloLens users SPAR 3D Editor

Key People Movement

  • WayRay Establishes a New Affiliate in China and Appoints a General Manager PR Newswire

Layoffs

  • AR company Avegant cuts staff despite headset growth forecasts Fierce Cable

Lawsuit

  • Vuzix Files Defamation Lawsuit Against Short Seller PR Newswire
  • Magic Leap settles lawsuit with security chief over Microsoft trade secret allegations The Business Journals

Award

  • ARHT Media’s Holographic Telepresence Selected as the Featured Technology at the 2018 Canadian Event Industry Awards Gala GlobeNewswire
  • Colorado Company Liteye Systems Announced as Finalist for AUVSI XCELLENCE Awards PR Newswire

Tracxn – Analyst Notes # 1324 – Medical Devices

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Funding Rounds

Conventional Debt, $2.2B
Integra LifeSciences (1989, Plainsboro) – Suite of medical devices

Investors: Bank of America

Series E, $105M
Livongo (2014, Chicago, $237M) – Cloud connected glucose meter to manage diabetes and an online coaching program provider

Investors: General Catalyst Partners, Kinnevik, Echo Health Ventures, DFJ, KPCB, Merck Global Health Innovation Fund, Microsoft Ventures, Sapphire Ventures, Zaffre Investments, 7wire Ventures

Series C, $70M
V-Wave Medical (2009, Caesarea, $105M) – Implantable shunt to treat heart failure

Investors: Deerfield, Endeavour Vision, Quark Venture, Aperture Venture Partners, JNJ Innovation, Edwards Lifesciences, BRM Group, Pontifax, Pura Vida Investments, Triventures, BioStar Ventures, Israel Secondary Fund

Series F, $39M
Cardiac Dimensions (2001, Kirkland, $167.3M) – Minimally invasive cardiac implant for heart failure

Investors: Hostplus, M. H. Carnegie, Arboretum Ventures, Lumira Capital, Aperture Venture Partners

Series C, $33.5M
Limflow (2012, Paris, $33.5M) – Venous arterialization of the lower limbs

Investors: Sofinnova Partners, Bpifrance

Series C, $31.7M
EryDel (2007, Urbino, $46.7M) – Drug delivery through erythrocytes

Investors: Sofinnova Partners, Genextra, Innogest Capital

Post IPO, $28M
MannKind Corp (1991, Los Angeles, $50M) – Developing new drugs through their Technosphere® formulation technology


Series E, $25M
Avedro (2007, Waltham, $204.5M) – Corneal collagen cross-linking technology

Investors: Lilly Asia Ventures, Orbimed, InterWest Partners, Health Quest Capital

Series C, $20M
Intact Vascular (2011, Wayne, $86.2M) – Implant for artery repair after angioplasty

Investors: New Enterprise Associates, HIG BioHealth Partners, Quaker Partners

Series A, $19.9M
Soundbite Medical (2013, Montreal, $22.3M) – Shockwave device to treat chronic total occlusions in the coronary and peripheral vasculature

Investors: Fidelity

Series A, $14.1M
Companion Medical (2013, San Diego, $15.9M) – A smart insulin injector pen

Series E, $13M
CardioFocus (1990, Marlborough, $139.0M) – Endoscopically guided catheter for ablation

Post IPO, $12.9M
Danaher (1969, Washington D.C.) – Portfolio of medical and dental devices

Post IPO, $12.7M
Pixium Vision (2011, Paris, $32.8M) – Bionic vision restoration systems

Venture Debt, $12M
Cardiac Dimensions (2001, Kirkland, $167.3M) – Minimally invasive cardiac implant for heart failure

Investors: Oxford Finance

M&A

  • Fresenius pulls out of Akorn takeover over data integrity Reuters
  • BRIEF-Analogic To Be Acquired By Affiliate Of Altaris Capital Partners For $1.1 Bln In Cash financetime.org
  • Boston Scientific Announces Acquisition Of nVision Medical Corporation PR Newswire
  • United Therapeutics pens $216M deal to buy SteadyMed, neutralizing pump-based threat to PAH franchise FierceBiotech
  • Fresenius Medical sells U.S. Sound Inpatient for $2.15 billion Reuters
  • Livongo Health Acquires Retrofit PR Newswire
  • Chinese firm makes last-minute $1.4 billion offer for Australia’s Sirtex, trumps VarianReuters
  • New Mountain Capital Agrees to Sell Medical Specialties Distributors to McKessonBusiness Wire
  • Roche. (4/6/18). “Press Release: Roche Completes Acquisition of Flatiron Health”. BaselLife-Sciences-Germany
  • Olympus Announces Intention To Acquire Lithotripsy Systems From Cybersonics Reuters

IPO

FDA Approval

  • Roche’s Hemlibra gets speedy FDA review for wider use Reuters
  • 4/23/18 – Medtronic IN.PACT Admiral Drug Coated Balloon Receives FDA Approval to Treat Long SFA Lesions Pharmacy Choice
  • FDA Clears A.I. Software Detecting Diabetic Eye Disease Technology News and Literature
  • Lumendi Receives FDA 510(k) Clearance for Dilumen C2™ Business Wire
  • BrainsWay Receives FDA Clearance of Next Generation Stimulator, Enhancing Its Current Deep Transcranial Magnetic Stimulation (Deep TMS) System for Treatment of Major Depressive Disorder GlobeNewswire
  • Bayer Statement about Essure® Label Update PR Newswire
  • Arthrosurface Gains FDA Clearance of OVOMotion™ Shoulder Arthroplasty System PR Newswire
  • LENSAR® Laser System Receives FDA Clearance to Perform Corneal Pockets and Flaps for Corneal Inlay Procedures BioSpace

Regulatory Change

  • Govt may push for regulating manufacture, sale, import of implantable medical devicesLivemint

New Product Announcement

  • Fitbit Announces Health Partner Apps and Clock Faces Aimed to Improve Condition Management and Overall Health Business Wire
  • Varian Launches Velocity 4.0 Cancer Imaging Software with Selective Internal Radiation Therapy Dosimetry Analysis PR Newswire
  • Vayyar Imaging Unveils the World’s Most Advanced CMOS SOC for mmWave 3D Imaging Business Wire
  • Curetis Launches CE-IVD Marked Unyvero Urinary Tract Infection (UTI) Cartridge at ECCMID 2018 PM360
  • Medtronic Expands Focus on Interventional Oncology with Its U.S. Launch of OptiSphere(TM) Embolization Spheres PM360
  • BD Launches BD FACSymphony S6 High Parameter Cell Sorter to Enable Sorting of Rare Cell Types PressReleasePoint
  • BD Unveils Suite of Diagnostic Informatics and Automation Innovations PR Newswire

New Geo Entry

Business Partnership

  • Tandem Diabetes Care and Movi SpA Announce Agreement for Distribution of Insulin Pump Products in Italy Business Wire
  • Konica Minolta Healthcare, HydroCision Announce Distribution Agreement for TenJet System Citybizlist

Company Announcement

  • J&J raises sales forecast but keeps profit outlook unchanged; shares drop Reuters

Earnings Release

  • Philips first-quarter results beat estimates on strong China growth Reuters
  • 1Q2018 Earnings Call Highlights Abbott’s $7.4 Billion In Sales BioSpace

Earnings Commentary

Research Partnership

  • Gilead and Verily Announce Scientific Collaboration to Identify and Understand Immunological and Molecular Drivers of Inflammatory Diseases Business Wire
  • 4DMT and ROCHE Expand Ophthalmology Partnership to Develop and Commercialize Multiple AAV Gene Therapy Products Business Wire

Key People Movement

  • Clarify Medical® Announces the Appointment of George W. Mahaffey as President and Chief Executive Officer Business Wire

Lawsuit

  • Johnson & Johnson wins appeal to overturn $151 million hip implant verdict Reuters
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