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Tracxn – Analyst Notes (India Practice) # 523

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

INTERESTING STARTUPS

Koinex (2017, Mumbai), platform to trade multiple cryptocurrencies. Founders are alumni of BITS Pilani, IIT Delhi and IIT Kharagpur alumni.Global comparables are Tech bureau Lab(2015, Osaka, $25M) and GDAX (2016,SF).

INDIA INTERESTING NEWS

Varthana (2013, Bangalore), provider of loans to affordable private schools, raises $3M in Series B round of funding from the Michael and Susan Dell Foundation. Link

SlicePay (2015, Bangalore), online lending platform for college students, raises $2M in Series A round of funding from Simile Venture Partners, Blume Ventures. Link

UCLID (2011, Noida), adaptive content provider for schools, raises $235k in Seed round of funding from US-Based Investors. Link

Lupin (1968, Mumbai), generic formulations, biosimilars and API manufacturer, acquires Symbiomix Therapeutics (2012, Newark), biopharmaceutical company developing antibiotics to treat gynecological infections, for $150M. Link

Zoomcar (2013, Bangalore), online self-drive car rental service provider, launches tech-enabled cycle sharing service PEDL. Link

Precision Camshafts (1992, Solapur), camshaft manufacturer, acquires MEMCO Engineering, for an undisclosed amount. Link

Sanctum Wealth Management partners with Equanimity Investments, venture capital fund, to help clients in investing in early stage start-ups. Link

GLOBAL ROUNDUP

alamove (2013, Hong Kong), on-demand logistics service provider , raises $100M in funding from undisclosed investors. Link

eShares (2012, Palo Alto), cap table management platform, raises $42M in Series C round of funding led by Menlo Ventures and Social Capital. Link

Open-Xchange (2005, Nuremberg), open source software solutions provider, raises $25M in Series C round of funding led by Iris Capital and included eCapital and other investors. Link

Attivo Networks (2011, SF), deception based threat detection solution provider, raises $21M in Series C round of funding led by Trident Capital Cybersecurity. Link

Brilliant (2015, San Mateo), developer of hub for controlling and managing smart home devices, raises $21m in Series A round of funding led by August Capital, with participation from Miramar Ventures, The Box Group, and the Stanford-StartX Fund. Link


Tracxn – Analyst Notes # 1226- Online Grocery

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

RECENT NOTABLE ACTIVITY – ONLINE GROCERY

  • Yiguo, an online platform for groceries raises $300M in Series D funding from Alibaba owned Tmall. Link
  • Miss Fresh, an online platform for fresh produce raises $230M in Series C funding from Tiger Global Management and Genesis Capital Ventures. Link
  • Quitoque, an online platform for recipe box raises $4.36M in Series A funding from 360 Capital, ISAI, NCI, and business angels. Link
  • Farmstead, an online platform for groceries raises $2.8M in Seed funding from Resolute Ventures, Social Capital, Y Combinator, and Liquid 2 Ventures. Link
  • Big Basket, an online platform for groceries raises $838K as Venture Debt from Trifecta Capital. Link
  • Fresh Range, an online platform for farm products and groceries raises $363K in Seed funding from Seedrs, an equity crowdlending platform. Link
  • Milkbasket, an online subscription for groceries raises an undisclosed amount of Seed funding from Lenovo Capital and Incubator Group (LCIG) and Blume Ventures. Link
  • Albertson, an offline grocery chain acquires Plated, a meal kit delivery service. Link
  • The Chefs’ Warehouse, a distributor of specialty food products acquires Fells Point Wholesale Meats. Link
  • Instacart, an online marketplace for groceries is planning to partner with Loblaw to launch its operations in Canada. Link
  • Chef’d, an online platform for recipe kits partners with Glenson’s to expand its distribution through brick-and-mortar retail. Link
  • Shipt, an on-demand grocery delivery service has partnered with Dierbergs for delivering groceries in St.Louis, Missouri. Link
  • Honest Bee, an online marketplace for groceries launches its operations in Thailand. Link

SOME INTERESTING STARTUPS FOUND

Farmstead (2016, California, $2.8M) – An online retailer of groceries. One of the first company to use AI to predict the amount of food to be sourced from the suppliers to in order to reduce the food wastage.
Needed (2016, Berlin, Unfunded) – A mobile application for creating grocery shopping list. Offers multiple features such as multiple shopping lists, matching deals from favorite stores, inbuilt product database and automatic synchronization across multiple devices.
Takeoff (2016, Cambridge, Unfunded) – A technology solution provider for offline retailers. Offers mini-warehouses using grocery-sorting robots to assemble orders for the retailers. The company plans to open five sites with three retail partners by the end of 2017.

LEADER BOARD – ONLINE GROCERY

Online Retailers- Horizontal
Ocado (2002, Hatfield, IPO) – Online grocery retailing company. Went public in 2010. Current market cap is £1.73B.

Yiguo (2005, Shanghai, $500M) – Online platform for ordering groceries. Backed by Tmall and Suning Commerce Group.
Big Basket (2011, Bangalore, $497M) – Online and mobile platform for grocery delivery. Also, has hyperlocal logistics for one hour express delivery. Backed by Helion Venture Partners.

Online Retailers- Food Focused
Womai (2008, Beijing, $330M) – Online retailer offering majorly health food as well as imported food products in China. Backed by Baidu.

Fruit Day (2009, Shanghai, $195M) – Online platform for ordering imported fruits. Backed by ClearVue Partners.
Benlai (2012, Beijing, $157M) – Online retailer for premium food products e.g. locally-grown organic vegetables to imported food products in China. Backed by CDH Investments, and China Equity among others.

Online Retailers- Organic Grocery
Door to door organics (2007, Lafayette, $43M) – Online retailer for organics products on the subscription basis. Backed by Arlon Group.

Tony’s Farm (2009, Shanghai, $39M) – Online retailer for organic grocery. Backed by Kleiner Perkins Caufield Byers
My Pimlico market (2010, Charenton-le-Pont, $3.65M) – Online organic superstore. Backed by Siparex Sigefi.

Hyperlocal Delivery
Instacart (2012, SF, $675M) – Hyperlocal delivery for grocery products through personal shopper. Backed by Y Combinator.

BeeQuick (2014, Beijing, $110M) – An O2O marketplace for ordering grocery where delivery is done by vendors. Backed by Sequoia, and Hillhouse among others.
Dmall (2015, Beijing, $100M) – An online marketplace to order groceries from local businesses delivered by personal shoppers. Backed by IDG Capital Partners.

Farm to Home
Miss Fresh (2014, Beijing, $402M) – Online platform for ordering fresh produce sourced directly from farms. Backed by China Growth Capital, and Tencent among others.

Freshmarket (2012, Suzhou, $119M) – Online delivery of organic goods directly from local growers. Employs process monitoring at all stages. Backed by Tiantu Capital.
Good Eggs (2011, SF, $46.5M) – An open marketplace for local farm produce and other organic food products. Backed by Index Ventures, Sequoia Capital.

Recipe Box Based Grocery
Blue Apron (2012, NYC, IPO) – Delivers meal kits, including pre-measured ingredients and recipes, in refrigerated boxes. Backed by Strips Group. The current market cap is $1.18B.

Hellofresh (2012, Berlin, $367M) – Weekly subscription-based service that provides 3-4 recipes and related groceries. Sources seasonal and local organic food. Backed by Insight Partners.
Sun Basket (2011, San Fransisco, $52M) – Delivers recipe boxes with pre-measured ingredients. Backed by Unilever Ventures, Baseline Ventures.

Online Meat
Licious (2015, Bangalore, $14M) – Online retailer for meat products. Backed by Mayfield, Sistema and Tholons Capital among others.

Carre de Boeuf (2009, Paris, $3M) – Online platform for ordering meat products. Backed by CM-CIC Capital Prive.
Crowd Cow (2015, Seattle, $2M) – Online marketplace for purchasing beef in a group. Backed by Maveron, Fuel Capital.

B2B- Marketplace
Ds365 (2014, Beijing, $121M) – Online B2B marketplace for FMCG goods. Backed by DT Capital Partners, Matrix Partners China, UCF Group, Grand Yangtze Capital, K2 VC (Xianfeng Evergreen)

Liancair (2015, Shanghai, $23M) – Online B2B marketplace for food items allowing business to purchase products from the listed vendors.
Zhanghetianxia (2013, Beijing, $16M) – Online B2B marketplace for groceries, food items from the listed vendors. Backed by RiverHill Fund.

B2B- Wholesaler
Huimin (2013, Beijing, $295M) – Online platform allowing businesses to purchase grocery products. Backed by Shenzhen Fortune Venture.

Farm link (2014, Beijing, $39M) – Online supplier of groceries and food items to restaurants. Backed by Sequoia Capital.
Xiaonongnv (2014, Shenzhen, $14.5M) – Online supplier of groceries products. Backed by Shenzhen Capital Group.

Farm to Business
Meicai (2014, Beijing, $253M) – Fresh fruits and vegetable delivery to small and medium restaurant market. Backed by Bluelake Capital.

Yimutian (2011, Beijing, $20M) – Online B2B agriculture product marketplace allowing farmers and brokers to sell directly to the businesses e.g. restaurants. Backed by Sequoia Capital.

Shopping List Builder
Shopwell (2008, Palo Alto, $7.4M) – Grocery list building app based on nutritional content.

Shoptimise (2012, Paris, $5.8M) – Shopping list building platform.

Enablers
My Web Grocer (1999, Winooski, $61M) – SaaS for online grocers. Backed by Strip Groups.

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 Online Grocery feed.

Tracxn – Analyst Notes (India Practice) # 524

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

INTERESTING STARTUPS

Riyaz (2016, Bangalore), mobile application for singing exercises with technology enabled feedback. Founders are ex-Aynur labs and alumni of Pompeu Fabra University,Barcelona.Local comparable is Vanido (2015, Delhi, $120K). Global comparables are Yousician (2010, Helsinki, $1.4M) and Playnote (2010,Hong Kong).

INDIA INTERESTING NEWS

Policybazaar (2008, Gurgaon), online insurance aggregator, raises $75M in Series E round of funding from True North, IDG Venture Partners and others. Link

Meesho (2015, Bangalore), social e-commerce enabler, raises $3.44M in angel round of funding from undisclosed investors. Link

Chaayos (2012, Delhi), tea and snacks chain, raises $2M in Series A round of funding from Tiger Global Management. Link

StanPlus (2016, Hyderabad),on-demand ambulance services provider, raises $1.1M in Seed round of  funding from Kalaari Capital and INSEAD Angels Asia. Link

Gapoon (2015, Bangalore),  online platform to hire verified personnel for home services, raises $250k in angel round of  funding from Vida Ventures and others. Link

Livspace (2012, Bangalore), online retail platform for in-home designs and furniture, invests $10.6M in designer partnership. Link

Flipkart (2007, Bangalore), online horizontal marketplace, commits to invest $500 M in payments arm PhonePe, UPI based payment app. Link

GLOBAL ROUNDUP

SecurityScorecard (2013, NYC), scorecard based enterprise security solutions provider, raises $27.5M in Series C round of funding from Nokia Growth Partners and others. Link

Sysdig (2013, Davis), infrastructure and application monitoring tool, raises $25M in Series C round of funding from Accel Partners’ Growth Fund. Link

XL Hybrids (2008, Boston), fleet electrification solutions provider for commercial vehicle market, raises $22M in Series D round of funding led by Constellation Technology Ventures with participation from IKEA Group and others. Link

CoverWallet (2015, NYC), Insurance provider for small businesses, raises $18.5M in Series B round of funding led by Foundation Capital with participation from existing investors Union Square Ventures, Index Ventures, CV Starr, and Two Sigma Ventures. Link

Now use Tracxn Browser Extension on Mozilla Firefox

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For starters, folks love our Chrome Extension. (If you’re reading this on Chrome, install it already.) Our Extension gives one-click snapshot of millions of companies, with curated data on key events like inception, growth, funding etc. It was only natural to bring this extension to our users on Mozilla Firefox as well. Here’s how.

How to install the Tracxn Firefox Extension

Step 1: Download the ‘Tracxn_Firefox Browser_Extension.xpi’ installer file from here.
Step 2:In Firefox, click on the menu button Menu-Icon-Mozilla-FireFox-Extension-Tracxn  on top right and choose Add-ons. The Add-ons Manager will open in a new tab.
Step 3:Select ‘Extensions’ from the left menu and click on the gear icon Gear-Icon-Mozilla-FireFox-Extension-Tracxn in the upper right area.

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Step 4:Select ‘Install Add-on from file’ from the menu and upload the installer file from Step 1.
Step 5:Select ‘Add’ on the prompt shown below.

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Voila! The Tracxn Firefox Extension icon Firfox-Extension-Icon-Tracxn is added to the browser. Log in into your Tracxn account and start using it.

P.S. : This extension is officially supported on Firefox 53 and above. The behavior of this extension on earlier Firefox versions cannot be guaranteed.

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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 – Analyst Notes # 1228 – AdTech

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RECENT NOTABLE ACTIVITY – ADTECH

  • QuanticMind, a data management and ad analytics platform has raised $20M Series B funding from Cervin Ventures, Safeguard Scientifics, and Foundation Capital. Link
  • Indivio, a platform to create, test and optimize Facebook ads has raised $120K Seed funding from YCombinator. Link
  • AdAsia Holdings, a cross-device online advertising network has raised $2.5M Series A funding from Gunosy. Link
  • Double Verify, an online media verification and campaign effectiveness solution provider has raised a PE round funding from Providence Equity Partners. Link
  • ViralGains, a video ad creative platform to engage users has raised $10M in Series B funding from First Analysis, Origin Ventures, Stage 1 Ventures, Pallasite Ventures, and LaunchCapital and a $3.5M Debt funding from Square 1 Bank. Link
  • Snaps, a marketing automation software for mobile messaging has raised $6M Series B funding. Link
  • mParticle, a mobile data management and activation platform has raised $35M Series C funding from Harmony Partners, Bain Capital Ventures, and Social Capital. Link
  • System 1, an ad targeting platform for identifying consumer intent has raised $270M PE funding led by Court Square Capital Partners. Link
  • Funnel, an advertising analytics platform has raised $10M Series A funding from Balderton Capital, Industrifonden, and ZOBITO. Link
  • Dashbid Media, a video supply-side platform has raised $950K Series A funding. Link
  • Smartly.io, a Facebook ad optimization platform has raised $20M Series B funding from Highland Europe. Link
  • Blueconic, an on-site personalization platform for e-commerce has raised $9.57M Series A funding from Sigma Prime Ventures and Converge. Link
  • Clinch, a programmatic video ad creative platform has raised $3M Angel funding. Link
  • Maxpoint, a hyperlocal targeted advertising platform was acquired by Valassis, a multi-channel media solution provider for $95M. Link
  • Mezzobit, a data management platform on viewability score and the ad revenue was acquired by OpenX, a programmatic ad exchange platform. Link
  • Adfactor, an online advertising network of native ads was acquired by RTL, a venture capital firm. Link
  • JustAd, a self-service platform for mobile ad creation was acquired by Glispa, a digital marketing and advertising agency. Link

SOME INTERESTING STARTUPS FOUND

ADSNEX (2016, Bauru) – An advertising platform that predicts future ad impressions traffic levels and campaign inventory availability.

LEADER BOARD – ADTECH

Creatives
Sundaysky (2007, Tel Aviv, $67M) – Enables brands to deliver scalable one-to-one video experiences. Helps to create, manage and optimize real-time personalized video programs throughout the customer lifecycle. Backed by Norwest Venture Partners, Comcast Ventures, Carmel Ventures, Globespan Capital Partners.

Flite (2006, SF, $43M, Acq.) – Provides a suite of tools to deliver programmatic creatives, content-driven ads and responsive ads as platform solutions. Acquired by Snap in 2016. Backed by Northgate Capital, Sequoia Capital, HWVP and General Catalyst Partners.

Trading Desk
Mediacrossing (2012, Stamford, $9M) – Provides a digital media trading and data management platform. Focuses on programmatic trading, campaign optimization, media planning, high-frequency trading and media buying. Backed by Connecticut Innovations. 

Demand-Side Platform
AppNexus (2007, NYC, $319M) – Offers an advanced programmatic advertising technology platform that provides trading solutions and powers marketplaces for internet advertising. Backed by TCV, News Corp, Venrock, SV Angel, Khosla Ventures, Kodiak VP, First Round Capital, Tribeca VP, WPP, and Microsoft. 

Turn (2004, Redwood City, $156M, Acq.) – Serves as a demand-side platform and data management platform for buyers of advertising inventory. Acquired by Amobee. Backed by NVP, Focus Ventures, Trident Capital, Shasta Ventures, Fidelity Investments, BlackRock, Firsthand Technology Value Fund and Northport Investments. 

Ad Exchange
OpenX (2006, Pasadena, $85M) – Offers an ad server, RTB ad exchange and a supply-side platform to connect publishers with advertisers. Backed by Accel Partners, First Round Capital, Index Ventures, Mangrove Capital Partners and O’Reilly Alphatech Ventures.

BrightRoll (2006, SF, $46M, Acq.) – The BrightRoll platform delivers, manages and measures the performance of digital video ad campaigns across the web, mobile and connected TV. Acquired by Yahoo in 2014. Backed by True Ventures, Adams Street Partners, Trident Capital, Scale Venture Partners, and Endeavour Partners.

Ad Network
InMobi (2007, Bangalore, $221M) – Enables advertisers to launch personalized mobile and website ad campaigns using targeted data analytics for consumer life map, behavior, social connections, and demography. Backed by Sherpalo Ventures, Mumbai Angels, KPCB, SoftBank and Tennenbaum Capital.

Millennial Media (2006, Baltimore, IPO, Acq.) – Independent mobile ad platform and data company that partners with advertisers, app developers, and mobile operators to reach consumers at scale. Acquired by AOL in 2015. Backed by NEA, BVP, Columbia Capital and Charles River Ventures.

Data Management Platform
Adconion (2006, Santa Monica, $80M, Acq.) – Provides audience targeting solutions including behavioral and demographic targeting with technology and data analysis to create online campaigns across multiple platforms. Acquired by Amobee in 2014. Backed by Index Ventures, Wellington Partners, Silicon Valley Bank.

Phorm (2002, London, IPO) – Phorm employs behavioral based targeted advertising using ISP’s data and browsing habits. Phorm provides a source of keyword text advertising across all categories. Went public in January 2005. Backed by Morgan Stanley, Evolution Securities, Mirabaud Securities LLP and Canaccord Adams.

Ad Verification
Integral Ad Science (2009, NYC, $81M) – Global media valuation platform that evaluates the quality of ad placements for display and video ads. Backed by Pelion VP, Atlas Venture, Sapphire Ventures, August Capital, Silicon Valley Bank, Coriolis Ventures and Founder Collective.

DoubleVerify (2008, NYC, $46.5M) – Tracks the actual delivery of campaigns to verify that they are in compliance with the advertisers’ insertion order terms, conditions and buying guidelines. Backed by Blumberg Capital, First Round Capital, JMI Equity, IVP and Genacast Ventures. 

Retargeting
Criteo (2005, Paris, IPO) –  A technology company that serves personalized online display advertisements to consumers on behalf of e-commerce companies. Went public in October 2013. Backed by Softbank, Sapphire Ventures, BVP, Index Ventures, Elaia Partners and Idinvest Partners. 

AdRoll (2007, SF, $90M) – Offers a retargeting platform for ads across Facebook, Twitter, mobile, and the web. Backed by Accel Partners, Northgate Capital, Merus Capital, IVP and Foundation Capital.

Enablers
Ensighten (2009, Cupertino, $108.5M) – Provides proprietary data and tag delivery network that allows organizations to deploy vendor tags on any platform or device. Backed by Insight Partners, Volition Capital, Lead Edge Capital, Floodgate and The Halo Fund.

Peer39 (2006, NYC, $30M, Acq.) – A pre-bid data provider for programmatic buying by classifying its RTB inventory at the page-level. Acquired by Digital Generation Inc. in 2012. Backed by Dawntreader Ventures, JP Morgan, Canaan Partners, Evergreen Venture Partners, and Silicon Valley Bank.

Supply-side Platform
Yume (2004, Redwood City, IPO, Acq.) – Provides digital video advertising solutions for brand advertisers and enable them to find target audiences across a range of digital media properties. Went public in July 2013. Acquired by RhythmOne in September 2017. Backed by Accel Partners, Khosla Ventures, Felicis Ventures, Intel Capital, DAG Ventures, e.ventures.

Rubicon Project (2007, LA, IPO) – Advertising automation platform enabling premium publishers to transact many advertising brands globally. Went public in April 2014. Backed by Clearstone VP, Mayfield Fund, Stanford University, IDG Ventures Vietnam.
Pubmatic (2006, Redwood City, $63M) – Provides a holistic inventory, data and advertising revenue optimization platform for digital publishers. Backed by DFJ, Nexus VP, and Helion VC.

Native Ad Platform
Outbrain (2006, NYC, $194M) – Provides content discovery and recommendation for publishers to increase traffic and generate revenue based on user-specific contextual analysis and collaborative filtering. Backed by Gemini Israel Ventures, LVSP, Glenbrook Partners, LGiLab, Carmel Ventures, GlenRock Israel, Index Ventures, HarbourVest Partners, Vintage Investment Partners, Susquehanna Growth Equity.

Taboola (2007, NYC, $160M) – Provides content advertising, distribution and monetization solutions to publishers and marketers. Backed by Evergreen VP, Pitango Venture Capital, WGI Group, Comcast Ventures, Marker and Daily Mail.

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 AdTech feed.

Tracxn – Analyst Notes # 1229 – Enterprise Collaboration

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RECENT NOTABLE ACTIVITY – ENTERPRISE COLLABORATION

  • Unified communications technology startup, Weave raises $19.8 million from an undisclosed investor. Link
  • Open source software firm Open-Xchange raises € 21 million from Iris Capital and eCapital. Link
  • Hive Technologies, a team and task management solution provider raises $4 million of funding. Link
  • LumApps, an enterprise social networking platform for G-Suite users, raises $8 million in a Series A funding round led by Idinvest Partners. Link
  • Vidyo, an HD video conferencing solution provider, raises $9.4 million in financing. Link
  • The Japanese firm Nulab, which provides collaboration suite solutions for enterprise, raises $889k from East Ventures. Link
  • Dialpad, an enterprise messaging platform, raises $17 million in funding. Link
  • GI partners invest an undisclosed investment in Access Information Management, a records and information management services provider. Link
  • Oneteam, a Japanese firm which provides messaging and chat solutions for enterprises, raises $3.4 million in funding. Link
  • MeetingPackage, an online marketplace for booking meeting rooms, raises € 1.2 million in seed funding. Link
  • Noticeboard, a cloud based platform for front line staff, raises a funding of undisclosed amount from Myntra CTOShamik Sharma and TaxiForSure founder Aprameya Radhakrishna. Link
  • BoardBookit, a board portal software for board members, brings in $1.5 million in funding. Link
  • Slack, a real-time messaging and archiving solution provider, raises $250 million from a Saudi-backed SoftBank Group and other investors. Link
  • Thai startup Eko received a funding of $1 million from ITOCHU. Link
  • NexH Holdings buys equity interest in Mlabs Systems, an audio, video and web conferencing solution provider, for RM7.2 million cash. Link

SOME INTERESTING STARTUPS FOUND

butter.ai (2016, San Francisco) – Butter.ai is a chatbot startup which is working on a tool for users to search for information inside their company database. It will provide users a way of finding things in their database of work documents and other data by asking the Butter bot questions.

LEADER BOARD – ENTERPRISE COLLABORATION

Collaboration Suite
LogMeIn (2003, Boston, IPO) – Provider of SaaS and cloud-based remote connectivity services for collaboration, IT Management & customer engagement. Went Public in 2009.
Atlassian (2002, Sydney, IPO) – Enterprise collaboration software solutions provider offering tracking, collaboration, real-time communication, code hosting and repository management. Went public in December 2015.

Enterprise File Synchronization and Sharing
Box (2005, Los Altos, IPO) – Enterprise file sharing cloud storage platform with secure cloud content management and collaboration. Went public in 2015.
Dropbox (2007, SF, $607M) – Dropbox offers cloud storage, file sharing and synchronization, personal cloud, and client software. Backed by BlackRock, Index Ventures, Sequoia Capital.

Enterprise Content Management
OpenText (1991, Waterloo, IPO) – Provider of enterprise information management software solutions to help companies manage their unstructured business information. Went Public in 1996.

SpringCM(2005, Chicago, $113M) – Provider of enterprise class, on-demand workflow automation, and document management for legal and sales team in a completely web-based environment. Backed by Foundation Capital, NBVP, Growth Equity, Panorama Point Partners, Bluestem Capital, Goff Capital, Wellington Financial, SVB, and Square 1 Bank.

Knowledge Management
Bowstreet (1991, Tewksbury, IPO) –  Provider of portal-based tools and technology that helps companies bring together corporate applications, documents, databases and other enterprise information into a single, integrated portal application. Acquired by IBM in December 2005.  

Inkling (2009, SF, $86M) – Provides a mobile publishing platform for learning content. Backed by Sequoia Capital.

Collaborative Workspaces
Quip (2012, SF, $46M, Acq) – Provides cloud-based word processor to collaborate on documents. Acquired by Salesforce for $750M in August 2016.

Mindjet (1994, SF, $33.2) – Provides mind mapping and innovation management software.

Enterprise Social Networking
Jive Software (2001, Palo Alto, Acq.) – Provider of communication and collaboration solutions to businesses. Acquired by ESW Capital’s Wave Systems for $462M in 2017.

Yammer (2008, SF, $142M, Acq.) – Enterprise social network for employees to create groups to collaborate on projects and share & edit documents. Acquired by Microsoft in 2012.

Enterprise Communication – Unified Communication
Cisco (1984, SF, IPO) – Offers full UC suite of integrated on-premise and cloud based applications and services based on its Unified Communications Manager. Went public in February 1990.   

Mitel (1973, Kanata, IPO) – Provider of unified communication solutions for businesses focused on VoIP products. Went public in May 2006.

Enterprise Communication – Conferencing
Vidyo (2005, Hackensack, $172M) – Provides both software based technology and product based visual communication solutions.
BlueJeans Network (2009, Mountain View, $175M) – Cloud-based video conferencing solution provider. Backed by NEA, Battery Ventures, NVP, Glynn Capital, Accel Partners, and Quadrille Capital.

Enterprise Communication – Messaging & Chat Apps
Vocera (2000, San Jose, IPO) – Provides mobile communication solutions for integrated, intelligent communication in healthcare and other mission-critical mobile environments. Went public in 2012.

Slack (2009, Vancouver, $841M) – SaaS team communication tool for enterprises. Backed by Social Capital, GV, Accel Partners, SV Angel.

Project Management
Workfront (2001, Lehi, $95M) – Cloud-based enterprise work management solution for marketing, IT, and other enterprise teams. Backed by Greenspring Associates, JMI Equity.

Smartsheet (2005, Bellevue, $120M) – Provides online collaborative work platform used by individuals and companies of all size to manage projects and get work done from any device or browser.

Meeting Management
Diligent (2001, NYC, $30M) – Cloud-based board portal software for collaboration among corporate boards and senior executives. Got acquired by Insight Venture Partners for $624M in 2016. 

Teem (2012, Salt Lake City, $21.5M) – Provides room booking software and workplace analytics software. Backed by NGP, Origin Ventures, Zetta Venture Partners, Greycroft Partners, GE Ventures, Peak Venture, Royal Street
Ventres and more.

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 Enterprise Collaboration feed.

Tracxn – Analyst Notes (India Practice) # 525

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

INTERESTING STARTUPS

Tippie (2015, Mumbai), video walkthrough creator for apps. Founders are ex-S1 Services, Godrej Consumer Products, Aker Solutions and are alumni of IIT Bombay & NITIE. Local comparable is Whatfix (2010, Bangalore, $4.9M). Global comparables are Chameleon (2015, SF, $1.91M) and Appcues (2013, Boston, $1.2M).

INDIA INTERESTING NEWS

Renew Buy (2014, Gurgaon), online motor insurance comparison provider, raises $9.2M in funding from Amicus Capital. Link

Kinara Capital (2011, Bangalore), collateral free funding provider to MSMEs, raises $15M in funding from Gaja Capital and others. Link

Vatsalya Dental (2003, Bangalore), oral healthcare solution provider, raises $3.06M in funding from S-Squared Capital. Link

Saif Partners acquires 1% stake in Bajaj Corp (1930, Delhi), manufacturer of personal care products, for $9M in an open market transaction. Link

Swiggy (2014, Bangalore), online platform that delivers food from restaurants, partners with Indifi (2015, Gurgaon), SME lending platform, to provide working capital loans to restaurants. Link

Philips HealthWorks, healthtech startup accelerator, shortlists 4 startups from its second cohort. Link

MobiKwik (2009, Gurgaon), mobile wallet, recharge and bill payments app, appoints Rukaiya Rangwala as head of its payment gateway business. Link

GLOBAL ROUNDUP

InflaRx (2008, Jena), developer of anti-inflammatory products based on monoclonal antibodies, raises $55M in Series D round of funding from Bain Capital, RA Capital Management and others. Link

Airtaskers (2012, Sydney), online marketplace for outsourced tasks, raises $33M in Series C round of funding led by Seven West Media, Exto Partners and Black Sheep Capital. Link

CastBox (2015, Chaoyang), free podcast and online radio aggregator, raises $16M in funding led by Qiming Venture Partners and IDG Capital with participation from SIG China, GSR Ventures and ZhenFund. Link

The Simpleshow Company (2008, Luxembourg), video summary platform, raises $15M in Series B round of  funding from BIP Fund SCA. Link

IGN (1996, SF), video game & entertainment media company, acquires Humble Bundle(2010, SF), online retailer of digital goods, for an undisclosed amount. Link

M33 Growth, Boston based, venture and growth-stage investment firm, raises $180M for its debut venture and growth stage fund. Link

Wavemaker Partners, Los Angeles based early-stage venture firm, raises $66M for its second Southeast Asia fund. Link


Tracxn – South East Asia Newsletter # 106

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A weekly newsletter summarizing recent activity and interesting startups in South East Asia.

INTERESTING COMPANIES FOUND

Emvoice (2017, Singapore) – Develops AI-powered speech synthesis engine. Global comparable include Lyrebird (2017, Montreal, $120k) and Unisound (2012, Beijing, $112M).

Antz (2017, Singapore) – Blockchain enabled procurement marketplace for business services. Global comparable include BitBay (2014, Diemen).

SEA – FUNDING UPDATES

Hatcher+ raises funding
Hatcher+ (2013, Singapore), a cloud-based investment management platform for investors, raises $3.5M in funding from led by Mistletoe.

JustCo raises funding
JustCo (2015, Singapore), a managed coworking space, raises an undisclosed amount in Series B from Sansiri.


Chope raises funding
Chope (2011, Singapore), an online restaurant reservation, raises $13M in Series D from Square Peg Capital, CapitaLand, Moelis, NSI Ventures, SIG, SPH Ventures and DSG Consumer Partners.

Hipflat raises funding
Hipflat (2010, Bangkok), an online listing platform for residential properties, raises an undisclosed amount in funding from Aucfan.

Gushcloud raises funding
Gushcloud (2011, Singapore), an influencer marketing firm, raises $3M in funding from YG Entertainment.


Deliveree raises funding
Deliveree (2015, Bangkok), on-demand logistics and transportation platform, raises $14.5M in Series A from Gobi Partners, Asia Summit Capital, Inspire Ventures and PSA Unboxed.

Oplifi raises funding
Oplifi (2015, Singapore), a digital ads programmatic channel provider, raises $750k in funding from Rainmaker Ventures.

SEA – RECENT DEVELOPMENTS

Chinese internet giant Tencent seeks to buy $100M of stock in Sea IPO
Tencent seeks to buy $100M of stock in Sea, formerly known as Garena, IPO.

Backed by Temasek, Wavemaker closes $66M venture fund for Southeast Asia
Backed by Temasek, Wavemaker closes $66M venture fund for Southeast Asia.

Malaysia’s Cradle Seed Ventures set to launch $20M second fund
Malaysia’s Cradle Seed Ventures set to launch $20M second fund.

Shell partners QEV, ABB to build EV charging stations
Pilipinas Shell Petroleum Corp, QEV Philippines, and Swiss robotics firm ABB have partnered to put up the first electric vehicle fast charging infrastructure network in the Philippines.

Salim-Lotte launch $100M e-commerce JV
Salim Group, an Indonesian conglomerate, teams up with South Korean retail giant Lotte Group to launch iLotte, an e-commerce platform that will directly compete with the likes of Lazada, Blibli, MatahariMall, and JD.id.

Blue Bird raises funding
Blue Bird, a conventional taxi operator, raises $74M in funding from Bank Sumitomo Mitsui Indonesia.

Indonesia listed startup Kioson closes post-IPO Narindo acquisition deal
Indonesia listed startup Kioson closes post-IPO Narindo acquisition deal.

CPPIB commits $350M to SG’s Keppel-backed data center fund, option to invest another $150M
CPPIB commits $350M to SG’s Keppel-backed data center fund, option to invest another $150M.

Tracxn Analyst Notes (China Practice Weekly) # 104

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A weekly newsletter summarizing recent activity in the Chinese startup ecosystem.

DEALS OF THE WEEK

China’s Tencent Leads $1.1B Round In Indian Ride Sharing Firm Ola
Ola (2011, Bangalore), an app-based asset-light cab operator, raises $1.1B in funding led by Tencent Holdings with participation from SoftBank Group

INTERESTING FUNDRAISING ACTIVITY IN CHINA

China’s Airbnb Platform Tujia.Com Raises $300M Series E Round At $1.5B Valuation
Tujia (2011, Beijing), a short-term vacation home rental platform, raises $300M in series E round of funding led by All-Stars Investment and Ctrip with participation from China Renaissance’s New Economy Fund, Glade Brook Capital, and G Street Capital.

China’s Shunwei Capital Leads $100M Round In HK Logistics Firm Lalamove At Near Unicorn Valuation
Lalamove (2013, Hong Kong), a provider of on-demand deliveries via its website and mobile app, raises $100M in funding led by Shunwei Capital with participation from Xianghe Capital and MindWorks Ventures.

Temasek Co-Leads $72.8M Round In Chinese Fintech Firm Tongdun Technology
Tongdun Technology (2013, Hangzhou), a Fintech start-up specializing in risk control, raises $72.8M in funding led by Temasek Holdings, Tiantu Capital and Xindahanshi Capital.

CITIC, Source Code Join $45M Round In China’s Mobile Phone Recycling Firm Huishoubao
Huishoubao (2015, Shenzhen), a mobile phone recycling firm, raises $45M in series B round of funding led by Strait Capital Investment Group with participation from Source Code Capital, SMC Capital China, CITIC Capital and Chengwei Capital.

China’s SMEs Fund Leads $11M Series A Round In Fitness Room Sharing Start-up Misspao
Misspao (2017, Beijing), a developer of fully-automated mini fitness rooms, raises $11M in series A round of funding led by National Small and Medium-size Enterprises Development Fund with participation from Matrix Partners China, ChinaEquity Group, Whales Capital and Lieying Capital.


Tendence Leads $9.4M Round In Chinese Agricultural Drone Developer Beehive Technology
Beehive Technology (2011, Beijing), a Chinese agricultural drone developer, raises $9.4M in series A round of funding led by Tendence Capital.

Overseas Investments and Acquisitions by Chinese Companies

SoftBank Leads $93M Round In U.S. Machine Learning Start-Up Petuum, China’s Advantech Capital Joins Round
Petuum (2016, Pittsburgh), a distributed machine learning framework, raises $93M in series B round of funding led by SoftBank Group with participation from Advantech Capital.

Gobi Partners leads $14.5M round in logistics platform Deliveree
Deliveree (2015, Bangkok), an on-demand logistics and transportation platform, raises $14.5M in series A round of funding led by Gobi Partners with participation from Asia Summit Capital, Inspire Ventures and PSA Unboxed.

 

Tracxn – Analyst Notes # 1230 – Alternative Lending

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RECENT NOTABLE ACTIVITY – ALTERNATIVE LENDING

  • Salary Finance, a London-based employee loans and financial well-being platform, closes a £40M ($53M) round led by Legal and General, with participation from Blenheim Chalcot. Link
  • Prosper, a San Franciso-based P2P lending marketplace, raises a $50M Series G round from an investment fund co-managed by FinEX Asia. Link
  • Younited Credit, a Paris-based P2P lending platform raises $47.8M (€40M) from Eurazeo, Crédit Mutuel Arkéa, AG2R La Mondiale and Weber Investissements, Matmut Innovation, Zencap Asset Management, and Bpifrance. Link
  • SpotCap, a Berlin-based lending platform offering credit lines to businesses, raises €22M ($25.8M) in debt and equity financing from existing investors. Link
  • PayBreak, an Altrincham, UK-based purchase financing provider at online and offline points of sale which owns the AffordItNow brand, secures a £12.5M ($16.7M) wholesale funding line from Shawbrook Bank. Link
  • Compeon, a German comparison platform for business financial products, secures €12M ($15.8M) in a Series B round led by existing investor Tengelmann Ventures, with participation from btov Partners and Dieter von Holtzbrinck Ventures. Link
  • RateSetter Australia, a Sydney-based P2P lender with parent operating in the UK, raises a $10.5M round led by Five V Capital, with support from other new professional investors and existing shareholders. Link
  • Konfio, a Mexican online lending platform for small business loans, raises a $10M Series B round led by IFC, with participation from QED Investors, Kaszek Ventures, Quona Capital, and Jaguar Ventures. Link
  • Invoice Finance, an Amsterdam-based marketplace for invoice financing, raises €6M ($7.06M) from Peak Capital. Link
  • Lendable, a Nairobi-based marketplace for financing African alternative lenders, raises a $6.5M Series A round from KawiSafi Ventures, Omidyar Network, Fenway Summer Ventures and angel investors. Link
  • Beehive, a Dubai-based peer-to-peer lender with multinational presence, raises a $5M Series A round led by Riyad TAQNIA Fund with participation from Mohammed Bin Rashid Fund and other regional investors. Link
  • AlphaFlow, a San Francisco-based automated alternative investment platform in real estate, raises $4.1M in a Seed round led by Point72 Ventures and Resolute Ventures, with participation from Upside Partnership, Social Capital, Y Combinator, Drobny Capital affiliate Clocktower Technology Ventures and Red Swan Ventures. Link
  • SlicePay, a Bangalore-based purchase financing provider for millenials, raises a $2M Series A round from Das Capital, Simile Venture Partners, and Blume Ventures. Link
  • Singapore-headquartered FinAccel, which provides purchase financing for online shoppers under the brand Kredivo, raises a Series A round co-led by Jungle Ventures and NSI Ventures. Link
  • Qudian, a leading China-based online credit provider, files for a $750M IPO at NYSE. Link

LEADER BOARD – ALTERNATIVE LENDING

Consumer Loans
Lending Club (2007, SF, IPO) – P2P online lending marketplace. Backed by Canaan Partners, Norwest Venture Partners, Morgenthaler Ventures, Foundation Capital. Went public in 2014.

SoFi (2011, SF, $2.12B) – Marketplace lender and provider of student loan refinancing. Backed by Morgan Stanley, SoftBank, Third Point Ventures, Renren, Discovery Capital, Baseline Ventures, QED Investors.
Prosper (2005, SF, $410M) – P2P lending marketplace. Backed by Credit Suisse, Sequoia Capital, Francisco Partners, Draper Fisher Jurvetson.
Avant (2012, Chicago, $655M) – Online lending platform. Backed by Tiger Global Management, Victory Park Capital, August Capital.
Affirm (2012, SF, $420M) – Provides instant point-of-sale financing for online purchases. Backed by Spark Capital, Andreessen Horowitz, Khosla Ventures, Lightspeed Venture Partners.
GreenSky (2006, Atlanta, $410M) – A consumer finance marketplace, specializing in providing support services for consumer credit in the home improvement, retail, and healthcare industries. Backed by QED Investors, TPG, Fifth Third Bancorp.
Klarna (2005, Stockholm, $335.8M) – Platform providing e-commerce payment solutions for merchants and shoppers. Backed by General Atlantic, Sequoia Capital, QED Investors, DST Global.

Business Loans
OnDeck (2007, NY, IPO) – Technology-enabled financial platform that provides loans to small and medium-sized businesses. Backed by Tiger Global Management, Google Ventures, RRE Ventures. Went public in 2014.
IOU Financial (2006, Kennesaw, IPO) – Working capital loan provider to small businesses. Went public in 2014.

Funding Circle (2010, London, $375M) – P2P marketplace for business loans. Backed by Accel Partners, Index Ventures, Union Square Ventures, DST Global, Temasek, Ribbit Capital, Baillie Gifford, Rocket Internet, Sands Capital, Montage Ventures, Endurance Companies.
Kabbage (2009, Atlanta, $491M) – Provider of working capital loans for small businesses. Backed by Reverence Capital Partners, SoftBank Capital, Mohr Davidow Ventures, BlueRun Ventures.
Behalf (2011, NY, $156M) – Lending platform which offers financing for small businesses. Backed by Sequoia Capital, Viola Group, Spark Capital, Vintage Partners, Western Technology Investment, Victory Park Capital, MissionOG, Maverick Ventures.
BlueVine (2013, Redwood City, $113M) – An online invice factoring company. Backed by Lightspeed Venture Partners, Menlo Ventures, 83North, and Citi Ventures.
AbleLending (2014, Texas, $111M) – A collaborative lending platform for small businesses. Backed by Community Investment Management.
LendingHome (2013, SF, $109M) – Online mortgage marketplace for real estate loan. Backed by Foundation Capital, Renren, Ribbit Capital.
Fundbox (2012, SF, $107.5M) –  An invoice discounting service provider.Backed by Spark Capital, General Catalyst Partners, Khosla Ventures.

Enablers
Think Finance (2001, Fort Worth, $60M) – Analytics and technology services for lenders. Backed by Sequoia Capital, TCV, Victory Park Capital.

Zest Finance (2009, LA, $54M) – Deploys machine learning to provide lenders with borrowers’ credit score. Backed by Lightspeed Venture Partners, Matrix Partners, Kensington Capital, Northgate Capital, Baidu.
FactorTrust (2006, Atlanta, $43.6M) – Provider of consumer data, analytics and risk scoring solutions on those underserved by traditional banking channels. Backed by  ABS Capital Partners, MissionOG, Archbrook.
Insikt (2012, SF, $24M) – White label platform for online lending. Backed by Accelerator Ventures, Investment AB Kinnevik, FirstMark Capital, Atalaya Capital.

Investment Platforms
Orchard (2013, NYC, $65M) – An investment and analytics platform that supports the lending marketplaces by providing technical and operational efficiency to help institutional investors and loan originators connect and transact. Backed by Canaan Partners, Spark Capital, QED Investors, Thrive Capital, Thomvest Ventures, Victory Park Capital, Conversion Capital, Tom Glocer, Brooklyn Bridge Ventures, Nyca Partners, Social Leverage.

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

For the latest update, visit Alternative Lending feed.

Tracxn – Analyst Notes (India Practice) # 526

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

INTERESTING STARTUPS

Marax (2016, Bangalore), AI based intelligent agents for the enterprise. Founders are ex-ZipGo, Deloitte, QuizWorks, hCentive, Lukup Media and are alumni of IIT-Kharagpur. Local comparable is Joe Hukum (2015, Gurgaon). Global comparables are Rulai (2016, Campbell, $13M) and NextIT (2002, Spokane, $8.75M).

INDIA INTERESTING NEWS

Krazy Bee (2016, Bangalore), provider of EMI based purchase loans for students, raises $8M in a combination of debt and equity in a series-A round of funding led by Xiaomi and others. Link

FingerLix (2016, Mumbai), private label brand for ready-to-cook food products, raises $6.9M in funding from Accel Partners. Link

Near Group (2015, Delhi), hyperlocal social networking app, raises $1.6M in Seed round of funding led by Open Ocean, with participation from other firms including Neotribe and Boost VC. Link

V2 Retail (2001, Delhi), chain of offline retail fashion stores, raises $12M in funding from Lighthouse Advisors India. Link

Sankalp Semiconductors (2005, Hubli), end-to-end design and manufacturing solutions provider for semiconductors, raises $5M in Series A round of funding from Stake Boat Capital. Link

Amazon (1994, Seattle), international online marketplace, invests $250M in its India-based seller operations unit – Amazon Seller Services as per the filings. Link

Zeta (2015, Bangalore), employee tax benefits and payment solutions provider, partners with Mahindra to expand its corporate payments. Link

Napino (1997, Gurgaon), manufacturer of auto electronics & electrical products, ties up with IAMAI to launch India’s first IoT based startup incubator – iot.IN. Link

GLOBAL ROUNDUP

Lime Bike (2017, San Mateo), provider of smart bike-rental service, raises $50M in Series B round of funding led by Coatue Management. Link

Chope (2011, Singapore), online restaurant reservations platform, raises $18M in Series D round of funding led by Square Peg Capital with participation from C31 Ventures and Moelis Australia, NSI Ventures, Susquehanna International Group, DSG Consumer Partners, and SPH Ventures. Link

Verve (2012, London), peer-to-peer event promotion software, raises $18.5M in funding led by Draper Esprit, with participation from previous investors Kindred, Frontline Ventures, and Backed. Link

Xmos (2005, Bristol), multicore microcontroller developer, raises $15M in Series E round of funding led by Infineon Technologies with participation from existing investors Amadeus Capital Partners, Draper Esprit, Foundation Capital and Robert Bosch Venture Capital. Link

Illumina Ventures, San Francisco based venture capital firm, closes first venture capital fund, at $230M. Link

Tracxn – Healthcare Newsletter # 118 – Healthcare Analytics

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RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS

  • Siris Medical which has commercialized the first artificial intelligence treatment decision support system in radiation therapy raised $4M in Series A1 round led by DigiTx Partners with Participation from Medical Technology Venture Partners. Link
  • HealthRhythms which offers behavioral health platform has received a $2.1M grant from the NIH to continue investigating smartphone-based behavioral health interventions. Link
  • Infervision which develops AI-based medical imaging technology raised $18M in Series B round led by Qiming Venture Partners with participation from Sequoia Capital China and Genesis Capital. Link
  • Cogitativo, a machine learning and data-science-as-a-service company for healthcare organizations raised $5M in Series A round from HCSC Ventures. Link
  • Tempus which offers an oncology platform for sequencing, analytics and informatics closed a $70M Series C round co-led by New Enterprise Associates (NEA) and Revolution Growth. Link
  • Analytics 4 Life, which is developing a cardiac imaging technology raised a $25M in Series B round from an international syndicate of accredited investors. Link
  • Cardinal Analytx Solutions, a developer of advanced machine learning solutions for improving healthcare raised $6.1M in Series A funding led by Cardinal Partners with participation from Premera Blue Cross and the Stanford-StartX Fund. Link
  • VoxelCloud, a medical artificial intelligence company has raised $15M in Series A+ funding led by Tencent Holdings with participation from its existing investors including Sequoia Capital and NewMargin Ventures. Link
  • Jool Health, a provider of digital Precision Well-Being solutions raised $4.5M in seed funding led by Grand Rapids with participation from Tappan Hill Ventures, Michigan Angel Fund, Wakestream Ventures, and angel investors. Link
  • Cardiologs Technologies, which provides an artificial intelligence-driven platform to manage cardiac patients, raised $6.4M in Series A funding from Idinvest, ISAI, Kurma Partners, Partech Ventures and Bpifrance. Link
  • Expression Health, a provider of business intelligence analytics for healthcare organizations and providers is acquired by Trilliant Health. Link
  • Medaphor has agreed to acquire imaging analytics platform provider Intelligent Ultrasound (IUL) for approximately $4.7M (£3.6m). Link

SOME INTERESTING STARTUPS FOUND

CereMetrix (2017, Littleton) – A provider of analytical engine and database solution for brain disorder diagnosis.
Aperio Health (2017, Washington D.C.) – A provider of all-in-one population health intelligence platform & EHR solution.

LEADER BOARD – HEALTHCARE ANALYTICS

Suite Solutions
NantHealth (2007, Culver City, IPO) – Building an integrated, evidence-based, omically-informed, personalized approach to the delivery of care and the development of next generation healthcare solutions.Went public in 2016.

Inovalon (1998, Bowie, IPO) – Cloud-based analytics platform for clinical, financial and quality insights. Went public in 2015.
Evolent Health (2011, Arlington, IPO) – An integrated platform for population health, financial and operational analytics. Went public in 2015.
Health Catalyst (2008, Salt Lake City, $237M) – A suite of health analytics and data management solutions to help identify care gaps and support process improvement. Backed by Sequoia Capital, Norwest Venture Partners, Sands Capital Ventures, Sorenson Capital and more.

EHR Platforms
Modernizing Medicine (2010, Boca Raton, $329M) – Provides Electronic Medical Assistant (EMA), is a cloud-based, specialty-specific electronic medical record (EMR) system. Backed by IBM, Summit Partners, Silicon Valley Bank, Pentland, Sands Capital, Sands Capital Ventures

Flatiron Health (2010, NYC, $314M) – Cloud-based Cancer care platform for clinical, financial and operational intelligence. Backed by Google Ventures, Roche, First Round Capital, Social Capital, SV Angels and more.

Population Health Management
Welltok (2009, Denver, $185M) – PaaS based analytics platform for health optimization and population health management. Backed by Qualcomm Ventures, EMCAP Partners, Interwest Partners, Bessemer Venture Capital.

MedHOK (2009, Denver, $77.5M, Acq) – Provides a SaaS-based platform that uses predictive analytics to allow payers to identify and target member health risks, trigger workflow interventions. Acquired by Hearst Communications.

Clinical Analytics
Imaging Advantage (2007, Santa Monica, $295M) – Cloud-based clinical decision support tool for radiologists. Backed by Goldman Sachs, Brightwood Capital Advisors, and CRG.

Heart Flow (2007, Redwood City, $227M) – Non-invasive decision support tool for diagnosing blood flow blockages in the heart. Backed by Capricorn Investment Group and more.
Tempus (2015, Chicago, $130M) – Offers a sequencing, analytics and informatics platform for cancer treatment that helps physicians make real-time data-driven decisions. Backed by New Enterprise Associates, Revolution, and Lightbank.

Financial Analytics
Remedy Partners (2011, Fairfield, $96M) – Provides a tech-enabled episode based care. Backed by Bain Capital Ventures, TomorrowVentures, Bain Capital, Spring Lake Equity Partners.

Truveris (2009, NYC, $51.7M) – A SaaS-based platform for prescription claims analytics and pharmacy data validation. Backed by New Leaf Venture Partners, Tribeca Venture Partners, First Round, New Atlantic Ventures and more.
MediGain (2002, Plano, $46M) – Analytics tools for revenue cycle management, billing, and reimbursement. Backed by Prudential Capital Partners.
Apixio (2009, San Mateo, $42M) – Cognitive computing platform for risk adjustment coding. Backed by SSM Partners, First Analysis, and Bain Capital Ventures.

Operational Analytics
Evariant (2008, Farmington, $68.5M) – CRM analytics platform for digital marketing and patient engagement. Backed by Goldman Sachs, Lightspeed Venture Partners, Health Enterprise Partners, Dignity Health and Salesforce Ventures.

Kyruus (2010, Boston, $56M) – Referral management solutions using analytics and data mining. Backed by Venrock, Mckesson Ventures, New Leaf Venture Partners, Highland Capital Partners and more.
Evidation (2014, Menlo Park, $31M) – Data analytics platform to assess digital health technologies. Backed by Rock Health, GE Ventures, Sanofi-Genzyme BioVentures, Fresco Capital, B Capital Group and more.
OnShift (2008, Cleveland, $30M) – SaaS based staff scheduling software that predicts and prevents overtime and understaffing. Backed by Health Velocity Capital, HLM Venture Partners, Draper Triangle, West Capital Advisors and more.

Health Engagement
Proteus Digital Health (2001, Redwood City, $404M) – Medication adherence platform using sensor-enabled pills, biometric sensor patch, and data analytics. Backed by Novartis, Medtronic, Oracle, KP Ventures.

Early Sense (2004, Israel, $85M) – Has developed a sensor that is placed under the mattress and monitors body vitals as well as bed entries and exits. Backed by Pitango Venture Capital, The Challenge Fund-Etgar, JK&B Capital, ProSeed Venture Capital Fund, Docor International, Bank Hapoalim, Bridge Investment Fund, Noaber Services, Mitsui, Impact First Investments, Partners500, Welch Allyn, Samsung Venture Investment.
Glooko (2010, Palo Alto, $71M) – Analytics-driven diabetes management solution for patients, health systems, and payer groups. Backed by   Georgian Partners, Mayo Clinic, Canaan Partners, Social Capital, Medtronic, Samsung NEXT, Insulet, Samsung Venture Investment, Canaan.

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 Healthcare Analytics feed.

Tracxn – Healthcare Newsletter # 119 – Healthcare IT

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS

  • Siris Medical which has commercialized the first artificial intelligence treatment decision support system in radiation therapy raised $4M in Series A1 round led by DigiTx Partners with Participation from Medical Technology Venture Partners. Link
  • HealthRhythms which offers behavioral health platform has received a $2.1M grant from the NIH to continue investigating smartphone-based behavioral health interventions. Link
  • Infervision which develops AI-based medical imaging technology raised $18M in Series B round led by Qiming Venture Partners with participation from Sequoia Capital China and Genesis Capital. Link
  • MyDoc, a provider of digital health platform for integrated healthcare has raised $5.2M in Series A round led by UST Global with participation from Wavemaker Partners. Link
  • Cogitativo, a machine learning and data-science-as-a-service company for healthcare organizations raised $5M in Series A round from HCSC Ventures. Link
  • Tempus which offers an oncology platform for sequencing, analytics and informatics closed a $70M Series C round co-led by New Enterprise Associates (NEA) and Revolution Growth. Link
  • PatientSafe Solutions, a provider of mobile clinical workflow and communication solutions raised $25M financing round led by HighBar Partners with participation from Merck Global Health Innovation Fund, Camden Partners, Psilos Group, and TPG. Link
  • Analytics 4 Life, which is developing a cardiac imaging technology raised a $25M in Series B round from an international syndicate of accredited investors. Link
  • Cardinal Analytx Solutions, a developer of advanced machine learning solutions for improving healthcare raised $6.1M in Series A funding led by Cardinal Partners with participation from Premera Blue Cross and the Stanford-StartX Fund. Link
  • VoxelCloud, a medical artificial intelligence company has raised $15M in Series A+ funding led by Tencent Holdings with participation from its existing investors including Sequoia Capital and NewMargin Ventures. Link
  • C3HealthcareRx, which provides in-home medication management services raised $7.2M in Series A private investment funding. Link
  • Level Ex, a developer of training simulators for medical specialists raised $11M in first round funding led by 4490 Ventures with participation from JAZZ Venture Partners, Pritzker Group Venture Capital, and other unnamed investors. Link
  • Jool Health, a provider of digital Precision Well-Being solutions raised $4.5M in seed funding led by Grand Rapids with participation from Tappan Hill Ventures, Michigan Angel Fund, Wakestream Ventures, and angel investors. Link
  • Cardiologs Technologies, which provides an artificial intelligence-driven platform to manage cardiac patients, raised $6.4M in Series A funding from Idinvest, ISAI, Kurma Partners, Partech Ventures and Bpifrance. Link
  • Weave Communications which provides unified patient communication technology platform raised $17M Series B-1 funding round led by Catalyst Investors with participation from Crosslink Capital and Pelion Venture Partners. Link
  • Biotechware which develops hardware and software solutions to collect and transfer clinical information raised $2.4M (€2M) from MEDME Group. Link
  • Healthlogistics which provides information and data management software for hospitals is acquired by Germany’s leading hospital group Prospitalia. Link
  • Workplace wellness technology company Viverae acquired health and wellness company SimplyWell. Link
  • Vios Medical, a developer of patient-monitoring sensors and software is acquired by Murata Manufacturing for about $102M. Link
  • Expression Health, a provider of business intelligence analytics for healthcare organizations and providers is acquired by Trilliant Health. Link
  • WebPT, the leading rehab therapy software platform acquired patient engagement company Strive Labs. Link
  • Vitalhub Corp has completed the acquisition of B Sharp Technologies for about $3.8M. Link
  • Medaphor has agreed to acquire imaging analytics platform provider Intelligent Ultrasound (IUL) for approximately $4.7M (£3.6m). Link
  • Virtual healthcare startup Carena is acquired by telemedicine provider Avizia for an undisclosed amount. Link
  • Express Scripts Holding will acquire eviCore healthcare for $3.6B to boost its PBM’s presence in the medical benefit management services sector. Link
  • Tea Leaves Health which provides platforms for health systems to connect with patients on engagement campaigns is acquired by Welltok for more than $83M. Link
  • Rural-focused Azalea Health acquires EHR firm Prognosis Innovation Healthcare. Link
  • EagleDream Health, a cloud-based practice performance optimization company is acquired by NextGen Healthcare for approximately $26M. Link

SOME INTERESTING STARTUPS FOUND

RCM Brain (2017, Louisville) – An AI-based automation engine for providers to collect payments from payers.
Stellicare (2017, Encinitas) – A collaborative care integration software that aids clinicians in solving behavioral health problems in the medical settings.
QClinics  (2016, Montreal) – An AI-powered SaaS company that offers smart online queuing for walk-in clinics.

LEADER BOARD – HEALTHCARE ANALYTICS

VALUE BASED CARE
Evolent Health (2011, Virginia, IPO) – Provides healthcare technologies and services that improve clinical, operational and business outcomes. The company’s services include providing customers with a population.

Privia Health (2013, Viginia, $419M) – Builds and enables physician groups and clinically integrated provider networks using technology, team-based care, and wellness programs to help doctors to manage the health of their populations. Backed by Goldman Sachs, Pamplona Funds, Cardinal Partners, Brighton Health, Health Enterprise Partners and Morgan Noble.

Population Health Management
MedHOK (2009, Tampa, $78M , Acq ) – Provides a SaaS-based platform that uses predictive analytics to allow payers to identify and target member health risks, trigger workflow interventions, and improve the quality of care. Backed by Spectrum Equity and Bain Capital Ventures.

Humedica (2008, Boston, $63M, Acq) – Provides analytics solutions for healthcare providers to create a longitudinal view of individual patients and patient populations by gathering, normalizing, and analyzing data from EHRs, practice management, claims data. Backed by NorthBridge and Bain Capital Ventures.

Patient Engagement
Outcome Health (2006, Chicago, $533M) -Provides hyper-targeted information to patients at the point of car. Baacked by Goldman Sachs, CapitalG, Leerink Transformation Partners, Pritzker Group, Balyasny Asset Management, Alpha Venture Partners and Norwest Venture Partners.

Accolade (2007, Pennsylvania, $163.5M) – Provides consumer healthcare engagement and influence solution for large self-insured employers and payer organizations. Backed by Mckesson, Carrick Capital Partners, Com Cast Ventures.

Medication Adherence
Proteus Digital Health (2001, California, $404M) – Digital medicine platform includes unique measurement tools like sensor enabled pills, a biometric sensor patch worn on the body that receives data from sensors and sends it to the cloud, from where it can be analyzed using a smartphone app by doctors and caregivers. Backed by Novartis, Medtronic, Oracle, KP Ventures.

Care Coordination
Onduo (2016, Minneapolis, $500M) – Technology platform using devices, software, medicine and professional care to manage diabetes. Backed by Sanofi, and Verily. 

PatientSafe Solutions (2002, San Diego, $ 124M) – Provides smart point-of-care mobile solutions and innovating technologies enabling accountable care for healthcare organizations. Backed by HighBar Partners, Merck Global Health Innovation Fund, Camden Partners Holdings and more.

Remote Monitoring
LifeWatch (1993, New Jersey, IPO) – It is a maker of a medical device to be are worn on the chest to record heart’s rhythm. The data is continuously collected and analyzed in a dedicated mobile device.

iRhythm Tech (2006, San Franciso, IPO) – Its product the Zio Patch is a wearable patch designed to gather beat-to-beat heart data for diagnosis of cardiac arrhythmias. Backed by California Healthcare Foundation, Kaiser Permanente Ventures, Mohr Davidow Ventures, New Leaf Venture Partners, Northwest Venture Partners, and Synergy Life Science Partners.
EarlySense (2004, Tel Aviv, $85M) – Developed a sensor that is placed under the mattress and monitors body vitals as well as bed entries and exits, patient motion, and quality of sleep eliminating the need for regularly manually checking the patients in constant care. Backed by Pitango Capital Ventures and JKB Capital.
AirStrip technologies (2003, San Antonio, $65M) – Platform allows clinicians to securely access patient monitoring data such as continuous heart tracings and other waveforms – along with parameters such as BP, temperature, etc from EMRs, bedside monitors, and devices on their laptops and mobiles. Backed by Sequoia Capital, Welltrust Fund, and Qualcomm Ventures.

PROVIDER
Hospital Information Management Systems
Epic (1979, Madison) – Develops, implements and supports IT software solutions for healthcare providers.

Cerner (1979, Kansas City, IPO) – End-to-end healthcare information technology solutions and services for the healthcare provider to optimize clinical, financial and operational outcomes.Went public in 1986.
Livescribe (2007, Oakland, $168M, Acq) – Provides smart CPOE solution platform for healthcareproviders. Backed by Qualcomm, Greenhouse Capital Partners, Scale Venture Partners, Double Bottom Line Investors, Lionhart, TransLink Capital, Keating Capitaland more. Acquired by Anoto in Nov 2015.

Practice Management & EHR Platforms
We Doctor Group (2010, Hangzhou, $521M) – Offers a practice management solutions to healthcare providers. Backed by Tencent, Fosun, Morningside Ventures, Qiming Ventures and Shandong Tyan Home Co.

Modernizing Medicine (2010, Boca Raton, $329M) –  Offers specialty-specific EMR with machine learning technology. Backed by Warburg Pincus, Pentland, Sands Capital Ventures, Summit Partners, Silicon Valley Bank, IBM and Sands Capital Management.

Clinical Operations Management
Imaging Advantage (2007, Santa Monica, $295M , Acq ) – Offers RadAdvisor, a cloud-based decision support platform for radiologists that helps in diagnostic decision support. Backed by Goldman Sachs, Brightwood Capital Advisors, and CRG.

HeartFlow (2007, Redwood City, $227M) – Provides cardiovascular diagnostic support using CT scans and high-performance computing to provide physicians with data about blood flow within the coronary arteries. Backed by Capricorn Investment Group and US Venture Partners.

Administrative Solutions
Awarepoint (2002, San Diego, $90M) – Offers Location-as-a-Service for healthcare organizations to facilitate asset management and tracking. Backed by KPCB, Cardinal Partners, SVB Financial Group, Venrock, Heritage Group, Icon Ventures, Jafco Ventures, Avalon Ventures, Avalon Ventures, Top Tier Capital Partners, New Leaf Ventures.

Phreesia (2005, NYC, $75M) – Provides a patient check-in platform for healthcare providers. Backed by BlueCross BlueShield Venture Partners, Escalate Capital, Ascension Ventures, Ascension Ventures, LLR Partners, Polaris Partners, Sandbox Industries, Long River Ventures, HLM Venture Partners, VantagePoint Capital Partners. 
Evariant (2008, Farmington, $69M) – Provides platform for digital marketing solutions. Backed by Lightspeed Venture Partners, Health Enterprise Partners, Enterprise Partners Venture Capital and Goldman Sachs.

Professional Networks
Doximity (2011, San Mateo, $82M) – Mobile/web networking platform for physicians, medical professionals. Backed by Interwest Partners, Emergence Capital, T. Rowe Price, DFJ Venture, Morgan Stanley and Morgenthaler Private Equity.  

Sermo (2000, New York City, $60M) – Social network for physicians. Backed by Kennet Partners and Deerfield Capital Management

HORIZONTAL
McKesson (1833, San Francisco, IPO) – Provides solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services.

Imprivata (2002, Tennesse, IPO) – Provides secure access and collaboration solutions for enterprises. It strengthens user authentication, streamlines application access and simplifies compliance reporting across multiple computing environments.
MedSolutions (2002, Tennesse, IPO) – Provides Intelligent Cost Management, that encompasses utilization management, capturing savings, reducing treatment costs, and supporting diagnostic accuracy.
Health Catalyst (2000, Utah, $237M) – Provides multiple analytical products, services, and applications like population health management, patient injury prevention, operational efficiency, performance monitoring and financial management for healthcare organizations. Backed by Sequoia Capital, Kp Ventures, Epic Venture Capital, Sorenson Capital.

EMPLOYER
Wellness Platforms
Welltok (2009, Denver, $151M) – Platform which provides personalized incentive based patient engagement services for Population health managers. Backed by Bessemer Venture Partners, Emergence Capital Partners, InterWest Partners, New Enterprise Associates (NEA), Qualcomm Ventures, Miramar Digital Ventures, Okapi Venture Capital, Georgian Partners, EDBI and Flare Capital Partners. 

Castlighthealth (2008, SF, IPO) – Offers healthcare information on providers and pricing for enterprises. Went public in 2014. Went public in 2015.

Benefits Administration
Collective Health (2013, San Mateo, $119M) – Self-insurance SaaS platform for employers to sponsor their employees. Backed by Google Ventures, Rock Health, Redpoint Ventures, Maverick Capital, New Enterprise Associates, Founders Fund and RRE Ventures.

Hodges-Mace (2004, Atlanta, $98M) – Offers benefits communication and enrollment platform to large employers Backed by Stone Point Capital.

Healthcare Services
Crossover Health (2010, Aliso Viejo, $114M) –  Offers on-site or nearby clinics for employers to facilitate employee health consultations. Backed by Gurnet Point Capital, Norwest Venture Partners and FS Investors.

Teladoc (2002, Dallas, IPO) – Provider of telehealth services. Backed by  Silicon Valley Bank, Flag Capital Management, Greenspring Associates, BNY Mellon, Questmark Partners, Cardinal Partners, HLM Venture Partners, KPCB and more.

PAYER
Connecture (1997, Brookfield, IPO) – Web-based health plan distribution platform for healthcare payers. Went public in 2014.

NexgenRx (2003, Toronto, IPO) – Web-based claims adjudication and benefits administration for processing prescription drugs, and dental office claims. Went public in 2006. 
ikaSystems (1999, Southborough, $152.5M, Acq.) – Software suite for health plans that includes claims submission and authorization, member and provider portals, electronic billing and claims adjudication solutions. Backed by Essex Woodlands Health Ventures. Acquired by Blue Cross Blue Shields in 2015.

PHARMACY
Express Scripts (1986, Missouri, IPO) – Offers SaaS platform of pharmacy benefit management solutions for health plans, providers, and patients.

CatamaranRx (1981, Illinois, Acq) – Provides pharmacy benefit management solutions and connect pharmacists, doctors, and caregivers with prescription data to improve health outcomes.
Millennium Pharmacy Systems (2003, Oakbrook, $62M) – Offers Just-In-Time dispensing with e-prescription, administration, documentation, and reporting. Backed by Essex Woodlands, Boulder Ventures, ATEL Capital Group, CHL Medical Partners, Ascension Ventures, and HealthInvest Equity Partners.
Talyst (2012, Washington, $65M) – Pharmacy Management solutions to pharmacies. Backed by OVP Ventures, Align Investments, Ignition Partners.

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 Healthcare Analytics feed.

Tracxn – Analyst Notes (India Practice) # 527

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

INTERESTING STARTUPS

Edvantics (2016, Hyderabad), performance assessment and insights platform. Founders are ex-Microsoft, ADP, Citi, Intel, Pinnacle, iTech, AIG, Merrill Lynch and are alumni of Indian School of Business. Local comparables are Gray Matters (2013, Hyderabad, $718k) and SchoolCom (2012, Bangalore, $106k). Global comparables are Civitas Learning (2011, Austin, $89M) and MasteryConnect (2009, Salt Lake City, $34M)

INDIA INTERESTING NEWS

BankBazaar (2008, Chennai), online loan comparison platform, raises $30M in funding from Experian – UK-based credit rating agency and information management company. Link

Blackbuck (2015, Bangalore), online portal for freight transport booking, raises $7.68M in debt round of funding from InnoVen Capital. Link

Capital Bank (1999, Jalandhar), small finance bank focused on rural areas, raises $4M in funding from SIDBI and other existing investors. Link

Lenden Club (2014, Mumbai), online marketplace for P2P lending, raises $500k in equity round of funding from Venture Catalyst, Anirudh Damani and others. Link

OHM Healthcare (2017, Delhi), home healthcare services provider, raises an undisclosed amount in pre-Series A round of funding from unknown investors. Link

Hasura (2013, Chennai), cloud-based app development platform, raises an undisclosed amount in funding from Nexus Venture Partners and GREE Ventures. Link

GLOBAL ROUNDUP

Magic Leap (2011, Miami), developer of an augmented reality content viewing device, raises $502M in Series D round of funding led by Temasek with participation from EDBI, Grupo Globo, Janus Henderson, Alibaba Group, Fidelity Management and others. Link

BlueVine (2013, Redwood City), online invoice factoring company, raises up to $130M in debt round of funding led by Silicon Valley Bank, SunTrust Bank, Bank Leumi and TriplePoint Venture Growth BDC Corp. Link

Vacasa (2009, Portland), professional rental management and booking platform for vacation rentals, raises $103M in Series B round of funding led by Riverwood Capital with participation from existing investors Level Equity, Assurant Growth Investing and new investor NewSpring. Link

Feedzai (2009, London), provider of fraud prevention software, raises $50M in Series C round of funding from Oak HC/FT, Capital One Growth Ventures, Citi Ventures, Sapphire Ventures and others. Link

Digital Asset (2014, NYC), provider of market level solutions based on blockchain, raises over $40M in Series B round of funding led by Jefferson River Capital. Link

Synopsys
(1986, Mountain View),
provider of EDA Software, acquires Sidense Corporation (2004, Ottawa), developer of one time programmable memory solutions, for an undisclosed amount. Link

 


Tracxn – Healthcare Newsletter # 120 – Consumer HealthTech

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – CONSUMER HEALTHTECH

  • 23andMe, a genetics testing company, has raised $250M in a round led by Sequoia Capital. Link.
  • Color Genomics, a genetics testing company, raised $80M from Charles River Ventures and General Catalyst Partners. Link
  • AbleTo, a digital platform to connect people with licensed therapists and coaches, has raised $37M in a round led by Bain Capital Ventures. Link
  • AgaMatrix, a diabetes management company, has secured a $32M loan to reorganize the company into two distinct entities. Link
  • Talkspace, an online counseling, and therapy provider, has raised $31M in a round led by Qumra Capital. Link
  • DispatchHealth, an On-demand physician visit service provider, has raised $31M in a round led by Alta Partners and Questa Capital. Link
  • Analyte Health, a telehealth platform for sexually transmitted diseases, has raised $27M. Link
  • Shuidihuzhu, a P2P insurance platform, has raised $24M. Link
  • Ieso Digital Health, an online interactive mental health therapy service provider, has raised $24M. Link
  • Stride Health, a health insurance advisor, has raised $23.5M in a round led by F-Prime Capital Partners. Link
  • BioSerenity, a provider of smart wearable solutions focusing on Epilepsy, has raised $18M in a round led by LBO France. Link
  • Yuemei, an online plastic surgery marketplace platform, has raised $12M. Link
  • Univfy, an online platform to predict the probability of success of fertility treatments, has raised $11.5M. Link
  • Antidote, a clinical trial matching platform, has raised $11M in a round led by Merck Global Health Innovation Fund. Link
  • Phil, a prescription management and delivery service provider, has raised $10M in a round led by Crosslink Capital. Link
  • JJKLife, a mobile app offering personal health services, has raised $9M. Link
  • Altibbi, a telemedicine platform and community for doctors, has raised $6.5M. Link
  • CallHealth, provider of Integrated at-home healthcare services, has raised $6M. Link
  • Aifloo, an AI based smart wristband for detecting health deterioration in elder citizens, has raised $6M in a round led by EQT Ventures. Link
  • Prima, developer of  BLOOM fertility device, has raised $5M. Link
  • Lively, a healthcare payments company, has raised $4.2M in funding. Link
  • Lifesense Group, developer of smart wearable solutions for pelvic floor muscle training, has raised $3.5M. Link
  • AskTia, a chatbot for women’s health, has raised $3M. Link
  • Sightbox, subscription-based contact lens provider, was acquired by Johnson & Johnson Vision Care. Link
  • Round Health, provider of smart pill bottle for medication adherence, has been acquired by Alto. Link
  • CareLinx, online caregiver marketplace, has been acquired by Generali Global Assistance. Link
  • MD Home Call, an online platform to book doctors for house call, has been acquired by Home Doctor. Link
  • Diabeto, provider of diabetes monitoring and management solutions, has been acquired by Livongo Health. Link
  • Beddit, the developer of a sleep-tracking device, has been acquired by Apple. Link

SOME INTERESTING STARTUPS FOUND

Clear Genetics (2016, SF) – Chatbot and telemedicine platform to interpret genetic results.
KroniKare (2017, Nobby Beach) – Mobile app for wound imaging, assessment and monitoring.

LEADER BOARD – CONSUMER HEALTH TECH

PERSONAL HEALTH MANAGEMENT
ONLINE INFORMATION SEARCH
Medical Content Providers
WebMD (1996, NYC, Acq.) – Online platform providing health-related information to consumers and healthcare professionals. Went public in 2005.

Healthline (2005, SF, $154M) – Health information portal. Also started providing appointment booking service through the platform by acquiring YourDoctor. Backed by U.S. News, Summit Partners, Comcast Ventures, VantagePoint Capital Partners, Peacock Equity, Kaiser Permanente Ventures, Mitsui, Trinity Capital Investment, Investor Growth Capital, PeakSpan Capital, REV.

Social Platforms
PatientsLikeMe (2004, Cambridge, $127M) – Online community for people with medical conditions. Backed by Omidyar Network, CommerceNet, Invus, Robert Wood Johnson Foundation, Collaborative Seed and, iCarbonX.

PERSONALIZED HEALTHCARE
Sharecare (2010, Atlanta, $300M) –  Online platform for personalized health recommendations including expert resources, guidance, and programs based on the proprietary RealAge test results and other personal health data shared by the user. Backed by   Summit Partners, Wells Fargo, TomorrowVentures, Heritage Group, Claritas Capital, OPRAH, Arsenal Venture Partners, Galen Partners, HCA, HMSA, Wellington Management, Swiss Re, New Evolution Ventures, Sony Pictures Television, and Trinity Health.

Your.MD (2013, London, $17M) – Mobile app which uses AI and Machine Learning technology to give personalized feedback to individuals as they speak or type their query. Backed by Smedvig.   

MONITORING
Meet You (2013, Xiamen, $200.5M) – Social network for women and a menstruation period tracking app. Backed by  SIG China, The Cathay Funds, Matrix Partners China, and K2VC (Xianfeng Evergreen).

Dayima (2012, Beijing, $66M) – App for period tracking and women’s health. It predicts period cycles based on past patterns, offering health tips on avoiding cramps and premenstrual syndromes, and links to an online forum where users can exchange their experiences on parenting, beauty, etc. Backed by Sequoia Capital, ZhenFund, Ceyuan Investment Consulting, By-Health, Haitong International Securities Group, Tisiwi Ventures, and Bertelsmann Asia Investment Fund.
TelCare (2008, Bethesda, $65M, Acq.) – Provides a wireless blood glucose meter with two-way messaging, that transmits to a care management server, along with a suite of iPhone and Android apps. Acquired by BioTelemetry in December 2016.

DIY DIAGNOSTIC SOLUTIONS
Cognoa (2013, Palo Alto, $20M) – Developing an app for developmental disorder assessment for children. Backed by Morningside Venture Capital.

ResApp Health (2014, Perth, $10M, Acq.) – Smartphone-based respiratory diseases diagnosis tools. Acquired by Narhex in July 2015.

THERAPEUTIC SOLUTIONS
Chrono Therapeutics (2004, Waltham, $80M) – Device with programmable passive transdermal drug delivery for smoking cessation. Backed by Canaan Partners, Mayo Clinic, Rock Health, Kaiser Permanente Ventures, Endeavour Vision, 5AM Ventures, Emergent Medical Partners, NCI, Fountain Healthcare Partners, Mission Bay Capital, GE Ventures, Labuan IBFC, Cota Capital, Xeraya Capital, Mayo Clinic Ventures, and Hikma Ventures       

MEDICATION ADHERENCE
Mango Health (2012, SF, $8M) – Mobile app that helps consumers comply with their medication through games. Backed by KPCB, Bullpen capital, First Round Capital, Floodgate, RockHealth, Express Scripts and Baseline Ventures.

PERSONAL HEALTH RECORDS
CareSync (2011, Wesley Chapel, $22M) – The web and mobile application which allows patients to collect their electronic health records from different health care providers. Backed by Merck GHI, Greycroft, HMC, Tullis Health Investors, Clearwell group, and CDH Solutions.

CareZone (2010, SF, $13M) – Personal health information log book. Backed by NEA, and Catamount Ventures.

HEALTHCARE DELIVERY
DOCTORS
Telemedicine
Chunyu Yisheng (2011, Beijing, $244M) – Telemedicine platform for remote doctor consultation. Backed by  BlueRun Ventures, CICC, ICH Group and Bertelsmann Asia Investment Fund.

AmericanWell (2006, Boston, $96M) – Telehealth platform that connects users with doctors over the video feed. Backed by Inventures Alliance Management Company.  

Homecare
Heal (2014, LA, $52M) – Mobile app for on-demand home visits for a family doctor. Backed by  Pritzker Group, Slow Ventures, Armada Investment, Breyer Capital, Slow Ventures, March Capital Partners, Singulariteam, and HashTag One.

Pager (2014, NYC, $34M) – Mobile app for on-demand doctor house call. Backed by NEA, Lux Capital, Abundance Partners, Montage Ventures, Goodwater Capital, Streamlined Ventures, Summation Health Ventures, QueensBridge Venture Partners, and Sound Ventures.

Appointment booking  
We Doctor Group (formerly Guahao) (2010, Hangzhou, $520.5M) – Online platform for appointment booking with doctors and a healthcare information portal. Backed by   Goldman Sachs, Morningside Group, Tencent, Fosun International, Hillhouse Capital, Shandong Tyan Home, Qiming Venture Partners, CDB Capital, Fosun Kinzon Capital, Morningside venture Capital, and F&H Fund Management.
ZocDoc (2007, NYC, $223M) – An online platform which helps users to find a nearby health practitioner and instantly book an appointment online. Also provides scheduling software to providers. Backed by  Khosla Ventures, Atomico, Goldman Sachs, Founders Fund, DST Global, Bezos Expeditions, Vast Ventures, Baillie Gifford, Social Starts, Haystack Partners.

DIAGNOSTICS
Dx Kits
23andMe (2006, Mountain View, $491M) – A human genome research company enabling customers to study their ancestry, genealogy, and inherited traits. Backed by Google Ventures, MPM Capital, NEA, JJDC and Mohr Davidow Ventures.

Marketplace
WellnessFX (2010, SF, $6M, Acq.) – Online marketplace for preventive health diagnostic packages. Acquired by Health Elements in December 2013.

HEALTH INSURANCE
Internet-first Insurance providers
Oscar Health (2012, NYC, $727.5M) –  An internet first health insurance provider that uses digital healthcare solutions to keep its members healthy. Backed by  Fidelity Investments, Khosla Ventures, Goldman Sachs, Founders Fund, General Catalyst Partners, Thrive Capital, Glynn Capital, Lakestar, Western Technology Investment, Red Swan Ventures, Formation 8, CapitalG, Breyer Capital, Wellington Management, Darwin Ventures, The Cambria Group, Lerer Hippeau Ventures, Ping An Ventures, BoxGroup, Nima Capital, 8VC, and Brainchild.

Aggregator
GoHealth Insurance (2001, Chicago, $50M) – Online price comparison and shopping portal for health insurance. Backed by NEP.

Gravie (2013, Minneapolis, $44M) – Online health insurance marketplace for consumers to choose and buy insurance, pay for it and manage all healthcare expenses at one place. Backed by Aberdare ventures, Split Rock Partners,  Brightstone Venture Capital, and Firstmark Capital.

PHARMACY
7LK (2011, Guangzhou, $149M) – Online retailer of non-prescription drugs and health supplements such as pharmaceuticals, medical devices, and medical products. Backed by  JD.Com, Orient Securities, Tuspark Ventures, Nine co-venture, Greenwoods Investments, Grand Yangtze Capital, Govtor Capital, and Share Capital.  

Yiyao  (2010, Guangzhou, $72M) – Online drug store that sells over-the-counter medications, traditional Chinese remedies, and a variety of other health products.Backed by China Equity Group, and Ivy Capital, ClearVue Partners
PillPack (2013, Boston, $94M) – Mobile app-enabled which periodically sends the required medications to the user. Backed by Accel Partners, Sherpa Ventures, CRV, Menlo VC, Atlas Ventures, Slow ventures, Highline VP, QueensBridge VP, Founder Collective, IDEO, and Techstarts.

CAREGIVERS
Caregiver Discovery Platforms
Care.com (2006, Waltham, IPO) – Online marketplace connecting families requiring babysitters and nannies (for children, senior adults or disabled), pet care, housekeeping with caregivers. Went public in 2014.

Honor (2014, SF, $62M) – The web and mobile-based platform that allows users to find and book caregiver for elderly people. Backed by  Andreessen Horowitz, Thrive Capital, True Ventures, Kapor Capital, Rock Health, Homebrew, BAM Ventures, NFX Guild, Syno Capital, and 8VC.
HomeTeam (2013, Manhattan, $43.5M) – An online platform which allows people expert caregiver matching and a care team to promote healthy & active days. Backed by Kaiser Permanente Ventures, Oak HC/FT, Lux Capital, AI Ventures, and Recruit Strategic Partners.

MEDICAL TOURISM FACILITATOR
Medigo (2013, Berlin, $12M) – An online marketplace that facilitates searching, booking and arranging medical travel. Backed by Accel Partners, Atlantic Labs, TA Ventures, and CLI Ventures.

CLINICAL TRIAL ENROLLMENT
Antidote (2008, London, $29M) – Search engine for clinical trials which helps patients to explore, understand and access clinical trials. Backed by Octopus Ventures, Amadeus Capital, and Smedvig Capital.

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 Consumer HealthTech feed.

Tracxn – Energy Newsletter # 145 – Energy Efficiency

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RECENT NOTABLE ACTIVITY – ENERGY EFFICIENCY

  • Nautilus Data Technologies, a data centre provider with an environmentally friendly cooling technology has raised $5M from the Ireland Strategic Investment Fund as a part of it $26M Series C fundraising round. Link
  • Boss Controls, a Smart Plug based Energy Management System provider has raised $120k in a round of funding as per SEC filing. Link
  • Internal combustion engine developer, Achates Power, has raised $29.8M in its Series D funding as per SEC filing. Link
  • Stack Lighting, developer of Smart Bulb for homes has raised $15.8M in its Series A funding as per SEC filing. Link
  • SoundEnergy, a developer of technology for space and process cooling by sound waves, has raised $1.2M, in its Seed round of funding from OostNL and Cottonwood Technology Fund. Link
  • Sympower, a smart energy startup, has raised $1.2M in its Seed round of funding from angel investors and Enfuro Ventures. Link
  • Enertiv, a Load Disaggregation technology provider for Buildings, has raised $3.4M in its Series A funding as per SEC filing. Link
  • Kontrol Energy raised $600k in its first tranche of non-brokered private placement of shares. Link
  • Keen Home, a developer of Connected Smart Vents, has raised $7M in its Series A round through equity crowdfunding. Link

SOME INTERESTING STARTUPS FOUND

Envairo  (2016, New York City, Undisclosed) – Envairo measures room-level occupancy from air sensor data by analyzing heat, CO2 and humidity to optimize HVAC in buildings. It integrates with existing BEMS systems and by adjusting the flow of outside air optimizes climate in rooms, improve air quality, thermal comfort and enable 10-20% total energy savings. Incubated in Urban-X accelerator.

LEADER BOARD – ENERGY EFFICIENCY

Products – Lighting – Material & Component Manufacturers
Bridgelux (2002, Sunnyvale, $219M, Acq.) – LED chip manufacturing company. Backed by El Dorado Ventures, VantagePoint Capital Partners, Craton Equity Partners and Passport Capital. Acquired by China Electronics Corporation in 2015.

Products – Lighting – Finished Products – LED
Lighting Science Group (2004, Melbourne, IPO) – Manufactures different shapes of LED bulbs and invented biologically corrected lighting. Backed by Riverwood Capital and Pegasus Capital. Went public in 2008.

Cree (1987, Durham, IPO) – Manufactures LED components, and semiconductor products for power and radio-frequency (RF) applications. Went Public in 1993.  

Products – Lighting – Finished Products – OLED
Novaled (2003, Dresden, $35M, Acq.) – Provides organic materials and complementary technologies for organic light-emitting diodes (OLEDs) in display and lighting. Acquired by Samsung in 2013.

Products – Thermal Energy – Insulation
Aerogel (2001, Northborough, IPO) – Provides thermal management and energy conservation insulation solutions. Backed by Mount Royal Ventures, Arcapita Ventures, Lehman Brothers, RockPort Capital Partners, Reservoir Capital Group, Tenaya Capital.

Products – Thermal Energy – HVACR – Heating
System Heat (2012, Moscow, $500k) – Energy efficient radiators which help in reducing energy consumption and increasing savings. Backed by Genezis Capital.  

Products – Thermal Energy – HVACR – Cooling
TAS Energy (1999, Houston, $60M) – TAS Energy manufactures energy efficient chilling and cooling systems. Backed by KPCB and Element Partners.

Products – Construction – Pre-Fabricated
View Dynamic Glass (2007, Milpitas, $646M) – Smartglass on which tint level can be modified by the user using smartphone to admit only light and reject glare. Backed by Khosla Ventures, DBL Investors, Sigma Partners, Navitas Capital, The Westly Group.

Energy Management Systems – BEMS
GridPoint (2003, Arlington, $294M, Acq.) – Energy management systems using big data analytics to monitor and manage energy-consuming assets, such as HVAC and lighting systems. Backed by Goldman Sachs, Skypoint Capital, Advantage Capital Partners, Craton Equity Partners. Acquired by TFC Utilities in 2015.

Distech Controls (1995, Brossard, $37M, Acq.) – Building energy management system that provides integration of HVAC, lighting, access control, CCTV, energy management, and other building systems. Backed by Export Development Canada, Enertech Capital. Acquired by Acuity Brands in 2015.

Energy Management Systems – IEMS
Energy and Power Solutions (2001, Costa Mesa, $50M, Acq.) – Energy Management System with real-time information collected at the equipment level, across a customer’s entire enterprise. Backed by NGEN, Robeco, Altira Group. Acquired by Ameresco in 2011.

Energy Management Systems – HEMS
There Corporation (2009, Helsinki, $5.8M) – Home energy management system. Offer smart boiler control,     dual fuel control for air and gas heated houses, comfort control. Backed by VNT Management.

Device Level Management Systems – HVAC Management – Residential – Thermostats
Nest Labs (2010, Palo Alto, $80M, Acq.) – Provides thermostats for monitoring home energy consumption. Backed by KPCB, Google Ventures, Lightspeed Venture Partners and Shasta Ventures. Acquired by Google in 2014.

Tado (2011, Munich, $57M) – Smart AC management devices for homes. Backed by Target Partners, Shortcut Ventures, BayBG, Siemens.

Device Level Management Systems – HVAC Management – Commercial
Optimum Energy (2005, Seattle, $36M) – Provides data-driven cooling and heating optimization solutions for enterprise facilities.Backed by Columbia Pacific Advisors.

Device Level Management Systems – Lighting Control Systems – BLCS
Enlighted (2009, Sunnyvale, $83M) – Provides network platform with wireless sensor to collect and analyze data to intelligently adapt the lighting level. Backed by Intel Capital, KPCB, RockPort Capital Partners.

Device Level Management Systems – Lighting Control Systems – SLCS
Sensity Systems (2010, Sunnyvale, $74M, Acq.) – Offers a high-speed, sensor-based, open networking platform to connect lighting systems for improving the experience. Backed by Mohr Davidow Ventures, Cisco Investments, Acuity Brands and Simon Venture Group. Acquired by Verizon in Sep, 2016.

Device Level Management Systems – Power Management Systems – Data Center Management
SynapSense (2006, Folsom, $46M, Acq.) – Wireless cooling and data center asset monitoring solution. Backed by  Sequoia Capital, Crosslink Capital, Frontier Venture Capital, Aeris Capital, Nth Power, Robert Bosch Venture Capital and American River Ventures. Acquired by Panduit in 2014.

Energy Monitoring Systems – Residential & Commercial
Encored (2013, Seoul, $17M) – Energy tracking through app using disaggregation technologies. Backed by  Formation 8, Stonebridge, LG U Plus.

Energy Monitoring Systems – Residential
Bidgely (2010, Sunnyvale, $25M) – Home energy management up to appliance level without using any plug-level monitors. Backed by Khosla Ventures, Plug and Play Tech Center, E.on, RWE Global and  Constellation Technology Ventures.

Sense (2013, Cambridge, $19M) – Device to monitor appliances and track energy usages using electronic signatures. Backed by  Charles River Ventures, Capricorn, Bolt, Shell Global, Prelude Ventures and Energy Impact Partners.

Energy Monitoring Systems – Commercial & Industrial
Verdigris (2011, Moffett Field, $15.7M) – Energy analytics for better management of facilities using disaggregation techniques. Backed by Data Collective, Founder, Jabil, Verizon Ventures, StartX.

Service Providers –  As-a-Service Providers
UrbanVolt (2014, Dublin, $33M) – Lighting as a Service to install and maintain LED lights without any upfront cost. Backed by SUSI Partners.

Service Providers – Finance Providers
Ygrene Energy Fund (2009. Santa Rosa, $185M) – Offers clean energy financing solutions for residential and commercial properties. Backed by Lightyear Capital, New Energy Capital, Virgo Investment Group.

Service Providers – Project Management
Thermondo (2012, Berlin, $32M) – Energy efficient residential heating system installer. Backed by Holtzbrinck Ventures, E.on, IBB, Global Founders Capital, Rocket Internet.

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 Energy Efficiency feed.

Tracxn Analyst Notes (China Practice Weekly) # 105

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A weekly newsletter summarizing recent activity in the Chinese startup ecosystem.

DEALS OF THE WEEK

Orient Hontai to buy majority stake in Spain’s Imagina for $1b
Orient Hontai has agreed to buy a majority stake in Imagina, a Spanish sports rights group, for $1B. It has the rights to distribute the La Liga football championship.

INTERESTING FUNDRAISING ACTIVITY IN CHINA

Hillhouse Leads $45M Round In Chinese Fitness Start-up Lefit
Lefit (2015, Hangzhou), a fitness start-up gym operator, raises $45M in a series C round of funding led by Hillhouse Capital with participation from IDG Capital and Huasheng Capital.

Alibaba, Beyond Ventures lead $40m funding round in genetic testing startup Prenetics
Prenetics (2009, Hong Kong), a genetic testing startup, raises $40M in a funding round led by Beyond Ventures and the Alibaba Hong Kong Entrepreneurs Fund with participation from Yuantai Investment Partners, mFund, eGarden Ventures, Ping An Ventures, Lippo Group-backed Ventura Capital and REAPRA.

Knowbox raised $30M Series B funding
KnowBox (2014, Beijing), an online education platform which connects students and teachers, raises $30M in series B round of funding led by Bertelsmann Asia Investments with participation from TAL Education Group, Baidu Ventures, and New World Development.

Matrix Co-Leads $18M Round In Chinese Office Appliance Leasing Platform Edianzu
Edianzu (2015, Beijing), an office appliances leasing platform, raises $18M in series B round of funding led by Matrix Partners China, Aplus Capital, Shunwei Capital and Lakala.


Horizons Ventures leads $7m Series A in MioTech
MioTech ( , Shanghai), an investment management platform that empowers investment managers to better serve their clients in a world of complex data, raises $7M in series A round of funding led by Horizons Ventures and joined by ZhenFund and investors in Hong Kong and China.

Chinese Autonomous Driving Tech Firm Motovis Raises Series A Round
Motovis (2015, Beijing), an autonomous driving technology firm, raises an undisclosed amount in series A round of funding led by Lanting Capital with participation from Keystone Ventures.

Yunqi Leads New Funding Round In Piano Playing Training Hardware Melomemo
Melomemo (2014, Beijing), an intelligent music learning wearable for learning piano, raises an undisclosed amount in series A round of funding led by Yunqi Partners with participation from Lanxiang Capital.

Cathay Capital Fund Leads Series B2 Round In Chinese Autonomous Driving Tech Firm Momenta
Momenta (2016, Beijing), an unmanned vehicle driving technology developer, raises an undisclosed amount in series B2 round of funding led by Cathay Capital Private Equity with participation from GGV Capital.

Overseas Investments and Acquisitions by Chinese Companies

China’s Alibaba Joins $502M Round In US Augmented Reality Start-Up Magic Leap
Magic Leap (2011, Miami), an augmented reality start-up, raises $502M in series D round of funding led by Temasek Holdings with participation from Alibaba Group Holdings, EDBI, Brazilian mass media group Grupo Globo, Janus Henderson Investors, Fidelity Management and Research., Google, J.P. Morgan Investment Management, and T. Rowe Price.

LimeBike raises $50 million to expand dockless bike-sharing
Limebike (2017, San Mateo), a smart bike-rental service provider, raises $50M in series B round of funding led by Coatue Management with participation from GGV Capital, Franklin Templeton Investments, Section 32, AME Cloud, Start-X, Andreessen Horowitz and DCM Ventures.

HK-based Affinity buys Burger King Japan from South Korea’s Lotte
Hong Kong-based Affinity Equity Partners has bought Burger King’s Japan operations from South Korea’s Lotte Group for an undisclosed sum.

Tracxn – Analyst Notes (India Practice) # 528

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

INTERESTING STARTUPS

Sheromes (2017, Gurgaon), big data solutions provider to population health and healthcare systems. Founders are ex-Bain & Company, Helion Advisors and are alumni of IIIT-Hyderabad, London School of Business. Local comparable is Health Vectors (2011, Bangalore). Global comparables are Forward Health Group (2009, Madison, $10.5M) and Vitreos Health (2009, Plano, $5M)

INDIA INTERESTING NEWS

Altigreen Propulsion Labs (2012, Bangalore), provider of technology enabled solutions for electric and hybrid powertrains, raises an undisclosed amount in bridge round of funding from an institutional investor. Link

Myntra Jabong India (2007, Bangalore), Myntra’s B2B retail arm, raises $7.7M in loan amount from Kotak Mahindra Bank. Link

CL Educate (1996, Delhi), K-12 education, vocational training, and test preparation provider, to acquire ICE GATE Educational Institute (2014, Ahmedabad), coaching institute to prepare for competitive examinations, for an undisclosed amount. Link

Flipkart (2007, Bangalore), online horizontal marketplace, to relaunch its loyalty programme ‘Flipkart First’. Link

Vedanta’s founder Anil Agarwal plans to set up $1B venture capital fund to help young Indian entrepreneurs build their businesses. Link

GLOBAL ROUNDUP

Lightspeed POS (2005, Montreal), SaaS based retail management software and eCommerce platform, raises $166M in Series D round of funding led by Caisse de dépôt et placement du Québec, with participation from Investissement Québec, iNovia Capital and a credit line from Silicon Valley Bank. Link

Finova Financial (2015, SF), direct lender for car title loans, raises $102.5M in equity and credit round of funding led by CoVenture with participation from existing investors. Link

Forty Seven (2015, Palo Alto), developer of humanized monoclonal antibody to treat cancer, raises $75M Series B round of funding led by new investor Wellington Management Company LLP with participation from existing investors Clarus, Lightspeed Venture Partners, Sutter Hill Ventures, and GV . Link

Duo Security
(2010, Ann Arbor), provider of two factor authentication based identity and access management solutions to businesses, raises $70M in Series D round of funding led by Meritech Capital and Lead Edge Capital, with participation from strategic investor Workday, new investors Geodesic Capital and Index Ventures, as well as existing investors Redpoint Ventures and True Ventures. Link

GuiaBolso (2012, Sao Paulo), online personal finance management application platform, raises $39M in funding led by Vostok Emerging Finance with participation from Ribbit Capital, IFC, and QED Investors, as well as Endeavor Catalyst and Omidyar Network. Link

 

Tracxn – Analyst Notes # 1231 – Mobile DevTools

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RECENT NOTABLE ACTIVITY – MOBILE DEVTOOLS

  • InVision, a provider of the product design platform introduced Studio, a powerful new tool that will change the way screen design is done. Link
  • Mendiz, a provider of platform to create and continuously improve mobile and web applications has been ranked by Forrester Research as a Leader in “Low-Code Development Platforms for AD&D Pros”. Link
  • Capriza, a provider of enterprise mobility for business applications has been named a winner in the category of most effective technology deployment to increase service levels for the Field Service 2017 Technology Awards. Link

SOME INTERESTING STARTUPS FOUND

Protobject (2016) – A platform for creating prototypes for smart technology based products.

LEADER BOARD – MOBILE DEVTOOLS

FullStack
Appcelerator (2006, Mountain View, $97M, Acq.) – SaaS platform for enterprises to create, deliver and analyse their entire mobile application portfolio. Backed by Rembrandt VC, UGVP, Storm Ventures, Sierra Ventures, Mayfield Fund, Translink Capital, Relay Ventures, EDB Investments, Accel Partners, eBay, Redhat. Acquired by Axway in 2016.

Xamarin (2011, SF, $82M, Acq.) – Enables developers to build and test native apps for iOS, android, Mac and Windows using a single C# code base. Backed by Lead Edge Capital, IVP, Charles River Ventures, Ignition Partners and Floodgate. Acquired by Microsoft in 2016.

mBaaS (Mobile Backend as a Service)
Kinvey (2010, Boston, $18M) – Backend as a service for developers and enterprises to setup and operate a cloud back-end for mobile, tablet and web apps. Backed by Verizon Ventures, NTT Docomo Ventures, Avalon Ventures, Atlas Ventures.

Modo Labs (2010, Cambridge, $14M) – Provider of Mobile solutions for enterprises, universities, and hospitals. Backed by Education Growth Partners, Storm Ventures, New Magellan.

Framework
BungeeLabs (2002, Orem, $23.5M) – Provider of Bungee Connect, a web-based Ajax environment for creating interactive web applications. Backed by North Bridge, Venrock, EPIC Venture Fund.
IonicFramework (2012, Madison, $12.2M) – Open-source front-end mobile app framework that helps build hybrid apps using HTML5 and AngularJS. Part of Ionic (2012, Madison, $12.2M).

MADP (Mobile Application Development Platform)
Capriza (2010, Hod Hasharon, $73.5M) – Capriza provides a platform to convert existing web applications intomobile optimized version without coding or integrations. Backed by Andreessen Horowitz, CRV, Tenaya Capital, Harmony Partners, Allen & Company.
Mendix (2005, Boston, $38M) – Proivdes a cloud-based platform allows users to build, integrate and deploy web and mobile applications. Backed by Battery Ventures, Prime Ventures, henQ.

App Prototyping
Invision apps (2012, NY, $135M) – Platform to allow developers to create fully interactive prototypes of web and mobile applications. Backed by Accel Partners, FirstMark Capital, Tiger Global Management, Iconiq Capital.
iRise(1997, El Segundo, $36M) – Drag and drop platform to create app prototypes. Backed by Morgan Stanley, Gold Hill Capital, Silicon Valley Bank, Deutsche Bank.

DIY Frontend
Appmachine (2011, Heerenveen, $15M, Acq.) – Platform to build native apps for iPhone and Android using content from existing websites and templates. Backed by Endurance International Group. Acquired by Endurance in 2016.

AppSpotr (2006, Gothenburg, $7M) – A DIY application creation platform. Backed by Almi, GU Ventures. 

Testing
Applause (2007, Framingham, $116M, Acq) – Provides in-the-wild testing services that span the entire software development life cycle. Backed by Goldman Sachs, QuestMark Partners, Scale VP, Longworth VP, Egan-Managed Capital and Mesco Ltd.

Perfecto Mobile (2006, Rosh Haayin, $83M) – Provides a cloud based testing and monitoring solution for mobile applications using real devices. Backed by TCV, FTV Capital, Carmel Ventures, Globespan Capital Partners, Vertex Ventures.
Soasta (2006, Mountain View, $78M, Acq.) – Builds software products for testing and monitoring web sites and mobile apps in the cloud. Backed by Canaan Partners, Formative Ventures, Pelion VP, Macquarie Capital and ROTH Capital. Acquired by Akamai in 2017.

Crash Reporting
Bugsnag (2012, SF, $9M) – Cloud based crash detection platform for web and mobile application. Backed by Matrix Partners and Benchmark Capital.

Backtrace (2014, NY, $6M) – Provides an error debugging platform. Backed by Rally Ventures, Amplify Partners, Work-Bench, Tribeca Venture Partners, Grand Central Tech, 60East Technologies, Khaled Bichara, Wez Furlong.

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 Mobile DevTools feed.

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