Posts By Annie Baker

HoneyBook raises $22 million

HoneyBook Logo
HoneyBook is a service that empowers top event professionals to become more connected and productive with clients and vendors. HoneyBook’s collaborative platform lets you tap into the power of your network to receive new business and easily work with everyone involved to organize a single event. HoneyBook has raised $22 million in Series B led by Norwest Venture Partners with participation from Aleph and Hillsven. More details below:

Press Release

HoneyBook Raises $22M to Fuel Growth as the Trusted Network for Event Professionals

Series B funding round led by Norwest Venture Partners will accelerate US expansion

SAN FRANCISCO, March 5th, 2015: HoneyBook, the invite-only service empowering top event professionals, today announced it has closed $22M in a Series B round of funding led by Norwest Venture Partners, with participation from Aleph and Hillsven. With a total $32M invested to date, this funding will help HoneyBook scale its collaborative platform and make it available to even more event professionals in every major US city.

HoneyBook offers a collaborative platform that streamlines all of the elements and processes of event planning—from booking and collecting payments to collaboration—through an elegant, intuitive interface. HoneyBook has quickly become the most trusted tool for top event professionals to run their businesses and connect with their networks. In the last six months, the company has seen 10x growth, primarily from satisfied customers inviting their vendor networks to transact and do business together on the platform.

“An event professional’s purpose is to create unforgettable moments for their clients. When an event comes together, every element—from the space to the sound to the visuals—works together in harmony to create the perfect experience,” said Oz Alon, CEO, HoneyBook. Unfortunately, the processes and tools used to plan these events are too often disconnected. At HoneyBook, we believe that this process should be as fluid as the event itself. We’re here to change that by enabling event pros to collaborate effortlessly with their networks, speak the same language with each other, and deliver those “wow” moments from the very first interaction with a client.”

Until recently, HoneyBook’s services have been available only by invitation in the San Francisco Bay Area, following a people-first approach which has built a community based upon trust and shared social interactions. With the Series B funding, HoneyBook will launch similar communities in Los Angeles and New York, and will accelerate its city-by-city rollout to every major hub in the US within the next 12 months. HoneyBook will also continue to focus on unrivaled customer service, building infrastructure, and engineering horsepower to support rapid growth.

“HoneyBook is part of a new breed of services that connects markets and people, around multiple transactions, creating new business opportunities that would have otherwise not existed,” said Jeff Crowe, Managing Partner, Norwest Venture Partners. “With an estimated market size of hundreds of billions, the events industry presents a ripe opportunity. HoneyBook has created a unique and very compelling ecosystem, with the right talent and proper positioning to take full advantage of it.”

The events industry, worth an estimated market size of $350B1, has traditionally been driven by paper and disparate communication systems. In a short amount of time, HoneyBook freed event professionals from the hassles of paperwork, checks, and redundant email, by providing a better, proven method for transacting payments, contract signatures and proposals. Beyond streamlining administrative processes, event vendors are also winning more business on HoneyBook by building their networks and collaborating with other professionals. With HoneyBook, event pros can focus on the creative work they love while enjoying better success with their clients and vendors.

Previous investors included Aleph, UpWest Labs, Hillsven, Ev Williams, James Currier and Stan Chudnovsky of Ooga Labs, Naval Ravikant of AngelList, Ben Ling of Khosla Ventures, Michael Birch of Bebo, and Ben Narasin.

About HoneyBook:

HoneyBook was founded in 2013 and is headquartered in San Francisco. HoneyBook is an invite-only service that empowers top event professionals to be more connected, productive, and successful with their clients and vendors. Our collaborative platform allows you to tap into the power of your network to win new business and easily work with everyone involved in organizing a single event. Whether you’re the planner in charge of a 300-guest event, a photographer leading a high-profile fashion shoot, or the host of your company’s holiday party, HoneyBook organizes your jobs seamlessly in one place—from proposals, to payments and design briefs—so you can focus on what matters most: creating unforgettable moments. Visit www.honeybook.com to request an invite.

Tricida raises $30 million in Series B funding

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Tricida is a biopharmaceutical company that focuses on treating renal disease. Tricida has raised $30 million in Series B funding. OrbiMed led this round of funding. Sibling Capital Ventures and Limulus Venture Partners also participated in this round. More details below:

PRESS RELEASE

SOUTH SAN FRANCISCO, Calif.–(BUSINESS WIRE)–Tricida, Inc., a privately-held biopharmaceutical company focused on the discovery and development of first-in-class chronic therapies addressing complications of renal disease, announced today the closing of a $30M Series B financing. The financing was led by existing investor OrbiMed, with participation by Sibling Capital Ventures and Limulus Venture Partners.

Tricida’s clinical lead candidate, TRC101, is on track for an IND submission later this year. “I am excited by our rapid progress that has allowed us to advance TRC101 from discovery into development in record time,” said Dr. Gerrit Klaerner, Ph.D., Tricida’s CEO, President, and Board Member.

Dr. David Bonita, Tricida’s interim Chairman and Private Equity Partner at OrbiMed, stated, “Tricida’s experienced team has demonstrated yet again the ability to identify a clinical candidate that holds great potential in addressing a significant unmet medical need in chronic kidney disease.”

About Tricida, Inc. Tricida, Inc., is a pre-clinical-stage biopharmaceutical company focused on the discovery and development of first-in-class therapeutics. Tricida’s lead program is TRC101, a chronic treatment for complications of renal disease. More information is available at www.tricida.com.

Tricida Team: Gerrit Klaerner, Ph.D. (CEO, President and Board Member) and Jerry Buysse, Ph.D. (Chief Scientific Officer and Senior Vice President). On the Tricida Board are David Bonita, M.D. (interim Chairman, OrbiMed), Sandra Coufal, M.D. (Sibling Capital), Robert Alpern, M.D. (independent; Dean and Ensign Professor, Yale School of Medicine), and Klaus Veitinger, M.D., Ph.D. (independent).

For more information about Tricida’s investors, please see the following websites:

OrbiMed:

www.orbimed.com

Sibling Capital Ventures: www.siblingcapital.com

Truven Health Analytics is preparing to go public

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Truven Health Analytics, a company that provides data to hospitals, doctors, and companies, plans to go public. Based in Ann Arbor, Michigan, Truven will likely be valued at over $3 billion, including debt. Private equity firm Veritas Capital Fund Management LLC acquired Truven from Thomson Reuters for $1.25 billion in 2012. Truven offers healthcare data and analytics solutions to federal and state government agencies, health plans, hospitals, pharmaceutical companies, etc. The data used by Truven is used for determining potential cost savings and to fight fraud. Truven reported net revenues of $349.9 million and adjusted earnings before EBITDA of $94.7 million in the nine months to the end of September, according to Reuters.

Getable raises $5 million in Series A

Getable Logo
Getable is an app for ordering and tracking construction equipment. Getable has raised $5 million in Series A funding. This round of funding was led by The Social+Capital Partnership. More details below:

PRESS RELEASE

San Francisco, CA ­­ February 25, 2015

Getable, the leading app for ordering and tracking construction equipment, announced today that it has raised five million dollars to expand its services nationwide. The Series A financing was led by The Social+Capital Partnership, a leading Silicon Valley venture capital firm that joined the company’s board of directors. The funding round also welcomed industry participation from individuals at Ghilotti Brothers, Inc., Pacific Structures, Zachary Construction, DPR Construction, and an investment from Darren Bechtel, a member of the Bechtel engineering and construction family and Managing Director of Brick & Mortar Ventures. Getable was honored as the first official investment for Brick & Mortar Ventures, a new fund investing in “technology for the built world” with construction as one of its core areas of focus.

“Mobile technologies are rapidly transforming old guard industries,” explains Darren Bechtel, Founder of Brick & Mortar Ventures. “Yet construction, which employs the single largest mobile workforce, has received relatively little attention and benefit from such technologies.

Getable is leveraging mobile technology to bring efficiency and cost savings to construction teams by designing and delivering a beautifully intuitive software solution to better order, track, and manage heavy equipment ­­ one of the top three costs on a job site. I’m thrilled to be involved as we scale this solution to be a de facto app for job sites globally.”

Along with its new financing, Getable announced that it is rolling out its services nationwide. Now, any contractor in the United States can download Getable’s free application to order, track and manage any piece of equipment from any supplier in the field – regardless of whether the equipment was originally ordered through Getable. This includes tracking company owned fleet which the American Rental Association estimates is approximately 50% of the equipment used on job sites. This update allows contractors to account for all the assets on a project to get a more accurate picture of running cost, equipment status, activity history, and location across job site inventory.

“Getable has become the go­to app for contractors to order equipment rentals, but this represents just a fraction of the total equipment physically on the job site,” shares Tim Hyer, CEO at Getable. “We want to be indispensable when it comes to any type of construction equipment ­­ whether that equipment is sourced by Getable, or not. We’re thrilled to roll outthe ability to log any equipment type, including company owned fleet, to contractors throughout the United States.”

The new version, released today, introduces new features that give contractors greater control over equipment decisions. Contractors can now use Getable to order directly from the suppliers they know and trust, down to the individual sales rep who can setup a user profile in Getable. This allows contractors to take advantage of existing relationships, negotiated pricing, and volume based incentives. In turn, suppliers can more efficiently connect with their existing customers, spending less time on the phone and more time growing their business.

“Relationships matter in construction,” explains Hyer. “Since job sites expect timely equipment deliveries, repairs and pick­ups, contractors depend heavily on the relationships they have with their supply partners. Getable now supports the contractor and supplier connections that exist in the offline world. If a contractor wants to order equipment from his favorite supplier rep, he can now find that rep and track the business he does with that rep, using Getable. If a contractor doesn’t have an existing relationship, or doesn’t have a preference for where a piece of equipment is sourced, he can always leverage Getable’s Supplier Network to place the order. We now support both experiences in one app.”

Today’s product upgrades, combined with the financing, help solidify Getable’s position as the industry ­leading technology solution for construction equipment. The app has been developed with some of the largest national and regional civil, commercial and specialty contractors. Hyer expects strong growth with access to more resources and the guidance of its new board member, Ted Maidenberg, General Partner at The Social+Capital Partnership.

“We get excited when we see best­in­class, consumerized software being built for massive verticals like construction. In our research, general contractors raved about Getable and came to rely on it as their ‘mission control’ dashboard to manage their equipment ­­ from the initial order to asset tracking to billing,” shares Maidenberg. “We are eager to help the team grow contractor mindshare to become the go­to construction equipment management tool.”

About Getable Getable launched in 2010 to connect people with their favorite products on­demand, from trusted rental establishments. Getable serves the $41B construction rental market with mobile tools designed for construction professionals and rental equipment providers. With offices in San Francisco, California, Getable is a private company that is funded by prominent Silicon Valley investors. To learn more about how to use Getable for all of your equipment rental needs, please visit http://www.getable.com

Metamarkets raises $15 million

Metamarkets Logo

Metamarkets is a real-time analytics pioneer that has raised $15 million in funding led by Data Collective. Khosla Ventures, IA Ventures, True Ventures and Village Ventures also participated in this round. More details below:

PRESS RELEASE

SAN FRANCISCO, CA–(Marketwired – Feb 24, 2015) – Real-time analytics pioneer Metamarkets today announced that it has raised an additional $15 million in funding, led by Data Collective. They are joined by media entrepreneur John Battelle and City National Bank as well as existing investors Khosla Ventures, IA Ventures, True Ventures and Village Ventures.

Metamarkets’ award-winning platform combines several real-time technologies — stream processing, a time-series database and interactive visualization — into a unified SaaS solution built for the unique volume and velocity of its clients’ data in the $20B programmatic media markets.

Metamarkets’ product makes it easy to access up-to-the-second data, set alerts on trends, and securely share live dashboards to internal colleagues and external partners. This self-service approach speeds decision-making, reduces the burden of reporting requests on analysts, and frees up engineering resources.

“Every day, thousands of users turn to Metamarkets’ dashboards for granular insights into tens of billions of ad transactions,” said Mike Driscoll, CEO and Co-Founder of Metamarkets. “Our clients are the pioneers of these new digital markets, whose daily trading volumes dwarf those of Wall Street. We’re proud to deliver an analytics solution that can keep pace with their speed and scale.”

The fundraising comes after a period of strong, sustained growth for the company. Metamarkets recently reported that it has doubled its client base and revenues year-over-year, and that it counts LinkedIn, Financial Times, Twitter and Yahoo among its dozens of clients.

Metamarkets’ record of technical innovation has earned it the confidence of Silicon Valley’s top technology investors, a growing following among open-source software developers, and the trust of leading industry players in mobile and native programmatic advertising. The company developed Druid, an emerging standard in the world of time-series databases, and created Facet, its user interface for interactive visualization of high-dimensional data.

“Through a series of innovations in stream processing, distributed databases, and data visualization, Metamarkets has developed a solution for the high-frequency media markets of today, with the promise of addressing emerging digital markets of tomorrow,” said Matt Ocko, Co-Managing Partner and Co-Founder of Data Collective. “We’re excited to support the Metamarkets team as it continues to innovate and grow.”

About Metamarkets

Metamarkets provides an end-to-end analytics solution for leading innovators in digital media and programmatic marketing, including News Corp, Twitter, and LinkedIn. Its SaaS platform empowers teams with real-time analytics to maximize performance, identify new opportunities as they happen, and drive engagement with clients and partners. With offices in San Francisco and New York, Metamarkets is backed by Data Collective, Khosla Ventures, Village Ventures, IA Ventures, and True Ventures. For more information, please visit www.metamarkets.com.

SkyGiraffe raises $3 million in Series A

SkyGiraffe logo

SkyGiraffe is a leader in enterprise mobility that has announced it has raised $3 million in Series A funding led by Trilogy Equity Partners with participation from existing investor 500 Startups. The funding will be used to invest in sales and marketing along with U.S. operation expansions. More details below:

PRESS RELEASE

MENLO PARK, California, February 18, 2015 /PRNewswire/ –SkyGiraffe, the leader in enterprise mobility, today announced the closing of $3 million in Series A funding. The round was led by Trilogy Equity Partners with participation from existing investor 500 Startups. The new funding will enable SkyGiraffe to invest in sales and marketing, expand its US operations and accelerate its product roadmap.

IDC predicts that “IT organizations will dedicate at least 25% of their software budget to enterprise mobile application development, deployment and management by 2017? and that “45% of mobile enterprise app initiatives to be delayed or go over budget in 2015.”

SkyGiraffe solves the two most critical challenges of enterprise mobility – speed and scale. SkyGiraffe enables immediate deployment of unlimited enterprise-grade read and write mobile applications, for virtually any business function to any device. The full-stack solution securely integrates with a company’s back-end systems, and presents a unique technological innovation that completely disrupts the traditional path to enterprise mobility.

“Enterprise employees have benefited from the tremendous boost in their personal productivity ushered by smart phone and web services. When it comes to the work side, most employees have access only to corporate email on their mobile device – whereas they need access to many other internal applications. SkyGiraffe enables enterprises to deploy unlimited mobile apps in hours rather than months,” said Yuval Neeman of Trilogy Equity Partners.

Parker Thompson, Partner at 500 Startups said, “Building a mobile app typically takes 6-12 months. SkyGiraffe brings enterprise mobility the 10x solution everyone is looking for. We invested in SkyGiraffe because their technology solves the real problem of enterprise mobility – linking mobile to underlying systems. Everything else gives marginal added value – whereas SkyGiraffe is a paradigm shift.”

“Mobility is a critical success factor for today’s enterprises. 60% have built 3 or less custom apps. CIOs need to find a solution that delivers scale and speed without sacrificing security,” said Boaz Hecht, Co-Founder and CEO of SkyGiraffe. “Closing our Series A allows us to grow and meet the increasing demand we are experiencing.”

About SkyGiraffe

SkyGiraffe is the pioneer and leader in a new and exploding category: code-free custom mobile apps. Through an enterprise grade, full-stack platform, the company empowers businesses to immediately create fully custom and secure mobile business apps.

The company was recognized as a “disruptive start-up in enterprise cloud computing,” by The Washington Post, and named Most Innovative Mobility Solution at the Enterprise Mobility Forum.

SkyGiraffe has raised a total of $4.5m from Trilogy Equity Partners, Microsoft Ventures, 500 Startups and enterprise software veterans.

The company is based in Menlo Park, CA with R&D in Israel.

http://www.skygiraffe.com/

About Trilogy Equity Partners

Established by a team of wireless and technology entrepreneurs, Trilogy Partnership invests private capital in areas where in-house expertise and market growth promise superior financial returns.

Current businesses include investments in multiple early stage application and infrastructure companies as well as operating wireless carriers in several countries. Trilogy seeks high growth opportunities in both developed and emerging countries.

Q4 Web Systems raises $5 million

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Based in Toronto, Q4 Web Systems has announced that it has raised $5 million in a round led by Plaza Ventures. Other investors that participated in this round include Atlas Venture and Silicon Valley Bank. Q4 Web Systems is a leading provider of SaaS based investor relations solutions.

PRESS RELEASE

Toronto, Ontario (PRWEB) February 24, 2015

Q4 Web Systems (Q4), the leading provider of SaaS-based investor relations solutions for public companies, announced that it has secured $5 million in new financing led by Plaza Ventures, supported by Atlas Venture and financing from Silicon Valley Bank. Q4 will use these funds towards expanding product, engineering and sales teams.

Q4 is a SaaS-based financial content and data analytics platform for delivering investor websites, mobile applications and intelligence to CFOs and the investor relations departments of public companies. With triple digit growth fueled by customers including almost 20% of the S&P 500, Q4 is redefining how public companies interact with capital markets.

Plaza Ventures invests in high-growth technology companies that look for value-added capital, and this will positively impact Q4 as the company quickly progresses and places itself at the forefront of competition. “We are excited about the tremendous momentum Q4 is demonstrating and believe that, with this investment, we can help Q4’s strong management team to accelerate the company’s growth” said Matthew Leibowitz, Partner, Plaza Ventures and new board member of Q4.

Silicon Valley Bank provides targeted financial services and expertise through its offices in innovation centers around the world. “We are pleased to work with Q4, and other innovative companies around the world,” said Tony Barkett, director of Silicon Valley Bank in Boston. “Our objective is to help the Q4 team move its business forward quickly with the right financing, connections and global services it needs as the company grows.”

“Our fantastic team of innovative and creative talent are the key to our ability to design and launch a series of successful web and mobile products, allowing us to expand our platform to also provide webcasting and market intelligence solutions” said Darrell Heaps Q4 founder and CEO. “It’s an exciting time for Q4 and this funding will help us scale our product design and engineering teams and continue to build a great company for the long-term.”

Q4 added 46 new hires in North America over the past year and has recently doubled its office space to an 8,000 square foot, brick and beam open-concept layout designed to foster collaboration and teamwork. Headquartered in Toronto’s trendy Liberty Village the office is easily accessible by highway and public transportation. With flexible hours, a flat structure, Friday socials, access to free Yoga and the free use of the Fitness Centre, Q4 is attracting new talent to meet the expanding number of its clients and to continue building new solutions.

About Q4 Web Systems

Q4 Web Systems is the leading provider of SaaS-based investor relations’ solutions for North American public companies. Focused on the best customer experience in industry, hundreds of Fortune 1000 brands including Nike, Salesforce, FedEx and McDonald’s use Q4 delivered websites, mobile applications and market intelligence solutions to redefine how they interact with capital markets. Website: http://q4websystems.com/

About Plaza Ventures

Plaza Ventures’ unique Investment Partner Program blends corporate, institutional and angel capital to fund high-growth Canadian companies and provide mentorship, connections and assistance in achieving liquidity outcomes. Plaza has invested as LP’s in early stage funds and accelerators across Canada and has completed follow-on investments in graduates from these programs. Website: http://plazaventures.ca/

About Atlas Venture

Atlas Venture is a venture capital firm specializing in investments in start-ups, seed, and early stage companies. It seeks to invest in the technology and life sciences sectors with a focus on personalized medicine, medical technologies, therapeutics, biopharmaceutical products, biology, drug discovery technologies, therapeutic platforms, innovative biomedical technologies, diagnostics, and medical devices. Within technology, the firm focuses on payments, SMB, consumer-facing innovation, emerging web service companies, next-generation media, gaming, and social technologies, enterprise and Internet infrastructure, big data and mobile infrastructure, and Internet related businesses. Website: http://www.atlasventure.com/

About Silicon Valley Bank

For more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Forbes named SVB one of America’s best banks (2015) and one of America’s best-managed companies (2014). Silicon Valley Bank is the California bank subsidiary and commercial banking operation of SVB Financial Group (Nasdaq: SIVB), and a member of the FDIC. Silicon Valley Bank and SVB Financial Group are members of the Federal Reserve System. Website: http://www.svb.com/

Instructure raises $40 million in Series E funding

Instructure Logo
Instructure is a software-as-a-service technology company that is known for creating the Canvas learning management system. Instructure has recently raised $40 million in Series E funding. This round of funding was provided by Bessemer Venture Partners and EPIC Ventures. More details below:

Press Release

Instructure, a software-as-a-service (SaaS) company that created the Canvas learning management system, today announced it has raised $40 million in a Series E round of funding. The pre-IPO investment is led by Insight Venture Partners with Bessemer Venture Partners and EPIC Ventures participating. The investment will finance the launch of Bridge, a cloud-based corporate learning and engagement platform that signals Instructure’s expansion into the learning segment of the enterprise market.

The investment brings Instructure’s total venture backing to approximately $90 million. Current investors include Bessemer Venture Partners, EPIC Ventures, Insight Ventures and OpenView Venture Partners. The funding will help the company continue to invest in the higher education and K-12 markets with its flagship product, Canvas, while expanding to help enterprises assess and improve employee engagement through Bridge. Foundation partners include CLEARLINK, OpenTable and Oregon State University.

“This funding allows us to continue to innovate in education while simultaneously expanding to the learning portion of human capital management market,” said Josh Coates, CEO at Instructure. “We believe Bridge makes it easier for businesses to improve employee engagement and learning, just as Canvas made it easier for educators to improve teaching and learning.”

Since its formal launch in 2011, the Canvas LMS has attracted 18 million students and teachers from more than 1,200 universities, colleges and K-12 school districts. Bridge, which Instructure launched in response to the increasing dissatisfaction in the marketplace with existing corporate learning and engagement systems, will help organizations and businesses assess employee sentiment, build knowledge and align employee and organizational goals.

“Education is no longer confined to academic classrooms, and we’re excited to partner with a leading technology company like Instructure to help respond to a corporate business need and expand its market footprint,” said Ryan Hinkle, managing director at Insight Venture Partners. “Instructure has already achieved a leadership position in cloud-based learning software for education, and the next logical step is to broaden its scope to providing learning technology to other markets.”

About Instructure

Instructure, Inc. is the software-as-a-service (SaaS) technology company that makes smart software that makes people smarter. Its cloud-based Canvas learning management system (LMS) now connects more than 18 million teachers and learners at over 1,200 higher ed and K-12 institutions throughout the world. Because learning doesn’t end after graduation, Instructure also offers Bridge, the modern learning and engagement platform that enables organizations of every kind to engage with employees by measuring and improving employee sentiment, alignment, and knowledge in real time. Learn more about Canvas at www.CanvasLMS.com and Bridge at www.GetBridge.com.

About Insight Venture Partners

Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $8 billion and invested in more than 200 companies worldwide. Its mission is to find, fund and work successfully with visionary executives providing them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all of its investments, visit www.insightpartners.com or follow us on twitter: @insightpartners.com.