Nextdoor raises $110 million 

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Nextdoor, a social network that focuses on neighborhoods, has raised $110 million in funding. The investors in this round were undisclosed, but it is believed that Kleiner Perkins, Benchmark Capital, Greylock Partners, Redpoint Ventures and Insight Venture Partners were involved. Nextdoor is reportedly valued at $1.1 billion following this round of funding.

Booker raises $35 million in Series C

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Booker is a leading platform for service commerce that has announced it has raised $35 million in Series C funding led by Medina Capital. First Data, Jump Capital, Signal Peak Ventures, Bain Capital Ventures, Revolution Ventures, TDF Ventures, and Grotech Ventures also participated in this round. More details below:

PRESS RELEASE

NEW YORK — Booker, the leading platform for service commerce, today announced that it has raised a $35 million Series C growth round of funding led by Medina Capital. The funding round includes a strategic investment by First Data, the global leader in payment technology and services solution, and investment firms Jump Capital and Signal Peak Ventures, as well as early investors including Bain Capital Ventures, Revolution Ventures, TDF Ventures, and Grotech Ventures. Medina Capital Partner Adam Smith will join Booker’s board in conjunction with the investment.

“Today, most local service businesses still operate primarily only in the offline world,” said Josh McCarter, Booker CEO. “But consumer behavior is rapidly changing. Restaurant, hotel and car booking apps have begun to shift the way consumers now interact with all types of local businesses. Booker is uniquely poised to provide nearly every type of local service business with an all-in-one solution that helps them manage their business and enables consumers to discover, book and pay for their services online.”

“We firmly believe that the migration of offline service businesses to online service commerce platforms represents a huge market opportunity,” said Adam Smith, Partner at Medina Capital. “Booker is leading the way with an easy-to-use software-as-a-service solution that replaces legacy or offline systems.”

“As a leading provider of next generation commerce solutions to small and medium businesses, First Data shares Booker’s view and recognizes the significant opportunity to help service-based merchants manage and grow their businesses,” said Himanshu Patel, Executive Vice President, Strategy, Planning & Business Development, First Data. “Through this partnership, we look forward to finding ways to share our expertise, insights, and expansive merchant network with Booker as they continue to grow.” First Data’s strategic investment was made through its ventures group that focuses on collaborating with entrepreneurs in the areas of payments, mobile, marketing, loyalty, and security to support the next generation of commerce.

Booker plans to use this funding to expand the number of businesses it serves and enhance its product offering to further drive revenue for its merchants.

For more information about the services Booker provides to local businesses, please visitwww.booker.com.

About Medina Capital

Medina Capital is a high-growth equity investment firm focused on IT infrastructure companies in areas such as cloud computing, cybersecurity, big data, software-defined security and software-defined networking. The firm’s philosophy emphasizes investing in high-growth companies with established products or services that will benefit from Medina Capital’s strategic guidance. For more information about Medina Capital, please visit http://www.medinacapital.com.

About First Data

First Data is the global leader in payment technology and services solutions. With 24,000 owner-associates and operations in 35 countries, the company provides secure and innovative payment technology and services to more than six million merchants and financial institutions around the world, from small businesses to the world’s largest corporations. Today, businesses in nearly 70 countries trust First Data to secure and process nearly 2,000 financial transactions per second, totaling $1.8 trillion a year. First Data’s unparalleled infrastructure and partnerships go “beyond the transaction” with next-generation point-of-sale technology fueled by powerful analytics to detect fraud, gain insights into consumer spending, and strengthen customer loyalty. All day, every day, First Data helps its clients thrive in the evolving world of commerce.

About Jump Capital

Jump Capital is a Chicago-based venture capital firm specializing in expansion stage and growth capital investments. Led by a team of experienced operating executives, Jump Capital takes an opportunistic, long-term approach to investing. Jump seeks investment opportunities ranging from $2 million to $15 million in scalable technology businesses with compelling leadership teams across a wide breadth of industries including enterprise technology, marketing, healthcare, data security and financial services. For more information, visit www.jump-capital.com.

About Signal Peak Ventures

Signal Peak Ventures is a venture capital and growth equity firm with more than $500 million in assets under management. Based in Salt Lake City, Utah, the firm invests in innovative information technology companies and looks for entrepreneurial teams with the potential to transform markets and create lasting value. Specific areas of focus include Internet, SaaS, enterprise software, security, and mobile computing. For more information, please visit www.signalpeakvc.com.

About Booker

Booker is a service commerce platform that helps businesses run and grow successfully by streamlining their operations and helping to increase their revenues. Booker enables service businesses to sell their services online, via mobile device or in person, creating a seamless online booking experience for their customers. With Booker’s platform, business owners can manage every booking, customer and transaction, and use automated tools to drive more sales from new and existing customers. Booker processes more than three million appointments each month across 73 countries in 11 languages. Headquartered in New York City, Booker’s customers include thousands of local service businesses, as well as Fortune 500 companies.

Tempered Networks raises $15 million in Series A funding

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Tempered Networks is a provider of secure connectivity for critical infrastructure and information that has raised $15 million in Series A funding led by Ignition Partners with participation from IDG Ventures. Tempered Networks has raised a total of $22 million thus far. More details below:

PRESS RELEASE

SEATTLE, MARCH 3, 2015 –Tempered Networks, Inc., provider of secure connectivity for critical infrastructure and information, today announced it has raised $15 million in a series A funding round led by Ignition Partners with participation from IDG Ventures. This brings the total amount of financing the company has raised to $22 million. The new funding will be used to build the company’s sales, marketing, and engineering teams and expand its distribution channels.

Tempered Networks also announced that John Connors, Managing Partner at Ignition Ventures, has joined its Board of Directors. “The proliferation of connected devices is increasing enterprises’ exposure to security breaches by orders of magnitude,” said Connors. “Tempered Networks’ industrial hardened solution and world-class team will be mission critical to companies needing to secure their connected assets, across edge, corporate, and industrial networks.”

Since being commercialized in 2012, the company’s break-through technology has protected critical infrastructure—typically controlled by ICS (Industrial Control Systems) and SCADA (Supervisory Control and Data Acquisition) systems—against cyber security attacks. Tempered Networks has customers in the manufacturing, oil & gas, and utilities sectors which employ its solution to achieve a hardened, resilient, and secure network. In 2014, Tempered Networks was named 2014 North American Entrepreneurial Company of the Year by Frost and Sullivan as well as an SC Magazine 2014 Security Innovator.

“Ignition’s deep domain expertise as both investors in and operators of enterprise software companies, made them a great fit to lead this round,” said Jeff Hussey, President and CEO of Tempered Networks and founder of F5 Networks. “We have worked with both firms successfully in the past and look forward to collaborating with them as we continue to grow and extend our reach in the market.”

Supporting Resources

Tempered Networks solution overview video

Whitepaper: Moving Beyond Perimeter-based Security

Twitter: @TemperedNW (https://twitter.com/TemperedNW)

LinkedIn (https://www.linkedin.com/company/tempered-networks)

About Tempered Networks Tempered Networks meets the security and connectivity challenges for businesses who rely on critical infrastructure, industrial control systems (ICS), and the Industrial Internet of Things (IIoT). The company provides a Virtual Private Overlay Network architecture that orchestrates identity and trust management. Organizations can cloak their critical infrastructure devices, while allowing them to communicate over secure channels. Tempered Networks’ deployment model bridges IT and OT (Operational Technology) imperatives by delegating control of overlay networks, with centralized governance and oversight. This model increases an organization’s profits, reduces TCO, and improves internal IT customer satisfaction. Tempered Networks’ solution includes a comprehensive HIPswitch™ product line that matches the fit, form, and function of the target applications on trusted and untrusted networks. Key industries that benefit today from the solution include Public Utilities (Power, Water and Gas) Oil & Gas, and Manufacturing. For more information go to temperednetworks.com.

YouMail raises $5.5 million in Series B

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YouMail is a cloud-based telecommunications platform company that has raised $5.5 million in Series B funding. YouMail will be using the funding to expand its base of over 6.5 million registered users. The investors in this round were not identified. More details below:

PRESS RELEASE

IRVINE, Calif., March 3, 2015 /PRNewswire/ — YouMail, the leading provider of intelligent, cloud-based telecommunication services for consumers and small businesses, has completed a $5.5m series B round. The company will use the proceeds to expand its base of well over 6.5 million registered users. This round brings the company’s total raise in debt and equity to just over $20 million.

YouMail raised its latest funding in February as a private placement, taking advantage of the federal Jumpstart Our Business Startups (JOBS) Act. Among other things, the JOBS act removed the ban on general solicitation and general advertising in private placements, allowing YouMail to market its offering through the internet, open webcasts and similar means. This private placement was managed by Digital Offering, a next-generation, technology-driven merchant bank, and included a mix of institutional investors, family offices, private investors, and other investment groups.

YouMail provides a digital personal assistant that helps users better manage incoming phone calls. Users download YouMail’s app, which replaces their existing smart phone visual voicemail. YouMail’s service improves its user’s caller care, privacy, and productivity, through innovative features such as visual caller ID, automated caller blocking, personalized smart greetings, automatic replies, cloud storage, multi-platform access to messages, call routing, and more.

YouMail is available on iPhone and Android, in addition to desktop and mobile Web-based platforms. There are also third-party applications tied into the YouMail Platform for Windows Phone, iPhone, and Android.

To expand its market presence, YouMail recently hired Brian Davi as the company’s Vice President of Marketing. Davi is a veteran marketing professional with a proven track record of implementing strategies that have produced more than $120 million in annual revenue. Previous to joining YouMail, Davi was the VP of Marketing at Sendme Inc.; Director of Advertising Analytics at Universal Music Group; and the Associate Director of Marketing at Fox Mobile Distribution. With the new team in place, YouMail is excited to embark on its next phase of growth and maturity, said CEO Alex Quilici, a serial entrepreneur who previously co-founded Quack, a voice portal startup which was later acquired by AOL.

“Consumers are overwhelmed with calls, texts, and other forms of communication, especially those who use their cell phone for business or to manage a busy family’s needs.” Quilici said. “Thanks to the JOBS Act, YouMail was able to leverage the popularity of its consumer service and successfully reach beyond traditional sources.”

Prior to this current round of private funding, YouMail’s investors include Vantage Point Capital Partners, the Crunch Fund, Wavemaker Ventures, and Tech Coast Angels.

About YouMail: YouMail, Inc. (http://www.youmail.com) is the leading provider of intelligent, cloud-based telecommunication services. The company’s flagship service, YouMail, provides a digital personal assistant for handling phone calls that replaces the user’s voicemail on Android, iPhone and Windows Phones. Headquartered in Irvine, Calif., YouMail is backed by VantagePoint Capital Partners, Wavemaker Ventures, the Tech Coast Angels ACE Fund, the CrunchFund, the Tech Coast Angels, and numerous private investors and family offices.

ToutApp raises $15 million in Series B

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ToutApp is a sales platform that enables salespeople to close more deals through advanced sales tracking, templates, and analytics. ToutApp has announced it has raised $15 million in Series B funding led by Andreessen Horowitz. Sigma West, Founder Collective, 500 Startups and the Launch Fund also participated in this round. More details below:

PRESS RELEASE

SAN FRANCISCO, CA (March 3, 2015) – ToutApp, the sales platform that helps salespeople close more deals through advanced sales tracking, templates and analytics, today announced it has raised $15 million in Series B funding led by Andreessen Horowitz. Existing investors Sigma West, Founder Collective, 500 Startups and the Launch Fund also participated in the round.

ToutApp will use this investment to scale operations and infrastructure to meet growing demand for its platform while continuing to expand its category-leading capabilities and features. Founded in 2011, ToutApp has now raised more than $20 million.

“Research shows 65% of a salesperson’s time is wasted on busywork because of ineffective sales software,” said Tawheed (TK) Kader, Founder and CEO of ToutApp.* “Our mission is to empower the modern, more consultative sales culture by providing salespeople and sales managers with the best possible platform to close deals.”

Today, most sales teams use 15 different tools to help run the sales process.** With so many fragmented point solutions, 71 percent of sales professionals say they spend too much time on data entry,*** impacting their ability to sell and drive revenue. ToutApp offers a single streamlined sales software platform with tracking, templates and predictive analytics directly integrated into Gmail, Outlook and CRMs, such as Salesforce and Microsoft Dynamics, to help sales teams close more deals. With ToutApp’s 150% dollar renewal rate, and over 300% top line revenue growth, customers have shown their vote of confidence in the ToutApp solution.

“ToutApp delivers what salespeople and sales managers need today — a smarter, faster way to close deals and accelerate revenue cycles,” said Scott Weiss, general partner at Andreessen Horowitz. “This is the next generation of software for salespeople to efficiently and effectively communicate with prospects and customers. We’re impressed by their strategic approach to the market and are eager to help them continue to scale.”

In the past year alone, as a result of continued market demand, ToutApp has more than doubled its enterprise customer base. Enterprise companies currently using ToutApp include: Atlassian, Dropbox, Optimizely, Jive, Namely and more.

“ToutApp is in high demand because it fills an important need in today’s sales industry,” said Greg Gretsch, Managing Director of Sigma West, who also participated in the round. “It represents the evolution of CRM tools that only manage and track leads. ToutApp has been leading the way for the future of sales software, finally giving teams a true communications platform for the modern sales organization.”

“This investment, led by Andreessen Horowitz, is a testament to how ToutApp is leading the charge in the future of sales software,” added Kader. “Sales has changed but sales software hasn’t. There is now an important new industry being created that builds great sales software for the modern salesperson instead of just the sales manager.”

With the investment, ToutApp has also announced the appointment of Scott Weiss at Andreessen Horowitz to its board of directors. He joins existing members that include Tawheed (TK) Kader, ToutApp Founder and CEO, and Greg Gretsch of Sigma West. ToutApp’s angel investors include Esther Dyson, Eric Ries and Scott Banister.

About ToutApp ToutApp builds software that helps salespeople close deals faster with the power of email tracking, templates and analytics. Founded in 2011, ToutApp has more than 90,000 salespeople using its platform, with enterprise customers including Atlassian, Dropbox, Optimizely, Jive, Namely and more. www.toutapp.com.

About Andreessen Horowitz Andreessen Horowitz backs bold entrepreneurs who move fast, think big, and are committed to building the next major franchises in technology. Founded by Marc Andreessen and Ben Horowitz, we provide entrepreneurs with access to our deep expertise and insights in innovation, business development, market intelligence, executive and technical talent, and marketing and brand-building. Find us in Menlo Park, CA, and at www.a16z.com.

About Sigma West Sigma West is an early stage technology venture capital firm in San Francisco investing in entrepreneurs with passion and drive. We are a group of successful technology industry veterans working to support start-up teams. We currently invest across the software technology landscape including cloud/SaaS, consumer, enterprise, security and storage. Successful exits include Responsys (Oracle, 2014), KACE (Dell, 2010), Fortify Software (HP, 2010) and EqualLogic (Dell, 2008). Please visit sigmawest.com and follow us on Twitter @sigmawest.

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.

Cheyipai raises $110 million

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Cheyipai is a China-based online used car trading platform. Cheyipai has raised $110 million in Series D funding led by Renren with participation from Sequoia Capital, Matrix China, Morningside Ventures and CITIC Capital. Cheyipai is the largest used car trading platform in China based on the number of transactions. More details below:

PRESS RELEASE

BEIJING, March 2, 2015 /PR Newswire/ — China’s largest used car e-business trading platform Cheyipai announced that it has completed a new round of financing valued at $110 million. Renren Inc. (NYSE: RENN) was the lead investor of this D-round financing with secondary investors Sequoia Capital, Matrix China, Morningside Ventures and CITIC Capital. The sole financial adviser was Hina Group.

Founded in 2006, Cheyipai has now become China’s used car trading platform with the largest number of transactions. With a strong technical foundation and an expansive nationwide car dealer network, Cheyipai has created a unique service capable of being able to “sell a used car anywhere across the country within 15 minutes,” providing used car owners with quick and efficient platform for getting their car sold. By the end of 2014, more than 500,000 used car sale transactions had taken place on the Cheyipai platform.

Cheyipai has created a new ecosystem based on applying the online to offline (O2O) model to the sale of used cars. Leveraging the “268V” inspection technology which is proprietary to Cheyipai, the used car platform has trained and continues to train the inspection team through its “268V” inspection institute. So far, Cheyipai has built an 800 person-strong inspection team deployed throughout the country, able to provide designated location and on-site testing services to potential used car owners. During 2014, Cheyipai developed a technology-based solution for the used car industry and aggressively expanded its service network across the country. Cheyipai has now built four operation centers strategically located across the country to maximize geographical reach and set up dozens of secondary service centers as well as established a sales network covering more than 300 cities nationwide.

Cheyipai plans to further strengthen its offline services throughout the country by continually recruiting new inspectors and improve the training provided to all inspectors in an ongoing move to constantly perfect its inspection and after sales services. The company also plans to strengthen professional cooperation at all levels across the industry. “The goal of Cheyipai is to make sure that there is no used car in China remains unsold and make it easier for anyone and everyone who wants to own a car to be able to achieve that dream,” said Yang Xuejian, CEO of Cheyipai.

PeachWorks raises $4 million in Series A

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Formerly known as WhenToManage, PeachWorks is a restaurant management solutions company that has raised $4 million in Series A funding. This round of funding was led by Allos Ventures with participation from Huron River Ventures, Arsenal Venture Partners, and Invest Detroit. More details below:

PRESS RELEASE

Southfield, Mich. (PRWEB) March 03, 2015

PeachWorks, formerly known as WhenToManage, the leading provider of cloud-based solutions for the restaurant management industry, today announced that it closed $4 million in Series A financing led by Allos Ventures, a Midwest-based early-stage venture capital firm. The deal also included participation from Huron River Ventures, Arsenal Venture Partners, and Invest Detroit. PeachWorks will use the proceeds to scale up its sales and marketing capabilities and build out its suite of next-generation, cloud-based tools for restaurant management. The subscription-based cloud solution includes recipe and inventory management, Point of Sale (POS) analytics, and staff scheduling solutions for the restaurant, hospitality, specialty retail and food service markets.

In conjunction with the financing, cloud industry veteran Mark Symonds, former CEO of Plex Systems (Troy, Mich.), agreed to join the company as CEO. Symonds was appointed to a similar position in 2006 to grow a software-as-a-service enterprise and was instrumental in increasing revenue 10-fold and making it the undisputed leader in Cloud ERP for manufacturers.

PeachWorks’ founder, Jeff Schacher, will serve as chief product officer, focusing his restaurant technology expertise and entrepreneurial talents on expanding the company’s robust cloud-based platform of tools and applications for the restaurant industry. The company plans to announce the first of these tools, for the entire food service industry, very soon.

“As more and more restaurant establishments move their business operations to the cloud, PeachWorks has proven it’s the leader in creating compelling, easy-to-use solutions that are revolutionizing how restaurants and food service providers manage their businesses,” said Dov Rosenberg, director, Allos Ventures. “This company is building a unique platform of highly customizable applications that is extremely valuable to all of these businesses, from a small owner with a single location to large national chains like Panera, who is a customer.”

About PeachWorks PeachWorks, formerly known as WhenToManage, is the leader in restaurant management solutions for the cloud, offering subscription-based solutions for POS intelligence, inventory management and employee scheduling, as well as customized deployments. PeachWorks is backed by investors including Allos Ventures (allosventures.com), Huron River Ventures (huronrivervc.com), Arsenal Ventures (arsenalvp.com), and Invest Detroit (investdetroit.com). For more information, please visit http://www.peachworks.com.

About Allos Ventures Allos invests in early-stage technology companies in the Midwest, augmenting the capital provided by angel investors who have helped the companies reach a stage at which they are ready for their first institutional financing round. Allos’ principals believe in the benefits of a “hands-on” approach to venture capital investing, which allows the firm’s partner companies to leverage their business-building skills and resources, as well as those of the firm’s investors, many of whom are successful entrepreneurs.

About Huron River Ventures Huron River Ventures is an early-stage venture fund that invests in exceptional companies developing disruptive technologies and business models in agriculture, energy, transportation and other sectors. We back great people with big ideas and pride ourselves on rolling up our sleeves to add value and help entrepreneurs to succeed.

About Arsenal Ventures Arsenal Venture Partners is a multi-stage venture capital firm that focuses on the intersection of the Government, large corporations, and emerging technology companies. We partner with visionary entrepreneurs to build exceptional businesses in the enterprise, commerce/logistics, healthcare and resource efficiency sectors. We add value by fostering relationships from our unique network and experience working with the Department of Defense, United States Post Office, Fortune 500 Companies, Veterans Administration, among others. Arsenal Venture Partners’ core leadership team has been together for nearly fifteen years and has eighteen investment professionals across four offices throughout the United States.

About Invest Detroit Invest Detroit is a leading source of private sector gap financing that utilizes a variety of funding tools through managed for-profit and non-profit targeted funds to support economic development opportunities in underserved communities primarily in the City of Detroit. For more information, visit investdetroit.com.