Venture Capital Funding Survey, Second Quarter 2015

VENTURE CAPITAL FUNDING, SECOND QUARTER 2015

This is a listing of many of the Bay Area firms that received venture capital financing between
April 1 and June 30, 2015. Most of the data was compiled from a survey conducted by
PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association
in conjunction with the Mercury News.
In the case of some investments there may have been other participants in the round who are not
credited. Also, the amounts listed may not include all venture funding the company received during
the quarter.
*Indicates this is a seed or first-round infusion of money from venture capitalists. These
companies may have received money previously from other investors and aren't necessarily startups.
BIOTECHNOLOGY / HEALTH
Name

Aduro BioTech

City

Berkeley

Advanced Cell Diagnostics Hayward

Aegea Medical

Autonomic Technologies

Redwood City

Redwood City

Stage

Later Stage

Amount

Investors

$200,000,000 Undisclosed firm

Description

Clinical research services

Later Stage

Kenson Ventures, Morningside

Technologies, New Leaf Venture Cell and tissue-based
$22,000,000 Partners, Summit Partners
diagnostic tests

Expansion

Alloy Ventures, Covidien

Ventures, Delphi Ventures,
$36,000,000 undisclosed firm

Manufactures surgical and

medical instruments

Later Stage

Aberdare Ventures, Edmond de

Rothschild Investment Partners
SAS, Forbion Capital Partners,
InterWest Partners, Kleiner
Perkins Caufield & Byers,
Novartis Venture Funds,
$43,199,800 undisclosed firm

Miniaturized implantable
neurostimulation device

Early Stage

Canaan Partners, Deerfield

Management Company, Tekla
Healthcare Investors,
undisclosed firms, Venrock,
Wellington Management
$70,000,100 Company

Biotechnology company

Arch Venture Partners, Fidelity

Biosciences, Flagship Ventures,
$217,000,000 undisclosed firm

Biotechnology company

CytomX Therapeutics

South San
Francisco

Denali Therapeutics*

South San
Francisco

Early Stage

First Aid Shot Therapy

Burlingame

Expansion

$20,332,000 Sofinnova Ventures

Page 1 of 11

Consumer healthcare
company

Venture Capital Funding Survey, Second Quarter 2015

Kezar Life Sciences*

South San
Francisco

Metabiota*

San Francisco

MyoKardia

South San
Francisco

Discovery and
development of drugs
targeting protein
homeostasis for
autoimmune disorders

Early Stage

Aju IB Investment Co., EcoR1

Capital, Morningside
Technologies, Omega Fund
$28,369,200 Management, undisclosed firms

Expansion

Capricorn Investment Group,

Data Collective, Industry
Ventures, Rosemont Seneca
Builds a framework to
Technology Partners, WP Global identify, analyze and
$30,200,000 Partners
investigate health threats

Early Stage

Sanofi-Sunrise, undisclosed
$46,000,000 firms

Developing a pipeline of
small molecule
therapeutics

Natera

San Carlos

Later Stage

Franklin Templeton
Investimentos Brasila, HealthCor
Partners Management, OrbiMed
Advisors, RA Capital
Management, Sofinnova
$55,500,200 Ventures, undisclosed firm
Genetic testing company

Outset Medical

San Jose

Expansion

CRG, undisclosed firms, Vertical

$59,594,000 Group, Warburg Pincus
Hemodialysis solutions

Scanadu

Moffett Field

Expansion

AME Cloud Ventures, CBC

Capital, Relay Ventures, Tencent
Collaboration Fund, undisclosed Consumer medical device
$34,850,400 firms, iGlobe Partners
products

SFJ Pharmaceuticals

Pleasanton

Expansion

$27,311,000 Undisclosed firms

Specialty pharma company

Intravascular devices for

calcified cardiovascular
disease

Shockwave Medical

Fremont

Early Stage

Ally Bridge Group Capital

Partners II, Deerfield
Management Company, RA
Capital Management, Sectoral
Asset Management, Sofinnova
Partners SAS, undisclosed firm,
$39,843,200 Venrock

SI-Bone

San Jose

Expansion

Sacroiliac joint medical

$21,000,000 Redline Capital Management SA device company

Page 2 of 11

Venture Capital Funding Survey, Second Quarter 2015

True North Therapeutics

Twelve

South San
Francisco

Redwood City

Twist Bioscience

Zymergen*

San Francisco

Emeryville

Early Stage

Baxter Ventures, Kleiner Perkins therapies that inhibit the

Caufield & Byers, MPM Capital, complement system to
$35,000,000 OrbiMed Advisors, Sr One
treat rare disease

Early Stage

Domain Associates, Longitude

Capital Management Co.,
Morgenthaler Ventures, Versant
$35,250,000 Ventures

Medical device incubator

Early Stage

Applied Ventures, Arch Venture

Partners, Foresite Capital
Management, Paladin Capital
$36,999,900 Management, undisclosed firms

DNA production and drug

development

Early Stage

AME Cloud Ventures, Data

Collective, Draper Fisher
Jurvetson, Innovation
Endeavors, Obvious Ventures
Management, True Ventures,
Two Sigma Investments,
$44,143,200 undisclosed firm

Designs and creates

microbial strains

BUSINESS SERVICES
Name

Adallom

Bill.Com

Coho Data

Docker

City

Palo Alto

Palo Alto

Palo Alto

San Francisco

Stage

Amount

Investors

Description

Early Stage

Hewlett-Packard Ventures, Index

Ventures, Rembrandt Venture
Content security services
$24,300,000 Management, Sequoia Capital
provider

Later Stage

Emergence Capital Partners,

$30,000,000 TTV Capital

Offers bill payment,

invoicing and cash flow
management solutions

Expansion

Andreessen Horowitz, HewlettPackard Ventures, Ignition

Partners, Intel Capital, March
$30,000,100 Capital Partners GP

Storage for the cloud

generation

Expansion

AME Cloud Ventures,

Benchmark Capital Management
Gesellschaft MBH In Liqu,
Coatue Management, Goldman
Sachs & Co., Greylock Partners,
Insight Venture Partners,
Sequoia Capital, Trinity Ventures, Open platform for
$95,000,400 undisclosed firm
distributed applications

Page 3 of 11

Venture Capital Funding Survey, Second Quarter 2015

Instart Logic

Jelli

Palo Alto

San Mateo

Expansion

Andreessen Horowitz, Four

Rivers Partners, Hermes Growth
Partners, Kleiner Perkins
Caufield & Byers, Tenaya
Cloud application delivery
$43,000,200 Capital, undisclosed firm
service

Expansion

First Round Capital, Intel Capital,

Relay Ventures, undisclosed
$21,000,000 firms
Social radio platform

Payment protocol and

exchange network

Ripple Labs

San Francisco

Early Stage

AME Cloud Ventures, China

Growth Capital, ChinaRock
Capital Management, Core
Innovation Capital I, IDG Capital
Partners, Liquidity Ventures I,
RRE Ventures, Route 66
Ventures, Seagate Technology
PLC, undisclosed firms, Vast
Ventures, venture51 Capital
$27,999,400 Fund

Saama Technologies*

Campbell

Later Stage

Carrick Capital Management

$35,753,000 Company

Big Data solutions and

services company

Expansion

August Capital Management,

Continental Investors, Financial
Technology Ventures, Highland
Capital Partners, Ignition
$40,000,000 Partners, Rakuten Ventures

Online payment service

provider

Wepay

Palo Alto

CONSUMER GOODS / SERVICES

Name

AirBnB

City

San Francisco

Stage

Expansion

Amount

Investors

Description

CBC Capital, Fidelity Investment

Funds II, GGV Capital, General
Atlantic, Hillhouse Capital
Management, Horizon Ventures,
Kleiner Perkins Caufield & Byers,
T. Rowe Price Threshold
Partnerships, Temasek Holdings
(Private), Tiger Global
$1,500,000,000 Management, undisclosed firms Community marketplace

AltSchool

San Francisco

Early Stage

Andreessen Horowitz, First

Round Capital, Founders Fund,
The, Learn Capital Venture
Partners, Omidyar Network
$100,000,000 Commons, undisclosed firms

Blue Bottle Coffee

Oakland

Later Stage

$74,959,000 Index Ventures, True Ventures

Page 4 of 11

Network of micro-schools
Coffee roasting and
retailing

Venture Capital Funding Survey, Second Quarter 2015

Credit Karma

Honor Technology*

Joyus

Munchery

Naturebox

San Francisco

San Francisco

San Francisco

San Francisco

San Carlos

Later Stage

Tiger Global Management,

$174,999,900 undisclosed firm

Offers credit scores and

recommendations for loans
and insurance products

Early Stage

Andreessen Horowitz, Kapor

$20,000,100 Capital, undisclosed firm

Offers online service that

connects in-home
caregivers and seniors

Expansion

Accel Partners & Co., InterWest

Partners, Marker Financial
Advisors, Steamboat Ventures,
$24,000,000 Time Warner Investments

Online video shopping

platform

Expansion

137 Ventures, Greycroft

Partners, Menlo Ventures,
Northgate Capital,
SherpaVentures, undisclosed
$86,590,000 firm, e.ventures

Food marketplace platform

provider

Early Stage

Canaan Partners, General

Catalyst Partners, Global
Founders Capital Management
GmbH, Kensington Capital
Partners, Neuberger Berman,
Softbank Capital Partners, Valley Delivers boxes filled with
$29,999,900 Oak Investments
snacks

Nerdwallet*

San Francisco

Expansion

Institutional Venture Partners,

RRE Ventures, undisclosed firm, Financial education and
$64,000,000 iGlobe Partners
empowerment

PAX Labs*

San Francisco

Later Stage

Sand Hill Angels, Tao Capital

$46,685,800 Partners, undisclosed firms

Pinterest

Poshmark

Prosper Marketplace

San Francisco

Menlo Park

San Francisco

Expansion

Expansion

Later Stage

Vaporization delivery
systems for smokers

Andreessen Horowitz, Bessemer

Venture Partners, Fidelity
Investment Funds II, FirstMark
Capital, Goldman Sachs & Co.,
SV Angel II Q, undisclosed firm,
Wellington Management
Internet scrapbooking
$186,000,000 Company
company

Inventus Capital Partners Fund I,

J. F. Shea Co., Mayfield Fund,
Menlo Ventures, Softtech VC,
Buying and selling
Union Grove Venture Partners
fashionable closets from
$25,000,200 2014
the iPhone

BBVA Ventures, Breyer Capital,

Credit Suisse Private Equity,
Neuberger Berman, Passport
$165,000,000 Capital, USAA, undisclosed firm

Page 5 of 11

Peer-to-peer lending
marketplace

Venture Capital Funding Survey, Second Quarter 2015

Sprig

San Francisco

Expansion

500 Startups, Accel Partners &

Co., Battery Ventures, Greylock
Partners, IDG Ventures USA,
Ludlow Ventures, Lumia Capital,
Social+Capital Partnership, Sozo Food delivery service
$44,660,200 Ventures, undisclosed firms
company

Online learning
marketplace
Health and beauty
products company

Udemy

San Francisco

Expansion

Insight Venture Partners,

Norwest Venture Partners,
$65,000,000 Stripes Group

Walker & Company

Brands

Palo Alto

Early Stage

Andreessen Horowitz,
$22,000,000 undisclosed firm

HARDWARE / INSTRUMENTS
Name

Tegile Systems

City

Newark

Stage

Expansion

Amount

Investors

August Capital Management,

Capricorn Investment Group,
Cross Creek Capital, Meritech
Capital Partners, undisclosed
$70,000,000 firms

Description

Flash-driven storage
arrays for database

NETWORKING / TELECOMMUNICATIONS
Name

Planet Labs

City

San Francisco

Stage

Expansion

Amount

Investors

$69,877,000 International Financeoration

Description
Space and analytics
company

ENERGY / INDUSTRIAL
Name

Bolt Threads

City

Emeryville

Stage

Early Stage

Amount

Investors

Alafi Capital Co., Formation 8

Partners, Foundation Capital,
$32,385,200 Founders Fund, The

Description

Fibers and fabrics for

textile industry

SEMICONDUCTORS
Name

City

Stage

Amount

Investors

Aquantia

Milpitas

Later Stage

Greylock Partners, Lightspeed

Management Company, New
Enterprise Associates, .,
Rossiyskaya Korporatsiya
$25,250,000 Nanotekhnologiy GK

Samsara Networks*

San Francisco

Early Stage

Andreessen Horowitz,
$25,000,000 undisclosed firm

Description

Ethernet connectivity
solutions
Internet connected sensor
system products

SOFTWARE
Name

Actiance

City

Redwood City

Stage

Later Stage

Amount

Investors

Credit Suisse Private Equity,

Golub Capital Master Funding,
JK&B Capital, Scale Venture
Partners, Sutter Hill Ventures,
$28,000,200 undisclosed firm

Page 6 of 11

Description

Communications solution
provider

Venture Capital Funding Survey, Second Quarter 2015

Adaptive Insights

Palo Alto

Later Stage

Bessemer Venture Partners,

Cardinal Venture Capital,
Information Venture Partners,
JMI Management, Monitor
Venture Associates, Norwest
Venture Partners, ONSET
$74,999,800 Ventures

Appirio

San Francisco

Later Stage

$35,000,000 Undisclosed firm

Global cloud consultancy

and services company

Automatic Labs

San Francisco

Expansion

Comcast Ventures, USAA,

$24,000,000 undisclosed firm

Driver assistance software

applications

Banjo

Redwood City

Expansion

Bluerun Ventures, Softbank

$100,000,000 Capital Partners

Expansion

Foundation Capital, Polaris

Venture Partners, Translink
$24,000,000 Capital, undisclosed firm

Early Stage

Bain Capital Venture Partners,

Charles River Ventures, Mayfield
$25,000,000 Fund
Networking company

Early Stage

Accel Partners &Co, Artis

Ventures, Battery Ventures,
Google Ventures, Qualcomm
Ventures, Trinity Ventures, Wing
$70,000,000 Venture Partners

Data platform for

converged secondary
storage

Later Stage

Battery Ventures, Crosslink

Capital, El Dorado Ventures,
Mohr Davidow Ventures, Rally
Ventures, T. Rowe Price
Threshold Partnerships,
$80,000,000 undisclosed firm

Cloud-based spend
management solutions

Early Stage

AME Cloud Ventures, Index

Ventures, Qualcomm Ventures,
Sutter Hill Ventures, undisclosed Applications that allow
$25,000,000 firm
consumers to buy products

Expansion

Foundation Capital, Matrix

Partners, Sapphire Ventures,
$30,000,000 Trinity Ventures

Advanced threat
monitoring and mitigation
platform

Early Stage

Jump Capital, Qualcomm

Ventures, Shasta Ventures,
Tenaya Capital, undisclosed
$48,500,000 firms, Venrock

Video consultation services

CliQr Technologies

Cloudgenix

Cohesity

Coupa Software

Curbside

Cyphort

Doctor On Demand

Santa Clara

Santa Clara

Santa Clara

San Mateo

Palo Alto

San Jose

San Francisco

Page 7 of 11

Cloud-based business
analytics solutions

Social discovery
application
Hybrid cloud-application
migration and
management solutions

Venture Capital Funding Survey, Second Quarter 2015

DocuSign

Freshdesk

Grab A Bucket

Guavus

HackerOne

HyTrust

Illumio

Jiff

San Francisco

San Francisco

San Francisco

San Mateo

San Francisco

Mountain View

Sunnyvale

Palo Alto

Later Stage

Bain Capital Venture Partners,

Brookside International, Dell
Ventures, Generation Investment
Management, Ignition Partners,
Intel Capital, Kleiner Perkins
Caufield & Byers, Sands Capital
Management, Scale Venture
Offers e-Signature
Partners, undisclosed firm,
transaction management
$278,099,900 Wellington Management Co.
solutions

Expansion

Accel Partners & Co., Google

Capital Management Company,
$50,000,100 Tiger Global Management

Early Stage

Bessemer Venture Partners,

Norwest Venture Partners, Trinity Allows users to have their
$30,000,000 Ventures
cars valeted from locations

Later Stage

Artiman Management, Investor

Growth Capital, Sofinnova
Ventures, Translink Capital,
$50,875,900 undisclosed firm

Early Stage

Benchmark Capital Management

Gesellschaft MBH In Liqu, New
$25,000,000 Enterprise Associates
Security firm

Later Stage

Accelerate-IT Ventures
Management, Cisco Systems,
Epic Ventures, Granite Ventures,
Intel Capital, Trident Capital,
undisclosed firm, Vanedge
Cloud security automation
$25,000,200 Capital
company

Early Stage

Accel Partners & Co.,

Andreessen Horowitz,
BlackRock, Formation 8
Partners, General Catalyst
$100,531,200 Partners, undisclosed firm

Cloud-based customer
support software

Big Data analytics

solutions

Cloud security company

Expansion

Aberdare Ventures, Aeris Capital Social network and digital

AG, GE Ventures, Rosemark
health applications
$23,450,000 Capital Group, Venrock
platform

Lattice Engines

San Mateo

Later Stage

Blue Cloud Ventures, New

Enterprise Associates, Piper
Jaffray Ventures, River Cities
$28,300,100 Capital Funds, Sequoia Capital

Lyft

San Francisco

Later Stage

Fontinalis Partners, undisclosed

$150,000,000 firm

Page 8 of 11

Offers data-driven
business applications

Offers a peer-to-peer realtime ride matching platform

Venture Capital Funding Survey, Second Quarter 2015

MarkLogic

Matterport

Menlo Security

San Carlos

Mountain View

Menlo Park

Later Stage

Northgate Capital, Sequoia

Capital, Tenaya Capital,
undisclosed firms, Wellington
$102,277,800 Management Company

Expansion

Felicis Ventures, Gic Special

Investments Pte, Qualcomm
$30,000,000 Ventures, undisclosed firm

Solutions for 3-D scanning

of spaces and objects

Early Stage

Engineering Capital, General

Catalyst Partners, Osage
$25,000,000 Partners, Sutter Hill Ventures

Offers protection to
organizations from cyberattacks

Enterprise NoSQL
database platform

Bay Partners, Cisco Investments,

Hummer Winblad Venture
Partner, Lightspeed
Management Company, Meritech
Capital Partners, Morgenthaler
Ventures, New Enterprise
Associates, Salesforce Ventures,
Sands Capital Management,
Ontegration platform for
Sapphire Ventures, undisclosed connecting SaaS and
$128,299,500 firms
applications

MuleSoft

San Francisco

Later Stage

Nexenta Systems

Santa Clara

Later Stage

Sierra Ventures, Translink

$30,000,000 Capital, undisclosed firm

Software-defined Storage
solutions

Niara

Sunnyvale

Early Stage

Index Ventures, New Enterprise

$20,000,100 Associates, Venrock

Stealth security analytics

company

Postmates

San Francisco

Expansion

$73,176,000 Tiger Global Management

On-demand delivery
services

Expansion

Accel Partners & Co., Bessemer

Venture Partners, Cisco
Investments, Disruptive,
Innovation Endeavors, Redpoint
$25,000,000 Ventures, undisclosed firm

Transparent and video

delivery solutions

Later Stage

Activant Capital Group, August

Capital Management, Commerce
One Ventures, Nokia Growth
Partners, Pereg Ventures,
Qualcomm Ventures, Siguler
Guff & Co., StarVest Partners,
Retail analytics for brick$29,003,400 undisclosed firm
and-mortar stores

Early Stage

Index Ventures, New Enterprise

Associates, Ribbit Capital, Social
$50,000,000 Leverage, Vaizra Investments
Broker-dealer

Qwilt

RetailNext

Robinhood Markets

Redwood City

San Jose

Palo Alto

Page 9 of 11

Venture Capital Funding Survey, Second Quarter 2015

Rubrik

Palo Alto

Early Stage

Greylock Partners, Lightspeed

Management Company,
$41,000,100 undisclosed firm

Live data access for

recovery and application
development

Mobile application for

shipping needs

Enterprise security
company

Shyp

San Francisco

Early Stage

Homebrew, Kleiner Perkins

Caufield & Byers,
SherpaVentures, undisclosed
$43,644,000 firm

Skyport Systems*

Mountain View

Expansion

Index Ventures, Intel Capital,

$30,000,000 Sutter Hill Ventures

Expansion

Accel Partners & Co.,

Andreessen Horowitz, Google
Ventures, Horizons Ventures,
Index Ventures, Institutional
Venture Partners, Kleiner
Perkins Caufield & Byers,
Mail.Ru Group, Social+Capital
$160,000,000 Partnership, Spark Capital

Expansion

Adams Street Partners,

Bessemer Venture Partners,
Shasta Ventures, undisclosed
$26,045,200 firm

Early Stage

Altimeter Capital Management,

Redpoint Ventures, Sutter Hill
$45,000,000 Ventures, Wing Venture Partners Data warehouse

Expansion

Accel Partners & Co., Draper

Fisher Jurvetson, Greylock
Partners, Institutional Venture
Partners, Sequoia Capital, Sutter Cloud-based machine data
$80,100,000 Hill Ventures
analytics service

Expansion

Andreessen Horowitz, Felicis

Ventures, Google Ventures,
SoftBank Group, undisclosed
$34,999,800 firm

Early Stage

Carmel Ventures IV Principals

Fund, Doll Capital Management,
Khosla Ventures, Kinzon Capital,
$22,000,000 Qualcomm Ventures
Mobile shopping platform

Expansion

Andreessen Horowitz, Greylock

Partners, Redpoint Ventures,
Tenaya Capital, ., undisclosed
$25,000,000 firm

Slack Technologies

Smule

Snowflake Computing

Sumo Logic

Switch Communications

Tapingo

Tidemark Systems

San Francisco

San Francisco

San Mateo

Redwood City

San Francisco

San Francisco

Redwood City

Page 10 of 11

Platform for team

communication

Social music making

applications

Online accelerator engine

provider

Set of enterprise
performance management
(EPM) applications

Venture Capital Funding Survey, Second Quarter 2015

Twilio

San Francisco

Expansion

Bessemer Venture Partners,

Draper Fisher Jurvetson,
$100,000,000 undisclosed firm

Business communications
solutions

Vessel Group

San Francisco

Early Stage

Benchmark Capital Management

Gesellschaft MBH In Liqu, Bezos
Expeditions, Greylock Partners, Service to consumers and
$58,000,000 Institutional Venture Partners
content creators

Vlocity*

San Francisco

Early Stage

Salesforce Ventures,
$42,800,000 undisclosed firm

Expansion

Gemini Capital Fund

Management, Giza Venture
Capital, Greenspring Associates, interactive online guidance
$25,000,000 Scale Venture Partners
system

Walkme

Zenefits Insurance
Services

ZenPayroll

San Francisco

San Francisco

San Francisco

Early Stage

Expansion

Andreessen Horowitz, Fidelity

Ventures, Founders Fund, The,
Insight Venture Partners,
Institutional Venture Partners,
Khosla Ventures, Tpg Growth,
$499,999,600 undisclosed firms

HR software that manages

payroll, benefits, and
compliance

Emergence Capital Partners,

General Catalyst Partners,
Google Capital Management
Company, Google Ventures,
Kleiner Perkins Caufield & Byers, Cloud-based payroll
$41,600,000 Ribbit Capital
provider

Page 11 of 11