Sunday, March 24, 2019
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Digital Adoption Platform Whatfix Raises $12.5 Million in Series B

Whatfix acquired $12.5 million in a Series B funding round led by Eight Roads Ventures India with participation from its US-based sister fund F-Prime Capital and Cisco Investments. Existing investors Stellaris Venture Partners and Helion Ventures Partners also participated in the round.

Whatfix plans to use the funds to continue its expansion in the US and global digital adoption enterprise application software markets. The company plans to also grow their marketing, sales, research and development teams in the US and India.

Adthena Raises $14 Million in Series A Funding

AI-powered search marketing intelligence provider Adthena ( acquired $14 million in a Series A funding round from Updata Partners.

Founded in 2012, Adthena strives to process 10 terabytes of new data, while indexing 500 million advertisements and 200 million keywords in 15 different languages every day. Its user-friendly interface segments data to provide insights into brand protection, partner management, strategic planning, gap analysis, and ad copy analysis, delivering key insights search advertisers need. Globally, Adthena works with 250 clients across 14 different business sectors, including retail and e-commerce, finance, travel, education, and automotive.

Adthena plans to use the funds to increase growth across the US and internationally while allowing the company to scale its AI capabilities and support the launch of new channels.


TriNetX Secures $40 Million in Series D Funding

Global health research network TriNetX closed $40 million in Series D financing, bringing its total funding to $102 million. The oversubscribed round was led by Merck Global Health Innovation Fund along with new investors Mitsui & Co., Ltd., ITOCHU Technology Ventures, ITOCHU Corporation, and existing investors MPM Capital, F2 Ventures, and Deerfield Management.

The company plans to use the funds to further develop TriNetX’s analytics platform, especially in the areas of artificial intelligence, machine learning, and digital clinical trials, and accelerate its expansion efforts in Europe, Asia, and South America.

Savory Appoints Wendy Powell as President

Lowell Bryan, CEO of Manhattan-based corporate catering company Savory, announced the appointment of Wendy Powell as president.

Powell joins Savory with 25 years of hands-on hospitality and foodservice experience. Previously, Powell held positions as vice president and head of regional business development for Patina Restaurant Group, Restaurant Associates, and Guckenheimer. From 1993 to 2008, she owned and operated Jubilee Catering, Inc., a premium catering company that was voted Best Caterer South of Boston (2001–2007).

Powell is a member of the Society for Hospitality and Food Service Management and Les Dames d’Escoffier.

Artemis Health Raises $25 Million Series C

Benefits data analytics company Artemis Health closed a $25 million Series C funding round led by Bessemer Venture Partners with participation from Maverick Ventures, F-Prime, Hearst Health Ventures, and Rose Park Advisors. Bessemer Venture Partners has a history of investing in health tech companies, and their portfolio includes Allscripts, Bright Health, Liazon, Welltok, and DocuTAP.

Artemis Health, based in Salt Lake City, Utah, strives to provide self-insured employers with insights into employee benefits data to help them reduce spending and provide effective, affordable health and wellness coverage.

Cloud Platform Sharpen Technologies Secures $15 Million

Sharpen Technologies, developers of the agent-first omni-channel cloud contact center platform, acquired $15 million in capital growth funding. Investors included Allos Ventures LLC, Cultivation Capital, Elevate Ventures, Jupiter Peak LLC, Collina Ventures, IU PhV, F&M Investment Office LLC, and Lightchain LLC, the family office of Rodger Riney, founder and former CEO of Scottrade.

As a customer experience technology provider, Sharpen Technologies’ proprietary Agent Experience Score gives contact centers a new way to measure and track not only performance, but overall agent well-being. Its unique omni-channel approach is designed to give agents a single interface for communicating across multiple channels, while its global, cloud-native platform strives to eliminate scalability issues while delivering financially backed 99.999 percent uptime.

Cloudflare Gains $150 Million

Internet performance and security company Cloudflare raised $150 million in its latest round of funding, led by Franklin Templeton. The company also announced two appointments to its board of directors: Stan Meresman, former CFO of Silicon Graphics, and Maria Eitel, founder and co-chair of the Nike Foundation.

To date, Cloudflare has raised $330 million from investors including New Enterprise Associates, Union Square Ventures, Venrock, Pelion Venture Partners, Greenspring Associates, CapitalG (formerly Google Capital), Microsoft, Baidu, Qualcomm, and Fidelity. The company plans to use this latest round of funding to extend its product ranges and continue its international expansion into new markets.

Biotech Company Beam Therapeutics Gains $135 Million in Series B

Beam Therapeutics, a biotechnology company developing precision genetic medicines through base editing, completed a $135 million Series B financing. Participants included new investors Redmile Group, LLC, Cormorant Asset Management, GV, and Altitude Life Science Ventures, along with existing investors F-Prime Capital, ARCH Venture Partners, Eight Roads Ventures, and Omega Funds.

The company plans to use the funds to advance the company’s development of next-generation CRISPR technologies, expand its pipeline of base editing programs, and further extend its scientific and technical leadership.

MacuLogix® Raises $38.7 Million in Series D

MacuLogix, Inc., a company equipping eye care professionals with the instrument, tools, and education needed to effectively diagnose and treat patients with age-related macular degeneration, completed a $38.7 million Series D round led by new investor Vivo Capital with participation from existing investors Fisk Ventures, Roche Venture Fund, Berwind Private Equity, and Life Sciences Greenhouse of Central Pennsylvania. With this round of funding, Jack B. Nielsen, managing director of Vivo Capital, Nathan Dau, principal of Vivo Capital, and Carole Nuechterlein, head of Roche Venture Fund will join the MacuLogix board of directors.

The company plans to use the funding to further expand the MacuLogix team and company infrastructure to support the sales and practice integration efforts of the AdaptDx automated dark adaptometer, both domestically and internationally. To date, MacuLogix has raised a total of $51 million in venture funding plus $10 million in venture debt.


FinTech Startup Glia Raises $20 Million in Series B Funding

Glia (formerly SaleMove), a digital customer service platform for financial services companies, secured $20 million in additional funding led by Insight Venture Partners, and joined by existing investors Tola Capital, Wildcat Capital Management, Grassy Creek, and Entrepreneurs Roundtable Accelerator. This brings Glia’s total fundraising to $29 million. As part of the investment, Lonne Jaffe, managing director at Insight Venture Partners, will join Glia’s board of directors.

Glia’s mission is to transform how financial institutions connect with their customers using messaging, video, voice, cobrowsing, and artificial intelligence. The company plans to use the funds to expand its product development, sales, solutions, and marketing organizations.

Real Estate Startup Blueground Tops $28 Million in Funding

Blueground closed a funding round of $20 million that includes the participation of New York City-based entrepreneur Kevin Ryan, who also joined the company’s board of directors. The real estate company has raised a total of $28 million to date and counts venture capital funds VentureFriends, Endeavor Catalyst, and Jabbar Internet Group as investors.

The company—which leases carefully selected, ideally located properties and upgrades them to fully furnished apartments—says it has tripled its annual revenue on a yearly basis over the last three years while compiling a portfolio of 1,800 apartments across New York, San Francisco, Los Angeles, Boston, Washington, DC, Chicago, Dubai, Istanbul, and Athens.


Betterworks®, a leading enterprise HR software startup, secured an additional $27 million, extending the company’s Series B investment to $51 million and its total funding to more than $65 million. These B rounds were led by existing investors Emergence Capital with Kleiner Perkins and participation from seed investors as well.

According to the company, enterprise sales of its Continuous Performance Management® software and professional services continue to be strong, as organizations recognize the need to quickly move beyond the outdated annual performance review and adopt the data backed, continuous approach to performance management pioneered by Betterworks.

The company plans to use the funds to maintain its pace of product innovation and to capitalize on accelerated sales momentum within enterprise organizations.