Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Lending platform Kabbage raises $135M to expand its technology
Kabbage, a small business lending platform, has just landed $135 million in investor funding to give global businesses more access to its cash reserves.
The new round of funding is supported by major industry players including ING, Santander InnoVentures, and Reverence Capital Partners, as well as China-based Yuan Capital, Japanese Recruit Strategic Partners, and Scotiabank in Canada.
In total, the company has raised over $240 million in equity funding, plus an additional $360 million in debt financing. Existing investors BlueRun Ventures, UPS Strategic Enterprise Fund, and Thomvest Ventures also contributed to the round.
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23andMe raises $115M to grow its DNA health test technology globally
23andMe has raised a substantial $115 million in a series E round led by Fidelity Management and Research Company, with participation from new investors Casdin Capital, WuXi Healthcare Ventures, and Xfund, as well as existing investors such as Google Ventures.
The personal genomics and biotechnology company was founded in 2006 by Linda Avey and Anne Wojcicki, wife of Google cofounder Sergey Brin. The Mountain View, Calif.-based company had already raised $126 million prior to today’s announcement, and boasts a slew of big-name investors, including Google, Google Ventures, Sergey Brin, and Yuri Milner.
Bracket Computing raises $46.4M from Fidelity, Goldman Sachs, Qualcomm, GE
Bracket Computing, a startup with software that companies can use to securely run their applications and store data on public cloud infrastructure, is announcing today a $46.4 million round of funding. New investors Fidelity Management and Research Co. and Goldman Sachs are participating in the round.
Bracket started in 2011 and is based in Mountain View, California. Around 70 people work for the company, and the headcount should double within a year, according to Gillis. Customers include Blackstone, DIRECTV, GE, and Wells Fargo.
In addition to Fidelity and Goldman Sachs, several other investors participated in the round, including Allegis Capital, Andreessen Horowitz, Artis Ventures, Columbus Nova Technology Partners, GE, Norwest Venture Partners, Qualcomm, and Sutter Hill Ventures. To date, Bracket has raised $131.4 million.
Quri closes $17M round to expand in multiple U.S. cities
Retail Intelligence Technology company Quri announced today that it closed its series C round with $17 million in its pocket. The company said that the investment will help Quri’s expansion in multiple cities in the U.S., including New York, Chicago, and Los Angeles.
Kern Whelan Capital led the round while Matrix Partners, Catamount Ventures, and Simon Equity Partners followed.
More:Quri
Global VC investments for 2015 have already passed 2014, but seed stage continues to fall
While the latest numbers on global venture capital investments are mostly cheerful, they also hint at trouble on the horizon.
According to the Q3 venture capital report released today by CB Insights and KPMG, $37.6 billion was raised in 1,799 deals. That’s compared to $20.6 billion across 1,977 deals for the same period a year ago.
Overall, global funding of VC-backed companies hit $98.4 billion for the first nine months of 2015, compared to $88.7 billion in all of 2014. But, at the current rate, the report projects that the total number of deals will fall short of last year.
This list will be updated with breaking funding news all day. Check back for more.
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