Bevi – Eco-Friendly Smart Water Cooler Raises Another $16.5M

Our portfolio startup, Bevi – an environment friendly smart water cooler for offices with flavors and fizz has raised another $16.5M in Series B funding round. Earlier in December 2015, it raised $6.5M in Series A. With the freshly raised amount, Bevi plans to deploy its products to more locations across the U.S. and we wish them good luck with their expansion plans.

The company says around 1,000 of the Internet-connected beverage kiosks have been deployed in the offices of approximately 370 companies, including Apple, AT&T, Fidelity, GE, and Netflix.

The Series B round was led by Trinity Ventures, which has backed beverage companies like Starbucks and Jamba Juice, as well as tech startups like 3D printing company Markforged. Earlier Bevi investors Horizons Ventures and Tamarisc also contributed to the latest funding round. Bevi says it previously raised $11 million.

Bevi’s machines have a touchscreen that lets thirsty users select still or sparkling water, with a choice of flavors like orange mango, coconut, or a combination of blueberry and cucumber. Inside the machine, a system of pumps and valves take tap water from a hose and funnel it through a choice of flavor mixes and carbonation processes. Meanwhile, sensors and software help Bevi track things like how much concentrate of each flavor is left, how many beverages are being consumed, and so on. That enables the company to proactively refill inventory and fix maintenance issues—and to better tailor options to each client, say if a company’s employees prefer more organic choices or unsweetened flavors.

Bevi had sales of about $100,000 in 2015, and last year its revenue exceeded $1 million, Grundy says.

Please read the full story at Xconomy.

ShipBob – Ecommerce Order Fulfillment Service Raises Another $17.5M

Every year since 2015, we have something to share about our rapidly growing portfolio named ShipBob that offers fulfillment services like the ones of Amazon and Walmart to all online stores at affordable prices. Last year, it was about ShipBob raising $4M in Series A and now it’s about going through Series B funding round led by Bain Capital Ventures to raise another $17.5M. ShipBob now owns four warehouses in Chicago, New York, San Francisco and Los Angeles to deliver orders anywhere in continental US within two days.

Bain Capital Ventures led the Series B funding, which also included participation from existing investors Hyde Park Venture Partners, Hyde Park Angels, FundersClub and FJ Labs.

Dhruv Saxena, ShipBob’s CEO and co-founder, said companies can get deliveries to customers faster if they’re shipping from small regional warehouses, rather than one central hub. He said companies can, in some cases, get orders to customers same-day or next-day.

“That can be a major factor for the e-commerce businesses ShipBob serves, which range from 150 orders a month to more than 10,000 a day”, Saxena said.

ShipBob charges sellers a prenegotiated fee per shipment, as well as a fee for storing inventory based on how much space items require. Sellers pay ShipBob $35 each time they send a shipment from the manufacturer, as well as $5 per month for bins of items and $40 per month for pallets of items.

Please read the full story at Chicago Tribune.

Algolia – Hosted Search Engine API for Websites and Mobile Apps Raises Another $53M

Two years ago Algolia raised $18.3M in Series A round and now it has collected another $53M in Series B funding round led again by Accel. Algolia has got $74.22M of total funding till now. The excellent user experience, speed and accuracy offered by Algolia’s search engine are still making users go in love with it and developers love its reliability & scalability. We wish for Algolia to keep growing up and being loved by its customers.

Algolia is still growing like crazy, with its annual recurring revenue doubling every year. Algolia’s goal hasn’t changed — the startup wants to provide the best search experience to everyone building websites and apps out there.

The company now has 3,000 customers and handles 25 billion searches every month. Recently, the startup launched a fallback version of Algolia called Algolia Offline that you can use if you’re in airplane mode or don’t have a strong signal. Algolia also optimized its search feature for places.

With today’s funding round, Algolia is going to open another office in London after Paris, San Francisco, New York City and Atlanta. And of course, the company wants to get new customers, build new features and maybe one day become the Stripe of search.

Please read full story at TechCrunch.

Chewse – Online Office Catering Service Raises $7.3M

Chewse – an online catering service for office workers with tastiest meal programs has raised another $7.3M in Series B funding round led again by Foundry Group, with participation from Galvanize, Telegraph Hill Capital and Rocketship VC. The good news is, Chewse has become profitable after years of hard work and now serving San Francisco, the East Bay and also Los Angeles where the CEO of Chewse, Tracy Lawrence also won USC Stevens Student Innovator Showcase Award 2010 for Best Business Concept. This new funding would really help Chewse (often called as a Love Company by Tracy) to share its love with customers in more cities through its food and service.

Chewse became a Zillionize portfolio startup around three years ago and after an year they raised $5.9M in Series A round. With current Series B round, they have raised $15M in total by now. We are very happy for Chewse with their growth and wish them for the great success ahead.

Chewse is that rare example of a company that has flown under the radar while building a sustainable business, and finally believes it’s ready to take its service into other markets.

Over the last 16 months — the company has tripled sales and increased its margins by 50 percent, all while operating just in San Francisco.

After spending several years refining its playbook, the company re-launched service in Los Angeles yesterday. It’s the city founder and CEO Tracy Lawrence first launched the business from back in 2012, but Chewse retrenched in September 2015 as it raised money and got back to fundamentals. But now that it’s figured out a sustainable business model, Chewse is ready to prove itself in this new (old) market.

Please read full story at TechCrunch.

Sense.ly – Virtual Nurse Technology Raises $8M

Sense.ly – an AI driven avatar based healthcare service (where a virtual nurse provides customized monitoring and follow-up care, with a strong focus on chronic diseases) has closed $8M of Series B funding round for expanding its services to all types of clinics and patients. Sense.ly is a proud portfolio startup of Zillionize. Previously, It raised $2.2M in Series A round in June 2015 and with latest Series B round, its total equity funding is $11.78M now. We wish Sense.ly for a successful future ahead.

Investors in Sense.ly’s Series B round included the Mayo Clinic, Chengwei Capital which led the round, Bioved Ventures, Fenox Venture Capital and the Stanford StartX fund. Chengwei Capital Managing Director Richard Gu tells TechCrunch that his firm only invests in startups that have a “China play,” meaning their apps could serve massive markets there, or their technology could be manufactured in China.

The investor said, “We may help them find key partners in this region to expand here. But we want to see them use the funding to invest in core research and development.” Gu said he believes that Sense.ly’s technology has the potential to help people live longer, better lives and stay independent at home for longer than they might today. Odessky said given the medical talent shortage plaguing the US and other markets, Sense.ly also has the potential to make quality healthcare more affordable and available.

Please read full story at TechCrunch.

LeadGenius – B2B Lead Generation Solution Raises Another $10M

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In October 2014, we announced about $6M of Series A funding round for one of our portfolio startups, LeadGenius – a sales acceleration solution for businesses. And today we are glad to share that LeadGenius also has successfully raised another $10M in Series B round.

Formerly known as MobileWorks, LeadGenius helps customers find likely sales leads and reach out to them with automated emails. The company says revenue increased 6x in the past 20 months, with customers including eBay, Box and Weebly.

Please read full story at TechCrunch.

Meta – Augmented Reality Startup Raises $50M in Series B Round

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We are excited to share that one of our portfolio startups, Meta has raised another $50M in Series B round.

Meta, which makes an AR headset/glasses of the same name, as well as software to run on it, has raised $50 million in a Series B round of funding. The company plans to use the money to continue building out its technology, developing apps, expanding into new markets like China, and working on the next generation of its headset, the Meta 3 — according to a short statement announcing the round. The news comes just ahead of the E3 gaming conference kicking off this week, where we may see yet more AR and VR news emerge.

“It is incredibly gratifying to have the support of big thinkers and investors who understand the importance of creating a new human-computer interface, anchored in science. Our… investors really get what we’re doing and why Meta is different from the other players in AR,” Meron Gribetz, Meta’s CEO said in a statement today. “They understand that the combination of our advanced optical engines along with our neuroscience-based interface design approach are what will create a computing experience that is 100 times easier to use and more powerful than traditional form factors.”

This latest round includes investments from Horizons Ventures Limited (which led its $23 million Series A round), as well as a list that includes several strategic backers with several specifically out of China: Lenovo, Tencent, Banyan Capital, Comcast Ventures, and GQY.

Please read full story at TechCrunch.