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.

EPIC! – Children’s Books Library Raises $8M

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In December 2014, Zillionize invested in EPIC! as a seed round investor. Now in December 2015, EPIC! has closed another $8M in Series B funding round. Good luck EPIC!

Founded in January 2013, Epic! offers kids 12 and under (or their parents) an all-you-can-read subscription to over 10,000 books for $4.99. Currently available as an iPad app, Epic! offers features such as badged, reading logs and personalized recommendations.

Please read full story at EdSurge.

ToutApp Raises $15M in Series B Round

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In December 2013, we shared about ToutApp’s Series A funding of $3.35M and now we are pleased to announce that ToutApp has raised $15M in Series B round as well. We are happy to be part of a growing venture as ToutApp.

The Series B brings the startup’s total funding to more than $20 million, with Andreessen Horowitz’s Scott Weiss joining the board of directors. Previous investors Sigma West, Founder Collective, 500 Startups and the Launch Fund also participated.

Please read full story at TechCrunch.