StrictlyVC: April 28, 2015

Happy Tuesday, everyone! No column today. We had a strange Monday, including having our car towed (while parked legally, as we were volunteering at a school, no less!). Mostly, we’re sorry we missed an outing at San Francisco’s AT&T park that Rothenberg Ventures organized yesterday. Sounds like it was a hit (no pun intended).

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Top News in the A.M.

Apple’s announcement yesterday that it would dole out the biggest chunk of cash to shareholders in history—$200 billion of capital will be returned to investors through March 2017—means one thing and one thing only, says Time: The market has topped.

After three years of testing, Amazon is rebranding its business offerings and unveiling a new site around them. The WSJ has more here.

Watch out, Skype. Facebook just introduced video calling in its Messenger platform.

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New Fundings

Babajob, a nearly eight-year-old, Bangalore, India-based jobs marketplace, has raised $10 million in new funding from SEEK, an Australia-based online employment marketplace. The company had raised an earlier, undisclosed amount of Series A funding led by GrayGhost Ventures and Khosla Impact. The outlet e27 has more here.

Beijing Weiying, a year-old, Beijing, China-based company that provides online booking and payment for movie tickets via mobile apps based on Tencent’s Wechat and QQ platforms, has raised $105 million in Series B funding from Tencent Holdings, Dalian Wanda Group, and other investors. China Money Network has more here.

Benefit, a 2.5-year-old, Grand Rapids, Mi.-based pre-paid mobile wallet application that sends a percentage of each transaction to the cause of a user’s choice, has raised $900,000 in seed funding led by Start Garden, an early stage venture capital fund. The company had previously raised $550,000 in seed funding across two rounds, shows Crunchbase.

CareCloud, a six-year-old, Miami, Fla.-based company that makes practice management and electronic health records software, has raised $15 million in funding from previous investors. The company also appointed a new CEO. The company has now raised roughly $100 million altogether, shows Crunchbase, including from Tenaya Capital, Intel Capital, and Norwest Venture PartnersMore here.

DataTorrent, a three-year-old, Santa Clara, Ca.-based data analytics software company, has raised $15 million in Series B funding led by Singtel Innov8, with participation from GE Ventures and all of its previous investors. The company has now raised $23.8 million altogether, including from Morado Venture PartnersAugust Capital, and AME Cloud Ventures.

DingIt.tv, a year-old, Ashburn, Va.-based live streaming broadcast site for professional and aspiring gamers, has raised $1.5 million in seed funding from the London-based venture firm Black Green Capital. More here.

DocDoc, a three-year-old, Singapore-based online service providing ratings about doctors in Southeast Asia, along with booking services, has raised $11 million in Series A funding led by Raymond Choong Yee How, CEO of the Malaysian banking conglomerate Hong Leong Financial Group. Sparklabs Global Ventures also participated in the round. DocDoc had previously raised $2.6 million in seed funding. TechCrunch has more here.

Icertis, a six-year-old, Bellevue, Wa.-based company whose software lets corporate customers manage contracts from the cloud, has raised $6 million in Series A funding led by Greycroft Partners and Fidelity Growth Partners India. The company had previously raised roughly $500,000 in seed funding.

Loop Commerce, a 2.5-year-old, Menlo Park, Ca.-based online gift card startup, has raised $16 million in Series B funding co-led by investor Oren Zeev and Wicklow Capital. The company has now raised roughly $30 million altogether. Venture Capital Dispatch has much more here.

Naaptol, a seven-year-old, Mumbai, India-based online store selling a wide variety of items, has raised $21.4 million in Series C funding led by the Japanese conglomerate Mitsui & Co., with participation from earlier backers New Enterprise Associates, Canaan Partners and Silicon Valley Bank. The company has reportedly raised around $76 million altogether. Tech-Portal has more here.

Refinery29, an 11-year-old, New York-based fashion and style site, has raised $50 million in new funding led by Scripps Network Interactive and the ad giant WPP. The company, which has raised $80 million to date — including from Floodgate, First Round Capital, and Lerer Hippeau Ventures — is reportedly now valued at $290 million. Recode has more here.

SensorSuite, a three-year-old, Toronto, Ontario-based wireless sensor and cloud analytics platform, has raised $550,000 in seed funding from Extreme Venture Partners, BDC Capital, and unnamed angel investors. TechVibes has more here.

Smava, a 10-year-old, Berlin, Germany-based social lending platform, has raised $16 million in funding led by Phenomen Ventures, with participation from existing investors Earlybird Ventures and Neuhaus Partners. The company has now raised $29.1 million altogether, shows Crunchbase.

UBeam, a four-year-old, L.A.-based wireless power startup that transmits power over-the-air to charge electronic devices, is reportedly in talks to raise $50 million or more in Series B funding, at a valuation of $500 million or more. The company has raised just $13.2 million to date, from a long list of investors that includes Crunchfund, Zappos CEO Tony Hsieh, and Yahoo CEO Marissa Mayer. TechCrunch has the story here.

Validic, a five-year-old, Durham, N.C.-based company whose mobile health API connection enables healthcare companies to access data from clinical and remote-monitoring devices, sensors, fitness equipment, wearables and other applications, has raised $12.5 million in Series B funding from Kaiser Permanente Ventures, SJF Ventures and Greycroft Partners. The company had previously raised $5.9 million over numerous rounds, shows Crunchbase.

Windward, a five-year-old, Tel Aviv, Israel-based startup that has developed maritime tracking and predictive technology, has raised $10.8 million in Series B funding led by Horizon Ventures, with participation from earlier backer Aleph. The company had previously raised $5 million in Series A funding.
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New Funds

Scale Up Ventures Fund, a new, Ontario-based venture fund, has received $25 million from the Government of Ontario that will be matched with $25 million from private investors — all to provide capital to Ontario-based start-ups. The fund is expected to begin operations in summer. More here.

Saama Capital, a three-year-old, Bangalore-based venture firm whose team previously worked together at SVB Financial Group, is raising its third fund, shows an SEC filing that doesn’t list a target. More here.

Yet2Ventures, a five-old, Wilmington, De.-based secondary shop that buys stakes from venture funds looking to liquidate some of their holdings, has raised roughly $12 million for its newest fund, shows an SEC filing. Yet2Ventures was cofounded by Ben DuPont, a member of the Du Pont family.

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Exits

Drug company Celgene Corp. is acquiring the six-year-old, San Francisco-based biotech startup Quanticel Pharmaceuticals for $100 million cash, with another $385 million in payouts contigent on certain milestones being met. Quanticel, a Stanford University spin-off, had entered into a multi-year deal with Celgene in 2011 and was provided with $45 million in return.

Loqate, a five-year-old, San Bruno, Ca.-based company that provides location-based intelligence and data to other apps, has been acquired for $13.4 million by GBGroup, a U.K.-based identity intelligence firm. Silicon Valley Business Journal has more here.

Skava, a 13-year-old, San Francisco-based e-commerce company focused on mobile and in-store platforms for big-box retailers, is being acquired by an affiliate of the Indian tech services giant Infosys for $120 million. The San Francisco Business Times has more here.

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People

Facebook and Twitter are gearing up to battle the gender discrimination and harassment claims that have been brought against them recently. According to The Recorder, Orrick, Herrington & Sutcliffe’s powerhouse partner Lynne Hermle, who represented Kleiner Perkins in its recent case, is defending Twitter. Meanwhile, Facebook has hired Morgan, Lewis & Bockius partner Melinda Riechert to defend itself against claims brought by a former employee.  More here.

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Jobs

Google is hiring a corporate development associate. The job is in Mountain View, Ca.

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Data

In the first quarter of of this year, 166 Israeli high-tech companies raised $994 million, according to a survey conducted by IVC and KPMG. The total marks the second-highest quarterly amount in the last decade; it also represents a 48 percent jump up from the $673 million raised by 160 companies in the corresponding quarter of 2014. Globes has the story here.

Apple is crushing it in China (chart).

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Essential Reads

When it comes to real-estate related tech firms (and many others), Europe is playing catch-up with the U.S., reports the WSJ.

The astonishing, untold story of Silk Road.

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Detours

Art by roller skate.

The 25 business schools with the best social life.

Good news? The chore gender gap (kind of) evens out after retirement.

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Retail Therapy

A bike cruiser that can land you a speeding ticket. (Well, if you’re biking through a school zone anyway.)


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