Dollar Shave Club, the three-year-old, Venice, Ca.-based online seller of razors and other men’s grooming products, has raised $75 million in fresh funding less than a year after announcing its last, $50 million, round. Investors include Dragoneer, a growth-stage investment firm, as well as earlier backers Venrock, Technology Crossover Ventures, and Forerunner Ventures.

Dropoff, a year-old, Austin, Tex.-based on-demand, same-day delivery platform for businesses, has raised $7 million in Series A funding led by Greycroft Partners, with participation from Correlation Ventures, Texas Atlantic Capital, and Wild Basin Investments. More here.

Enigma, a four-year-old, New York-based data discovery and analytics company, has raised $28.2 million in Series B funding led by New Enterprise Associates, with participation from Two Sigma Ventures, New York City Investment Fund, and earlier backers American Express VenturesComcast Ventures and The New York Times Company.

Envoy, a San Francisco, Ca.-based maker of sign-in software for office visitors to register and check-in via an iPad-based system, has raised $15 million in Series A funding from Andreessen Horowitz. The company had previously raised $1.5 million in seed funding from angel investors, including Marc Benioff, Alexis Ohanian, Garry Tan and Semil Shah (a StrictlyVC advisory board member). More here.

eWings, a two-year-old, Berlin-based maker of flight-booking software, has raised $1.2 million in funding led by High-Tech Grunderfonds, with participation from FSF Beteiligungs and Kima Ventures. More here.

Grand Rounds, a four-year-old, San Francisco-based company whose service gives employees access to healthcare advice and treatment from professionals in the U.S. regardless of where they live, is being valued at roughly $750 million as part of a new financing round, according to TechCrunch. The company has so far raised $51 million, shows Crunchbase. Its backers include Harrison MetalVenrock, and Greylock Partners.

Heal, a six-month-old, Santa Monica, Ca.-based startup providing on-demand primary healthcare services (it was cofounded by serial entrepreneur Nick Desai), has raised $5 million in seed funding from Slow Ventures, March Capital, and Pritzker Group.

Jelli, a seven-year-old, San Mateo, Ca.-based platform for the audio advertising market, has raised $21 million in Series B funding from iHeartMediaUniversal Music Group, and earlier backers Relay Ventures, Intel Capital, and First Round Capital.

Koubei, an 11-year-old Hangzhou, China-based “dormant brand” under Alibaba Group Holding, is being revived by Alibaba and its affiliate Ant Financial, which are investing nearly $1 billion in a 50/50 joint venture under the Koubei name that they hope can tap China’s fast-growing local services market. (Instead of on-demand, they call the industry online-to-offline, or O2O.) The WSJ has much more here.

Olapic, a 4.5-year-old, New York-based startup that helps brands leverage user-generated images, has raised $15 million in Series B funding led by Felix Capital, with participation from Unilever Ventures, Fung Capital,Longworth Venture Partners, and serial entrepreneur Michael Lazerow.

OneSource Virtual, a 25-year-old, Irving, Tex.-based company that offers business process cloud-sourcing services, has raised $150 million in new equity funding led by Technology Crossover Ventures, with participation from earlier backer Halyard Capital. More here.

Portworx, a seven-month-old, Redwood City, Ca.-based company that’s creating software-defined infrastructure for “containerized” applications, has raised $8.5 million in funding led by Mayfield Fund.

Senet, a six-year-old, Hudson, N.H.-based network services provider for low-cost, long-range Internet of Things applications, has raised $18 million in Series A funding from investors, including Fisk Ventures, Milestone Venture Partners, City Light Capital, and Harbor Light Capital Partners. More here.

Snowflake, a three-year-old, San Mateo, Ca.-based data warehousing services company, has raised $45 million in Series C funding led by Altimeter Group, with participation from return backers Redpoint Ventures, Sutter Hill Ventures, and Wing Ventures.

Transphorm, an eight-year-old, Goleta, Ca.-based semiconductor company focused on power conversion technology, has raised $70 million in new funding led by KKR, with participation from earlier backers Kleiner Perkins Caufield & Byers, Foundation Capital, Google Ventures, Soros Quantum Strategic Partners, INCJ and Fujitsu.

Uber, the six-year-old, San Francisco-based ride-hailing company, is raising money from Chinese fund manager Hillhouse Capital Group, and the deal nvolves purchasing bonds that will convert into shares at a discount to Uber’s IPO price. The WSJ has the story here.

Yotpo, a four-year-old, Tel Aviv, Israel-based startup that allows companies to generate social reviews for their e-commerce websites or products, has raised $15 million in funding led by Marker, with participation from Innovation Endeavors, Vintage Investment Partners, Blumberg Capital and Access Industries. The company has now raised around $28 million altogether, shows Crunchbase.


New Funds

New Leaf Venture Partners, a 10-year-old, New York-based, early-stage firm focused on life sciences, has raised a $200 million growth equity fund, says VentureWire.

Whitecap Venture Partners, a Toronto-based firm that began as the venture arm of a family office, has held a final close on its third fund, having received $100 million in commitments from its first outside LPs, including Kensington Venture Fund, Bank of Montreal, and several high net-worth families. Whitecap focuses on three verticals: information technology, med tech, and food tech.


Slack founder Stewart Butterfield lashed out at the Wall Street Journal Sunday night, after an editorial in the paper said last week’s killing of nine people at a famous church in Charleston, South Carolina, was caused by a “problem that defies explanation.” Noting that the “problem” is systemic racism, Butterfield wrote in a series of angry tweets that “[a]cknowledging that we still have a very, very long way to go is literally the least anyone could do.”More here.

According to Twitter, there’s no way cofounder Jack Dorsey becomes its permanent CEO unless he quits his other company, Square.

Less than three months into the job as interim chief executive of Jay Z’s Swedish music streaming service, Tidal, Peter Tonstad has been fired. The company, privately owned by Jay Z and a consortium of artists, will be run by executives in New York and Oslo until a new CEO is in place, a company spokesperson tells the WSJ.

Where in the world Uber is hiring, and for what jobs (from our friends at Silk).



Breakout Labs, a Thiel Foundation venture fund, is looking to hire a portfolio manager. A background in science, health care or engineering is a plus. The job is in San Francisco.


Essential Reads

Six massive shifts coming soon to power markets near you.

Same-day delivery company Instacart announced Monday that it had started to reclassify some of its giant workforce as part-time employees. More here.

According to recent market research, Facebook is on track to deliver two thirds as many video views in 2015 as YouTube does — two trillion versus YouTube’s three trillion. VentureBeat has more here.

North Dakota looks poised for a transformation thanks to the burgeoning drone industry.



The difference between a supercar and hypercar (should it come up).

Nine ways to spot a liar.

The town that banned Wi-Fi.


Retail Therapy

The You and Me Ping Pong Table. (You’d probably win some points for using this as a conference table.)

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