StrictlyVC: June 30, 2016

Hi, everyone! Happy Thursday . . .

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Top News in the A.M.

Oh, boy. Spanish officials raided Google‘s Madrid offices today in a tax probe, barely a month after the company had its headquarters in France searched on suspicion of tax evasion. Reuters has the story here.

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It’s Official: Kleiner Just Pulled Off a $1.4 Billion Fundraise

So much for losing its mojo.

Despite twists and turns in recent years that have sometimes rivaled those of a telenovela, and even with its most famous member, John Doerr, no longer a general partner, Kleiner Perkins has raised two new funds totaling $1.4 billion, show newly processed SEC filings.

The firm’s digital growth fund — its third — has secured $1 billion in commitments. The capital will be managed by Mary Meeker, Ted Schlein, Mood Rowghani and Noah Knauf, who very recently joined Kleiner from Warburg Pincus.

Kleiner’s newest (17th!) early-stage fund, meanwhile, has closed with $400 million in commitments. As you’ve read here recently, Kleiner’s early-stage team now features five general partners: Schlein, Mike Abbott, Eric Feng, Beth Seidenberg and Wen Hsieh.

For those keeping track, in addition to Doerr, Randy Komisar has also stepped back as a general partner. Feng, who we interviewed recently, explained to us that Komisar is now largely coaching Kleiner’s current crop of GPs.

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New Fundings

Care.com, a 10-year-old, publicly traded specialist in helping connect families and caregivers of all stripes, has a new investor; Google Capital said yesterday it has invested $46.35 million in the $278 million company, making it the single biggest shareholder. The New York Times has more here.

Festicket, a four-year-old, London-based startup that lets users book music festival experiences, has raised $6.3 million in Series B funding. Lepe Partners led the round, with participation from existing investors Wellington PartnersPROfounders, and Playfair Capital. TechCrunch has more here.

Jornaya, a five-year-old, Philadelphia, Pa.-based company that makes predictive intelligence tools to help consumer companies better understand their customers, has raised $10 million in Series B funding led by Edison Partners. Jornaya was formerly known as LeadiD. VentureBeat has more here.

Kin Community, a five-year-old, L.A.-based web video company that both produces original content and works with a stable of top digital media creators, has raised $13.5 million in Series D funding led by earlier investor Emil Capital Partners. Other investors in the round include retail giant Tengelmann Group, the Australian firm Allure Media, and earlier investor Corus Entertainment, which is a Canadian TV company. The company has now raised $40.5 million altogether. The WSJ has more here.

Meru Cabs, a nine-year-old, Mumbai, India-based cab service, has raised $25 million in funding from earlier investor Brand Capital. According to TechStory, the company is looking to raise another $75 million to close the round at $100 million. More here.

Morphic Therapeutic, a year-old, Waltham, Ma.-based company that’s developing oral integrin therapies, has raised $51.5 million in Series A funding co-led by SR One and Pfizer Venture Investments. Other participants in the round include Omega Funds, AbbVie Ventures and return bacers Polaris Partners, T.A. Springer, Schrödinger and ShangPharma Investment Group.

OpsGenie, a four-year-old, Falls Church, Va.-based company that makes IT alerting and on-call management software, has raised $10 million in Series A funding from Battery Ventures. More here.

ProducePay, a 1.5-year-old, L.A.-based platform that helps farmers get paid in a timely manner for their crops, has raised $2.5 million in seed funding from Menlo Ventures, Arena Ventures, CoVenture, Red Bear Angels and Social Leverage. TechCrunch has more here.

SmartRecruiters, a nearly three-year-old, San Francisco-based company that makes applicant tracking system and recruiting software, has raised $30 million in Series C funding led by Insight Venture Partners, with participation from Mayfield. More here.

US HealthVest, a three-year-old, New York-based developer and operator of behavioral health facilities (that treat patients for psychiatric issues and substance abuse), has raised $50 million in Series B funding led by Oak HC/FT. Other participants in the round include earlier backers Polaris Partners, F-Prime Capital Partners and US HealthVest founder Richard Kresch. More here.
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New Funds

Shasta Ventures is raising up to $300 million for a fifth fund according to a new SEC filing that lists managing director Jason Pressman and Rob Coneybeer (Coneybeer co-founded Shasta with fellow managing directors Tod Francis and Ravi Mohan in 2004; Pressman joined the following year). Shasta appears to be sticking with its knitting with its new fund. It saw an enormous return when its portfolio company Nest Labs sold to Google for $3.2 billion in early 2014. (Coneybeer talked with StrictlyVC here about how persistence paid off with that Nest bet.) Yet its newest fund is targeting the same amount on which the firm closed exactly two years ago. More here.

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Exits

Move Loot, a three-year-old, San Francisco-based furniture re-sale marketplace, has shut down and sold its customer list to on-demand home services startup Handy for undisclosed terms. Move Loot had raised $21.8 million in funding, shows CrunchBase. Backers include Y Combinator, Google Ventures, Index Ventures, Great Oaks Venture Capital, Sherpa Ventures and Metamorphic Ventures. Handy has meanwhile raised $110 million from investors, shows CrunchBase. TechCrunch has more here.

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People

Ayesha Curry, a chef and wife of basketball superstar Stephen Curry, has cooked up a new food delivery startup called Gather. If she has gathered (haha) capital from investors, she hasn’t announced it yet. More here.

Oculus CEO Brendan Iribe had his Twitter account hacked Wednesday, with the hacker promptly announcing a new CEO for the virtual reality company. More here.

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Data

We don’t know yet if Lyft is raising more money or looking to get acquired, but we do know it hired Qatalyst Partners, so CB Insights went ahead and analyzed who might buy the company and why.

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Essential Reads

How China took center stage in Bitcoin’s civil war.

Why Netflix should release its viewership data.

Walmart is squaring off against Amazon with two-day delivery across the U.S.

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Detours

Five ways to increase your intelligence.

The “Trio to Rio.” For the first time, triplets head to the Olympics to compete.

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Retail Therapy

hen house for high rollers.


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