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Two venture capital firms just raised huge funds — and plenty of startups grabbed new funding, too. We’ve got the details on those stories in today’s edition funding daily.
Shasta Ventures confirmed that it has raised its fourth fund, and at $300 million, this is its largest to date. This new fund will focus on first and early second rounds, the company told VentureBeat via email. The firm is focusing on connected device technology, software, and consumer businesses. It previously invested in companies such as Nest, Nextdoor, Spiceworks, Lithium, Zuora, Crittercism, Adometry, Flywheel, Mint, Dollar Shave Club, TaskRabbit, and Whisper, among others.
Read the full story on VentureBeat: Shasta confirms new $300M fund
Venture capital firm Greycroft, which made early investments in The Huffington Post, paidContent, and WideOrbit, has closed on its first growth fund at $200 million. Its new fund, Greycroft Growth LP, will continue the firm’s focus on Internet-based companies, but now that it’s investing in later stage companies, the investment sizes will be larger—between $5 million and $15 million.
Read the full story on VentureBeat: Greycroft closes $200M for new growth fund
Puppet Labs, whose tech simplifies the operation of tons of data-center infrastructure, has extended its life by way of a $40 million funding investment announced today. Puppet will continue development on and keep offering support for its software, which targets people who do dev-ops—handling a bit of software development and a bit of operations.
Read the full story on VentureBeat: Devops player Puppet Labs adds $40M with high hopes for growth
Data firm Nimboxx takes $12M
Nimboxx raised $12 million in its first round of funding from Hong Kong-based investment firm SMC Holdings.
Nimboxx also launched its “Atomic unit of the Software-Defined Data Center,” a hyper-scale computing model that brings together servers, storage, networking, and security. It’s also supposed to help legacy data centers to support elastic computing.
Learn more through the company press release.
Latino YouTube network MiTu grabs $10M
MiTu aggregates video content from about 1,200 partners and serves it up to around 400 million YouTube viewers — and Upfront Ventures is bullish on the business. Upfront has led a $10 million funding round in MiTu, the company announced today. Other investors contributed to the round, including the Chernin Group, Advancit Capital, and Machinima chairman Allen DeBevoise. MiTu previously raised $3 million, so the new round brings its total financing to $13 million.
Learn more on Variety.
ProjectManager.com announced it has recently secured $3.5 million in new funding to help fuel the growth of its business in the United States. ProjectManager makes project management software that comes with social, video, mobile, and content tools already built into its platform. This enables folks to collaborate while managing, tracking, and organizing projects.
Read the full story on VentureBeat: You’ve never heard of ProjectManager? Startup gets $3.5M to fix that & expand into the U.S.
Meet Yo, an app whose entire function is to send a “Yo” to your friends—and that’s it. If texting is cooking a meal from scratch, then Yo is getting a single bagel delivered. What’s more, it just bagged $1 million in seed funding from cofounder Moshe Hogeg’s angel fund.
Read the full story on VentureBeat: Yo’s digital nudges are the new ‘pokes’—and possibly the new notifications
Compliant Innovations just secured its first institutional round funding to support growth. The amount was unspecified, but investors include Life Force Ventures and Attractor Ventures. The startup makes surgical app DocSpera, which enables surgeons and their care teams to discuss complex cases, determine preoperative plans, and schedule surgeries, and share case information—including X-rays and videos—with a verified network of colleagues and medical device industry representatives.
Read the full story on VentureBeat: This iPhone app could cut costs & save lives, & major hospitals are already using it