SAN FRANCISCO — RealtyShares, the online marketplace for real estate investing, connecting accredited investors to real estate investment opportunities nationwide, has obtained a $20 million Series B financing round. The new financing was led by Union Square Ventures, a leading venture capital firm in the financial technology space, with participation from existing investors Menlo Ventures and General Catalyst Partners.
“I am incredibly excited to have one of the foremost VC firms leading this latest financing round,” said Nav Athwal, CEO of RealtyShares. “Very few can match the Fintech acumen of Union Square Ventures, which has led financings for Lending Club, Kickstarter, Funding Circle and CircleUp, as well as other name brands such as Twitter, Zynga, Etsy, Tumblr and Meetup. This financing ensures that RealtyShares will remain a committed and well-capitalized partner to our investors and our sponsor and borrower constituencies.”
CUPERTINO – The city of Cupertino has selected Aerohive Networks to deploy access points, branch routers, and switches to deliver Wi-Fi to its employees and guests.
Cupertino is located 45 miles south of San Francisco and is suburban community known for its excellent public school district and as the home of Apple Inc. With approximately 60,000 residents, the City of Cupertino employs 160 staff. While the City contracts many of its services including police and fire, the City provides many valuable and key services to its residents.
SAN MATEO, CA — GoPro announced agreements to acquire two leading mobile video editing apps Replay and Splice. The acquisitions of Replay and Splice increases the company’s ability to deliver ultra-convenient, yet powerful, mobile editing solutions to GoPro customers and billions of smartphone users.
SAN FRANCISCO — Mainsail Partners, a growth equity firm that invests in bootstrapped companies, said it has successfully raised $384 million for its fourth fund, Mainsail Partners IV, L.P. The oversubscribed fund closed in December and took just over two months to complete. The firm will use the fund to continue its strategy of investing in bootstrapped companies and driving accelerated growth through operational expertise and management support.
SAN FRANCISCO — MasterClass, which offers online classes taught by Kevin Spacey, Dustin Hoffman, Serena Williams, James Patterson and Usher, has raised a $15 million Series B funding round. This latest round is led by New Enterprise Associates, Inc. (NEA) (Partner: Rick Yang) and reveals a previously undisclosed $4.5 million Series A led by Javelin Venture Partners (Partner: Alex Gurevich) and two seed rounds totaling $1.9 million both led by Harrison Metal (Founder: Michael Dearing).
PALO ALTO — Forty Seven Inc., a clinical-stage immuno-oncology company, has completed the first half of a committed $75 million Series A financing round and has licensed the rights to multiple immuno-oncology programs from Stanford University.
The Series A financing was led by Lightspeed Venture Partners and Sutter Hill Ventures with participation from Clarus Ventures and GV (formerly Google Ventures). The license includes rights to over 100 issued or pending U.S. or foreign patents that cover the antibody Hu5F9-G4 and several other novel immune checkpoint inhibitors and cancer-specific antibodies.