Series A
Radar product company Echodyne Corp. has attracted $15 million in Series A funding led by Bill Gates and Madrona Venture Group. Vulcan Capital, Lux Capital, The Kresge Foundation and others also participated. The company will now bring to market its radar products which are based on metamaterials technology. “The launch of Echodyne is an exciting new proof point for our Metamaterials Commercialization Center, and IV will continue to invest accordingly in this very promising space,” said Nathan Myhrvold, CEO of Intellectual Ventures. “I cannot imagine a better founding team for Echodyne than Eben – a leader who’s earned my utmost trust and respect, and Tom – a gifted technologist steeped in metamaterials.”
Series C
Food technology company Hampton Creek has raised $90 million in Series C funding led by Horizon Ventures and Khosla Ventures, according to reports. The startup is valued at $190 million pre-money, and brings the total the company has raised to $120 million. Hampton Creek sells food products such as cookies, mayonnaise spread which it claims is healthier and better tasting than other products.
Series D
Skytap, which helps developers develop software more efficiently, has secured $35 million in Series D funding led by Insight Venture Partners. Previous backers including OpenView Venture Partners, Ignition Partners, Madrona Venture Group, and Washington Research Foundation all participated. The company will use the money to secure more partners and for product development. Skytap provides development and test environments for enterprise customers. “Insight Venture Partners is widely regarded for its investments in pioneering technology companies such as Docker and New Relic,” said Thor Culverhouse, CEO of Skytap. “Much like these companies, Skytap is disrupting its market and changing the way enterprises approach software development. We see a huge market opportunity ahead of us and believe our relationship with Insight will be instrumental in accelerating our global growth.”
Funding
Bustle, an online publication for women, has raised $15.5 million in a financing round led by General Catalyst Partners. Business Insider reported that the website, launched in August 2013, now has 20 million monthly readers. The company has raised $27 million to date.