Ipsy, a startup selling monthly subscriptions to bags of beauty products, has raised $100 million in Series B funding from TPG Growth and Sherpa Capital. The company, which was founded by YouTube celebrity Michelle Phan, is reportedly valued at around $800 million, Fortune reports. Ipsy goes up against Birchbox, a similar startup which has raised $72 million in venture capital to date. Until this mega-round, Ipsy had only raised around $3 million in traditional funding.
Resistive Ram (RRAM) technology provider Crossbar, has closed a $35 million Series D funding round. Tyche Partners, Oriza Holdings and Cheerful Link joined the company’s previous investors in the round. Crossbar has now raised a total of $85 million. “The future of electronics innovation rests largely on new developments in memory technology,” said George Minassian, CEO and Co-Founder, Crossbar Inc. “Crossbar RRAM has been enthusiastically embraced as the leading contender to replace aging non-volatile memory due to its manufacturability and scalability for a broad variety of applications. This latest round of funding will enable us to take the next crucial steps in bringing our technology to market.”
Networking startup Plexxi has raised $35 million in financing. The round was led by an unnamed new investor, with participation from existing backers Lightspeed Venture Partners, Matrix Partners and North Bridge Venture Partners. “We are experiencing a generational shift to a new era of IT in which applications and data are rapidly increasing demand for a new agile and scale-out networking architecture,” said Rich Napolitano, CEO of Plexxi. “Plexxi represents a transformative converged networking and application-centric approach to traditional legacy networking. 2015 has been a record-breaking year for Plexxi as we gain a foothold in federal, financial services, education and service providers markets here in the United States and around the world.” The company has now raised a total of $83 million.
India-based used vehicles marketplace CredR has raised $15 million in Series A funding from Eight Roads Ventures. The money will be used to expand CredR’s reach across 20 Indian cities. The company’s marketplace focuses on used two-wheeler vehicles and was founded in 2014.