Munchery, a fast food delivery company specializing in microwaveable meals, is close to an $85 million financing round valuing the company at $300 million, The Wall Street Journal reports. Menlo Ventures and Sherpa Ventures are said to be involved in the deal with the San Francisco-based startup. Munchery offers gourmet food delivered within a 20 to 40 minute window.
FruitDay, a China-based fresh produce e-retailer, has completed a $70 million Series C funding round led by JD.com. Other investors included Susquehanna International Group (SIG) and ClearVue. The company will use the funds for infrastructure construction, recruitment and to strengthen its supply chain system. “For over six years, FruitDay’s dedication to providing Chinese consumers with the best possible experience shopping for fresh produce online has helped us become the clear leader in this fast growing vertical,” said FruitDay founder and CEO Wei Wang. “The financing announced today will allow us to continue strengthening FruitDay’s market leadership as we build a world-class management team and further expand our cold chain logistics and upstream supply chain capabilities.
Converged data management company Rubrik has secured $41 million in Series B funding led by Greylock Partners. Lightspeed Venture Partners and existing angel investors also participated in the round. “We partner with world-class teams building category-defining companies in large markets,” said Asheem Chandna, Partner, Greylock Partners. “Rubrik is a game-changing company that radically simplifies data management, and has the potential to redefine the backup and recovery markets.” As part of the investment, Mr. Chandna has joined Rubrik’s board of directors. Greylock’s enterprise investments include Data Domain, Docker, Legato, Palo Alto Networks, Pure Storage and Workday.
Granify, an e-commerce revenue optimization startup, has announced $9 million in Series A funding led by Valar Ventures. The company’s technology automatically predicts in real time which online shoppers are not going to make a purchase and attempts to overcome their objections before they leave the site. “We’ve been tracking Granify for the past couple of years and have been impressed with the way they’ve nailed product-market fit,” said James Fitzgerald, a partner at Valar Ventures. “With this current round of funding, the company is positioned to bring its proven conversion tools to the world’s largest e-commerce businesses.”