FilterEasy, a membership-based home air filter delivery program being run out of Raleigh, North Carolina, has received $1.2 million in seed financing. The company is being backed by Azure Capital and RTB Capital.
The digital payments space continues to heat up, and Andreessen Horowitz continues to act on its bullish investment thesis regarding the market. The firm was involved with two big payment-related deals today. The first is a $30 million Series A financing of Ripple Labs, according to the Wall Street Journal. Ripple Labs eases the process for corporations of transferring money internationally through a decentralized, Bitcoin-like network. Other investors in the round include Google Ventures and IDG Capital Partners, among others.
Shortly after participating in the largest round of venture financing for a bitcoin company (Coinbase), Andreessen Horowitz is the lead investor in TransferWise, a London-based online currency exchange. A16z was joined in the $58 million round by existing backers IA Ventures, Valar Ventures, Index Ventures, Seedcamp, and Richard Branson. “We are thrilled to be backing [founders] Taavet and Kristo. They discovered an important secret and are are uniquely prepared to pursue it. Not only is their solution 10 times better than the old way of exchanging foreign currency, it could not have come at a better time. We see massive opportunity for new financial institutions like TransferWise,” Ben Horowitz said.
Iora Health, a healthcare and technology company, has raised $28 million in Series C funding from Foundation Medical Partners, Rice Management Company, GE Ventures and Khosla Ventures. Existing investors also participated. The company plans to use the funding for expansion beyond the six states in which it already operates. “The health care industry is undergoing unprecedented change and Iora is one of the true leaders driving that change,” said Michael Greeley, general partner at Foundation Medical Partners in a press release. “Iora’s industry-leading team has created the culture, tools, systems and infrastructure needed to revolutionize health care.”