Transferwise, which facilitates low cost international money transfers, has raised a $25 million Series B round, with renowned investor Peter Thiel’s Valar Ventures and entrepreneur Sir Richard Branson among the new backers of the company. Index Ventures and IA Ventures also participated. The company had previously raised $1.3 million in a first round of funding, led by PayPal founder Max Levchin, and others.
Personal styling platform Stitch Fix has raised around $30 million in a Series C round valuing the company at $300 million pre-money, according to Re/code. The website mails women personalized boxes of clothing that they would potentially like to buy, meaning they don’t have to go to brick and mortar shops to try clothes on.
Visier, a workforce analytics company, has secured a $25.5 million Series C financing round, led by Adams Street Partners. Existing investors Foundation Capital and Summit Partners also participated, and $1.5 million of the funding was raised from friends and family. The company will use the funds to broaden adoption of its cloud-based software.
Identity management service Okta announced it has raised $75 million in a Series E round led by Sequoia Capital. Existing investors Andreessen Horowitz, Greylock Partners, and Khosla Ventures, along with new investors Janus Capital Group and Altimeter Capital all participated in the round. The company plans to use the funds for international expansion. Okta previously raised funds just nine months ago.
Plex Systems a cloud-based ERP for manufacturing companies, has closed a $50 million round of new financing, led by T. Rowe Price. Existing investors Accel Partners also participated. “Manufacturing is moving to the cloud, and the caliber of our investors reflects both Plex’s established leadership and the market opportunity in front of us,” saidJason Blessing, chief executive officer of Plex Systems.
Washio, the on-demand laundry and dry cleaning services app, has raised a $10.5 million round of funding, led by Canaan Partners. Existing investors A Grade Investments, Pejman Mar Ventures, Yahoo co-founder Jerry Yang and Sherpa Ventures all participated. The company has now raised a total of $13 million since it was founded in 2013.
U.K.- based Seatwave, a platform for reselling tickets, has acquired Timbre, a Boston-based mobile app that lets users search for live music and buy tickets to attend shows. Deal terms were not disclosed, but the move appears to signal Seatwave’s intent to move into the ticket market in the U.S.