Term Sheet — Friday, December 16

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No column today, as I’m wrapping up some magazine duties. Today’s links section is extra-long to tide you over. Have a great weekend.


 Verizon asking for “major concessions” after Yahoo hack.

 La Guardia, still the worst.

 Layoffs at UBS.

 GM testing self-driving cars in Michigan. Verizon’s plan for more media deals.

 Behind Sky-Fox.

 Breaking the Dow record.

 The secrets of compulsion.

 Spain to ditch the siesta.


Palantir shares are up thanks to Trump. Github is spending a lot of money. Flipagram for sale. What was said in the Trump meeting, and Safra joins the transition team. Turmoil at Faraday Future.

A Roomba for your lawn. The Obama economy’s unfinished business. Amazon secretly building a self-driving trucking app. The 72-year-old cybersecurity “whiz kid.”

Banking beyond M&A. “Recessions are therapeutic.” American Idol lenders sue Apollo. Oreo buyout? 3G Capital’s buying mood. The problem with AI hype. Stress-tracker stress. The right to complain on Yelp. That Vanity Fair review.


Memebox, a San Francisco-based e-commerce company focused on Korean cosmetics, raised $60 million in a Series C extension from existing investors Goodwater Capital, Altos Ventures, Cowboy Ventures, Mousse Partners, Formation Group, Funders Club, Pear Ventures, Cota Capital, and Janet Gurwitch, among others.

Databricks, a San Francisco-based provider of software for big data processing, raised $60 million in Series C funding. New Enterprise Associates led the round, with participation from existing investor Andreessen Horowitz.

Personal Capital, a San Francisco digital wealth management firm, raised an additional $25 million in Series E funding from IGM Financial, closing the round at $75 million.

One, a Folsom, Calif. provider of cloud-based software for insurance companies, raised $20 million in Series B funding. AXA Strategic Ventures led the round, with participation from MassMutual Ventures and current investor H&Q Asia Pacific.

Cota, a New York City-based healthcare informatics and analytics company, raised $18 million in new funding from Boston Millennia Partners and other investors. As part of the deal, Boston Millennia Partners partner A. Dana Callow Jr. is joining Cota’s board of directors.

HyperScience, a New York City-based company developing artificial intelligence technology for data entry and processing, raised $18 million in Series A funding from FirstMark Capital and Felicis Ventures.

EverCompliant, an Israeli cyber intelligence company, raised $9.5 million in new funding round, according to Reuters. Arbor Ventures led the round, with participation from existing investors Carmel Ventures, StarFarm Ventures, and Nyca Partners. Read more.

Wyre, a San Francisco-based money transfer company, raised $5.8 million in Series A funding. Amphora Capital led the round, with participation from Digital Currency Group, Draper Associates, and other investors.

BrainCo, a Somerville, Mass.-based company specializing in wearable devices that help people improve their attention level and working efficiency, raised $5.5 million in new funding. Boston Angel Club, Han Tan Capital, and Wandai Capital led the round.

Oncorus, a Cambridge, Mass.-based biotech company developing cancer treatments, raised $4 million from Astellas Venture Management in additional Series A funding.

ExplainEverything, a Polish company building collaboration tools for students and teachers on tablets, raised $3.7 million in funding from Credo, RTA, and NEV, according to TechCrunch. Read more.

Jumptastic, a U.K. trampoline park company, raised £3 million ($3.7 million) in funding from Calculus Capital.

Grab Green, a Camarillo, Calif.-based provider of eco-friendly household products, raised $2.5 million in new funding from Stoneway Capital.

Leasify, a Swedish website for comparing leases on anything, raised €1.5 million ($1.6 million) in funding from SEB Ventures, NFT Ventures, and Daniel Andersson, according to Tech.eu. Read more.

Flo, a San Francisco-based menstrual cycle tracking app, raised $1 million in seed funding. Flint Capital led the round, with participation from the Haxus Venture Fund.

FlixBus, a Munich-based travel technology company, has raised a financing of undisclosed size from Silver Lake, alongside existing investors General Atlantic, Holtzbrinck Ventures and Daimler.

iCapital Network, a New York City-based platform that connects investors with private equity fund managers, raised an undisclosed amount of funding. BlackRock (NYSE: BLK) led the round.


General Atlantic has acquired a majority stake in Hemnet, a Swedish online platform for real estate classifieds.

Kieffer Holding Co., a Lincolnshire, Ill.-based company that manufactures and installs signs backed by Northstar Capital, has acquired Starlite Sign, a Denton, Texas-based manufacturer of electric signs. The deal value was not set.


ideaForge, a Mumbai-based startup developing compact drones, raised an undisclosed amount of funding from Infosys (NSEI:INFY), according to Quartz. Read more.

Verizon (NYSE:VZ) is attempting to negotiate better terms in its acquisition of Yahoo’s (NasdaqGS:YHOO) core internet business, following revelations that a data breach affected more than 1 billion of the company’s users. Verizon agreed to purchase Yahoo’s internet business for $4.8 billion in July. Read more at Fortune.


Trivago, a Dusseldorf, Germany-based hotel search aggregator held by Expedia (NasdaqGS:EXPE), raised $287 million in its IPO. The company priced 26.1 million depositary shares at $11, below its expected range of $13 to $15. It will trade on the Nasdaq under the symbol TRVG. Read more at Fortune.


Unilever (LSE:ULVR) has agreed to acquire Living Proof, a Cambridge, Mass.-based manufacturer of hair care products. Living Proof raised $53 million from investors including Polaris Partners.

Salesforce has acquired a Twin Prime, a Redwood City, Calif.-based startup that helps improve the performance of mobile apps. Twin Prime raised $9.5 million from investors including Draper Fisher Jurvetson, Milliways Ventures, and True Ventures. Terms were not disclosed.

Placemeter, a New York City-based urban intelligence platform, has been acquired by Netgear Arlo, a maker of smart home products. Placemeter raised $9.4 million from investors including New Enterprise Associates and Techstars.


Global Logistic Properties (SGX:MC0) has established a $1.5 billion U.S. fund aimed at buying U.S. logistic assets, according to the Wall Street Journal. Read more.

SJF Ventures, a Durham, N.C.-based venture capital firm, raised $125 million for its fourth fund.

GenBridge Capital, a new venture capital firm registered in the Caymen Islands, has set out to raise $500 million for its first fund, according to an SEC filing.

NextView Ventures, a Boston-based seed-stage venture capital firm, plans to raise $50 million for its third fund, according to an SEC filing.


Kimberley J. Kaplan-Gross has joined Choate, Hall & Stewart as a partner in the private equity department. She was previously at Cooley where she founded the Boston office’s fund formation practice and was a partner.

Fabio Villegas has joined General Atlantic as a special advisor to the firm’s operations in Colombia. Villegas is the former chief executive officer and current president of Decameron.



Term Sheet is produced by Laura Entis and Kia Kokalitcheva. Submit deal items here.

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