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Chime raises $18 million for mobile banking without the fees

| September 27, 2017

It’s a bank account and debit card built for the digital age.

Chime is raising $18 million in Series B financing for its mobile-first approach to banking. Cathay Innovation led the round with participation from Northwestern Mutual Future Ventures, Crosslink Capital, Forerunner Ventures, Homebrew and others.

Without monthly fees or overdraft charges, Chime tries to appeal to the millennial generation, touting its affordability and easy-to-use app. Since launching in 2014, Chime has signed up 500,000 customers, who are typically in their late 20s and making between $50,000 and $70,000 per year. Read rest here.

Announcing our Investment in Descartes Labs

| August 25, 2017

With the introduction of low cost shoebox-sized cube satellites and the public release of government-funded satellite imagery over the web together has created a surge in new images of our planet coming online. This rapid growth of satellite image datasets has occurred in tandem with the scale-out potential of cloud infrastructure, which forms the basis for a novel opportunity in geospatial analytics. Descartes Labs, led by CEO Mark Johnson, is a Crosslink portfolio company based in New Mexico taking advantage of this massive data opportunity by building predictive models for organizations to make better business decisions. Read rest here.

AutoFi Raises $10 Million Series A To Make It Easier To Get A Car Loan

| August 24, 2017

AutoFi has raised $10 million in its quest to make it easier to take out a car loan.

The San Francisco-based financial technology company said on Thursday it has completed a Series A funding round, with investors including Crosslink Capital, Ford Motor Credit Company and Lerer Hippeau Ventures.

AutoFi makes a white-label technology platform that allows car dealers to offer faster, online financing to customers. It recently partnered with Ford’s financing arm, Motor Credit, and its technology is being introduced at select Ford and Lincoln dealerships. Read rest here.

Descartes Labs Raises $30 Million to Better Understand Earth with AI

| August 24, 2017

Descartes Labs, a company that provides information about Earth derived from satellite imagery, announced today that it raised $30 million in a series B round led by LA-based March Capital. Crosslink Capital, Cultivian Sandbox, and other investors who previously provided funding to Descartes also participated. Cargill, an agricultural conglomerate that is also one of the company’s customers, joined the round as well.

The funding will allow Descartes, which takes in tons of satellite imagery and processes it to help businesses make decisions and generate predictive models, to grow its business and tackle new data sources. Read rest here.

Announcing our Investment in Phil

| August 24, 2017

Filling prescriptions is a pain point for countless consumers, especially for those with recurring medication needs that live outside of urban areas. Consumers experience long wait times and often leave the pharmacy empty-handed. The large chain pharmacies’ business models are predicated on having consumers wait for their prescriptions and peruse the other aisles for razors, candy, gift cards, etc. There’s a reason the pharmacy is always in the back of the store!

As was announced last week, Crosslink led Phil’s Series A investment in Phil alongside our friends at ENIAC and SoftTech. Read rest here.

Phil Accelerates Growth with National Expansion and $10M Series A Funding

| August 16, 2017

Crosslink Capital led round, advancing Phil’s disruption of traditional prescription management.

SAN FRANCISCO–(BUSINESS WIRE)–Phil Inc., an end-to-end prescription management and delivery service connecting patients with local pharmacies, announced today its national expansion following its recent $10M funding round close led by Crosslink Capital. Other investors include Eniac Ventures, Softtech VC, Forerunner Ventures, SV Angel, Silicon Valley Bank, and Transmedia Capital. Top-rated, independent pharmacies in all major states are now part of Phil’s fast-growing network, which since November 2016 has grown to cover 95 percent of the U.S. population.

Phil’s alternative to traditional pharmaceutical management aims to solve the problem of drug adherence, which drives between $100B and $300B in unnecessary medical costs in the U.S. each year. Read rest here.

Millennial Dad Site Fatherly Raises $4 Million to Expand Into Video and Events

| August 7, 2017

Fatherly, a New York City-based media startup, has raised $4 million in venture funding from BDMI, the investment arm of media company Bertelsmann, and talent agency UTA.

 The company plans to use the money to expand the scope of its content, launch a podcast, develop original video series, and expand internationally in the next 18 months. The company has created franchises like 940 Weekends, a reference to the number of weekends dads have to spend with their kids between birth and age 18; My Father The…, a series of interviews with children of famous men, and the Father of the Year awards, which it hopes will lead to more events. Michael Rothman, the company’s CEO, says the strategic expertise from UTA and BDMI will be key to accomplishing Fatherly’s goals. Read the rest here.

Crosslink Capital leads $10.1 mln round for Molekule

| July 21, 2017

Today Molekule, the company behind the only molecular air purifier proven to destroy indoor pollutants, announces $10.1 million in Series A funding. Led by Crosslink Capital with participation from SoftTech VC, Translink Capital, and Foxconn, the round will be used to scale production, expand its team, and build out the product pipeline. Molekule is also announcing the device’s availability to the general public.

Our air quality is rapidly declining due to increasing industrialization and other environmental factors. While unhealthy for everyone, for the one in four allergy and asthma sufferers in the U.S., poor air quality can be debilitating — particularly since climate change and rising levels of pollution are shown to worsen such symptoms. Read the rest here.

BabyBjorn, Fatherly Feature Trans Dad In Video

| July 21, 2017

BabyBjörn is launching a parenting video starring a trans dad.

As part of BabyBjörn’s #Dadstories campaign, the video highlights its limited-edition collection, which is inspired by and designed for modern dads.

The series, co-sponsored by parenting resource Fatherly, features real dads and their children. This installment follows S. Leigh Thompson-Shealy and his son as they prepare for a day out utilizing the Baby Carrier One. Read the rest here.

Announcing our Investment in FairClaims

| July 19, 2017

Technology is transforming business-to-customer interactions almost everywhere you look. The process of submitting and managing dispute claims has been largely unchanged over the last half century. It’s painful, time consuming, and very manual for all parties involved. FairClaims aims to modernize how businesses manage and resolve customer disputes.

As TechCrunch covered earlier this week, we co-led the seed round in FairClaims with our friends at Fika Ventures. FairClaims provides simple, but effective dispute resolution to the ever increasing number of online transacting platforms, starting with marketplaces. Read the rest here.

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