Livongo raises $53M for digital health
Livongo, a Silicon Valley-based provider of digital health tools for managing diabetes and other chronic conditions, announced that it has raised $52.5 million in a growth round led by General Catalyst and international investment company Kinnevik.
ModCloth, an online women’s clothing retailer known for quirky, vintage-inspired clothes, is being acquired by Walmart-owned e-commerce provider Jet.com, news site Jezebel.com reported. The purchase price wasn’t disclosed for ModCloth, a 15-year-old company that previously raised about $80 million in venture funding.
Biomatics Capital raises $200M VC fund
Biomatics Capital Partners, a Seattle-based venture capital firm focused on healthcare technology, announced the closing of an initial fund of $200 million. The firm plans to invest in 15 to 20 companies with the fund, acting as Series A lead investor in a majority of the deals.
Startups still vie for messaging riches
Messaging startups are still raising funding, with over $300 million going into the space in the past year, according to a Crunchbase analysis. Yet round sizes indicate investors aren’t expecting the next Snap among the current startup crop. Still, a few investment themes appear in vogue, including apps with added layers of confidentiality and revenue-driving add-ons.
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