The Xconomy SF Six: Funding for Udemy, Optimizely, & More
Here are the top six things we’re paying attention to in the San Francisco tech scene this week.
–Yesterday, online teaching marketplace Udemy announced a $32 million Series C round, bringing its total funding to $48 million. Investors include Norwest Venture Partners (NVP), Insight Venture Partners and MHS Capital. The company plans to use the funds to grow its international presence and expand its content library.
–A/B testing startup Optimizely announced a $57 million Series B round earlier this week, led by Andreessen Horowitz with participation by Benchmark Capital and Bain Capital Ventures. The company plans to expand its workforce from a team of 175 to 250 by the end of 2014.
–Over in Oakland, paper bottle maker Ecologic Brands announced it has closed a $7 million round from Kruger, DBL Investors, Catamount Ventures, Black Bear Partners, and angel investors. The deal with Kruger makes the company the exclusive licensee and manufacturer of Ecologic’s technology in Canada.
–Turner Broadcasting System announced five new companies for its San Francisco Media Camp accelerator, including one that promises a personalized newscast experience. Demo day will be held July 17.
—LifeMap Solutions, a spinoff of Alameda’s BioTime, has raised $5 million in seed funding. The mobile health startup will partner with the Icahn School of Medicine at Mount Sinai in New York to develop a cloud-based operating system that integrates patients’ genomic information with other personal health data.