RealtyShares Raises $28M Series C Round
RealtyShares, an online marketplace for real estate investing, has raised $28 million in Series C financing. “In a few short years we’ve developed a thriving marketplace, giving developers a fast and flexible capital source, while offering individual and institutional investors unprecedented access to high quality investments,” said RealtyShares founder and CEO Nav Athwal. “Middle-market commercial real estate comprises the majority of commercial real estate transactions, but it’s one of the last frontiers to be disrupted by technology. The new partners we’re bringing on in this round have significant experience transforming old industries, and can help us deepen our focus on the severely underserved commercial financing market.” The startup has now raised $60 million in capital. Over the last six months, RealtyShares has assembled the infrastructure to transform the commercial financing market. The purchase of rival Acquire Real Estate and a partnership with leading residential lender Lima One Capital has set the stage for RealtyShares to help permanently shift the way real estate is investing is handled in both the online and offline worlds, it said.
Aviation Opportunities in India
The U.S. Trade and Development Agency signed a grant with the Airports Authority of India, supporting a 20-year master plan to sustainably expand the operational capacities of the Kolkata and Lucknow International airports. AAI selected Cincinnati-based Landrum & Brown to conduct the master planning, which will incorporate sustainable and environmental best practices, to accommodate the anticipated increase in demand at two of the fastest growing airports in AAI's network. “We are pleased to support this important project that will support India’s rapid aviation growth, while connecting U.S. businesses with new export opportunities,” said Thomas R. Hardy, USTDA’s acting director. “L&B is very happy to have been selected to support the USTDA and the Airports Authority of India with this important project that will continue to expand on the great relationship the United States and India share in the aviation industry,” said Mark A. Perryman, L&B CEO. Under the U.S.-India Aviation Cooperation Program, USTDA has supported a number of similar activities supporting the country’s growing aviation market. This project will advance India’s priorities of expanding capacity at two of the busiest airports in the country.
GoodWeave Teams Up with Grund America
Grund America has joined with GoodWeave to support its ongoing work to combat child labor in global supply chains. Grund's first collection of GoodWeave certified rugs is the Charleston series. The handmade Charleston bath rug, a durable looped construction, has a reversible design and is made of 100 percent GOTS Certified Organic Cotton. The GOTS certification means the process is monitored from cotton field to production to assure that both environmental standards are met and the community of cultivation is treated with respect. “The GoodWeave certification is an additional assurance that Grund America can communicate that it takes responsibility for what it produces,” says Jiri Grund, Grund CEO. The GoodWeave label provides customers with the best assurance that the rug was made free of child labor. The launch of the Charleston bath rug, Grund added, "reminds us that one small product can change lives, produce joy and radiate something great.”
Cloudleaf Secures $13M Series A Funding
Cloudleaf, a Silicon Valley enterprise IoT startup, has secured a $13 million Series A funding from IndusAge Partners, Bold Capital Partners, Tandem Capital, Mahindra Partners and other seasoned angel investors. This funding will power Cloudleaf’s innovation in IoT and bring its patented Sensor Fabric to market, enabling customers to easily digitize their enterprise operations. Sensor Fabric is a mesh of intelligent IoT sensors, endpoints, gateways and cloud technologies. Each asset in the Sensor Fabric generates a unique digital fingerprint with location and contextual metadata. “We are excited to have these leading investors on board. This round of funding will enable us to drive continuous innovation and establish key partnerships,” said Mahesh Veerina, president and CEO of Cloudleaf. “Customers love the quick time-to-value of our technology and we are pleased with the rapid traction in the market."
HealthRhythms Inc. Awarded $2.1M from NIH
HealthRhythms Inc., a digital health company that provides automatic assessment of behavioral health to healthcare providers, pharma and clinical researchers, has been awarded a $2.1 million Small Business Innovation Research grant by the National Institutes of Health. They received the grant to develop and validate an automated recommendation engine that delivers highly personalized and context specific behavior change suggestions to patients with depression and anxiety. This funding will expand the company’s behavior analytics to create a mobile app that functions like a highly skilled therapist who tailors treatment to each patient’s needs. HealthRhythms’ new technology will use sensed data to make behavior change suggestions that fit patients’ routines and lifestyle. This lifestyle tuning helps patients and clinicians understand not just what behaviors to change but how to achieve these changes. HealthRhythms’ CEO Tanzeem Choudhury has already shown that this method can help smartphone users with problems like weight control. “More than half of those with depression – the leading cause of disability worldwide — don’t receive effective help. HealthRhythms wants to change that by making tracking behavioral health as easy as tracking steps,” she said.
Minio Secures $20M Series A Funding
Minio, a provider of open source object storage for cloud-native and containerized applications, announced a $20M in Series A funding. Funding will be allocated to accelerating product development, company growth and keeping pace with rapidly growing industry demand. The company also announced its multi-cloud object storage offering, bringing Amazon S3 compatible object APIs to all cloud-native environments. “Emerging trends like AI, IoT and 5G will further accelerate the massive explosion of data taking place today,” said Anand Babu Periasamy, co-founder and CEO of Minio. “With such an influx, multi-cloud and standardization of the infrastructure stack is inevitable. We’re thrilled to be pushing the industry forward with support for multi-cloud, and welcome our newest investors as we continue to innovate and meet growing market demand.”