| ========================================== BAY AREA TECH WIRE -- Oct. 12, 2017 ========================================== http://techservices.rwbaird.com/investment-banking/ o San Francisco-Based Omnyway Raises $12.75 Million in First Round o San Jose-Based Restoration Robotics Prices IPO, Shares Spike 40% o Oakland-Based Mynd Raises Additional $5 Million in Funding > Baird - A Global Leader in Technology Banking o Briefly Noted: Scale Venture Partners, 8x8, TiVo, OFX Group _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Baird - A Global Technology Investment Banking --Campaigns & Marketing Summit - DC - Nov. 13 Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com _____________________________________________ o San Francisco-Based Omnyway Raises $12.75 Million in First Round San Francisco -- Omnyway, the San Francisco-based developer of an augmented digital commerce platform, said on Thursday it has raised $12.75 million in its first round of funding, which the company will use to grow its operations, launch new services and expand its customer base. Participants included Nyca, CommerzVentures and CEFIF, with participation from Commerce Ventures, Industry Ventures and others. "This investment puts us in a great position to build on growth and continue innovating on today's fundamentally different retail experience," said CEO Ashok Narasimhan. In addition to its digital platform, Omnyway recently launched its Zapbuy service for retailers, brands and financial institutions. Zapbuy allows consumers to buy items directly from ads with one click of the ad. http://www.omnyway.com http://www.prnewswire.com/news-releases/omnyway-completes-1275m-in-series-a-funding-to-fuel-global-growth-300535675.html _____________________________________________ o San Jose-Based Restoration Robotics Prices IPO, Shares Spike 42% San Jose, Calif. -- Shares of San Jose-based Restoration Robotics spiked nearly 42% on Thursday, hours after the developer of a robotic hair restoration system raised $25 million in its initial public offering (IPO). The company late Wednesday priced 3.575 million shares at $7 each -- the low end of its expected range of $7-$9. Its stock began trading Thursday morning on the NASDAQ Global Market under the ticker symbol, "HAIR." By the close of trading, shares stood at $9.92. Restoration Robotics said its ARTAS System is the first and only physician-assisted system to dissect and assist in the harvesting of hair directly from the scalp. The system, which utilizes machine vision, image guidance, visual servoing and robotics, then uses proprietary algorithms to create recipient implant sites. http://www.restorationrobotics.com/ http://www.restorationrobotics.com/restoration-robotics-inc-announces-pricing-of-initial-public-offering/ _____________________________________________ o San Francisco-Based Spruce Biosciences Raises $20 Million, Hires Executives San Francisco -- Spruce Biosciences, a San Francisco-based biotechnology company developing therapies for rare endocrine disorders, on Thursday disclosed that it raised $20 million in its first round of funding last year, led by Novo Holdings. RiverVest Venture Partners also contributed to the round, which the company is using to expand its leadership team and advance its lead product candidate, SPR001, into advanced clinical trials. Earlier this year, the company named Mike Grey as executive chairman and Michael Huang as chief medical officer. "Our investors were attracted to our novel small molecule drug candidate because it has a clinically-verified mechanism of action with the potential to improve hormone levels, reduce steroid use and greatly enhance quality of life for patients that have been traditionally underserved," said co-founder and CEO Alexis Howerton. Tiba Aynechi of Novo and Niall O'Donnell of RiverVest have joined the company's board of directors. https://www.sprucebiosciences.com http://www.prnewswire.com/news-releases/spruce-biosciences-provides-corporate-update-on-series-a-venture-financing-leadership-team-and-lead-clinical-program-300535279.html _____________________________________________ o Oakland-Based Mynd Raises Additional $5 Million in Funding Oakland -- Mynd, the Oakland-based developer of a real-time data management platform and mobile app, said on Thursday it has raised an additional $5 million in funding, led by Lightspeed Ventures. Canaan Partners and Jackson Square Ventures also participated, as well as Barry Sternlicht, the chairman and CEO of Starwood Capital Group. The company now has raised $15.6 million since its inception. Mynd's platform provides full-service property management for residential buildings, 50 units and smaller. "With this additional capital from our investment partners, we will continue our rapid expansion into new markets with a continued focus on delivering a better service to property owners and their residents," said Colin Wiel, the company's chairman and chief technology officer (CTO). Mynd's portfolio of more than 1,100 units began in the Bay Area, and has extended into the San Diego market with the acquisition of Pacific Shore Management. https://www.mynd.co https://www.mynd.co/press/mynd-secures-additional5mm _____________________________________________ |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| > Baird - A Global Leader in Technology Banking Baird's Global Technology & Services Investment Banking team delivers insightful, value-added services and expertise to middle-market clients across a broad range of sector verticals. We combine deep sector knowledge, an expansive relationship network, and premier M&A and capital-raising capabilities to help companies pursue growth plans or consider strategic alternatives. Access the advantages of Baird's global Technology banking capabilities. Learn more at: http://techservices.rwbaird.com/investment-banking/ |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| _____________________________________________ o Briefly Noted: (Foster City, Calif.) Foster City-based venture capital firm Scale Venture Partners said on Thursday it has promoted Alexander Niehenke to partner, Susan Liu to principal and Jeremy Kauffmann to senior associate. Niehenke has been at the firm since 2013, investing in SaaS business applications with a focus on fintech and vertical SaaS. https://www.scalevp.com/blog/scale-venture-partners-promotes-alexander-niehenke-to-partner (San Jose, Calif.) San Jose-based 8x8, a developer of unified communications products, said on Thursday it has hired three new marketing executives. The company has named Milan Martin as its vice president of global brand and marketing communications, Lynn Porterfield as its vice president of U.S. midmarket demand generation and Anders Unosson as its vice president of marketing optimization. https://www.8x8.com/ http://www.businesswire.com/news/home/20171012005383/en/8x8-Hires-Marketing-Industry-Leaders-Accelerate-Global (San Jose, Calif.) San Jose-based TiVo, the developer of digital video recorders and programming services, on Thursday named Marc Ehrlich as its senior vice president of patent strategy. Ehrlich most recently served as associate general counsel at IBM, where he led the patent licensing and business development legal team responsible for generating IP income http://pr.tivo.com/file/4206196/Index?KeyFile=390621478 (San Francisco) Australia's OFX Group, developer of an online and mobile alternative to existing currency exchange services, has named Mike Kennedy as its president or North America, based in San Francisco. Kennedy previously co-founded and led digital payments platform clearXchange, which he sold in early 2016 to Early Warning. https://www.ofx.com http://www.businesswire.com/news/home/20171012005336/en/OFX-Hires-Mike-Kennedy-President-North-America =================================================== Job/Event/Services Listings: =================================================== To Post in Job/Event/Marketplace: http://www.bayareatechwire.com 7,000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300 > Baird - A Global Leader in Technology Banking Baird's Global Technology & Services Investment Banking team delivers insightful, value-added services and expertise to middle-market clients across a broad range of sector verticals. We combine deep sector knowledge, an expansive relationship network, and premier M&A and capital-raising capabilities to help companies pursue growth plans or consider strategic alternatives. Access the advantages of Baird's global Technology banking capabilities. Learn more at: http://techservices.rwbaird.com/investment-banking/ _____________________________________________ > Advertising on Bay Area Tech Wire Post jobs, events, webinars, whitepapers or service ads on Bay Area Tech Wire and grow your business. Reach more than 7,000 business and technology professionals from the Bay Area. http://www.bayareatechwire.com/ =================================================== Subscribe to other newsletters from Tech Wire Media Group: Potomac Tech Wire: http://www.potomactechwire.com Bay Area Tech Wire: http://www.bayareatechwire.com Advertising: If you are interested in advertising in our newsletters, call Paul Sherman at 1-301-656-0057 x1103 or send email to paul@techwiremedia.com News tips, press releases. Send email to: editorial@bayareatechwire.com Tech Wire Mailing Address: P.O. Box 15180 Washington, DC 20003 Copyright: CapWire Inc. 2017
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Thursday, October 12, 2017
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