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FitBit IPOs on NYSE, Shares Surge 52% Above Initial Offering

In the third largest IPO of 2015 to date, Fitbit Inc. stock opened at $30.40, 52% above its initial public offering price of $20. FitBit raised $732 million, giving the company a valuation of about $4.1 billion. The company captures about 68% of market share for U.S. activity trackers. Fitbit is listed on the New York Stock Exchange under the symbol “FIT".

LaunchDarkly Raises $2.6M to Help Companies Soft-Launch Features

LaunchDarkly’s mission is to help software teams deliver better software, faster. Their feature flags as-a-service product gives every software team the “superpowers” of the engineering teams at Facebook, Amazon, and LinkedIn.

Guildery Raises $2.1 Million For Customizable, Digitally Printed Fabrics And Home Goods

Guildery makes color coordination for home decor easy through digitally printed fabrics made to order. The company offers a wide range (40,000 skus and counting) of designer inspired collections to direct to consumers via and is piloting its wholesale shop-within-a-shop concept with retail partners.

Pandora Buys Next Big Sound to Track Popular Music

Pandora purchased music analytics company Next Big Sound, which tracks every fan interaction across every artist in the world—from social to sales, from purchases to plays. Next Big Sound's capabilities can be applied to brands that advertise on Pandora.

OnboardIQ Raises $1.65M to Streamline the Hiring Process

Building a workforce that can scale with demand is no easy task for on-demand startups (or the traditional companies than now compete with them for labor), so OnboardIQ has raised $1.65 million in seed funding to help smooth out the process.

Chartbeat Raises $15.5 Million To Save Publishers From The “Viewpocalypse”

ChartBeat raised $15.5 million in its latest round of funding. As part of the new funding, the company is coming out with two new tools geared toward improving publishers’ ad revenue with more dynamic advertising placement.

Chariot Raised $3M to Solve Commuting

Chariot provides a safe, reliable, and affordable alternative to public transit, starting with five routes in San Francisco. Today, it provides over 5,000 rides per week and closed a $3M seed round led by SoftTech VC.

Fashion Marketplace Poshmark Raises $25 Million More, Heads To Apple Watch

Three years after launching, women's fashion marketplace Poshmark is on track to double its revenue in just six months this quarter to $200 million in annual sales. With the new funding, company is planning to move into new verticals, including men’s and children’s items, hire more staff, expand internationally into parts of Europe and Asia, and launch on the much anticipated Apple Watch.

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Congrats to @Postmates, Raising $80 Million in Push Toward $1 Deliveries #stvc

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From Our Blog

Huddle’s Andy McLoughlin joins SoftTech VC

All of us at SoftTech are excited to announce that Andy McLoughlin (LinkedIn) will join us as a full-time Venture Partner on April 1st, 2015.

In 2006, Andy co-founded London-based Huddle, an enterprise content collaboration company which has raised over $80M to date. Over the years, he led technology, product, marketing, and strategy, eventually moving to San Francisco in 2010 to establish the company’s US presence.

About five years ago, Andy started his angel investing career. He has built a portfolio of 35+ pre-seed/seed stage investments, mostly in the Saas/B2B space but also covering e-commerce and mobile. He was the very first angel in our own Postmates. His other angel deals include Secret Escapes, Apiary,, Buffer, Intercom, and Pipedrive.

When we spoke to founders he backed, Andy was consistently praised for the quality and relevance of his advice, and the value add he was able to deliver despite having “a day job”. We can’t wait to … Read more »

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