• IPO Delay Day: Three companies that were viewed as near-term IPO candidates have put their plans on hold due to management shakeups:
• Q&A: Ellen Pao was a relative unknown in Silicon Valley until May 2012, when she sued her employer, legendary venture capital firm Kleiner Perkins Caufield & Byers, for gender discrimination and retaliation. That complaint and the ensuing trial — which she lost — turned Pao into a household name and helped bring the issue of tech industry sexism out of the shadows.
Pao has now written a book about her life, the trial and its aftermath. It's called Reset, and hits shelves next Tuesday (we'll publish a full review on Monday). We spoke recently about why she wrote the book, initial reactions to her complaint and her current thoughts about Kleiner Perkins. The quick read (full Q&A here):
• Update: Last week we reported that personal genetics company 23andMe was raising over $200 million at a $1.5 billion pre-money valuation. The company this morning announced the deal: $250 million led by Sequoia Capital, with Sequoia partner Roelof Botha joining the board of directors. Other participants include Euclidean Capital, Altimeter Capital, the Wallenberg Foundation and return backers Fidelity and Casdin Capital.
BigBasket, an India-based online grocery, reportedly is in the final stages of raising $280 million in Series E funding at a pre-money valuation of around $600 million. Alibaba Group and Paytm Mall would co-lead the round, to be joined by return backers Sands Capital and The Abraaj Group.
• Lesara, a Berlin-based fashion and lifestyle e-commerce company, has raised $40 million in new VC funding. No investors were disclosed. www.lesara.com
• SendInBlue, a Seattle-based digital marketing suite for small businesses, has raised $36 million in Series A funding from Partech Ventures. www.sendinblue.com
🚑 Wellem, a Chinese pediatric clinic chain, has raised $30 million in Series B funding led by GTJA Investment Group. http://axios.link/wHKw
🚑 Ieso Digital Health, a UK-based provider of digitally-delivered behavioral health solutions, has raised $24 million in new VC funding from Draper Esprit and Touchstone Innovations. www.iesohealth.com
• Aria Systems, a San Francisco-based startup that helps companies grow subscription and usage-based revenue, has raised $18 million in new VC funding. Madison Bay Capital led the round, and was joined by Hummer Winblad Venture Partners, InterWest Partners and Venrock. www.ariasystems.com
• Zilingo, an online fashion marketplace focused on Southeast Asia, has raised $18 million in Series B funding co-led by Sequoia Capital India and Burda Principal Investments. http://tcrn.ch/2eSNOPj
• Tonbo Imaging, an India-based developer of imaging and sensor systems for end markets like military and defense, has raised $17 million in Series B funding. WRV Capital led the round, and was joined by Artiman Ventures, Qualcomm Ventures and Edelweiss Private Equity. http://axios.link/qir9
⛽ Ampt, a Fort Collins, Colo.-based provider of power conversion technology for solar plant optimization, has raised $15 million in new VC funding from Bohemian Investments and company founder Doug Schatz. www.ampt.com
🚑 Cheetah Medical, a Newton, Mass.-based provider of non-invasive hemodynamic monitoring solutions, has raised $11.76 million in Series C funding. Return backers include MVM Life Science Partners, Springfield Investment Management, Fletcher Spaght Ventures, HighCape Partners and Robert Bosch Venture Capital. www.cheetah-medical.com
🚑 DNA Script, a Paris-based manufacturer of de novo synthetic nucleic acids, has raised €11 million in Series A funding. Sofinnova Partners led the round, and was joined by Illumina Ventures, Merck Ventures, Kurma Partners and Idinvest Partners. http://axios.link/YjDs
• Vemo Education, a Vienna, Va.-based provider of income share agreement solutions for postsecondary education institutions, has raised $7.4 million in seed funding. University Ventures and NextGen Venture Partners co-led the round, and were joined by Route 66 Ventures, Third Kind Venture Capital, Haystack Partners and Task Force X Capital. www.vemo.com
• SoftIron, a Newark, Calif.-based software defined storage startup, has raised $7 million in VC funding led by Earth Capital Partners. www.softiron.com
• AskNicely, a New Zealand-based provider of customer feedback software, has raised NZ$6.7 million in funding led by Blackbird Capital. http://axios.link/ZGxC
• Lenda, a San Francisco-based mortgage origination and refinancing platform, has raised $5.25 million in Series A funding. SF Capital Group led the round, and was joined by CreditEase Fintech Investment Fund and return backer Rubicon Venture Capital. www.lenda.com
• Red Dot Payment, a Singapore-based payment gateway startup, has raised $5.2 million in Series B funding. DORR Group was joined by return backers GMO Venture Partners, Wavemaker Partners, MDI Ventures and Toivo Annus. http://tcrn.ch/2xtx5O1
• InfoSum, a British data security startup, has raised $5 million in new seed funding from LocalGlobe, Mosaic Ventures, Upfront Ventures and IA Ventures. http://axios.link/8JCx
• EEVO, a Brooklyn-based VR content creation studio for publishers, has raised $1.3 million in new VC funding from Eagle Advisors, FundersClub and 37 Angels. http://tcrn.ch/2xsVP9i
⛽ Pegasus Solar, a San Francisco-based maker of rooftop mounting systems for solar installations, has raised an undisclosed amount of Series A funding. Ecosystem Integrity Fund led the round, and was joined by Okapi Capital. www.pegasussolar.com
• ClearPoint Investment Partners has invested in Shore Group Associates, a New York -based provider of data management solutions. No financial terms were disclosed. www.shoregrp.com
Enlightenment Capital has invested in The Cadmus Group, a Waltham, Mass.-based provider of technical and strategic consultancy services. No financial terms were disclosed. www.cadmusgroup.com
• Evergreen Coast Capital Partners, the private equity arm of Elliott Management, has offered to acquire Gigamon (NYSE: GIMO), a Santa Clara, Calif.-based networking software company with a market cap of nearly $1.6 billion, according to Reuters. Elliott already holds around a 7% stake in the company. http://reut.rs/2xXS4Vi
• Genstar Capital has completed its previously-announced acquisitions and merger of Bermuda-based fund administrators Apex Fund Services and Equinoxe Alternative Investment Services. No financial terms were disclosed.
• Rackspace, a San Antonio, Texas-based portfolio company of Apollo Global Management, has agreed to acquire Datapipe, a Jersey City, N.J.-based provider of managed hosting services, cloud computing and data center services, from ABRY Partners. No financial terms were disclosed. http://tcrn.ch/2wVzm3d
• Peak Rock Capital has acquired Hasa, a Saugus, Calif.-based maker of water treatment products. No financial terms were disclosed. www.hasapool.com
• Relex Solutions, a Finland-based provider of unified retail planning solutions, has secured an undisclosed amount of new growth equity funding from existing backer Summit Partners. www.relexsolutions.com
• Silverfleet Capital has agreed to acquire Pumpenfabrik Wangen, a German maker of progressing cavity and twin-screw pumps. No financial terms were disclosed. http://axios.link/eXBQ
• Toshiba Corp. now favors the Bain Capital-led bid for its $22 billion semiconductor business, according to Reuters. http://reut.rs/2wm46Xy
• Secoo, a Chinese luxury product and services e-commerce site, has set its IPO terms to 8.5 million American depository shares being offered at between $11.50 and $13.50 per share. It plans to trade on the Nasdaq under ticker symbol SECO, with Jefferies serving as lead underwriter. The company reports around $7.7 million of net income on nearly $200 million in revenue for the first half of 2017. Shareholders include IDG (24.5% pre-IPO stake), China Media Capital, Ventech China, Crehol Meaningful Capital and Vangoo Investment Partners. www.secoo.com
• The Blackstone Group is planning to launch a dual exit process for Vivint, a Provo, Utah-based maker for smart home tech, according to the WSJ. A sale or IPO could value Vivint at more than $3 billion (or $6b including debt). http://on.wsj.com/2w1sl1C
⛽ Dover Corp. (NYSE: DOV) is considering a sale process for its upstream energy unit, according to Reuters. http://reut.rs/2xXhu5z
• PAG, a Hong Kong-based private equity firm, is raising up to $300 million for a China-focused distressed debt fund, according to IFR. http://reut.rs/2wUtGHv
• Volpi Capital, a European buyout firm led by former executives of 3i Group (Crevan O'Grady and Andrew Golding) and Veronis Suhler Stevenson (Marco Sodi) is seeking to raise more than €200 million for its debut fund, according to Financial News. http://axios.link/YKnU
Equifax shares fell another 8.2% on Monday, as the credit scoring giant continues to face blowback from a massive hack of customer information and its botched response. And now the U.S. Senate Finance Committee wants answers.
The Atlanta-based company's stock price has fallen from a 5-day high of $143.27 last Thursday to $113.12 at market close yesterday, representing more than $3.5 billion billion in lost market cap.