Tessian announced the closing of a $42m Series B round, led by Sequoia with participation from Balderton, LocalGlobe and Accel, to fuel the next wave of enterprise cybersecurity. This round, which will help Tessian to accelerate its global expansion, and invest heavily in research and development to expand its product line.

Suranga said: "Since we led the Series A in Tessian, it has been a pleasure to work with Tim, Ed, Tom and their team... we believe the company's singular focus on protecting corporations, without limiting or restricting their employees, is powerful and sets the bar on enterprise security."

You can find out more by reading Suranga's Medium post here on how Tessian's product-first culture permeates everything they do. Read more about the fundraise in Bloomberg.

3D Hubs raises $18M Series C

3D Hubs, the automated manufacturing platform, closed an $18M Series C round to continue the company's US expansion and to further develop the automation of its manufacturing platform.

James said: “By combining the latest technical advances in manufacturing with their proprietary software and global network, 3D Hubs is giving global brands and first-time designers access to instant, high-quality manufacturing services anywhere in the world."

Read our blog post here or find out more from VentureBeat.

VOI Technology raises $30M

VOI scooters can now be found in 14 cities across Europe

Smart mobility startup VOI Technology raised $30m to ramp up expansion across Europe and invest in R&D. VOI scooters are now in 14 cities including Stockholm, Paris, Madrid, Lisbon and Oslo.

In a matter of just seven months, the company has built up over 400,000 riders, who have taken a total of more than 750,000 rides and cumulatively travelled over a million-and-a-half kilometres – the equivalent to 37 times around the globe.

Peakon closes $35M

Peakon, the world’s leading employee retention platform, raised $35m to further scale the company’s already impressive growth in the US market and grow product and engineering teams. The round was led by Atomico, with participation from existing investors including Balderton, EQT Ventures, IDInvest Partners, and Sunstone.

Peakon has had an incredible year — doubling headcount to over 180 and growing revenue by over 200%. Since launch, Peakon has helped clients such as Verizon, BMW, Harrods and easyJet make quantifiable improvements to employee engagement, retention, and team effectiveness.

Nutmeg announces plans to crowdfund through fellow Balderton portfolio company Crowdcube

Nutmeg, has announced plans to democratise its company ownership with a crowdfund later this year, working in conjunction with Crowdcube, the world’s first and largest equity crowdfunding platform.

The crowdfunding, in addition to the recent Series E fundraise from Convoy and Goldman Sachs, will be used by Nutmeg to fuel innovation and growth in the UK and expansion overseas.

Events at Balderton this month

Young Families and Young startups - can it be done?

Our panel at Balderton HQ in honour of International Women's Day

In honour of International Women’s Day, in partnership with 50inTech, we invited five incredible founders to have a no-holds-barred discussion about the realities of managing young families and growing a startup.

Brilliantly moderated by TechCrunch's Editor-at-Large, Mike Butcher, these five founders (Marie Outtier @Aiden.io, Helene Guillaume @Wild.ai, Chris Morton @Lyst, Matt Wiggins @Mojiworks and Pip Jamieson @The Dots) laid it all bare, tackling difficult topics with humour and complete honesty.

We couldn't have hoped for a more candid and constructive conversation.

If you want to find out more about what was said, you can read Laura's blog post about the event here.

50inTech founder Caroline Ramade also published a transcript of the panel which you can find here.

Laura Connell, Balderton — If you want to find out more about what was said, you can read Laura's blog post about the event here.

Other Balderton events:

28th March - Bernard, Suranga and the rest of the Balderton investment team were in Paris, hosting a panel of leaders from European companies that have successfully expanded globally. See event details here.

3rd April - In collaboration with JamJar Investments, we are hosting evening with the CMOs and CEOs behind the brands of Deliveroo, Bulb, Innocent Drinks and Depop to discuss how to scale your brand. See event here. See event details here.

16th April - We are delighted to be hosting an evening at Balderton HQ for SEO London alumni where Colin Hanna will be discussing the UK and European VC landscape.

Catch the Balderton team at the following events:

29th - 30th April - Rob will speaking at the Innovate Finance Global Summit in London

3rd May - Suranga will be delivering the keynote at London Business School's MultipleX conference

10th May - Daniel and Laura will be at the J.P. Morgan Technology Innovation Symposium

16 - 18th May - Catch Bernard and many more of Balderton's investment team at VivaTechnology Conference in Paris!

Highlights from the news this month

Our portfolio companies

Revolut and Nested joined Memrise in the Tech Nation Future Fifty’s 2019 cohort. Read more in Forbes.

BBC News and The Independent wrote about Tengai, the robot created by Furhat Robotics and TNG to eliminate unconscious bias in job interviews.

Business Insider included Prodigy Finance, Cleo, Zego and Comply Advantage in a list of European fintechs to watch in 2019

Citymapper launched a new smart travel card, which you can read about in the Guardian and the London Evening Standard.

Healx Co-Founder Dr David Brown spoke to BBC World about drug repurposing and the Healx mission. Watch a clip here.

Sifted spoke to Peakon about how they're helping companies to manage their millennial workforces.

EU Startups interviewed Kaia Health co-founder and CEO Konstantin Mehl about how Kaia works, the challenges faced by the startup, and his plans for its future.

The Balderton team

We joined other European VCs in a commitment to diverse, inclusive, and harassment-free workplaces. Read more about the initiative in Wired and see our full post on why we #MovingForward here.

Read Suranga's post "Celebrating Failure" on Elite Business, looking at how entrepreneurs can learn from their business mistakes in five steps

Laura spoke to Sifted about how secondary investments can provide benefits for both businesses and their early shareholders.

Find out why Caye thinks a very big company could be created in a category everyone is ignoring on Medium

Watch Suranga's panel at SuperVenture discussing how the use of data influences how investors source opportunities and communicate with one another.

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