Santa Clara, California-based Vertical Venture Partners has closed its inaugural fund with $51.3 million in commitments, according to a regulatory document. The filing indicates the money was raised from 32 investors. The firm was founded a couple of years ago by David Schwab, a former managing director with Sierra Ventures.
1 min read · 19 August 2016
Seed-focused Pear ups its fund size by 50 percent and adds two partners
4 min read · 17 August 2016
Silicon Slopes, Utah-based EventBoard, which develops cloud-based meeting tools and analytics, announced it has raised $13.5 million in Series B funding led by Nokia Growth Partners. Also participating in the round are GE Ventures and existing backers Greycroft Partners, Origin Ventures and Zetta Venture Partners. The company said it has now raised $20.5 million in total funding, which includes a $6.5 million Series A round in November 2015.
1 min read · 17 August 2016
New York-based Pymetrics, which develops predictive hiring and career assessment technology, has raised $6.13 million in a Series A round of funding. Investors include BBG Ventures, Khosla Ventures, Mercer and Ranstad Innovation Fund.
1 min read · 17 August 2016
Palo Alto, California-based Pear, which focuses on seed-stage deals and is known for hosting its community events, has closed an oversubscribed second fund with $75 million in commitments. The fund is 50 percent larger than the $50 million the firm raised for Fund I, which closed in 2013 and was raised mostly from the fortunes of Pejman Nozad and Mar Hershenson, the founding managing partners.
2 min read · 17 August 2016
Austin, Texas-based True Wealth Ventures has raised $4.7 million of a targeted $20 million fund, according to a regulatory filing.
1 min read · 16 August 2016
Houston-based, early-stage venture firm Mercury Fund announced Jackie Pfister has joined the team as marketing coordinator. It is the first marketing hire for Mercury. Pfister will support the firm in its marketing and branding efforts and work with portfolio companies in their branding, marketing and PR efforts. Pfister was previously a business analyst at Trenegy, a Houston-based management consulting firm.
1 min read · 11 August 2016
Dublin, Ireland-based Yroo, a provider of a shopping search engine, announced it has raised $11 million in seed-stage funding. Yroo declined to disclose the names of all its investors, although the company said the funding comes from high-net-worth individuals, many of whom have ties to the retail space in the United States, Canada and Europe.
1 min read · 11 August 2016
Sunnyvale, California-based Xperiel, a provider of an Internet of Things platform used by major sports and consumer brands, announced it has raised $7 million in its first round of funding. Participating in the round are a host of individual investors, including Sun Microsystems’ co-founder Andy Bechtolsheim, founding Google board member Ram Shiram, Stanford President John Hennessy, Scott Cook of Intuit, Dave Scially of the Golden State Warriors, Omaha Storm Chasers' owner Gary Green, Google board member Diane Greene, Google executive Shona Brown, and Uber founder Garrett Camp. Also participating are Los Angeles Dodgers and Major League Baseball. Xperial said it will use the funding to support the development of its cloud-based platform that connects scoreboards, signage, merchandise and concessions with mobile devices.
1 min read · 11 August 2016
Intel Corp announced on Oct. 9 that it would acquire San Diego-based Nervana Systems, a developer of artificial intelligence systems. Nervana will help develop Intel's AI portfolio and enhance the deep learning performance of Intel Xeon and Intel Xeon Phi processors, the company said in a blog post. Nervana was founded in 2014 has raised slightly more than $25 million from investors, according to Thomson Reuters data. Backers include Allen & Co, AME Cloud Ventures, Data Collective, DFJ, Fuel Capital, Lux Capital and SV Angel, among others.
1 min read · 10 August 2016
