New York-based Compass, a provider of a real estate platform to buy and sell homes, has raised a $50 million round of funding led by Institutional Venture Partners. Also taking part in the round are existing investors Thrive Capital, Founders Fund, 406 Ventures, Advance Publications and individuals Kenneth Chenault (CEO of American Express) and Marc Benioff (CEO of Salesforce.com). The company has now raised $123 million in total funding, including a $40 million Series B round in July 2014.
4 min read · 15 September 2015
He becomes the fifth GP at the $175 million fund
2 min read · 15 September 2015
San Mateo, Calif.-based Ipsy, operator of a beauty products website, has raised $100 million in Series B funding from TPG Growth and SherpaCapital. The site, which boasts having 1.5 million subscribers in North America who monthly receives its Glam Bag shipment, was founded four years ago by YouTube star Michelle Phan.
1 min read · 15 September 2015
Palo Alto, Calif.-based WebAction, a provider of a data integration platform, has raised $20 million in Series B round of funding led by Intel Capital. Joining the round are existing investors Summit Partners, Panorama Point Partners, as well as individuals Frank Caufield and Regis McKenna. As part of the funding, Igor Taber, investment director at Intel Capital, has joined the board. The company previously raised an $11 million Series A round led by Summit.
4 min read · 14 September 2015
San Francisco-based Chain, a provider of blockchain services for bitcoin networks to trade and transfer financial assets and smart contracts, announced it has raised a $30 million Series B round of funding. Investors include Visa, Nasdaq, Citi Ventures, Capital One, Fiserv and Orange. The company has now raised about $44 million in total funding. In addition, former American Express CEO and RRE Ventures founder Jim Robinson III has joined the company board.
1 min read · 11 September 2015
IBM announced on Thursday it has acquired San Mateo, Calif.-based StrongLoop, a provider of software to help developers connect enterprise applications to mobile, Internet of Things and Web applications in the cloud. Terms of the acquisition were not disclosed, but StrongLoop had raised $9 million in funding, including an $8 million Series A round of funding from Shasta Ventures and Ignition Partners in September 2013.
1 min read · 11 September 2015
Santa Clara, Calif.-based Aviatrix, a provider of cloud networking services for the enterprise, has raised a $10 million Series A round of funding co-led by Formation 8 and Ignition Partners. The company prviously raised seed funding from Monta Vista Capital. As part of the latest round, Shirish Sathaye, general partner at Formation 8, and Nick Sturiale, managing partner at Ignition, have joined the board.
2 min read · 11 September 2015
New York-based CartoDB, a provider of data analysis for location-based information, has raised a $23 million Series B round of funding. New investor Accel Partners led the round, which includes new investor Salesforce Ventures and existing investors Earlybird Venture Capital and Kibo Ventures. The company has now raised $31 million in total funding. As part of the latest round, Harry Nelis, a partner at Accel, has joined the board.
4 min read · 10 September 2015
Late-stage investor Institutional Venture Partners announced Michael Giampapa has joined the firm as an associate and will focus on identifying and evaluating later-stage enterprise software, Internet, and mobile investments. He previously was with J.P. Morgan.
3 min read · 10 September 2015
Redwood City, Calif.-based Paxata, a provider of a data analysis platform for the enterprise, announced it has raised an $18 million Series C round of funding. EDBI, the corporate investment arm of the Singapore Economic Development Board, led the round, which includes existing investors Accel Partners India, Walden-Riverwood Ventures and Toba Capital, as well as Sanju K. Bansal, co-founder and former COO of MicroStrategy.
3 min read · 09 September 2015
