Actiance, a provider of enterprise communications, announced it has raised $28 million in a late-stage growth investment. New investor Golub Capital joined existing investors Credit Suisse NEXT Investors, JK&B Capital, Scale Venture Partners and Sutter Hill Ventures. The Redwood City, Calif.-based company, formerly known as FaceTime Communications, raised a $15.6 million venture round in 2007.
4 min read · 13 May 2015
New York-based The Muse, provider of a career and jobs search site targeted to millennials, announced it has raised $10 million in Series A funding from Aspect Ventures, DBL Partners and QED Investors. Theresia Gouw from Aspect and Nancy Pfund from DBL are joining the board as a result of the fund. Caribou Honig from QED is joining as a board observer. The company, which targets millennials and has grown to 3 million users per month through word-of-mouth, previously raised $2.8 million in funding, including a $1.3 million debt round in 2012 and $1.5 million seed funding in 2013. Co-founder and CEO Kathryn Minshew told peHUB that the company employs 33 fulltime people in New York and is looking to add 25 over the next several months.
5 min read · 13 May 2015
Rally Ventures announced that cyber security industry veteran Art Coviello has joined the firm as venture partner. At Rally, which has offices in Menlo Park, Calif., and Minnetonka, Minn., Coviello will focus on enterprise security companies. Coviello, who was most recently executive chairman of RSA, the security division of EMC, has been a member of Rally's Tech Partners program since the firm was founded in 2013.
4 min read · 13 May 2015
Knod, a Salt Lake City-based startup that collaborates with companies to provide education and real world experience to students, announced it has raised $6.2 million in total funding via two rounds. Investors include Epic Ventures, which participated in the two previously undisclosed rounds, and Impact Investment Leaders. Kent Madsen, managing director at Epic, serves on the Knod board.
4 min read · 12 May 2015
Twistlock, a provider of enterprise security services, announced it has raised $2.5 million in seed funding led by YL Ventures. Twistlock, which has offices in San Francisco and Tel-Aviv, Israel, was co-founded in January 2015 by Ben Bernstein and Dima Stopel. As part of the funding, Yoav Leitersdorf, managing partner for YL Ventures, has joined the board.
4 min read · 07 May 2015
In advance of VentureScape, the National Venture Capital Association's annual meeting in San Francisco this week, Kate Mitchell writes that diversity is a core goal of the venture industry.
1 min read · 06 May 2015
Digit, a San Francisco-based provider of an automated savings tool for consumers, announced it has raised a $11.3 million Series A round. General Catalyst Partners led the round, which included existing investors Baseline Ventures and Google Ventures. Hans Morris, former president of Visa, and other individual investors also participated in the funding. The company has now raised $13.8 million in total funding.
3 min read · 05 May 2015
4 min read · 05 May 2015
CloudGenix, a provider of software-defined wide area network technology, announced it has raised a $25 million Series B round of funding. Bain Capital Ventures led the round, which included CRV and the Mayfield Fund. The Santa Clara, Calif.-based company has now raised $34 million in total funding. Enrique Salem, managing director at Bain Capital Ventures and former president and CEO of Symantec, has joined the board.
3 min read · 05 May 2015
Thomas Loverro, who previously was a principal at RRE Ventures, has joined Institutional Venture Partners as a vice president. At IVP, which recently closed its largest ever fund at $1.4 billion, Loverro will focus on later-stage, high-growth consumer and enterprise companies. At RRE, Loverro worked on such investments as Avant, Base, CollectiveHealth, CoverHound, OnDeck and Trumaker, among others.
3 min read · 05 May 2015
