Enterprise storage company Exablox has raised a $16 million Series C round of funding. Dell Ventures joins the round as a new investor, along with existing backers DCM Ventures, Norwest Venture Partners and U.S. Venture Partners. Sunnyvale, Calif.-based Exablox, which was founded in 2010 to provide storage services for businesses, has now raised $38.5 million in total funding.
4 min read · 26 February 2015
LocoMotive Labs, a Berkeley, Calif.-based developer of educational apps for young elementary students, has raised a $4 million Series A financing round co-led by Softbank Ventures Korea and TAL Education Group. Also participating in the round are existing investors K9 Ventures, Kapor Capital, NewSchools Venture Fund, Joe Gleberman, D3Jubilee and Jerry Colonna. The company has now raised $5.15 million in funding to date. As part of the Series A, Sean Lee of Softbank Ventures Korea has joined the board.
4 min read · 24 February 2015
The number of IPOs stays roughly the same month over month, but value drops in January
2 min read · 20 February 2015
Livefyre, an enterprise software provider that helps companies engage with customers online, announced it has raised $47 million in funding from new investors Adobe and Salesforce Ventures, as well as existing backers Cue Ball, Greycroft Partners, Hillsven Capital and U.S. Venture Partners. The funding includes a recently closed $32 million Series D round and a previously unannounced $15 million Series C2 round. The San Francisco-based company has now raised $67.3 million in total funding.
3 min read · 19 February 2015
Bain Capital Ventures has led a $20 million Series B funding round in 6sense, a SaaS-based predictive intelligence platform for marketing and sales. Previous investors Battery Ventures and Venrock also participated in the round. The deal is the first for Indy Guha since he was promoted to partner at Bain Capital Ventures last week. As part of the funding, he will join the board of 6sense. The funding brings the total financing to $36 million for the San Francisco-based company.
3 min read · 19 February 2015
Bessemer Venture Partners, an investor in newly public Box as well as Twilio, Pinterest and Shopify, announced it has raised $1.6 billion for Fund IX. The multi-stage investor raised the same amount for Fund VIII, which closed in 2011.
1 min read · 18 February 2015
Boston-based big data company RapidMiner announced it has raised a $15 million Series B round led by Ascent Venture Partners and Longworth Venture Partners. Also participating in the round are returning investors Earlybird Venture Capital and Open Ocean Capital. The company, which provides a predictive analytics platform, has now raised $20 million in total funding.
3 min read · 18 February 2015
Cintirfuse disclosed this week it has invested in the latest vehicle of Techstar Ventures, which announced last month it has raised $150 million for its third and largest fund to date. The investment in Techstars is the sixth fund that Cincinnati-based Cintirfuse has backed. The Cintrifuse Early Stage Capital Fund I, a $57 million fund of funds, focuses on regional and national early-stage venture capital and has previously announced investments in funds managed by Allos Ventures, Lerer Hippeau Ventures, Mercury Fund, Sigma Prime Ventures and Upfront Ventures.
1 min read · 18 February 2015
Eight companies with disclosed deals were acquired in the month for $1.2 billion combined in proceeds
1 min read · 16 February 2015
Bain Capital Ventures announced on Thursday the promotion of Indy Guha to partner in the firm's Palo Alto, Calif.-based office. Guha joined the venture firm as an associate in 2007 and was a founding member of its San Francisco Bay Area office, which now includes nine investment professionals. Guha focuses his investment activity on enterprise SaaS companies, with an emphasis on marketing and sales technology. He has helped manage the firm's investments in Bloomreach, Optimizely, Captora, InfoScout, Gainsight, Clari and Wrike.
1 min read · 13 February 2015
