Switch announced it has raised $1.4 million in seed-stage funding led by Rhodium and Metamorphic Ventures, with additional participation from BAM Ventures, SG VC and New York-based angel investors. New York-based Switch provides a mobile job discovery marketplace.
4 min read · 10 December 2014
Cyber security startup Area 1 Security announced it has raised $8 million in Series A funding led by Kleiner Perkins Caufield & Byers. The Menlo Park, Calif.-based company, which aims to eliminate targeted attacks, has now raised $10. 5 million in total funding, following a seed-stage round earlier this year. Joining Kleiner Perkins in the Series A are Allegis Capital, Cowboy Ventures, Data Collective, First Round Capital, RedSeal Networks CEO and former Venrock Partner Ray Rothrock, and Shape Security CEO Derek Smith. As part of the round, Ted Schlein, general partner at Kleiner Perkins, has joined the company.
4 min read · 10 December 2014
Norwest Venture Partners has led a $13 million Series B round of funding in Qubole, a provider of a cloud-based big data platform. The Mountain View, Calif.-based company has now raised $20 million in total funding. As part of the latest round, Rama Sekhar, principal at Norwest Venture Partners, has joined the board.
3 min read · 10 December 2014
Heirs Holdings, a Lagos-based investment company, has invested an undisclosed amount of seed funding in Wonderloop Inc. The Mountain View, Calif.-based, founded by Norwegian entrepreneur Hanna Aase, allows people to connect on social networks through 10- to 15-second video profiles. Aase told peHUB that the company has now raised $500,000 in total seed funding.
3 min read · 05 December 2014
Formation 8, which was founded in 2011 and has already scored at least one home run exit with the $2 billion sale of Oculus VR, announced it has raised $500 million for its second fund.
1 min read · 03 December 2014
In October, U.S.-based venture fundraising soars more than 222 percent from the month before; the number of IPOs more than doubles
2 min read · 01 December 2014
A total of 101 VC-backed IPOs have raised more than $11.5 billion in proceeds year-to-date in 2014, with life sciences accounting for nearly three out of four new debuts
3 min read · 01 December 2014
A total of 78 European companies raised about $290 million in disclosed deal values in the month
1 min read · 01 December 2014
SyFy has green lit a new program tentatively entitled "The Bazillion Dollar Club" slated to air next autumn. The program will follow Dave McClure, founder of 500 Startups, and Brady Forrest, who runs the hardware incubator Highway1.
5 min read · 26 November 2014
Mobilize, which provides a community management platform to help businesses mobilize their external communities, has announced it has raised $1.2 million in seed funding. Hillsven Capital led the round with participation from the accelerator UpWest Labs and individual investor Eddy Shalev of Genesis Partners. Bobby Lent, managing partner at Hillsven Capital, has joined the board. Mobilize has offices in San Francisco and Tel Aviv.
3 min read · 25 November 2014
