Dublin, Calif.-based Evident.io, which provides security technology for Amazon Web Services, announced today that has raised $9.85 million in Series A funding led by Bain Capital Ventures. True Ventures also participated in the round. The company previously raised $1.5 million in seed-stage funding from True Ventures.
4 min read · 11 November 2014
San Francisco-based software analytics provider New Relic on Monday filed for a $100 million proposed IPO under the symbol "NEWR." New Relic didn't indicate the price in its announcement. But the company's regulatory filing lists the price. Benchmark Capital is listed as the largest institutional shareholder, owning 22 percent prior to the IPO, followed by Trinity Ventures (13.6 percent). Other sizable investors include Insight Venture Partners and Tenaya Capital. Venture-backed New Relic has raised more than $214 million in funding, including a $100 million round in April.
1 min read · 11 November 2014
SparkLabs, a startup accelerator in Asia, has partnered with the so-called "smart city" Songdo International Business District, a private development project in South Korea, to launch a new Internet of Things accelerator in early 2015. Songdo is a connected city in South Korea, being built on 1,500 acres. This will be SparkLabs' second accelerator program, following the organization's flagship operation in Seoul. Co-founder Bernard Moon told peHUB the firm's accelerator program has to date had 22 graduates (79 percent of which have received follow-on funding) and SparkLabs is on its fourth class, featuring 10 companies. He said SparkLabs is considering opening accelerator programs in other locations in Asia and Europe.
3 min read · 07 November 2014
Wanderu has raised $5.6 million in Series A funding led by Metamorphic Ventures. Alta Ventures also joined the round, which included 500 Startups, Barbara Corcoran Venture Partners, and individual investors Craig Lentzsch (former CEO of Greyhound), John Balen (general partner at Canaan Partners) and Brad Feld (managing director at Foundry Group), among others. The Boston-based company previously raised a $2.4 million round led by Alta Ventures. Wanderu, which targets Millennials, provides travel search engine services for bus and train rides.
3 min read · 05 November 2014
Gigya, which provides data behavior analysis on users to companies, has raised $35 million in growth capital. Intel Capital led the round, which included Common Fund Capital, Vintage Investment Partners, Adobe, Advance Publications, Benchmark Capital, DAG Ventures, Greenspring Associates and Mayfield Fund. The Mountain View, Calif.-based company has now raised $104 million in total funding, including a $25 million round in September 2013.
4 min read · 04 November 2014
San Francisco-based Blueshift Labs, which provides marketing SaaS, announced that it has raised $2.6 million in seed funding co-led by New Enterprise Associates and Nexus Venture Partners, with participation from individual investors Tim Kopp (former CMO of ExactTarget), Neil Tolaney (former investor at Technology Crossover Ventures), as well as Anand Rajaraman and Venky Harinarayan (co-founders of Kosmix, @WalmartLabs, Junglee and Milliways Ventures). A regulatory filing on Aug. 4 indicated the company raised the money then, but it did not disclose investors until today.
4 min read · 04 November 2014
New York-based SheKnows Media, a media company focused on women’s lifestyle, on Monday announced its acquisition of BlogHer Inc, a San Mateo, Calif.-based provider of an online network for women. SheKnows, which is a portfolio company of Great Hill Partners, said the companies will immediately combine, creating 75.3 million un-duplicated unique visitors per month. BlogHer had raised more than $15 million in funding from Venrock, Peacock Equity and NBC Universal. The acquisition price was undisclosed, although AdAge reported it to be between $30 million and $40 million.
7 min read · 04 November 2014
A total of 92 venture-backed IPOs have raised $10.5 billion in proceeds in 2014
2 min read · 01 November 2014
The index of VC-backed stocks falls more than 57 points at end of September
1 min read · 01 November 2014
After a rush of venture fundraising activity throughout most of 2014, fundraising falls dramatically in September; the amount investors put into venture deals rose in the month
2 min read · 01 November 2014
