Kabbage, an online lender for small businesses, has raised a $50 million Series D round led by SoftBank Capital. Also participating in the round is TCW/Craton, Lumia Capital and existing investors, including UPS Strategic Enterprise Fund, Thomvest Ventures, BlueRun Ventures, Mohr Davidow Ventures and individuals David Bonderman and Warren Stephens. As part of the latest round, Steve Murray, a partner at SoftBank, has joined the board. Atlanta-based Kabbage has now raised about $106 million in equity since 2010.
4 min read · 05 May 2014
Peer-to-peer online lender Prosper Marketplace has raised a $70 million round that was led by Francisco Partners and includes Institutional Venture Partners and Phenomen Ventures. As part of the latest round, David Golob, a partner with Francisco Partners, has joined Prosper's board. The San Francisco-based company has now raised $196 million in total funding, according to Thomson Reuters (publisher of peHUB), including from Accel Partners, Benchmark Capital, Draper Fisher Jurvetson, Sequoia Capital and others.
5 min read · 05 May 2014
Lending Club, which potentially is headed toward an IPO, is the most well-financed in the online lending sector, which includes many startups focused on small businesses, the underbanked and even students.
3 min read · 05 May 2014
Vhoto, which develops photo capturing technology, announced it has raised a $2.4 million dollar seed round from Atlas Venture, Polaris Partners and Hugh Crean, company co-founder and chairman and former president and CEO of Farecast.
3 min read · 01 May 2014
Boris Wertz, general partner at Vancouver-based Version One Ventures, a micro fund focused on early-stage consumer Internet, e-commerce, SaaS and mobile companies, has joined Andreessen Horowitz as a partner.
1 min read · 01 May 2014
Ayla Networks, which provides services for the Internet of Things, has raised $14.5 million in a Series B round from Cisco, the International Finance Corporation (IFC), Linear Venture, SAIF Partners, SJF Ventures and existing investors Crosslink Capital and Voyager Capital. Sunnyvale, Calif.-based Ayla, which provides a cloud-based platform for connecting devices and appliances, has now raised about $20 million in total funding. As part of the latest round, Peter Cook of IFC and Ben Ng of SAIF Partners have joined the board.
4 min read · 30 April 2014
Marc Benioff, founder, chairman and CEO of Salesforce, has invested an undisclosed amount of seed funding in MovieLaLa, The company, which operates a social network and marketing platform for upcoming movies, has now raised $750,000 in total seed funding.
3 min read · 29 April 2014
TeleSign, which provides authentication services of mobile phones, has raised $40 million in a Series B round led by Adams Street Partners. Also participating in the round are March Capital Partners and existing investor Summit Partners. Los Angeles-based TeleSign raised $29 million from Summit in May 2012, according to Thomson Reuters (publisher of peHUB).
3 min read · 29 April 2014
SOLS Systems, a maker of 3D printing technology focused on orthotics, has announced it has raised a $6.4 million round of funding led by Lux Capital. Also participating in the Series A round is new investor Founders Fund as well as existing investors RRE Ventures, Rothenberg Ventures, Felicis Ventures, FundersGuild and Grape Arbor VC. The New York-based company has now raised just over $8.1 million in total funding since it was launched in 2013.
3 min read · 29 April 2014
AdRoll, which helps brands with online targeting of ads, has raised a $70 million funding round led by Foundation Capital. Previously, the company raised $19 million in funding. The latest round also included new investors Institutional Venture Partners, SAB Capital, Northgate Capital, Performance Equity and Glenmede, as well as existing investors Merus Capital, Accel Partners and Peter Thiel. As part of the round, Eric Liaw of IVP has joined the board.
4 min read · 21 April 2014
