Cisco Systems announced at a conference in Israel that it would invest in JVP's new fund to focus on cybersecurity deals.
1 min read · 31 January 2014
In what is one of the most highly anticipated tech IPOs of the year, cloud-based file sharing company Box has reportedly and quietly filed registration papers for a public offering. Reuters reported in November that the company tapped Morgan Stanley, Credit Suisse and JPMorgan Chase & Co to manage its IPO. Box, which has raised more than $400 million in debt and equity since 2005, could seek up to $500 million in its IPO, Quartz and others reported.
1 min read · 31 January 2014
Barry Sternlicht, founder, chairman and CEO of Starwood Capital Group, has invested an undisclosed amount in HotelTonight, maker of an app to help users with last-minute hotel bookings. As part of the funding, Sternlicht has joined HotelTonight as a strategic advisor. San Francisco-based HotelTonight has raised more than $80 million in funding from Battery Ventures, Accel Partners, U.S. Venture Partners, Coatue Management. GGV Capital and First Round Capital. It's most recent round was a $45 million Series D in September.
1 min read · 31 January 2014
Moontoast announced it has raised a $4.5 million extension to its Series B funding it secured early last year. The investment was made by the Martin Companies, which led a $5 million deal last year in the Boston-based company, which provides advertising services on social media.
5 min read · 30 January 2014
ZappRx, which provides a platform for electronic prescriptions, announced it has raised $1 million in seed funding in a round led by Atlas Venture. The funding also included SR One, and individual investors Terry Meguid, David Hamamoto, Sean Trigony and James Glimm. The Cambridge, Mass.-based company has now raised $2.2 million in total seed financing, having announced last fall a $1 million seed round.
3 min read · 30 January 2014
General Catalyst Partners, which in December raised $675 million for its seventh fund, has added Paul Sagan as a partner and XIR. Sagan was an early employee at Akamai Technologies and served as its CEO from 2005 to 2013. Sagan's previous association with General Catalyst came last fall when the firm led a $25 million growth funding round in Datto, a Norwalk, Conn.-based provider of backup data and recovery services. Sagan became non-executive chairman of Datto as part of the funding.
4 min read · 30 January 2014
What impact crowdfunding is having on angels and traditional VCs remains to be seen.
2 min read · 29 January 2014
On-demand market research provider GutCheck has raised a $4 million round of financing led by Icon Venture Partners and including existing investors. Details of the financing weren't disclosed, but the funding was an up round. The Denver-based company has now raised $10 million in total funding, including a $4 million Series B round last year from Grotech Ventures, Crawley Ventures, Highway 12 Ventures and Village Ventures. As part of the recent deal, Jeff Hinck, general partner of Icon, has joined the board.
2 min read · 29 January 2014
Madison Reed, a San Francisco-based maker of a hair-coloring product, has raised $12 million in a Series B round of funding. Norwest Venture Partners led the financing, with previous investors True Ventures and Maveron joining the round. As part of the round, Norwest Managing Partner Jeff Crowe has joined the board. The company has now raised about $16 million in total capital. Madison Reed was co-founded in April 2013 by Amy Errett, a former GP with Maveron and now a special advisor to True Ventures. She told peHUB that the funding will be used to help the 30-employee company expand and move to larger digs in the city.
6 min read · 28 January 2014
Accel Partners has announced the addition of Eric Wolford as venture partner. Wolford, who currently sits on the boards of BitTorrent and Jut, previously was with Riverbed Technology. At Accel, he will focus on enterprise IT and data-driven software. Wolford is the second new addition at Accel in less than two months. In early December, Brian O'Malley came over from Battery Ventures and joined Accel as partner.
3 min read · 24 January 2014
