Los Angeles-based BloomNation raised $1.65 million in funding from Andreessen Horowitz, Spark Capital, Chicago Ventures, CrunchFund and MuckerLab. BloomNation, which operates an online marketplace for florists nationwide, is a graduate of MuckerLab, a Los Angeles-based accelerator.
3 min read · 24 October 2013
The storied firm, which just reorganized its early-stage team, ranked as the most active investor during the month
1 min read · 18 October 2013
Menlo Park, Calif.-based life sciences investor 5AM Ventures has filed with the Securities and Exchange Commission to raise $240 million for Fund IV. The firm, which primarily invests in early-stage life sciences, raised $220 million for Fund III, which closed in 2009, according to data from Thomson Reuters (publisher of peHUB). That fund invested in Relypsa, a Redwood City, Calif.-based developer of drugs to treat cardiovascular and renal disease and which is currently in registration for an expected $126.5 million IPO.
1 min read · 17 October 2013
MapBox, which has offices in San Francisco and Washington, D.C., this morning announced it closed a $10 million Series A round from Foundry Group. MapBox has been largely bootstrapped until now, although it has received more than $649,000 in grants from the Knight Foundation, including $575,000 as a winner of the 2012 Knight News Challenge Data. Ryan McIntyre, managing director of Foundry, discussed his firm's investment in a blog post here. The company provides map making services to create customized, interactive maps for websites and apps using open-source tools and data. The funding will be used by MapBox to grow its staff beyond its current number of 35.
1 min read · 16 October 2013
Paul Willard, former CMO of health records management company Practice Fusion and software developer Atlassian, has joined Subtraction Capital in San Francisco as partner. Subtraction Capital was founded in 2013 by Jason Portnoy, ex-CFO of Practice Fusion. The firm, which also has an office in Salt Lake City, makes venture investments across multiple stages.
3 min read · 15 October 2013
SundaySky, which provides video advertising services, has raised $20 million in a Series C investment round that was led by Comcast Ventures. Others in the round include Liberty Global Ventures, Vintage Investment Partners and existing investors Carmel Ventures, Globespan Capital Partners and Norwest Venture Partners. The company previously raised $17 million in funding, including a $9 million Series B round in 2010. As part of the recent round, Andrew Cleland, managing director of Comcast Ventures, has joined the board.
3 min read · 15 October 2013
Mohr Davidow Ventures, which was an investor in newly public Rocket Fuel, is getting close to kicking off fundraising efforts for its 10th venture fund, sister publication Venture Capital Journal reported.
2 min read · 11 October 2013
Fund size is unknown, but Silicon Valley firm is gearing up to soon start raising 10th fund
2 min read · 11 October 2013
Nitro, a San Francisco-based provider of document productivity and workflow solutions, told peHUB that it has raised $6.5 million to date. Nitro, which announced product news earlier this week. raised a $3.5 million round announced in May 2012 and a previously unannounced $3 million round that the company secured in May. Australian-based Starfish Ventures was the sole investor in both rounds.
1 min read · 11 October 2013
Sigma West and other firms are coming to the city, as deal activity soars and billion-dollar valuations become commonplace
5 min read · 06 October 2013
