Online trading marketplace Listia raised a $9 million Series round led by General Catalyst Partners. The Mountain View, Calif.-based company had previously raised about $2 million in seed funding from Andreessen Horowitz, SV Angel and other investors, including individuals Naval Ravikant and Max Levchin. As part of the Series A funding, Neil Sequeira, a partner at General Catalyst, will join the board.
2 min read · 02 October 2013
In what is believed to be a likely run up to an IPO, Telogis has raised $93 million in a funding round led by Kleiner Perkins Caufield & Byers. The Aliso Viejo, Calif.-based company said that other, undisclosed investors also joined the round. As part of the funding, Ryan Popple, a partner at Kleiner Perkins, has joined the round.
3 min read · 02 October 2013
The legal and medical marijuana industry is growing, and so is startup and investment interest in the sector.
2 min read · 01 October 2013
Editor’s letter from Alastair Goldfisher
2 min read · 01 October 2013
A visual look at how the volume of fundraising, deals, IPOs and M&A changed from July to August
2 min read · 01 October 2013
Mobile-focused seed-stage investor Eniac Ventures announced today its second fund of $12. 9 million. The fund, which was raised from undisclosed high-net-worth individuals and entrepreneurs, focuses on adtech, consumer, enterprise and commerce sectors. The firm's first seed-stage fund was raised three years ago and boasts six exits.
4 min read · 26 September 2013
Adrian Fenty, a special advisor to Andreessen Horowitz and a former mayor of Washington, D.C., has joined Perkins Coie LLP to work for the law firm's business development arm in Silicon Valley.
1 min read · 25 September 2013
Entrepreneur Jason Calacanis announced today in his blog the closing of his first formal angel investing fund, called The LAUNCH Fund I, named after his conferences and events. The fund, which has already made investments, raised $250,000 each from David Sacks (founder and CEO of Yammer and with PayPal before that) and Calacanis to back winners of the LAUNCH Festival. Calacanis said in a blog post that the fund grew, thanks to investments from "a list of my good friends." He added, "We are leaving it up to the LPs to disclose that they’re in the fund, if they want to." Pehub previously reported that the size of the fund is $10 million.
1 min read · 24 September 2013
San Francisco-based Rock Health, which operates an accelerator focused on digital health startups, announced today a partnership with AngelList to setup a fund for accredited investors to back the organization's graduating class of startups. More information about the 10 companies in the fifth and latest graduating class, which are on display today at Rock Health's headquarters, can be found here.
1 min read · 24 September 2013
Boston-based dunnhumby Ventures has launched today to make seed-stage investments in retail technology. Managing the fund is entrepreneur and angel investor Dave Balter, global head of investments at parent company dunnhumby. Balter, who has founded word-of-mouth marketing company BzzAgent (which was bought by dunnhumby) and other startups, currently serves as a venture partner at Boston Seed Capital and a mentor with TechStars. Balter told peHUB that the seed-stage fund amount is undisclosed, but he expects the fund will make 10 investments a year for three years, with average deal size and follow-ons between $250,000 and $500,000. The firm has already made five seed investments, including The Shelf and InfoScout.
5 min read · 24 September 2013
