Private Equity
Tech Valley Communications, an Albany, N.Y.-based telecommunication service provider operating networks in New York and Northern New England, has hired Patrick Coughlin as its senior VP of sales and marketing. Coughlin previously held the same position at the backhaul provider Fibertower.
3 min read · 07 March 2013
Matrix Partners, the Palo Alto, Calif.-based venture firm, has brought aboard a new general partner. Jared Fliesler joins the firm from the privately held payments company Square, where he served as VP of user acquisition and business operations. Prior to Square, Fliesler was an executive with Slide and is credited with helping to negotiate the company's $200 million sale to Google in 2010.
3 min read · 07 March 2013
In late 2011, Groupon, the daily deals company, went public in a glittering debut. But it quickly began to lose luster, and after abruptly ousting its founding CEO, Andrew Mason, last week, the VCs who invested in the company probably wondered whether they would have to write down their carrying value for the company yet again. According to experts, they should be more worried whether Groupon will be worth anything at all.
3 min read · 07 March 2013
Sometimes, a good idea isn’t terribly sexy. So it may be with eShares, a new, Palo Alto-based company that's asking law firms and startups alike to replace their paper stock. Specifically, the eight-month-old company aims to digitize companies’ stock certificates and later, options certificates -- and to integrate with equity compensation software like CapMX so that every change to a company’s cap table can take place transparently, in real time.
3 min read · 06 March 2013
Four years ago, Maria Alegre landed her first job in Silicon Valley, as the first person in the business department of iPhone gaming startup Tapulous. Today, the 27-year-old is the cofounder and CEO of 14-month-old Chartboost, a company she believes will fundamentally change the way that game developers operate.
5 min read · 06 March 2013
Alpine Data Labs, a San Mateo, Calif.-based maker of Web-based, collaborative workflow software, has named Joe Otto as president and CEO. Otto was most recently a senior vice president of sales and services for Greenplum, a company acquired by EMC in 2010. In 2011, Alpine raised $7.5 million in Series A funding from Sierra Ventures, Mission Ventures and Sumitomo Corporation Equity Asia. The company has also received funding from Stanford University.
3 min read · 05 March 2013
Sophia Search, a San Jose, Calif.-based company focused on semantic content analysis, has raised a $3.7 million Series A round of funding led by the growth equity fund Atlantic Bridge.
2 min read · 05 March 2013
PeopleMatter, a Charleston, S.C.-based maker of HR software, has raised $19 million in Series B funding, led by Scale Venture Partners, whose partner, Rob Theis, has joined the board. Previous PeopleMatter investors Intersouth Partners, Morgenthaler Ventures, Harbert Venture Partners, Noro-Moseley Partners, C&B Capital and Silicon Valley Bank also contributed to the funding.
4 min read · 05 March 2013
Safeguard Scientifics, a Wayne, Pa.-based investment company focused on technology and healthcare outfits, has provided $5 million of a new $6 million Series B round of financing raised by Pneuron Corp., a Woburn, Mass.-based company that sells large data integration software applications. Osage Venture Partners, a previous investor in Pneuron, contributed the remaining funding to the round.S
4 min read · 05 March 2013
Lincoln, Nebraska-based Neebo, a large textbook supplier with over 250 college bookstores around the country, has paid $27 million on its senior secured loan term and obtained financing of up to $80 million, the company announced today.
2 min read · 05 March 2013
