Mark Boslet

U.S. VC firms post strongest quarter in 10 years with $12 bln Q1 raise

U.S.-based venture capitalists started 2016 with a bang, raising more money during the first three months of the year than in any quarter in 10 years. Together, 57 funds collected almost US$12 billion, more than double the level of the fourth quarter and a 59 percent jump from first-quarter 2015, according to a report from the National Venture Capital Association and Thomson Reuters.

Venture firms post strongest quarter in 10 years with $12 bln Q1 fundraise

U.S. VCs raised more money during the first three months of the year than in any quarter in the past 10 years.

PrideBites raises $500,000 seed round from ATX, BlueStel, others

PrideBites said it raised seed funding of $500,0000 from ATX Seed Ventures, BlueStel Ventures and Tucker Max, along with previous investors. The company appeared April 8 on The Shark Tank and raised $200,000 in exchange for 20 percent equity, though the company says talks with the show's Lori Greiner and Robert Herjavec continue.

RiskRecon raises $3 mln of seed funding from General Catalyst, others

RiskRecon said it raised $3 million of seed capital in a deal led by General Catalyst Partners and several private investors. The company plans to use the capital to expand its product development team and to address growing demand.

Fund performance: Third Rock, Emergence, OrbiMed lead Calpers portfolio

The pension manager's early-stage portfolio from 2007 to 2011 includes three funds that boast IRRs above 45 percent

Venture slump overstated as growth-round deal-making rises

The new year started off with less hesitation than many in venture feared during the turbulent three months

John Doerr steps back at Kleiner Perkins as generational transition gets underway

John Doerr has announced he will step back from his managerial role at Kleiner Perkins Caufield & Byers to become the firm's first chair.

Security defies gravity (for now)

Investors poured $7.7 billion into an over heated security market in the past 4 years. Now it looks like a shakeout is ahead

What’s hot in security?

Memorang raises $500,000 seed round

Memorang said it raised $500,000 in seed funding from angel investors including Michael Kane and Tom Palecek, founding partner at Summit Trail Advisors. Memorang will use the capital to expand its offerings.