Felicis Ventures has expanded the size of its fourth fund to $120.6 million from 96.4 million, according to a filing with the Securities and Exchange Commission. The expansion coincides with the addition of Wesley Chan as a new managing partner at the firm.
1 min read · 15 January 2015
Venture capitalists ended 2014 with a bang, putting $13.8 billion into U.S.-based startups in the fourth quarter and lifting the year’s investment total to $52.1 billion. The year was the largest for venture investments since 2000.
1 min read · 15 January 2015
1 min read · 14 January 2015
Improvements seen from Claremont Creek, Upfront, DFJ Frontier
1 min read · 14 January 2015
New Enterprise Associates announced in a filing that is has begun raising a $2.5 billion 15th fund, according to the document submitted to the Securities and Exchange Commission. A first close has not yet taken place, the documents states.
1 min read · 13 January 2015
App Annie said it raised an oversubscribed Series D round of $55 million led by Institutional Venture Partners and joined by existing investors Sequoia Capital, Greycroft Partners and IDG Capital Partners. The app analytics company also launched Usage Intelligence, a mobile focused product generating usage data, such as active users, time spent and retention. The company, which tripled its revenue in 2014, has now raised $94 million. IVP General Partner Eric Liaw will join the board.
5 min read · 13 January 2015
Impact investor Gray Ghost Ventures said it is raising a $60 million third fund that represents a big step up from its $35 million second fund in 2009. The firm expects a first close on about $25 million in March, CEO Arun Gore told PEHub.
1 min read · 12 January 2015
Verne Global said it raised $98 million of Series D funding in a deal led by Stefnir, an Icelandic asset management and private equity firm. The deal was joined by existing investors the Wellcome Trust, Novator Partners and General Catalyst. Verne, the U.K.-based developer of an Icelandic data center, declined to say how much it has raised in total.
3 min read · 12 January 2015
Glitzy hardware was on display at this week’s Consumer Electronics Show in Las Vegas, but it may not represent the best of investment ideas for the venture capitalists who look to the show for fresh inspiration.
2 min read · 08 January 2015
Plenty of glitzy hardware was on display at this week’s Consumer Electronics Show in Las Vegas, but it may not represent the best of investment ideas for the venture capitalists who look to the show for fresh inspiration.
2 min read · 08 January 2015
