Millennium Technology Value Partners says it has had four portfolio company exits in the first half of 2013. included is the sale of Epocrates to athenahealth; the acquisition of NetSpend by TSYS; the recapitalization of Datapipe; and the acquisition of Tumblr by Yahoo, which is pending. The firm also has six companies in registration.
3 min read · 24 June 2013
Octopus unveiled a venture capital fund that will enable investors in the Octopus Titan VCTs 1-3 to sell their holdings in four portfolio companies – Zoopla Property Group, Graze, Calastone and Secret Escapes. The new fund will be financed by institutional investors and managed by Octopus. Ninty-seven percent of Octopus’ VCT shareholders voted to support the initiative.
3 min read · 24 June 2013
Pension fund stays focused on its top, local venture relationships, which include Battery, Spark, TCV, Insight and Union Square
2 min read · 24 June 2013
Spanish investor has put money into two early-stage firms and backed two portfolio companies
5 min read · 22 June 2013
The National Venture Capital Association this week named a new president after sifting through more than 100 resumes during a roughly three-month executive search. So what new course will the appointee, Bobby Franklin, chart for the association? Offer your suggestions to Franklin in the comments section below.
2 min read · 20 June 2013
Cisco Systems said it will acquire Composite Software, Inc., a San Mateo, Calif., developer of data virtualization software. Cisco will pay about $180 million in cash and retention-based incentives with the acquisition expected to close in the first quarter of fiscal 2014.
3 min read · 20 June 2013
A growing number of venture-backed public companies have immigrant founders, according to a study from the National Venture Capital Association. The study found that one third of venture-backed companies that went public in the United States between 2006 and 2012 had at least one immigrant founder. This is up from 20% of companies with public offerings prior to January 2006 and 7% with offerings prior to 1980.
5 min read · 20 June 2013
Stratasys Ltd. said it would acquire desktop 3D printer maker MakerBot for $403 million with an addition $201 million in compensation possible through performance earn outs. Stratasys will issue about 4.76 million shares for the desktop 3D printer maker and permit the startup to earn an additional 2.38 million shares through the end of 2014. Makerbot has sold more than 22,000 3D printers since 2009.
10 min read · 20 June 2013
Andreessen Horowitz is paying close attention to the rising tide of hardware innovation and plans to keep the foot on the gas of the services it offers portfolio companies, according to General Partner Ben Horowitz.
2 min read · 19 June 2013
COMS Interactive said it raised a minority investment of $21 million from Summit Partners. The investment will be used for expansion, new products and the redemption of common stock holdings. Other COMS investors include Zapis Capital Group; Next Sparc, LLC; and Portal Capital, LLC.
4 min read · 18 June 2013
