Silicon Valley venture capitalists tempered their enthusiasm for investing in the first quarter, though only modestly, as software and Internet startups continued to spark spirited check writing, according to a study from Fenwick & West.
2 min read · 23 May 2013
MassChallenge said it selected 128 startups for its 2013 MassChallenge Accelerator Program. The companies come from eighteen states and 11 locations abroad. The four-month accelerator program begins in June.
3 min read · 22 May 2013
Develop the right product at the right time for the right market and, when you do, the outcome is more predictable than you might imagine, says Andy von Bechtolsheim, the Silicon Valley sage who co-founded Sun Microsystems and famously invested early in Google.
2 min read · 22 May 2013
Skyhigh Networks said it raised $20 million of Series B financing in a round led by Sequoia Capital and joined by existing investor Greylock Partners. Aaref Hilaly, a Sequoia Capital partner, joined the board. The company also unveiled its 30-in-30 Challenge, where it vows to uncover at least 30 previously unknown cloud services in use at an organization in 30 minutes.
4 min read · 22 May 2013
Swivl said it raised $500,000 from Grishin Robotics. Swivl ran a Kickstarter campaign earlier this year. The money will go toward developing a second generation Swivl video device.
3 min read · 22 May 2013
Yahoo’s $1.1 billion purchase of blogging site Tumblr is the largest exit of a pre-public venture-backed New York-based company in the city’s history, according to CB Insights.
1 min read · 21 May 2013
Orcan Energy GmbH said it raised a second round of financing with E.ON as a new investor. Existing investors Kleiner Perkins Caufield & Byers and Wellington Partners participated in the funding. No additional details were available.
4 min read · 21 May 2013
MessageMe said it raised $10 million in a deal led by Greylock Partners. The round was joined by previous investors, the company said in a blog post. The company received a seed investment in March from True Ventures, First Round Capital, Google Ventures, SV Angel, Resolut.vc, Andreessen Horowitz, Greylock and The Social+Capital Partnership. The company had previously received angel money.
1 min read · 21 May 2013
Of 18 venture-backed IPOs so far in 2013, companies trading above their IPO price greatly outnumber those that have sunk below it
2 min read · 21 May 2013
The Michigan Venture Capital Association said 29 venture capital firms now do business in the state and contributed to the $242 million of invested capital dispersed into 33 deals in 2012. The MVCA says Michigan jumped to the 15th most active state.
3 min read · 20 May 2013
