On Deck said it raised $17 million as an expansion of its Series D financing in a deal led by Google Ventures and joined by PayPal co-founder Peter Thiel and Industry Ventures. The Series D now totals $59 million, with $42 million having closed in February. The first tranche of Series D financing was led by Institutional Venture Partners and joined by RRE Ventures, SAP Ventures and First Round Capital.
4 min read · 01 May 2013
First Round Capital has expanded its Dorm Room Fund to the Silicon Valley and San Francisco Bay area. The fund will have $500,000 in capital and a 10-student investment team, according to a tweet from Josh Kopelman, First Round partner and founder.
1 min read · 01 May 2013
VMTurbo said it raised Series C funding in a deal led by Globespan Capital. VMTurbo’s funding now totals $25 million. The company had raised a $10 million of Series B in 2011 and at that point had $17.5 million in total funding, according to news reports at the time. This suggests the current round is $7.5 million. VMTurbo didn't provide details. Existing investors include Bain Capital Ventures and Highland Capital Partners.
4 min read · 01 May 2013
Workspot said it raised $1.9 million of seed funding from Kleiner Perkins Caufield & Byers, Norwest Venture Partners, Redpoint Ventures, and angel investors, including Peter Wagner and Gaurav Garg. The company also launched a bring-your-own-mobile-device service for IT administrators, Workspot Control, and a mobile application for IPads, called Workspot.
3 min read · 30 April 2013
M-Files Inc. said it raised $7.7 million of Series A funding in a round led by DFJ Esprit and joined by the Finnish Industry Investment. The company said DFJ Esprit's Mikko Suonenlahti joined the board along with Jim Geary and Bob Suh.
4 min read · 30 April 2013
ClickTale said it raised $17 million in a Series B round led by Amadeus Capital Partners and joined by Goldrock Capital and Viola Credit. The money will go toward product development and global expansion.
4 min read · 30 April 2013
Felicis Ventures said on Monday that it hired a CFO, Guergana Tomova. The industry veteran most recently was director of finance at Venrock.
1 min read · 29 April 2013
Madison Color said it raised $4 million of Series A funding in a round led by True Ventures and joined by Maveron LLC and angel investors. The company added True Ventures partner Jon Callaghan to its board AND will debut this fall.
5 min read · 29 April 2013
Venture investing in Russia rose sharply last year as investors shifted their focus to larger, growth-stage transactions. Money going to startups climbed to $910.6 million, according to a study.
1 min read · 29 April 2013
A total of 29 of the 37 venture funds from its California Emerging Ventures portfolio boast positive returns
2 min read · 26 April 2013