Fenwick & West's annual seed financing study found that the Series A crunch has worsened. The survey found that 45% of companies receiving seed funding in 2010 raised a Series A funding by the end of 2011. But only 27% of companies receiving seed funding in 2011 had raised a Series A funding by the end of 2012. What's more, nearly a quarter of companies funded in 2011 raised follow-on seed financing compared with just 12% the year before.
3 min read · 25 March 2013
First it was Model N. Then Marin Software. Suddenly 2013 is looking promising for venture-backed enterprise IPOs. This is a good thing for the venture industry’s bottom line.
1 min read · 25 March 2013
Cross Atlantic Capital Partners said it is winding down its vintage 1999 fund, Cross Atlantic Technology Fund, LP, and liquidating portfolio holdings, including 668,572 shares of Rubicon Technology stock. The firm said it will continue actively managing Cross Atlantic Technology Fund II and continue to hold about 4.99 million shares of Rubicon stock and warrants. Rubicon traded for $6.37 on Nasdaq today.
2 min read · 25 March 2013
SFERS has an active year, putting $104M to work in five funds, as venture portfolio sees modest gains
2 min read · 24 March 2013
The Westly Group said it raised a $160 million cleantech venture capital fund with LPs that include Citi, E.ON, the utility company, and Korea based SK Group. The fund is 25% larger than the firm's previous fund.
2 min read · 22 March 2013
Vidyard said it secured $6 million in Series A financing in a deal led by OMERS Ventures and joined by current investors iNovia Capital and SoftTech VC. The company is developing a video marketing platform.
3 min read · 21 March 2013
Private company valuations for security companies are up, but venture investors remain excited about putting to money to work. There is no secret why. Governments and corporations are under attack from cyber hacks, and IT budgets are being freed up for products and services to strengthened digital defenses.
2 min read · 21 March 2013
Concurrent, Inc. said it raised $4 million of Series A funding in a deal led by True Ventures and Rembrandt Venture Partners. The San Francisco company previously raised a $900,000 seed investment in August 2011. The new money will go to product development and for new hires. Concurrent also named Gary Nakamura as CEO.
3 min read · 20 March 2013
A Wisconsin pension fund and research organization have formed a $30 million venture capital fund to focus on early stage IT companies. Called 4490 Ventures, a reference to the 44O N latitude and 90O W longitude lines that approximate the center of the state, the fund is being backed by the State of Wisconsin Investment Board and Wisconsin Alumni Research Foundation are creating an early-stage venture capital fund focused on information technology.
4 min read · 20 March 2013
Ron Conway may have stepped back from funding Y Combinator startups, but FundersClub has stepped in. The online platform for seed investing said it raised a $1.1 million fund to invest in Y Combinator startups.
2 min read · 20 March 2013
