Sumo Logic said it raised $28.5 million in Series C funding in a deal led by Accel Partners and joined by existing investors Greylock Partners and Sutter Hill Ventures. The log management company has now raised $49 million in venture funding.
3 min read · 28 November 2012
Third quarter venture deal making saw a softening of early and growth stage valuations, but a continued high level of competition in later rounds. Median pre-money valuations fell in Series A and B deals, and up rounds across all stages of venture financing slumped modestly to 71% of deals compared with 77% in the second quarter, the law firm Cooley reports.
1 min read · 27 November 2012
TxCell SA said it raised $16 million in a third round of financing supported by the InnoBio fund, managed by CDC Entreprises, and existing shareholders Auriga Partners and Seventure Partners. InnoBio contributed about $7.8 million to the round.
5 min read · 26 November 2012
With nearly 11 months in the record books, 2012 stands out as the year of the enterprise and IT-related venture-backed IPO. Enterprise- and IT-related deals make up 40% of this year’s venture-funded initial public offerings, according to a peHUB analysis.
2 min read · 23 November 2012
500 Startups wants to raise $5 million for an Indian fund it is calling 500 StartupWallah, according to a filing with the Securities and Exchange Commission. The fund has not yet had a first close, the filing says. The fund lists David McClure, 500 Startups founding partner, as its lone managing partner.
1 min read · 21 November 2012
Crossbar has raised $20.59 million, according to a filing with the Securities and Exchange Commission. The memory chip maker, which has backing from Kleiner Perkins Caufield & Byers, Artiman Ventures, Northern Light Venture Capital and the University of Michigan, had set out to raise $21 million, the filing said. Another $445,000 of equity remains to be sold.
1 min read · 21 November 2012
Proterra Inc. said it raised $23 million of Series B financing in a round led by Hennessey Capital and joined by existing investors Kleiner Perkins Caufield & Byers, GM Ventures, Mitsui & Co. Global Investment, Inc., 88 Green Ventures and Vision Ridge Partners. Rajiv Ghatalia, founder of Hennessey Capital, will join the board of the electric bus maker as an advisor.
3 min read · 21 November 2012
Kleiner Perkins Caufield & Byers launched a program to match student designers with its portfolio companies. The Design Fellows Program is a 3-month program intended to give students designers the opportunity to work with Kleiner-funded startups.
3 min read · 20 November 2012
Cisco Systems said it would acquire privately held Meraki Inc., a San Francisco cloud networking startup with investors including Sequoia Capital, Google and DAG Ventures. Cisco will pay about $1.2 billion in cash and retention-based incentives. Meraki’s offerings will expand Cisco’s product portfolio in the midmarket.
3 min read · 19 November 2012
SecondMarket’s real long-term value may finally be emerging as a private company stock buy-back site. This seems to be the conclusion of the company’s third-quarter transaction report, issued earlier this month.
2 min read · 17 November 2012
