Fortem said it raised $1.43 million from the Anges Québec group, the Anges Québec Capital fund, and other private investors. Of the total, the Anges Québec Capital fund contributed $500,000 and an additional $525,000 came from individual members of Anges Québec including Jean-Guy Gourdeau. Montreal-based Fortem said the current round of funding remains open until February to an additional $2.1 million.
3 min read · 16 November 2012
Fenwick & West’s quarterly study of private company valuation trends in Silicon Valley found up rounds exceeded down rounds by 61% to 17% in the third quarter. This wasn’t quite as ebullient as the second quarter, when 74% of deals had higher valuations.
2 min read · 15 November 2012
Jerusalem Venture Partners for the first time publicly released net IRRs for several of its funds, showing solid performance for a pair of 1990's vintage funds. The firm, based in Israel, said its 1993 vintage JVP I generated an IRR of 54.2% and its 1997 vintage JVP II posted an IRR of 56.1%. The firm's JVP IV, vintage 2000, has a net IRR of 3.4%.
2 min read · 13 November 2012
Zoomdata said it raised $1.1 million in seed-round funding from angel and institutional investors. The 12-person data visualization company will use the money to hire new engineers. Investors include Hemang Gadhia, former founder of Condaptive.
3 min read · 13 November 2012
DataSift said it raised $15 million in Series B funding led by Scale Venture Partners and joined by Northgate Capital and Daher Capital. Rory O’Driscoll, managing director at ScaleVP, has joined the board.
4 min read · 13 November 2012
Xtime said it raised $23 million in a deal led by Bessemer Venture Partners and joined by Lumia Capital and existing investors RPM Ventures and Saints Capital. The company said Jeremy Levine, a Bessemer partner, and DFJ Venture Partner Heidi Roizen have joined the board.
5 min read · 13 November 2012
Arboretum’s Jan Garfinkle chats about how plenty of health care deals are available in the Midwest and at fair valuations
4 min read · 12 November 2012
NEA has one of the best performers in the state pension fund, while two OVP Venture Partners funds rank in the bottom
2 min read · 12 November 2012
Most major corporations are on the road to cloud computing, right? Asked at the Sierra Ventures CIO Summit whether they were spending money on public or private clouds, a roomful of CIOs gave an answer that may surprise you.
2 min read · 08 November 2012
Want to best understand the big data opportunities within reach of your portfolio companies? Then ask some of the world’s biggest enterprises about their most pressing needs. This was my goal in attending this year’s Sierra Ventures CIO Summit.
2 min read · 08 November 2012
