500 Startups said it has added two venture partners. Pankaj Jain will be stationed in India and Shai Goldman, in New York City, according to the firm's Web site. Goldman was most recently with Silicon Valley Bank and will invest in Boston as well as New York. Jain was previously consulting for the TLabs accelerator in New Delhi.
1 min read · 04 October 2012
Punchbowl.com said it secured $1.5M in debt financing from Silicon Valley Bank. The company has previously raised $4 million in equity financing and has Contour Venture Partners and Intel Capital as backers.
3 min read · 03 October 2012
Venture capital activity retreated around the globe in the third quarter with dollars invested falling 20% and the deal total slipping eight percent from the second quarter, according to Preqin.
1 min read · 03 October 2012
Betterment said it raised $10 million in a Series B financing led by Menlo Ventures and joined by existing investors Bessemer Venture Partners and Anthemis Group. Since its launch in 2010, Betterment, an online investment service, has increased customer assets under management 500% a year, according to a press release.
5 min read · 03 October 2012
The venture capital arm of the computer chipmaker said Tuesday it invested $250 million in emerging companies though September with 58% of its dollars going to startups outside North America. The pace, if continued through the fourth quarter, suggests annual investing of $333 million, well behind the $526 million of 2011.
1 min read · 02 October 2012
Intel Capital said Tuesday it invested about $40 million in 10 startups, including Box, Hungama.com and Jelli. The announcement was made at the organization's two-day Global Summit in California. The focus of the companies varies from cloud collaboration and digital entertainment to mobile payments and device interaction. Along with Box, the new portfolio companies include LIFO Interactive, NewAer, PagPop, Tier 3, Transmension, FocalTech and UUCun. Individual deal details were not disclosed.
6 min read · 02 October 2012
SOASTA said it has acquired LogNormal, the developer of measurement and monitoring technology for mobile and web applications. The purchase closed in September. No terms were released.
6 min read · 02 October 2012
NestGSV, Inc. said it launched its nestGSV startup accelerator in Redwood City, Calif. The accelerator's initial focus will be ed tech; health and bio tech; cloud, SAAS and big data; mobile and wireless; software; eCommerce; ePay; gaming and social; and cleantech.
4 min read · 02 October 2012
Biophytis said it raised $2.6 million in a B round. Metabrain Research, a spinoff of Merck Serono, joined existing investors Seventure partners and CM-CIC Capital Prive in the financing.
4 min read · 01 October 2012
Kleiner Perkins Caufield & Byers said it launched its 2013 Engineering Fellows program for undergraduate and graduate students enrolled at U.S. universities who are studying computer science, engineering, mathematics, physics or fields related to software development. The 2013 Engineering Fellows Program is now accepting applicants.
2 min read · 01 October 2012
