HubSpot, coming off a recent fundraising in which it reeled in $32 million in Series D funding from Sequoia Capital, Google Ventures, and Salesforce.com, acquired @oneforty, the social media marketing company based in Massachusetts. Among @oneforty’s backers are Rich Miner, Lee Hower, Dave McClure, Flybridge Venture Partners and Javelin Ventures.
2 min read · 18 August 2011
Birchbox, the fashion and deals website, has landed $10.5 million in Series A capital from VC Accel Partners, which led the round. Investors, including First Round Capital, that participated in the company’s September 2010 seed financing also joined in the transaction. Birchbox was founded by Hayley Barna and Katia Beauchamp.
3 min read · 18 August 2011
Strategic Value Partners, the Connecticut-based private equity firm, sold its ownership position in Liberty Electric Generation Holdings to Energy Capital Partners, the energy-focused PE shop. Liberty owns a facility that operates near Philadelphia. SVP began investing in Liberty Electric’s debt and acquired 100% equity in 2007. J.P. Morgan is acting as exclusive financial advisor to Liberty Electric and SVP, and Milbank, Tweed, Hadley & McCloy LLP is representing SVP on the sale. Barclays Capital is acting as financial advisor to ECP and Latham & Watkins LLP is representing ECP with respect to the announced transaction.
3 min read · 18 August 2011
GoodData, the provider of cloud business intelligence, closed a $15 million round led by Andreessen Horowitz, with existing investors General Catalyst Partners, Fidelity Growth Partners and Windcrest Partners also contributing. John O’Farrell, general partner with Andreessen Horowitz, and Dave Girouard, president of Google Enterprise, will join the company’s board as part of the deal.
4 min read · 18 August 2011
U.S. private equity firm Warburg Pincus LLC and venture capital firm Kleiner Perkins Caufield & Byers will jointly invest $100 million in China fashion shopping website operator Xiu.com, a source with direct knowledge of the matter told Reuters on Wednesday.
1 min read · 18 August 2011
Lombard Investments, the private equity firm with offices in Bangkok, Hong Kong and San Francisco, has exited its investment in Central Pattana PLC, a Thailand shopping mall developer, netting it a 7.1x return on its $24 million investment, totaling $170 million. Lombard invested in the company in 2003.
3 min read · 18 August 2011
3 min read · 18 August 2011
Andy Miller, co-founder and former CEO of Quattro Wireless—and, more recently, Apple, where he led mobile advertising and reported to Steve Jobs, is leaving the company to join venture capital firm Highland Capital Partners. As Highland was a backer of Quattro—which was ultimately acquired by Apple—the move isn’t completely shocking. Miller will join Highland in the company’s Menlo Park office.
3 min read · 17 August 2011
10 min read · 17 August 2011
Atlas Venture, Longworth Ventures, Correlation Ventures and a group of angels are providing PowerInbox, the open platform for e-mail service, with $1.1 million in funding. PowerInbox raised most of these funds through AngelList, the community of startups and investors.
2 min read · 17 August 2011
