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Shopping Site PriceGrabber Buys VC-Backed SnapettePriceGrabber, an ecommerce platform and shopping site, said Tuesday that it has acquired Snapette. No financial terms were disclosed. Headquartered in Los Angeles, Calif., Snapette, which is backed by Accel Partners, 500 Startups, Forerunner Ventures and Shoedazzle Founder Brian Lee, is a location-based fashion shopping app.
- Vungle Scores $6.5 Mln in Series A Financing
Vungle has raised $6.5 million in Series A financing. The lead investor was Crosslink Capital. Existing investors Google Ventures, AOL Ventures, 500 Startups and SV Angel also participated in the round. Based in San Francisco, Vungle is a mobile video ad network.
- BuildersCloud Raises More than $1 Mln Seed Round
BuildersCloud said it has raised more than $1 million in a seed round led by Dave McClure, of 500 Startups, and Rudy Gadre, former senior executive at Facebook and Amazon. Other prominent investors include Denny Hill Capital, TEC Ventures, TA Venture, Linden Rhoads, Sujal Patel, and construction company McKinstry. BuildersCloud, of Bellevue, Wash., provides file-sharing and mobile collaboration for construction professionals. It was founded in June.
VCs Shift Financial Investments Away from Payments to Analytics, Personal FinanceStartups developing technology for the financial industry have long been a target for venture investors. Since 2008, more than $9 billion has been steered into 1,315 deals. The annual total continues to rise. Last year’s dollars committed rose 22% and deal volume climbed 20%.
- 500 Startups Schedules Batch 6 Demo Day In Mountain View, SF, NY
The startup accelerator 500 Startups scheduled demo days for its 6th batch of companies on July 24 in Mountain View, Calif., July 25th in San Francisco and on the 31st in New York. Here is a link to a list of the presenting companies.
VC Fred Wilson On the Dangers of Valuation CreepToo much money in the hands of too few firms. When people talk about the challenges facing venture capital, their criticisms often boil down to this reality. Concentration limits competition and risk taking. It also was at the heart of the critique Union Square Ventures Managing Partner Fred Wilson offered on Thursday.
BBVA’s New Venture Program Looks for Financial Services InnovationSpanish investor has put money into two early-stage firms and backed two portfolio companies
- Intercom Receives $6 Mln in Series A Funding
Intercom has raised $6 million in Series A funding. The lead investor was The Social+Capital Partnership. Freestyle Capital and David Sacks, founder and CEO of Yammer, also participated in the round. Headquartered in San Francisco, Calif., Intercom is a provider of solutions that monitor user behavior.
- InternMatch Raises $4 Mln
InternMatch said Tuesday it raised a $4 million Series A round of funding led by Artis Ventures and Subtraction Capital. The round also includes new investments from previous investors 500 Startups, Kapor Capital, Rudy Gadre and others. InternMatch is a platform for helping companies find and hire talented students.
- Twilio Rings Up $70M Round
Cloud communications company Twilio has raised a $70 million Series D round co-led by Redpoint Ventures and Bessemer Venture Partners, with Draper Fisher Jurvetson also participating. As part of the deal, Scott Raney, a partner with Redpoint, has joined the board. The San Francisco-based company has now raised about $103 million n total funding.