BlueRun Ventures related stories
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- VC-backed Kabbage adds three to team
Atlanta-based Kabbagehttps://www.kabbage.com/ a financial services data and tech platform, has beefed up its personnel with several significant new hires. The firm has named Jeff Hodges as chief financial officer and Scott Askins as general counsel and secretary. Also, Richard Schafrann has been tapped to lead Kabbage's capital markets staff. Previously, Previously, Hodges was CFO of Official Payments while Askins was vice president, assistant general counsel and assistant secretary for WebMD Corp. Schafrann is a former managing director at Goldman Sachs. Kabbage's backers include Reverence Capital Partners, SoftBank Capital, Thomvest Ventures, Mohr Davidow Ventures, BlueRun Ventures and Santander InnoVentures.
Year in Review: Plenty of angels and unicorns were spotted in 2015Not all the news of 2015 was about unicorns. But it was certainly the biggest story of the year.
Entrepreneurship goes globalInternational investing will set a record this year as global entrepreneurship booms from Beijing to Bogota
Fund performance: Healthcare funds score big for CalSTRSLarge gains seen from OribMed, Sofinnova, GGV
Best and worst venture funds of the past decade--VCJ fund performance reportTop 10 funds include Union Square, Spark, Emergence, Foundry, ARCH & OrbiMed, based on VCJ research.
Scotiabank, Thomvest Ventures join Kabbage's $135 mln Series EU.S.-based financial technology company Kabbage Inc has secured US$135 million in a Series E financing. The round was led by Reverence Capital Partners as well as ING, Santander InnoVentures and Scotiabank, one of Canada's top banks. Other new and existing investors in the deal included Thomvest Ventures, the US$250 million venture fund of Canada's Peter Thomson. Kabbage, which operates a financial services data and technology platform to provide fully automated funding to small businesses, said it has expanded its credit facility to over US$900 million. The Atlanta, Georgia-based company has raised US$240 million in funding to date.
- Cabot Microelectronics Corp to acquire VC-backed NexPlanar Corp
Cabot Microelectronics Corp has agreed to buy NexPlanar Corp for about $142 million. The deal is expected to close within 30 to 45 days. Based in Hillsboro, Oregon, NexPlanar is a maker of advanced CMP pad solutions for the semiconductor sector. NextPlanar's backers included BlueRun Ventures, Intel Capital, SmartForest Ventures, Finaventures and Interwest Partners.
- Founders Fund leads $50 mln round in Radius
San Francisco-based Radius, a provider of business-to-business predictive marketing software, announced it has raised a $50 million round led by Founders Fund. Formation 8, Glynn Capital Management, Jerry Yang’s AME Cloud Ventures, Salesforce Ventures, BlueRun Ventures and Yuan Capital also participated in the round.
- BetterCompany nabs $6 mln Series A
San Francisco-based employee engagement platform provider BetterCompany has received $6 million in Series A funding. BlueRun Ventures led the round. In addition to the funding, Jeff Tannenbaum of BlueRun Ventures has been appointed to BetterCompany's board of directors.