Blumberg Capital related stories
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Data storage company Nutanix to hire banks for IPO - ReutersNutanix, a maker of server and storage systems, is in talks to hire underwriters for an initial public offering later this year that could value the U.S. company at more than $2.5 billion, including debt, sources told Reuters News.
- MakeMyTrip buys VC-backed Mygola
MakeMyTrip has acquired Mygola, the latter announced in a blog post http://blog.mygola.com/2015/04/makemytrip-acquires-mygola/ on its site. No financial terms were disclosed. Based in Chevy Chase, Maryland and Bangalore, Mygola is an online travel guide. Its backers included 500 Startups, Blumberg Capital and Helion Venture Partners.
The valuation boom (or bust)With valuations at an all-time high and investment risk on the rise, some VCs are wisely showing caution
- Lendio nabs $20.5 mln
Utah-based small business lending marketplace Lendio has secured $20.5 million in funding. The investors were Napier Park's Financial Partners Group, Blumberg Capital, North Hill Ventures, Pivot Investment Partners and previous backers Tribeca Venture Partners, Runa Capital and Highway 12 Ventures. In conjunction with the funding, Dan Kittredge, managing director at Napier Park, and Chris Gottschalk, principal at Blumberg Capital, have been appointed to Lendio's board of directors.
- General Catalyst leads Series B round for Fundbox
San Francisco-based Fundbox, a cash flow optimization tool for small businesses, has received $40 million in Series B funding. General Catalyst Partners led the round with participation from other investors that included Khosla Ventures, Shlomo Kramer, Blumberg Capital and NyCa Investment Partners. Also, Hemant Taneja of General Catalyst has been added to Fundbox's board of directors. In addition to the Series B financing, Fundbox has also received a new credit facility from Silicon Valley Bank and other unidentified institutions. No financial terms were disclosed.
- CoverHound raises $14 mln
CoverHound said Monday it raised $14 million in Series B financing with participation from existing investors RRE Ventures, Blumberg Capital and Bullpen Capital. New investors Core Innovation Capital, Thomas Lehrman, Tugboat Ventures, Route 66 Ventures and American Family Ventures, the venture capital arm of American Family Insurance also took part. San Francisco-based CoverHound helps consumers find, compare and purchase insurance policies on one site. The company has raised over $20 million in VC funding.
Fund briefs recapEmergence, which scored big with the Veeva IPO in October 2013, raises $335 million for its fourth fund; plus other venture-related news from the United States, Asia and Europe
- Bento for Business nets $2.5 mln
San Francisco-based Bento for Business, which provides financial services for small businesses, has raised $2.5 million in funding. Anthemis Group led the round with participation from other investors that included Blumberg Capital, LionBird and Pivot Investment Partners.
- Bento for Business raises $2.5 mln
Anthemis Group led a $2.5 million seed round of financing for Bento for Business. Other participants in the round include Blumberg Capital, LionBird and Pivot Investment Partners. San Francisco-based Bento for Business provides financial services for small businesses.
August, Aspect, Blumberg to raise money, Cendana gets another $40 mlnA cornucopia of fundraising filings have come in from multiple venture firms