Blumberg Capital related stories
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Blumberg Capital closes $150 mln Fund IIIBlumberg Capital has closed its third fund, a $150 million venture fund that focused on seed and early stage investing in tech startups. The firm reaped a 52x return on its initial investment in HootSuite, according to David Blumberg, the firm's managing partner.
- Icon Venture Partners leads Series A round for Appboy
Appboy said Wednesday that it has closed $7.6 million in Series A financing. Icon Venture Partners led the round with participation from IDG Ventures, Blumberg Capital, T5 Capital, Bullpen Capital, Accelerator Ventures and Buddy Media CEO Mike Lazerow. According to the company, the capital will be used to build its sales and marketing team as well as expand its product offerings. Based in New York City, Appboy is a platform for mobile relationship management.
- Vancouver's HootSuite appoints Mandel as managing director for Asia Pacific
HootSuite has named Ken Mandel as managing director for the Asia Pacific region. Previously, Mandel worked at Salesforce.com where he served as a managing director of marketing cloud for Asia Pacific. Headquartered in Vancouver, HootSuite is a social media management provider. It is backed by Blumberg Capital, Insight Venture Partners, Accel Partners and OMERS Ventures. Update: In August, peHUB Canada interviewed /2013/08/12/hootsuite-founding-member-maple-syrup-mafia-we-ask-omers-john-ruffolo/ OMERS Ventures' John Ruffolo about HootSuite's recent US$165 million Series B financing round.
Fast-growing startups deliver huge returns, shake up venture business -- VCJ reportFast-growing startups are changing the risk-reward dynamic for VCs, doling out enormous return multiples for savvy (and lucky) early investors and forcing later-stage investors to buy in at the kinds of valuations formerly reserved for portfolio company exits.
The Series A LotteryEarly-stage scrutiny grows as an excessive supply of companies and larger round sizes make picking winners trickier
Silicon Valley Leads by a Mile in Creating Hyper-Growth StartupsThe 4 Internet companies with the fastest reported or rumored valuation increases in the Bay Area are: Uber, Square, Airbnb and Pinterest
- Parse.ly Raises $5M From Blumberg, Grotech, ff Venture, FundersClub
Parse.ly said it raised $5 million of Series A funding in a deal led by Grotech Ventures and joined by Blumberg Capital, ff Venture Capital, and FundersClub. The company is developing content analysis and optimization technology.
More VCs Prefer the Fast-Climbing StartupsToday’s most valuable VC-backed companies are growing fast, affecting deals and what investors look at
- Parse.ly Raises $5 Mln
Parse.ly has raised an additional $5 million in a series A funding round led by Grotech Ventures with participation from Blumberg Capital, ff Venture Capital, and FundersClub. New York-based Parse.ly provides analytics to publishers
- Battery Ventures Leads $11 Mln Round for Cyvera
Cyvera said Tuesday it raised $11 million in venture capital funding led by Battery Ventures. Serial entrepreneurs Prof. Ehud Weinstein and Dr. Ofir Shalvi, joined the round as well. San Francisco-based Cyvera provides cyber defense solutions to stop zero-day attacks.