Formative Ventures related stories
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PE ready for its close up(2)Yet another private equity firm is taking a star turn: Sandlot Venture Group is set to back two sports films with a $25 million fund.
- PE ready for its close up
Yet another private equity firm is taking a star turn: Sandlot Venture Group is set to back two sports films with a $25 million fund.
- InboundWriter Adds $2.5M
InboundWriter, maker of an online content optimization system for writers, has raised $2.5 million in new funding and named Skip Besthoff as its chief executive officer. The company is backed by Castile Ventures, Rho Canada Ventures, Formative Ventures, The Entrepreneurs' Fund III, and Crosslink Capital. Besthoff takes the top post after being a long-time board member and investor in the company through Castile Ventures.
- SOASTA Adds $12M for App Testing
SOASTA has added $12 million in fresh capital from existing shareholders The Entrepreneurs' Fund, Canaan Partners, Formative Ventures and Pelion Venture Partners. The latest round brings SOASTA’s total raised to $32 million. The Entrepreneurs' Fund led the round, “significantly” increasing its stake, says Chief Executive Tom Lounibos. “It was pro rata or a slight uptick for everyone else,” he says.
- Eightfold Logic Launches InboundWriter, Adds $2M
Eightfold Logic launched its cloud-based social writing application, InboundWriter, Monday and announced a $2 million infusion of venture capital. The Series C funding came from existing investors including Rho Canada Ventures, Castile Ventures, Formative Ventures, and The Entrepreneurs' Fund III. This round brings the total raised to nearly $20 million.
- Social Scene: Khosla to Give Away Half of Fortune, Kvamme Moving to Columbus (Huh?), Bussgang Hangs with SEAL Team 6, More
In this week’s Social Scene, Eric Schmidt is building fancy new digs for his personal VC firm; Joanna Rees has convinced Reid Hoffman, Marc Pincus and others to back her bid to be mayor of San Francisco; Vinod Khosla says he will donate half of his fortune to charity; Mark Kvamme is moving to Ohio (seriously!); Jeff Bussgang hangs with the famed SEAL Team 6, Robert Simon, Eric Wright and Katja Gehrt all have birthdays coming up, and more. Schmidt in building mode Onetime Google CEO Eric Schmidt is building out the “entire top floor” of a building in downtown Palo Alto, Calif., for his personal investment firm, Tomorrow Ventures, reports Peter Delevett http://www.mercurynews.com/rss/ci_18050303?source=rss&utm_source=twitterfeed&utm_medium=twitter&nclick_check=1 of the San Jose Mecury News. Delevett spoke to a commercial real estate broker who speculated
- Mashery Raises $11 Million
Mashery has raised $11 million in funding. OpenView Venture Partners led the round that had participation from existing investors: Cisco, Formative Ventures, First Round Capital and .406 Ventures. Mashery plans to use the financing to broaden its current offering and to expand its sales and marketing activities. Mashery is a San Francisco, Calif.-based provider of Application Programming Interface management tools and services.
- Capella Intelligent Subsystems Adds $20M
San Jose, Calif.-based Capella Intelligent Subsystems, which makes wavelength selective switches for use in reconfigurable optical add/drop multiplexer and optical cross connects, has closed on $20 million in new financing. Black Diamond Ventures led the round. SingTel Innov8, the corporate venture arm of the SingTel Group, also contributed to the round, as did Levensohn Partners, Formative Ventures, Lucas Venture Group and Rustic Canyon Ventures. The money will be used for growth, new products and operational improvements, the company said.