Formative Ventures

Mashery's sale to Intel for a reported $180 million-plus appears to be a good outcome for Mashery's venture investors, including.406 Ventures, Cisco Systems, First Round Capital, Formative Ventures, OpenView Venture Partners and SoftTech VC.

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 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.

Santa Clara, Calif.-based Samplify Systems Inc., a maker of semiconductors and sub-systems for medical, industrial, wireless and scientific markets, has closed on $11.2 million. The Series B round will help the company expand. Publicly traded Integrated Device Technology participated in the round, as did Charles River Ventures, Formative Ventures and publicly traded Schlumberger.

A weekly letter from the VCJ editor about who we're meeting and what we're hearing on the grapevine.

Moment Ventures has raised $12.5 million for its sophomore fund, according to an SEC filing https://www.sec.gov/Archives/edgar/data/1707579/000170757917000001/xslFormDX01/primary_doc.xml The target was $50 million. Based in Palo Alto, California, Moment is a seed and early-stage venture firm that invests in the infrastructure of everything companies.

Seven Peaks Ventures has set out to raise a $30 million second venture fund, according to a filing with the SEC.

Soasta said Thursday that it raised $30 million in debt funding led by Tennenbaum Capital. Also participating were existing investors Canaan Venture Partners, Pelion Venture Partners and Formative Ventures. Mountain View, California-based Soasta provides performance analytics.

SOASTA said Tuesday that it has hired Gamiel Gran as chief strategy officer. The appointment is effective immediately. Previously, Gran worked at Sierra Ventures where he was a partner. Headquartered in Mountain View, Calif., SOASTA is a provider of cloud and mobile testing solutions. Its backers include Macquarie Capital, ROTH Capital, Canaan Partners, Formative Ventures and Pelion Venture Partners.

New managers continue to find fundraising success, with nearly 40 first-time funds raised in 2013. Here’s what you need to know if you’re thinking about launching a new fund.

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.

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.