Grotech Ventures related stories
All articles and analysis
- Bubble Year IRRs A Drag On SFERS Venture Portfolio: Slideshow
The San Francisco Employees’ Retirement System, like many LPs, loaded up on venture capital funds during 2000 and 2001 when the hope of big Web 1.0 wins peaked and then faded.
- Connecticut’s Big Bet with Venture Funds of Funds: Slideshow
Connecticut's VC portfolio boasts an overall IRR of nearly 13%, but eight of the 13 funds it has backed have negative IRRs.
- LivingSocial Inks $176M of Planned $400M
Daily deal company LivingSocial disclosed in a regulatory filing http://sec.gov/Archives/edgar/data/1439606/000143960611000013/xslFormDX01/primary_doc.xml Wednesday that it has raised $176 million in new financing, with plans to raise a total of $400 million. Reuters, citing an unnamed source, reported that the new financing “doubles the valuation of the daily deals service from its last fundraising round in April.” LivingSocial was planning to go public earlier this year in an IPO that may have raised about $1 billion at a valuation of $10 billion to $15 billion. In the summer, the company picked Bank of America Merrill Lynch, JP Morgan and Deutsche Bank to lead-underwrite the IPO, Reuters wrote. The company's venture investors include Lightspeed Venture Partners, US Venture Partners and Grotech Ventures.
- NexGen Storage Raises $10M
Colorado-based NexGen Storage has closed a $10 million round led by new investor Next World Capital. Existing shareholders Grotech Ventures and Access Venture Partners also contributed to the round.
- OpenQ Adds Shahir Kassam-Adams to Board
Shahir Kassam-Adams has joined the board of directors of OpenQ. Kassam-Adams is currently the Chief Strategy Officer of the Decision Resources Group. OpenQ is a provider of CRM biotech software, and has raised equity funding from investors including Grotech Ventures.