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VC-Backed Infinio Names Two to Advisory BoardInfinio said Wednesday that it has named Darren Thomas and Mike Tuchen to its advisory board. Recently, Thomas served as general manager and vice president of Dell's enterprise storage and networking divisions while Tuchen was CEO of Rapid7. Based in Cambridge, Mass., Infinio, which is backed by Highland Capital Partners, Bessemer Venture Partners and Lightspeed Venture Partners, is a provider of storage performance solutions.
- VC-Backed Nebula Names New Board Member
Nebula said Wednesday that it has named Mark Leslie to its board of directors. Leslie is the former chairman and CEO of Veritas Software. Headquartered in Mountain View, Calif, Nebula, which is backed by Kleiner Perkins Caufield and Byers and Highland Capital Partners, is a provider of cloud solutions.
- BlueTarp Closes $15m Funding Round
BlueTarp Financial, a credit provider for the building supply industry, has closed a $15 million equity round led by new investor Long Ridge Equity Partners. BlueTarp's existing investor group, including Highland Capital Partners, Flybridge Capital Partners, Village Ventures and Trinity Ventures also participated in the round.
- Rent the Runway Acquires Go Try It On
Rent the Runway, which provides rentals of designer clothes, has acquired VC-backed Go try It On, which operates a mobile app for users to share photos and solicit feedback on the clothes they wear. Financial terms of the deal were not disclosed. Go Try It On had raised about $3 million in funding from Index Ventures and other investors.
Fund Performance: Mass PRIM Sticks With What’s FamiliarPension fund stays focused on its top, local venture relationships, which include Battery, Spark, TCV, Insight and Union Square
- Highland Capital and Leap Motion Pair Up to Launch $25 Mln Fund
Highland Capital Partners and Leap Motion have teamed up to launch a $25 million Leap Fund. The fund will focus on supporting entrepreneurs and investing in a number of sectors that include education, security, healthcare IT, big data and productivity. Leap Motion is a provider of 3-D motion technology.
- Reuters - Gigamon Shares Soar in Debut
Shares of Gigamon Inc, a maker of data traffic management software, jumped as much as 37 percent in their market debut, underscoring investor confidence in enterprise software start-ups, writes Reuters. The company, valued at about $680 million at the opening price, is backed by Highland Capital Partners.
Sponsor-Backed IPO Market On Fire; More Deals QueuedNavigating the collapse of Lehman Brothers, the worst economic downturn since the 1930s, the European debt crisis, the fiscal cliff and other woes, U.S.-based buyout shops still managed to raise $69.8 billion through 206 initial public offerings of portfolio companies from 2007 to May 20, 2013, according to an estimate based on Thomson Reuters data.
Fundraising Report: Matrix Wraps Up Fund X in AprilScales goes past target, Inisght raises large fund and has more planned plus other fundraising news from the previous month
- Zoove Gets $15M From Rogers Ventures, Panorama, Other VCs
Rogers Ventures, the venture capital arm of Rogers Communications Inc., joined Panorama Capital in a US$15 million Series E financing of New York-based Zoove Corp., which operates StarStar and StarStarMe, a mobile phone number service. The company also received investment from Worldview Technology Partners and Highland Capital Partners. The new funds will support Zoove's continued growth, with emphasis on product expansion, business development and marketing.