Highland Capital Partners related stories
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Pixable Adds $3.6M in Series B FinancingNew York-based Pixable, an online social photo company, has added $3.6 million in Series B financing. Menlo Ventures led the round. Highland Capital Partners also participated in the financing. The new cash is aimed at bolstering the company's engineering team and infrastructure, and increasing traffic across multiple platforms, including Web, iPad, iPhone and Android devices.
- Bamboom Labs Seals $4.5M Seed Round
New York-based Bamboom Labs has raised $4.5 million in seed financing to help develop its infrastructure technology, designed to help consumers watch live TV over the Internet. New York-based FirstMark Capital led the round, which included money from High Line Venture Partners, SV Angel/Ron Conway, First Round Capital, and Highland Capital Partners. Bamboon Labs was started by Chet Kanojia, whose previous venture, Navic Networks, was backed by FirstMark Capital and acquired by Microsoft in 2008.
- Bit9 Seals $12.5M from Atlas, Highland, KPCB
Waltham, Mass.-based Bit9 Inc. has raised $12.5 million in new capital, bringing its total funding to $23 million. Atlas Venture led the round, which included investments from existing shareholders Highland Capital Partners, Kleiner Perkins Caufield & Byers, and.406 Ventures. New investor Paul Capital also contributed. Bit9 Inc. is a developer of endpoint security technology.
- Why the Line for the Women's Bathroom Is Significant, and Other Observations from the NVCA's Annual Meeting
Venture capitalists are characteristically an upbeat bunch. It’s sort of a requirement for anyone who makes a living funneling millions of dollars to money-losing companies in the hopes of making enormous profits from the few that succeed. This year, however -- with the industry coming out of a multi-year period of sluggish fundraising and under-performing returns in the wake of the financial crisis -- optimism seems to be on overdrive. As I made the rounds at this year’s National Venture Capital Association Conference in Boston, virtually every venture industry I spoke with said he or she sees see current conditions as more favorable than a year ago. IPOs are back. M&A is picking up. And the closing of several outsized follow-on funds indicates that LPs are dipping their toes back in venture waters. Contrarians might take that as a risky sign. After all, there’s a lot more upside from the bottom of a cycle than near the top. But for now, judging by the vibe at the NVCA conference, VCs are feeling pretty good. Following are some snippets from the panels, events, conversations, and bathroom lines:
- NVCA Elects Paul Maeder Chairman
The National Venture Capital Association has elected Paul Maeder, a co-founder and general partner of Highland Capital Partners, chairman of its board of directors for 2011-2012. Paul Maeder was preceded by Kate Mitchell, managing general partner of Scale Venture Partners. The NVCA also announced that the chairman-elect for 2012-2013 term is Ray Rothrock, general partner of Palo Alto, Calif.-based Venrock. NVCA also added six new members to four-year terms on its board: Jon Callaghan of True Ventures; David Douglass of Delphi Ventures; Bob Goodman of Bessemer Venture Partners; Ray Leach of JumpStart Inc.; Jonathan Leff of Warburg Pincus; and David Lincoln of Element Partners.
- Crosslink Capital Backs Affine Systems
Crosslink Capital led a financing of contextual targeting data provider Affine Systems that totaled $5 million, the firms announced in a joint statement. Highland Capital Partners also participated in the funding round.
- Movik Networks Inks $25M
Movik Networks, a provider of wireless networking products, has raised $25 million in financing. Oak Investment Partners led the round, with participation from previous investors Highland Capital Partners and Northbridge Venture Partners. Movik’s technology is designed to help wireless operators more efficiently deliver large volumes of data across networks. The Littleton, Mass.-based company closed a $8.5 million round in 2009.
- European News Briefs, April 2011
Effectiveness of VCTs questioned; Emerald Technology Ventures invests in Israel-based TaKaDu; and more