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VR venture capital alliance launches with $10 bln fundThe Virtual Reality Venture Capital Alliance, a members-only organization focused on backing virtual reality, augmented reality and mixed reality startups, has launched with a $10 bln fund, according to an announcement http://www.vrvca.com/#overview on its site.
Google Capital invests in Care.comGoogle Capital has invested $46.35 million in Care.com Inc. Google Capital, a growth equity fund backed by Alphabet Inc, said it is the largest shareholder in Care.com. Waltham, Massachusetts-based Care.com, an online marketplace for finding and managing family care, said is used part of the proceeds to repurchase 3.7 million shares of its common stock from Matrix Partners for $30.5 million. Morgan Stanley acted as placement agent to Care.com and Latham & Watkins served as Care.com’s legal counsel in the transaction.
- Google Capital invests in Care.com
Waltham, Massachusetts-based Care.com, an online marketplace for finding and managing family care, has raised $46.35 million in funding. The investor was Google Capital. In addition to the funding, Laela Sturdy, a partner at Google Capital, has been added to Care.com's board of directors. Morgan Stanley served as placement agent.
IPO Aftermarket: VC-backed tech IPOs slowly trickle inAcacia Communications became the first VC-backed tech IPO on May 12
Leaders Fund signs up for $8 mln investment in ZaiusZaius, a business-to-consumer marketing startup, has closed a US$8 million investment. It was led by _Underscore.VC and joined by Leaders Fund, a Canadian venture capital firm that launched an enterprise software fund in January /canada/2016/1/leaders-fund-unveils-debut-100-mln-fund/ Existing investor Matrix Partners also participated. Based in Boston, Zaius aims to empower direct-to-consumer marketers to maximize customer lifetime value by unifying all interaction data in a single platform. It plans to use the funds raised to grow sales and marketing, enhance its technology, and expand partnerships.
- Leaders Fund signs up for $8 mln investment in Zaius
Zaius, a business-to-consumer marketing startup, has closed a US$8 million investment. It was led by _Underscore.VC and joined by Leaders Fund, a Canadian venture capital firm that launched an enterprise software fund in January /canada/2016/1/leaders-fund-unveils-debut-100-mln-fund/ Existing investor Matrix Partners also participated. Based in Boston, Zaius aims to empower direct-to-consumer marketers to maximize customer lifetime value by unifying all interaction data in a single platform. It plans to use the funds raised to grow sales and marketing, enhance its technology, and expand partnerships.
- Underscore.VC leads funding of Zaius
Boston-based Zaius, a provider of a brand engagement marketing platform, announced it has raised $8 million in funding. The round was led by newly launched Boston venture firm Underscore.VC and includes Leaders Fund and previous investor Matrix Partners. The company, founded in 2012, previously raised a $6.3 million round in 2014. Leading the investment at their respective firms are brothers Michael Skok of Underscore and David Skok of Matrix Partners, both of whom sit on the board.
- True Ventures leads funding round in Loggly
San Francisco-based Loggly, a provider of cloud-based, enterprise log-management solutions, announced it has raised $11.5 million in funding led by True Ventures. Other investors include Matrix Partners, Cisco, Trinity Ventures, Harmony Partners and Data Collective Venture Capital. The company has now raised about $44 million in total funding.
- True Ventures leads funding round in Loggly
San Francisco-based Loggly, a provider of cloud-based, enterprise log-management solutions, announced it has raised $11.5 million in funding led by True Ventures. Other investors include Matrix Partners, Cisco, Trinity Ventures, Harmony Partners and Data Collective Venture Capital. The company has now raised about $44 million in total funding.