Matrix related stories
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Spotify to buy VC-backed The Echo NestSpotify said Thursday that it will acquire The Echo Nest. No financial terms were disclosed. Headquartered in Somerville, Mass., with an office in San Francisco, The Echo Nest is a music intelligence platform. Its backers include Commonwealth Capital Ventures, Matrix Partners and Norwest Venture Partners.
- CloudBees snags $11.2 mln Series C funds
CloudBees said Wednesday that it has raised $11.2 million in Series C financing. Verizon Ventures led the round with participation from Matrix Partners, LightSpeed Venture Partners and Blue Cloud Ventures. Headquartered in Woburn, Mass., CloudBees accelerates the delivery of mobile and online applications.
- VC-backed HubSpot working with Morgan Stanley on planned IPO - WSJ
According to the Wall Street Journal http://online.wsj.com/news/articles/SB10001424052702304071004579409622450518000?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304071004579409622450518000.html HubSpot is working with Morgan Stanley on an IPO it plans to launch this year. The publication reported that other banks will be involved in the offering. Headquartered in Cambridge, Mass., HubSpot is a marketing software provider. Its backers include General Catalyst, Matrix Partners, Scale Venture Partners, Sequoia Capital, Google Ventures, Salesforce.com, Altimeter Capital, Cross Creek Capital and Charles River Ventures.
- CyberSense secures Series A and opens Silicon Valley HQ
CyberSense, a provider of cloud-based and on-premises cybersecurity solutions, has received $5 million in Series A funding from BRM Group and Opus Capital. The founders have also announced the appointment of cybersecurity industry veteran Carl Wright as president and general manager, North America.
- Rovi agrees to acquire VC-backed Veveo
Rovi Corp has agreed to buy Veveo. The transaction is for approximately $62 million in cash at the closing and up to $7 million in additional cash payments based on meeting certain agreed-upon milestones. Headquartered in Andover, Mass., Veveo is a provider of personalized entertainment discovery solutions. Its backers include Matrix Partners, Norwest Venture Partners and North Bridge Venture Partners.
- Postmates bags $16 mln
Postmates has closed an additional $16 million in Series B financing. Spark Capital led the latest round. In addition to the financing, Spark Capital's Nabeel Hyatt, will join the company's board of directors. Headquartered in San Francisco, Postmates is a provider of on-demand delivery solutions.
- Sequoia Capital leads $50 mln funding round in Cheyipai
Sequoia Capital has led a $50 million financing round in Cheyipai, a Chinese e-commerce company for second-hand vehicles. Existing investors Morningside, Matrix Partners and CITIC Capital joined the funding round. Hina Group worked as exclusive financial advisor.
- Zendesk appointments has SF company nearing IPO filing
Zendesk, the software-as-a-service help desk provider, has announced /2014/02/zendesk-appoints-to-board/ three appointments to its board of directors, as the company is reportedly moving closer to quietly filing registration papers for an IPO.
- Zendesk appoints to board
Zendesk, a provider of cloud software has made three appointments to its board of directors: Caryn Marooney, vice president of technology communications at Facebook; Elizabeth Nelson, former chief financial officer of Macromedia and former Amazon.com general counsel Michelle Wilson. Founded in 2007 and based in San Francisco, Zendesk has offices in seven countries and funding from Charles River Ventures, Benchmark, GGV Capital, Index Ventures, Matrix Partners and Redpoint Ventures.
Biotech dominates VC-backed IPOsCare.com also sees strong reception as 2014 IPO market heats up