Matrix related stories
All articles and analysis
Reuters: ZestFinance Raises $20 Million from Thiel CapitalZestFinance, a company that licenses out its technology to minimize the risks in making loans, is getting a cash infusion from an entrepreneur who figured out how to make money transfers on the Internet: PayPal's Peter Thiel, Reuters reported.
Altimeter Capital Wants to Hedge Its Bets with Venture FundPlenty of hedge fund managers have dipped a toe into the venture business in recent years. A Boston-based group is taking things a massive step further, though. Altimeter Capital http://www.altimetercapital.com/ – an investment firm that has raised roughly $310 million since 2008 to take long and short positions in mostly public travel companies -- is raising a $75 million venture fund, according to a new Form D http://www.sec.gov/Archives/edgar/data/1581945/000158194513000001/xslFormDX01/primary_doc.xml filed with the SEC.
- Huddle in Partnership With Softcat
Huddle has entered into a partnership with UK reseller Softcat. Huddle provides next generation content collaboration for government and enterprises and is backed by venture capital firms DAG Ventures, Eden Ventures, Matrix Partners and Jafco Ventures.
- GrowthWorks Amends $26M Secondary Deal with UK's Roseway
GrowthWorks Canadian Fund, managed by Vancouver-based GrowthWorks, has entered into a fourth amendment of a 2010 participation agreement with Roseway Capital LP, managed by British venture capital firm Rosetta Capital, pertaining to secondary investments made in the Canadian fund. The change allows for two separate repayments to Roseway totaling $25.7 million to be extended to August 2013.
VCs Bet Big on Software-Defined Networks, Will Customers Follow?Investment is ramping up in software-defined network companies. In the past three years alone, three SDN companies have raised more than $117 million from the likes of Andreessen Horowitz, Benchmark Capital and Lightspeed Venture Partners. Now the question is whether customers will buy SDN solutions.
- SanDisk Ventures Backs Panzura
SanDisk Corp. said on Thursday that its venture arm SanDisk Ventures has invested in Panzura. No financial terms were disclosed. Based in Campbell, Calif., Panzura is a provider of cloud storage solutions.
- Oculus VR Raises $16 Mln in Series A Funding
Oculus VR has completed $16 million in Series A funding. Spark Capital and Matrix Partners were the lead investors. Founders Fund and Formation 8 also participated in the round. Also, Santo Politi, founder and general partner at Spark, and Antonio Rodriguez,general partner at Matrix, have joined the company’s board of directors. Based in Irvine, Calif., Oculus VR is a maker of Oculus Rift, a virtual reality headset.
- Conductor Names New CFO
Conductor, a New York-based provider of SEO technology, said on Wednesday that it has named Jim Caci as its CFO. Prior to joining Conductor, Caci was the CFO of AvePoint. Conductor is backed by Investor Growth Capital, FirstMark Capital and Matrix Partners.
- SageCloud Receives $10 Mln in Series B Financing
SageCloud said on Tuesday that it has closed $10 million in Series B financing. The lead investor was Braemar Energy Ventures. Existing Investor Matrix Partners also participated in the round. Also, Dr. Jiong Ma, a partner at Braemar, will join SageCloud's board of directors. Based in Boston, Massachusetts, SageCloud is a provider of storage systems for archival and backup data.
- Panzura Closes $25 Mln in Series D Funding
Panzura said on Thursday that it has completed $25 million in Series D funding. Meritech Capital Partners led the round with participation from its existing investors Matrix Partners, Khosla Ventures, Opus Capital and Chevron Technology Ventures, the investment division of Chevron. Also, Meritech Capital Partners Managing Director Paul Madera has joined Panzura's board of directors. Based in Campbell, Calif., Panzura is a provider of cloud storage solutions.