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Affirmed Networks Receives $51 Mln in Series C FundingAffirmed Networks said on Wednesday that it has received $51 million in Series C funding. The lead investor was Bessemer Venture Partners. KCK Group also participated in the round. Also, Bob Goodman, partner at Bessemer Venture Partners, will join the Affirmed Networks' board of directors. Based in Acton, Mass., Affirmed Networks is a provider of mobile network solutions.
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
- GrowthWorks Amends Secondary Investment Agreement with Roseway
GrowthWorks Canadian Fund, managed by Vancouver-based GrowthWorks, has amended an agreement with Roseway Capital LP, managed by British venture capital firm Rosetta Capital, pertaining to a $20 million secondary investment made in the Canadian fund in 2010. The amendment allows for repayment in June 2013. The Roseway investment agreement, which may be subject to further changes, was intended to provide additional capital for follow-on investments and enhance the Canadian venture capital fund’s operating and financial flexibility.
- Matrix and GrowthWorks to Address Regulatory Concerns
Vancouver-based asset and wealth management company Matrix Asset Management Inc. and its subsidiaries, which include venture capital firm GrowthWorks, announced they are pursuing measures for "re-establishing compliance with regulatory working capital requirements." Earlier in May, Matrix issued operating results for the first quarter of 2013 showing a working capital deficit of $7 million. The company has arranged for loan financing and will examine steps to consolidate subsidiary operations to enhance efficiency.
- Acacia Raises $20M From Summit, Matrix, Commonwealth, Egan
Acacia Communications said it raised $20 million in a round led by Summit Partners and joined by existing investors Matrix Partners , Commonwealth Capital Ventures and Egan Managed Capital. Summit Partners Managing Director Peter Chung will join the company's board.
Matrix Raises $450M Fund XMatrix Partners said its raised a $450 million 10th fund with a focus on early stage technology investing. The Boston-based firm with offices in Silicon Valley, China and India said the fund is its third consecutive $450 million fund.
Chasing Same-Day DeliverySuddenly, there’s no shortage of companies offering same-day delivery, and some VC-backed startups are speeding to get in on the action
VCs on the Move: Sumeet Jain, Matt Turck and OthersIntel Capital lures Sumeet Jain from CMEA; Draper Triangle adds Will Indest; Matt Turch jons FirstMark; and other personnel moves
Where the Action isVenture-backed enterprise IPOs were last year’s bright spot. They could be again in 2013. VCJ has a list of the top candidates.
- QPID Raises $4 Mln in Funding
QPID said Wednesday that it closed $4 million in funding from investors including Matrix Partners, Partners Innovation Fund, Massachusetts General Physicians Organization and Cardinal Partners. Brandon Hull, Cardinal Partners' managing GP, is joining QPID’s board. Boston-based QPID provides electronics health records software.