Matrix related stories
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Xero Raises $49M in Equity FinancingNew Zealand software company Xero, which makes online accounting software for small businesses, has closed on $49 million in new funding. Existing investors Valar Ventures and Matrix Capital Management invested $49 million, and also purchased $18 million in additional shares from Xero's three largest shareholders. Of the $67 million total, Matrix Capital Management is investing $47 million and Valar Ventures $20 million, the firms said in a statement. Xero has U.S. offices in San Francisco.
Zendesk Ready for 2013 IPO: SourcesAs Zendesk CEO Mikkel Svane welcomes little Eva Svane to the world, sources say investors should be looking forward to 2013, when public markets can expect the company's IPO. Seems Svane is due double congratulations.
- Simply Hired Names James Beriker President and CEO
Simply Hired, the Sunnyvale, Calif.-based job search engine company, has appointed James Beriker as president and CEO. Beriker recently led targeting and performance businesses at Yahoo; he also cofounded Search123, one of the first pay-per-click search engines, which was acquired by ValueClick in 2003.
- HubSpot Secures $35m Mezz Financing
Marketing software firm HubSpot has secured a $35 million mezzanine financing round from investors including Altimeter Capital, Cross Creek Capital, and previous investors. This fundraising marks $100 million in total financing for HubSpot. The proceeds will be used to fund further growth in the company through hiring, international expansion, and acquisitions.
- Conductor Secures $20m Series C
Conductor, a search engine optimization technology business, has secured $20 million in Series C financing led by Investor Growth Capital. Existing investors FirstMark Capital and Matrix Partners also participated in the round.
- textPlus Raises Funds Led by The Raine Group
textPlus, a provider of free mobile communications worldwide, has raised $18 million in capital led by The Raine Group. Previous textPlus investors Kleiner Perkins Caufield Byers, Matrix Partners and GRP Partners have also joined in this fourth round of funding for the company. Proceeds will be used towards international expansion, product development and strategic acquisitions.
- Reuters – Video Tech Company Skyfire Inks $10M
Venture capital firm Panorama Capital and others have invested $10 million in video technology company Skyfire, which plans to expand into European and Asian markets on the back of surging usage of video on wireless devices, Reuters reported. Skyfire's technology compresses video, increasing the capacity of the base stations of telecommunication networks by more than a third. Skyfire's previous investors - the venture arm of Verizon Communications Inc., Lightspeed Venture Partners, Matrix Partners and Trinity Ventures - put also additional money into the California-based Skyfire, which has now raised a total of $41 million.
- Technology Crossover Ventures Expands into Europe
The growth-stage investor could seek to raise its eighth fund soon
- Busy as Ever, Technology Crossover Ventures Expands into Europe
Technology Crossover Ventures, the tech-focused, growth-stage venture capital firm based in Palo Alto, is apparently seeing more opportunity across the Atlantic.
- Work4 Labs Attracts Series A from Matrix Partners
Work4 Labs has received $11 million in Series A funding from Matrix Partners and a group of select industry experts. Work4 Labs uses Facebook and other social networks to help businesses hire for positions at every level, from hourly workers to mid-level executives.