Matrix related stories
All articles and analysis
Taulia Hauls Series B RoundDAG Ventures led a $8.5 million round in taulia Inc., the cloud-based discounting solutions provider for the SAP space. DAG was the lead investor, and is a new investor; Matrix Partners and Trinity Ventures, existing investors, also participated. Josh Hannah, general partner with Matrix, Trinity’s Noel Fenton and Greg Williams, Managing Director of DAG Ventures, worked on the transaction.
- CloudBees Raises $10.5M Series B
Boston-based start-up CloudBees has closed on $10.5 million in Series B financing led by Lightspeed Venture Partners. Matrix Partners also participated in the round. The company, which develops a platform-as-a-service for running applications in the cloud, previously nabbed $4 million in Series A financing. The money will help bolster marketing and sales efforts, as well as to expand product capabilities, the company said. John Vrionis, managing director at Lightspeed, will join the board.
- Sequoia Leads $10 Mln Round for MoboTap
Sequoia Capital is leading a $10 million Series A round for MoboTap. Matrix Partners is also participating. MoboTap is the mobile technology developer behind the Dolphin Browser.
- Slideshow: Quattrone Is Back with a Vengeance; His Qatalyst Partners Has Advised PopCap, GoDaddy and 11 Others this Year
It feels like Qatalyst Partners is everywhere these days. This week, Frank Quattrone's investment bank advised on two big-name deals. The most notable was Electronic Arts' proposed buy of PopCap http://news.cnet.com/8301-13506_3-20078900-17/ea-acquires-popcap-games-for-digital-push/ (Quatalyst advised PopCap) and the second was Citrix's acquisition of Cloud.com http://www.citrix.com/English/NE/news/news.asp?newsID=2313930 (Qatalyst provided guidance Citrix). So far, July has been very good to Qatalyst. Earlier this month, GoDaddy finally announced plans to sell itself https://www.godaddy.com/gdshop/news/release_view.asp?app_hdr=&isc=goaf2001ab&news_item_id=361&se=%2B to some PE firms for $2.25 billion. Qatalyst advised GoDaddy on that deal. Qatalyst's largest deal this year was Texas Instruments $6.5 billion purchase of National Semiconductor. The San Francisco investment bank really set tongues a waggin' when it advised 3Par last year. The data storage company was the subject of a highly publicized bidding war between Dell and HP. Dell initially bid $18 a share for 3Par, but HP ultimately "won" the deal when it paid $32 a share, or $2.4 billion http://www.zdnet.com/blog/btl/dell-walks-away-hp-wins-3par-for-24-billion/38794
- Question of the Week: Will VC Fundraising Continue to Suck?
Create your free online surveys http://www.surveymonkey.com/ with SurveyMonkey, the world's leading questionnaire tool. Earlier this week, my co-worker Connie Loizos wrote about https://admin.venturecapitaljournal.com/111562/divide-between-venture-%E2%80%98haves%E2%80%99-and-%E2%80%98have-nots%E2%80%99-gets-bigger/ how VCs aren't getting much love from institutional investors. In second quarter, 37 U.S.-based funds raised about $2.7 billion, according to the National Venture Capital Association and and Thomson Reuters (publisher of peHUB). That compared to 48 funds that collected about $2.1 billion for the same time period in 2010. Worse, just 76 U.S.-based VC funds were raised in the first half of this year, marking the lowest number of funds garnering commitments since the first half of 1995, according to the NVCA http://images.magnetmail.net/images/clients/NVCA/attach/Q211VCFundraisingReleaseFINAL.pdf
- Slideshow: Top 10 Largest VC Fundraisings for Q2
It’s like a jungle sometimes, It makes me wonder How I keep from going under. --Grandmaster Flash Raising a venture fund is proving to be increasingly difficult. As my colleague Connie Loizos reported on Monday /111562/divide-between-venture-‘haves’-and-‘have-nots’-gets-bigger/ a paltry 37 VC funds were raised in the second quarter. That was the smallest quarterly number in 16 years. But, as evidenced by funds raised in Q2, you can still raise capital if you can show LPs a track record of returns or offer a differentiated strategy. Of the 10 funds that raised the most capital in the second quarter, four are focused on China and India, markets that have produced big exits in the past couple of years; three are follow-on vehicles for successful funds; one is a new fund raised by VCs with solid track records; one targets the booming market for Android-based applications; and one buys distressed VC portfolios on the secondary market, where there are still plenty of deals to be had.
- Qualtré Nabs $10M
Qualtre Inc., the Massachusetts-based motion sensor supplier, has raised $10 million from VC investors including Matrix Partners and Pilot House Ventures. Stan Reiss, a general partner with Matrix Partners, worked on the for the VC. Specifics of the transaction were not publicized.