New Enterprise Associates related stories
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VC-backed Cortendo files for IPOCortendo AB, a Swedish biopharmaceutical company focused on orphan endocrine disorders, has filed for an IPO. The number of shares that will be sold as well as the stock's pricing terms have yet to be set. Cortendo will trade on the NASDAQ under the ticker symbol "SBBP." BofA Merrill Lynch and Stifel are serving as the lead underwriters. Cortendo's backers include Longwood Capital, TVM Capital, Granite Point Capital, RA Capital, New Enterprise Associates, Broadfin Capital and HealthCap.
Venture capital cash surfers may see waves recede in market turmoil--ReutersAfter a turbulent stock market dominates headlines, it appears it may take longer for some companies to get the high-flying terms they see
- Instabase raises seed funding from Greylock, NEA
San Francisco-based Instabase, which provides a platform in the cloud for data, applications and interactive computing, announced it has raised $3.75 million in seed funding from Greylock Partners and New Enterprise Associates.
- Spare5 pulls in $10 mln
Seattle-based Spare5, a platform that pays people to perform micro tasks in their spare time, has secured $10 million in Series A funding. Foundry Group, Madrona Venture Group and New Enterprise Associates led the round.
- NEA leads Series C round for Coursera
Online education platform Coursera has raised $49.5 in Series C funding. New Enterprise Associates led the round with participation from other investors that included Kleiner Perkins Caufield & Byers, International Finance Corporation, Times Internet, GSV Asset Management and Learn Capital.
Uber seen reaching $10.8 bln in bookings in 2015: ReutersUber Technologies Inc's [UBER.UL] global bookings are projected to rise nearly threefold to $10.84 billion this year and reach $26.12 billion the next, according to a recent presentation for potential investors seen by Reuters.
IPO Aftermarket: Life sciences keep dominating as Pure Storage files its IPOThrough the end of July, VCJ reports that 50 VC-backed companies have gone public on the NYSE or Nasdaq exchanges
- VC-backed GumGum hires SVP of sales
Santa Monica, California-based digital marketing platform GumGum has named John Weisgerber as senior vice president of sales. Previously, Weisgerber worked at Hearst Corp where he served as executive director of digital advertising in its fashion and luxury collection. GumGum's backers include Morgan Stanley Expansion Capital, New Enterprise Associates, Upfront Ventures, First Round Capital and Crosscut Ventures.
- NBCUniversal to invest $200 mln in VC-backed BuzzFeed
NBCUniversal has agreed to invest $200 million in social news site BuzzFeed. The backers of BuzzFeed include Andreessen Horowitz, New Enterprise Associates, Hearst Media and RRE Ventures.
- HyperVerge grabs seed funds
India-based deep-learning startup HyperVerge has secured $1 million in seed funding. The investors included New Enterprise Associates, Milliways Ventures and Naya Ventures. In addition to the funding, Dayakar Puskoor of Naya Ventures has been added to HyperVerge's board.