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Designing the future, one startup at a timeDesign has become a key part of the young entrepreneur’s toolkit, as VCs pay heed with new hires and special programs.
Designing the future, one startup founder at a timeDesign has become a key part of the young entrepreneur’s toolkit, as VCs pay heed with new hires and special programs
AppZero nabs $3 mlnAppZero said Thursday that it has raised $3 million in funding. The investors included Covington Capital; Frank A. Bonsal, Jr., founder of New Enterprise Associates; Nigel Stokes, chairman of AppZero; and Joseph Alsop, former CEO and co-founder of Progress Software. Based in Andover, Mass., AppZero is a provider of cloud migration solutions.
Desire2Learn completes fourth acquisition with buy of learning mapper ASNDesire2Learn Inc, a portfolio company of New Enterprise Associates and OMERS Ventures, has bought Achievement Standards Network (ASN) for an undisclosed amount. ASN, which tracks learning activities according to educational standards, was founded by the Tucson, Arizona-based non-profit JES & Co with support from the University of Washington. The Waterloo, Ontario-based Desire2Learn said the deal extends its data-driven product offerings, supporting educators in their efforts to improve learner outcomes. The ASN acquisition is the company's fourth disclosed since its $80 million financing round /canada/2013/04/22/the-growth-desire2learn-with-and-without-venture-capital/ in September 2012.
- GuideSpark attracts over $15 mln
GuideSpark has closed over $15 million in funding. New Enterprise Associates led the round with participation from previous investors Storm Ventures and IDG Ventures. In conjunction with the funding, NEA's Peter Sonsini will join GuideSpark's board. Based in Menlo Park, Calif., GuideSpark is a provider of employee communications and engagement solutions.
- NEA GP Weller joins Appian's board of directors
New Enterprise Associates general partner Harry Weller has joined the board of directors at business process management software company Appian. Weller joined the board in conjunction with NEA's minority investment in Appian.
College app Blend raises $2.7 mln, Ohio State students need not applyNew Enterprise Associates has led a $2.7 million seed round in Blend, a San Francisco-based maker of a social networking app for college students. Trinity Ventures, Foundation Capital, Lerer Ventures, Maveron, BoxGroup, XG Ventures and SparkLabs Global Ventures also joined in the seed round. The app is available for students in more than 3,500 universities nationwide, except those from Ohio State University. Blend co-founder and CEO Akash Nigam attended the University of Michigan before dropping out and launching Blend. As such, the company doesn't allow students from rival school Ohio State to sign up for the app.
- KPCB leads Series A round for Zumper
Zumper has secured $6.5 million in Series A funding. Kleiner Perkins Caufield & Byers led the round with participation from NEA and Dawn Capital. In addition to the funding, KPCB's Chi-Hua Chien has been added to Zumper's board of directors. Based in San Francisco, Calif., Zumper is a home and apartmet rental search platform.
- VC-backed Opower files for IPO
Opower has filed for an IPO. The number of shares that will be sold as well as the pricing terms of the offering have yet to be set. Opower will trade its stock on the NYSE under the ticker symbol "OPWR." Morgan Stanley and Goldman Sachs will serve as lead underwriters. Headquartered in Arlington, Virginia, Opower is a provider of cloud solutions for the utility sector. Its backers include New Cycle Capital, NEA, Accel Partners and Kleiner Perkins Caufield & Byers.
Fund briefs Mar 1, 2014In recent weeks, Aspect launches and Mayfield closes Indian fund