New Enterprise Associates related stories
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Box Adds to Team with Senior Sales AppointmentsBox has hired four senior sales professionals to its team. Jim Priestley joins as senior vice president of sales; Stephen Morse joins as vice president of global sales engineering; Ryan Martin as vice president of platform sales; and Scott Hebert as vice president of vertical industry sales. Headquartered in Los Altos, CA, Box is a privately held company and is backed by venture capital firms Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners, U.S. Venture Partners and strategic investors salesforce.com and SAP.
Second Quarter Saw Lively Number of Venture-Backed IPOsVC-backed IPOs perked up in Q2 with 21 offerings, although M&A was muted
- CVRx Closes $29.6m Financing
CVRx, a private medical device company, has completed a financing round totaling $29.6 million. CVRx plans to use the funding for advancing its clinical trials and expanding its international commercial activities. New Enterprise Associates and Johnson & Johnson Development Corporation were the co-lead investors. Other participants in this round included existing investors BBT Fund L.P. and SightLine Partners.
- Tivili Grabs $6.3 Mln in Series A Financing
Tivli said Wednesday that it has raised $6.3 million in Series A financing. The lead investor was New Enterprise Associates. Felicis Ventures, Rho Ventures, CBC New Media Group of Raleigh NC, HBO, Mark Cuban’s Radical Investments and WME also participated in the round. The funding will be used for expansion in the university markets. Based at the Harvard Innovation Lab in Boston, Mass., Tivli is a provider of IP-based TV service to university students.
- CIT GAP Funds Invests in CirrusWorks
The Center for Innovative Technology said Wednesday that its CIT GAP Funds has invested in CirrusWorks. No financial terms were disclosed. Based in Virginia, CirrusWorks is technology provider that builds network control platforms.
Venture Investing Climbs in the Second QuarterVenture capitalists distributed $8.1 billion to startups in the second quarter, an increase over the previous three quarters, but down from a year ago, according to PitchBook. The deal count also declined from the second quarter of last year.
- Center for Innovative Tech Invests in LendPro
The Center for Innovative Technology said Tuesday that its CIT GAP Funds have invested in LendPro. Financial terms weren't announced. Charlottesville, Va.-based LendPro provides a SaaS platform that helps improve customers’ credit application outcomes.
- Software Maker Cvent Files for IPO of Up to $100 mln
Cvent Inc, an online event management software provider backed by Insight Venture Management and New Enterprise Associates, filed with the U.S. Securities and Exchange Commission to raise up to $100 million in an initial public offering of common stock, Reuters reported.
- Idinvest Partners Acquires Stake in Kurma Life Sciences Partners
France-based Idinvest Partners has acquired a stake in KLS Partners. At the same time KLS is launching its second fund Kurma Biofund II.
VCs Bet Big on Software-Defined Networks, Will Customers Follow?Investment is ramping up in software-defined network companies. In the past three years alone, three SDN companies have raised more than $117 million from the likes of Andreessen Horowitz, Benchmark Capital and Lightspeed Venture Partners. Now the question is whether customers will buy SDN solutions.