New Enterprise Associates related stories
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- Aquantia Closes $21M Series E
Milipitas, Calif.-based Aquantia, which develops 10-Gigabit Ethernet connectivity products for cloud computing and large-scale data center deployments, said that it has raised $21 million in Series E financing. Existing shareholders New Enterprise Associates, Lightspeed Venture Partners, Greylock Partners, Pinnacle Ventures and Venture Tech Alliance all contributed to the round. New strategic investor LSI Corporation also contributed, the company said.
- Slideshow: Top 10 Winners in pre-IPO Cash-Out at Groupon
One of the most intriguing factoids to come out of Groupon's IPO filing today was that the daily deals website didn't raise $946 million earlier this year for expansion. Instead, it raised the money primarily to provide huge pay days for the company's founders, insiders and early investors. Of the total amount raised, $136.2 million went to working capital and general corporate purposes, according to the company's S-1. The remaining 86% percent of the capital, or $809.8 million, was used to "redeem voting and non-voting common stock from our existing stockholders at a purchase price of $15.795 per share (on a post-stock split basis), and Series D preferred stock and Series E preferred stock from our existing stockholders at a purchase price of
- Backers of Biggest Groupon Round Not Among Top Shareholders
Investors may have poured $950 million into Groupon earlier this year. But that didn’t snag any of the newcomers so much as 5% of the fast-growing discount deal site. That’s the takeaway from an initial reading of Groupon’s IPO filing http://www.sec.gov/Archives/edgar/data/1490281/000104746911005613/a2203913zs-1.htm The document lists only two of the company’s venture investors -- New Enterprise Associates and Accel Partners -– as principal shareholders. NEA, which backed Groupon’s first venture round in 2008, holds a $14.7% stake in the company. Accel, which invested in Groupon’s second round in 2009, among others, according to Thomson Reuters, owns 5.6 percent. Among those not listed as principal shareholders are the firms that participated in Groupon’s last financing round of $950 million. The backers for that round, announced in January, included Andreessen Horowitz, Battery Ventures, Greylock Partners, Kleiner Perkins Caufield & Byers, Mail.ru Group, Maverick Capital, Silver Lake and Technology Crossover Ventures. At the time of that announcement, my colleague, Connie
- Vuclip Raises $8M Series C
Mobile video sharing company Vuclip raised $8 million from a group of investors including New Enterprise Associates and Jafco Ventures. The company has expanded to markets including India, Indonesia and Malaysia. Nick Sturiale of Jafco and Krishna Kolluri of NEA worked on the deal; specifics were not publicized.
- Verto Partners Buys Wavelength Strategies
Verto Partners, the performance improvement, restructuring and turnaround firm, has acquired Wavelength Strategies, a New York-based transaction services firm concentrating on life sciences, healthcare and technology. Terms were not publicized. Wavelength managing principals Duncan Steels and Greg Calaman join Verto as Managing Directors and will lead the New York office of Verto. According to its website, Verto counts among its clients TA Associates, Arcapita, Kleiner Perkins, Hicks Muse Tate & Furst, JP Morgan Chase, UBS Capital, the Bass Family and New Enterprise Associates.