New Enterprise Associates related stories
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Most Interesting About Groupon's New Round? Who's Not In ItEarlier today, TechCrunch was handed a release http://techcrunch.com/2011/01/10/groupon-raises-like-a-billion-dollars/ that Groupon is publishing widely later today. In it, the group-buying behemoth is announcing that it’s completed a $950 million round from investors, including Andreessen Horowitz, Battery Venture, Greylock Partners, Kleiner Perkins Caufield & Byers, Mail.ru Group, Maverick Capital, Silver Lake, and Technology Crossover Ventures. The megaround is no longer a huge surprise, given that details about it began surfacing last month http://vcexperts.com/vce/news/buzz/archive_view.asp?id=996 right after Groupon’s almost-done-deal with Google wholly unraveled. What is a surprise is who isn’t mentioned in the release: Accel Partners and New Enterprise Associates
- Millennial Media Inks $27.5M
Mobile advertising technology company Millennial Media has raised $27.5 million in growth equity from Bessemer Venture Partners, Columbia Capital, Charles River Ventures and New Enterprise Associates. The latest round brings Millennial’s total funding to more than $65 million. The new money will be used to expand the Baltimore-based company.
- 2010 Biggest Year for M&A Exits Since -- Really? -- 1985
Were you sniffing about the economy last year? You must have been among the seemingly select few who didn't sell their startup in 2010. According to new exit data published by peHUB parent Thomson Reuters and the National Venture Capital Association, last year saw more venture-backed M&A exits since people began recording this kind of thing in 1985. According to their findings, 420 deals were sewn up last year, roughly 18 percent of them IT-based. A notoriously slow period of deal-making, even 2010's fourth quarter was pretty good for M&A, with 88 venture-backed M&A deals reported as of December 31. Combined, the average disclosed deal value in the fourth quarter was $157.7 million, with HealthSpring's acquisition of Bravo Health winning biggest venture-backed deal in the quarter. (It was apparently a win for investors, too. Bravo Health sold for $545 million. Backers including New Enterprise Associates and DLJ Merchant Banking Partners had sunk $157 million into the healthcare services company since its 1996 founding.)
- 2010 Biggest Year for M&A Exits Since -- Really? -- 1985
Were you sniffing about the economy last year? You must have been among the seemingly select few who didn't sell their startup in 2010. According to new exit data published by peHUB parent Thomson Reuters and the National Venture Capital Association, last year saw more venture-backed M&A exits since people began recording this kind of thing in 1985. According to their findings, 420 deals were sewn up last year, roughly 18 percent of them IT-based. A notoriously slow period of deal-making, even 2010's fourth quarter was pretty good for M&A, with 88 venture-backed M&A deals reported as of December 31. Combined, the average disclosed deal value in the fourth quarter was $157.7 million, with HealthSpring's acquisition of Bravo Health winning biggest venture-backed deal in the quarter. (It was apparently a win for investors, too. Bravo Health sold for $545 million. Backers including New Enterprise Associates and DLJ Merchant Banking Partners had sunk $157 million into the healthcare services company since its 1996 founding.)
- Ecommerce Bounces Back
It was another monster year for the Internet, thanks in large measure to the growth of Groupon and other social shopping sites
- Investors Go Nuts for Brazil
More VCs are focusing on this Latin American nation, which boasts stronger GDP growth than the U.S. and a fast-growing middle class
- VC-backed Fanhattan Buys The Open Movie Datatbase
San Mateo, Calif.-based start-up Fanhattan has acquired Calgary-based company The Open Movie Database, the company said. Financial terms were not released. Fanhattan plans to launch its digital media service in early 2011, and aims to help consumers navigate and discover Internet-based entertainment content like movies and television shows. The company is backed by New Enterprise Associates, Redpoint Ventures, GreyCroft Partners, BV Capital and unnamed independent investors.