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peHUB Wire: Friday, July 23, 2010Random Ramblings
- peHUB Wire: Friday, July 23, 2010
Random Ramblings
- VC firms slogging through fund-raising process
NVCA also reports that VC industry shifting to emerging markets
- Week in deals, July 19, 2010
Summary of tech companies and other startups in North America that raised venture financing in the past week
- Trevena Raises $35 Million
Trevena Inc., a Berwyn, Penn.-based developer of drugs that target G-protein coupled receptors, has raised $35 million in Series B funding from existing investors.Polaris Venture Partners and New Enterprise Associates co-led the round, and were joined by Alta Partners, Healthcare Ventures and Yasuda Enterprise Development Company. Trevena previously raised $24 million.
- Index, Accel Bet Big on Squarespace
Fast-growing Squarespace, a competitor to blogging platforms such as Wordpress and TypePad, tonight announced that it has taken its first institutional money—a $38.5 million growth investment led by Index Ventures and Accel Partners. The deal values the company between $80 million and $100 million, according to a knowledgeable source. The New York-based company landed on the Inc. 500 last year, coming in at No. 339. Inc. magazine reported that the eight-employee company had grown its revenue from just under $270,000 in 2005 to $2.2 million in 2008. If there were a website development tool for dummies, Squarespace would be it. Take a look at the demo on its website. Pretty slick stuff. The company says its hosted service is used by “tens of thousands of websites” worldwide and that its customer list includes fashion designer Marc Ecko, PR powerhouse Porter Novelli, TV journalist Bob Woodruff, ABC News Radio, actor Kevin Pollak and shock jock Don Imus.
- peHUB Wire: Wednesday, July 14, 2010
Random Ramblings
- peHUB Wire: Wednesday, July 14, 2010
Random Ramblings
- VC-Backed IPO Pipeline Springs A Leak
The VC-backed IPO pipeline was drained over the past month, with five VC-backed companies going public and two more withdrawing their offerings. Those companies represented around $1 billion in planned raise, while the month's two new registrants only plan to raise a total of $215 million. There also were two China-based issuers who both filed and priced within the month (HiSoft and AutoNavi). All of this means the current VC-backed IPO pipeline has 39 companies seeking to raise nearly $3.4 billion. That's the lowest dollar expectation since we began keeping track back in January. The full pipeline is after the jump..
- Week in deals, July 12, 2010
Summary of tech companies and other startups in North America that raised venture financing in the past week