New Enterprise Associates related stories
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Exit watch, week of May 24, 2010News briefs about Associated Content, TradeBeam and other VC-backed companies getting acquired in the past week
- Top 10 VC Recipients of 2010 (So Far)
BrightSource Energy today announced $150 million in new VC funding, which it will use to develop utility-scale solar thermal power plants. A couple of readers emailed to ask if it was the largest venture financing of 2010, or even if it should count as a VC deal (as opposed, say, to project finance). The answer to the first question is "no" (it's number four) and the answer to the second question is "yes" (it's equity being contributed by, among others, traditional venture firms). But it reminded me that it's been a while since we updated our list of the year's top VC recipients (so far). Fairly liberal with the term "venture capital," but that's why this is an interim list rather than an official/final list. Get it after the jump...
- Spring Wireless Raises $12 Million
Spring Wireless Inc., a Sao Paulo, Brazil-based provider of enterprise mobility platforms and applications, has raised $12 million in Series D funding. SAP Ventures led the round, and was joined by return backers Goldman Sachs and New Enterprise Associates. The company in 2008 raised a $56 million Series C round at a $110 million pre-money valuation.
- peHUB Wire: Tuesday, May 18, 2010
Random Ramblings
- peHUB Wire: Tuesday, May 18, 2010
Random Ramblings
- RedPrairie Buys VC-Backed SmartTurn
RedPrairie Holding Inc., a Waukesha, Wisc.-based provider of inventory, warehouse, transportation and workforce management systems has acquired Smartturn Inc., an Oakland, Calif.-based provider of on-demand inventory and WMS. No financial terms were disclosed. RedPrairie recently was acquired by New Mountain Capital, while SmartTurn has raised around $5 million from Emergence Capital Partners and New Enterprise Associates.
- VC-Backed IPO Pipeline Remains Full
Chipmaker Wintegra filed for an IPO on Friday, making it the sixth VC-backed company to do so since we last looked /68783/vc-backed-ipo-pipeline-keeps-growing/ at the VC-backed IPO pipeline. The other newbies were Ellie Mae, RealPage, Tangoe, Amysis Biotech and Neophotonics). There also have been five VC-backed companies that went public during that time period -- Convio, Alpha & Omega, Codexis, Alimera Biosciences and SPS Commerce -- and one that canceled its offering (Telegent). That means the VC-backed IPO pipeline remains static with 42 registrants, although the net targeted raise increases by $36 million. Overall, VC-backed companies in registration to go public are aiming for more than $4.6 billion. Get full pipeline after the jump...