New Enterprise Associates related stories
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Canada defies global VC trends with $2.2 bln invested in 2016: reportVenture capital invested in Canada in 2016 largely kept pace with trends of the year before, with more than $2.2 billion (US$1.7 billion) disbursed to 266 deals, according to the MoneyTree Report from PwC Canada and CB Insights. The report found Canadian investment activity last year contrasted "significantly with the global picture," where deals declined 10 percent and funding fell 23 percent relative to 2015. Chris Dulny, national technology sector leader at PwC Canada, said the domestic market's "standout" trends "underscore the strength of the Canadian tech sector."
Microsoft Ventures funds Illusive NetworksNew York City and Tel Aviv-based Illusive Networks, a cybersecurity company, has secured an undisclosed amount of funding. The investor was Microsoft Ventures.
- Prattle inks $3.3 mln seed
Prattle, a provider of sentiment data solutions for research analysts, traders and other finance professionals, has raised $3.3 million in seed financing. GCM Grosvenor led the round with participation from other investors that included New Enterprise Associates, Correlation Ventures and Plug and Play Ventures.
- Primary Venture Partners leads $2 mln round for Shoptalk
Shoptalk, which organizes retail and ecommerce-focused events, has raised $2 million in funding. Primary Venture Partners led the round with participation from other backers that included Commerce Ventures, Bain Capital Ventures and New Enterprise Associates. The capital infusion will be used to launch Shoptalk Europe.
- VC-backed Boku appoints CFO
San Francisco-based Boku, a direct carrier billing mobile payments company, has named Gillian Davies as chief financial officer. Her appointment becomes effective immediately. Previously, Davies worked at Banner Management Communications, which is part of the Adare Group. There she served as interim finance director. Boku's backers include Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures, Khosla Ventures and New Enterprise Associates.
- Derek Jeter's The Players' Tribune inks $40 mln Series C
The Players' Tribune, a content platform created, curated and controlled by athletes and founded by legendary retired Yankee player Derek Jeter, has raised $40 million in Series C funding. IVP led the round with participation from other investors that included GV, Alphabet Inc's venture capital arm and New Enterprise Associates.
- NEA targets $3 bln for 16th fund
New Enterprise Associates is seeking to raise $3 billion for its 16th fund, according to an SEC filing https://www.sec.gov/Archives/edgar/data/1694560/000169456017000001/xslFormDX01/primary_doc.xml In April 2015, NEA closed its http://www.nea.com/news/press-releases/nea-closes-on-more-than-3.1b-in-committed-capital previous fund at over $3.1 billion.
- Letgo raises $175 mln
Letgo said Jan. 17 that it raised $175 million in new funding from investors such as Naspers, Accel, Insight Venture Partners, New Enterprise Associates, 14W and other investors. With offices in New York and Barcelona, Letgo provides a mobile marketplace to buy and sell locally.
