Toba Capital related stories
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IBM agrees to buy VC-backed CloudantIBM said Monday that it has inked an agreement to acquire Cloudant. No financial terms were disclosed. Based in Boston, Cloudant is a provider of distributed database-as-a-service. Its backers include Y Combinator, Avalon Ventures, In-Q-Tel, Samsung Ventures, Toba Capital, Devonshire Investors and Rackspace.
- LinkedIn agrees to acquire VC-backed Bright
LinkedIn, the professional online network, has agreed to acquire Bright. The transaction, which is expected to close during the first quarter of 2014, is valued at approximately $120 million. Based in San Francisco, Bright uses data and technology to connect job candidates with potential employers. It is backed by Toba Capital and Passport Capital.
- TeamSnap raises $7.5 mln in Series B funding
TeamSnap, a service that helps users manage sports teams and activities, has raised $7.5 million in Series B funding led by new investor Foundry Group. Existing investors Torstar, Trinity Ventures, Toba Capital and Harris Barton also participated in the round. Foundry Group's Jason Mendelson is joining TeamSnap's board.
- Backup and recovery provider Quorum raises $10 mln
Quorum, a San Jose, Calif.-based provider of backup, recovery and continuity services, has raised $10 million in Series C funding. The round was led by Toba Capital and included Airtek Capital Group and several angel investors. Quorum has now raised a total of $36 million in funding. In addition, Walter Angerer, a venture partner at Toba Capital, has been named interim CEO, and tech entrepreneur veteran Paul Sallaberry, a venture partner at Jafco ventures and onetime board member of Quest Software, has joined the Quorum board.
- Accel Partners leads $8 mln Series B round in Paxata
Data analysis provider Paxata has raised $8 million in Series B funding led by Accel Partners. The Redwood City, Calif.-based company, which had been operating in stealth for the past 18 months, has now raised $10 million in total funding. Paxata had previously raised a $2 million Series A round from Accel, whose partner, Dinesh Katiyar, sits on the company board.
- Dataguise closes series B led by Toba Capital
Dataguise, an innovator of data security intelligence and protection solutions, has closed a $13 million Series B funding round. The financing was led by Toba Capital with additional capital coming from the investment arm of a multi-billion dollar electronic conglomerate.
- Toba Capital leads $13 mln Series B round for Dataguise
Dataguise said Monday that it has completed $13 million in Series B funding. Toba Capital led the round with participation from an unidentified "leading electronic conglomerate." Based in Fremont, Calif., Dataguise is a provider of data privacy solutions.
- Toba Capital leads $14 mln Series B round for Bright.com
Bright.com said Wednesday that it has closed $14 million in Series B funding. Toba Capital was the lead investor. Passport Capital's John Burbank also participated in the round. Based in San Francisco, Bright.com is an employment website.
- Catavolt Nets $5 Mln in Series B Funds
Catavolt said Tuesday that it has raised $5 million in Series B funding. The lead investor was Toba Capital. Existing investor FCA Venture Partners also participated in the round. Based in Alpharetta, Georgia, Catavolt is an enterprise mobility platform.
- Sauce Labs Grabs $5 Mln in Series C Funds
Sauce Labs said Tuesday that it has raised 5 million in Series C funding. The investors included Toba Capital, entrepreneur Scott Banister and Triage Ventures. Headquartered in San Francisco, Calif., Sauce Labs is a provider of cloud-based mobile and web application testing solutions.