True Ventures related stories
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Norwest joins lengthy list of firms with San Francisco digsThe City by the Bay has become a hotbed of venture activity, with more than 420 San Francisco-based startups pulling in nearly $9 billion in funding as of mid-October.
Flint Mobile bags $9.4 mln in Verizon Ventures-led roundFlint Mobile has raised $9.4 million in Series C funding. Verizon Ventures, the investing arm of mobile and broadband provider Verizon Communications, led the round with participation from Digicel, Storm Ventures, True Ventures and Peninsula Ventures. Based in Redwood City, Calif., Flint Mobile is a mobile payment service for small businesses.
- Loggly nets $15 mln in round led by Harmony Partners
Loggly has closed $15 million in Series C financing. Harmony Partners led the with participation from return backers Matrix Partners, Trinity Ventures, Cisco, Data Collective and True Ventures. Based in San Francisco, Loggly is a provider of log management solutions.
- MoviePass racks up $2.2 mln
New York-based movie theater subscription service MoviePass has raised $2.2 million in funding. Chris Kelly, a former Facebook chief privacy officer and Structure Capital led the round.
- Industry Ventures closes $170 mln for fund of funds
San Francisco-based Industry Ventures has raised $170 million for its latest fund of funds, Industry Ventures Partnership Holdings III. The fund will focus on primary commitments and early secondary purchases in smaller venture capital funds as well as direct investments alongside its managers.
Nothing can keep drones groundedThe uncertain regulatory environment surrounding the operation of unmanned aerial vehicles isn’t hampering the application and innovation of drones
- Benchmark leads Series B round for Duo Security
Duo Security said Monday that it has received $12 million in Series B funding. Benchmark led the round with participation from other investors that included Google Ventures, True Ventures and Radar Partners. Based in Ann Arbor, Michigan, Duo Security is a provider of cloud-based two-factor authentication solutions.
- True Ventures backs electric car maker Renovo Motors
Renovo Motors has received an undisclosed amount of funding from True Ventures. Based in Silicon Valley, Renovo Motors is a maker of an all-electric supercar.
Wearables investing picks up with $502 mln deployed this yearVenture investing in wearables companies appears to be gathering momentum this year with $502 million so far going to 36 deals.
- Narrative scoops up $8 mln
Narrative has secured $8 million in funding, the company confirmed in a blog post on its site. Khosla Ventures led the round with participation from return backers True Ventures and Passion Capital. In addition to the funding, Keith Rabois, a partner at Khosla Ventures, has been added to Narrative's board. Headquartered in San Francisco with offices in Sweden, Narrative is a wearable camera. To read more details about the funding, visit here http://blog.getnarrative.com/