True Ventures related stories
All articles and analysis
Puppet Labs Raises $5 MillionPuppet Labs, a Portland, Ore.-based provider of data center automation, has raised $5 million in Series B funding. Kleiner Perkins Caufield & Byers led the round, and was joined by return backers True Ventures and Radar Partners.
- peHUB Wire: Monday, July 19, 2010
Random Ramblings
- peHUB Wire: Monday, July 19, 2010
Random Ramblings
- Exit watch, week of July 12, 2010
News briefs about Greenplum, Playdom and other VC-backed companies that were recently acquired
- Kwedit Shifts Gears, Rolling Out PayNearMe Next Month
VC-backed startup Kwedit http://www.kwedit.com/ is best known for three things: for enabling people to pay for digital goods online through small amounts of virtual credit; for its silly name; and for the viciously funny lambasting http://www.colbertnation.com/the-colbert-report-videos/265469/march-02-2010/the-word---kid-owe it received by Stephen Colbert for both of these things. But Kwedit’s founders and investors have had a bigger ambition for the company almost from the start: to enable at least one-quarter of the U.S. population to make remote cash transactions -- from global remittances to bill paying to catalog shopping to the purchase of virtual goods in social media games. “Basically, if you want to use cash to pay a vendor but can’t hand it to them directly, we’re building a set of services to do that for you,” Shader told me back in March /67396/kwedit-founder-danny-shader-on-why-his-highly-hyped-company-isnt-what-you-think/ Apparently, those services are nearly ready. In August, peHUB has learned, the company rolls out PayNearMe http://www.paynearme.com According to its site, the service is targeting “25 percent of American households that don’t have a credit or debit card” along with the “75 percent who do, [but] don’t want to use them online for security, privacy, or budgeting reasons.”
- Successful Angel Senkut Takes Flight as VC
Former Google executive has raised $16M for his first institutional venture fund, with plans to raise $14M more
- Playdom Keeps Buying: New Addition is Hive7
Playdom, a Mountain View, Calif.-based social gaming company, has acquired Hive7, which buildsd games played on Facebook and other social networks. No financial terms were disclosed. Playdom has raised $80 million in VC funding, including $33 million earlier this week. Backers include Bessemer Venture Partners, Steamboat Ventures, New World Ventures, New Enterprise Associates, Lightspeed Venture Partners and Norwest Venture Partners. Hive7 had raised venture capital from True Ventures.
- peHUB Wire: Friday, June 25, 2010
The Great Escape
- peHUB Wire: Friday, June 25, 2010
The Great Escape
- Ex-Googler, angel investor Senkut raises $16M
Onetime Google employee seeks $30M for first institutional fund for Felicis Ventures