U.S. Venture Partners related stories
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VC-backed Castlight Health names new chief revenue officerCastlight Health has named Michele Law as chief revenue officer. Previously, Law worked at OpenDNS where she served as chief operating officer. Headquartered in San Francisco, Calif., Castlight Health is a provider of health care solutions. It is backed by a number of investors that include Maverick Capital, Morgan Stanley Investment Management, Oak Investment Partners, Redmile Group, T. Rowe Price, U.S. Venture Partners, Venrock and Wellcome Trust.
- VC-backed Smartling names new CRO and VP of talent
Smartling has named David Fitzgerald as chief revenue officer and Melissa Meredith as vice president of talent. Previously, Fitzgerald worked at Brainshark where he served as executive vice president of marketing, sales & services while Meredith was at Creating People Advantage where she worked as chief strategy officer. Based in New York City, Smartling is a provider of cloud-based translation software solutions. It is backed by Tenaya Capital, First Round Capital, IDG Ventures, U.S. Venture Partners, Venrock and Harmony Partners.
- VC-backed Livefyre adds two new hires to team
Livefyre said Monday that it has expanded its team with two new hires. The company has named Ramana Rao as its new chief technology officer and Pierre Wolff as vice president of corporate and business development. Prior to joining Livefyre, Rao worked at The Washington Post Company where he served as VP of product while Wolff worked as managing director at E-coSearch. With offices in San Francisco, New York and London, Livefyre is a social curation platform. It is backed by U.S. Venture Partners, Greycroft Partners, Cue Ball, HillsVen Group and ff Venture Capital.
- USVP leads $2.5 mln round for StarMobile
StarMobile has raised $2.5 million in seed funding. U.S. Venture Partners led the round with participation from GRA Venture Fund and Atlanta Technology Angels. In conjunction with the funding, StarMobile has named Dafina Toncheva, a partner at USVP, to its board of directors. Based in Atlanta, StarMobile is a provider of cloud-based solutions.
- Smartling closes $24 mln in Series C funds
Smartling has raised $24 million in Series C funding. New investor Tenaya Capital led the round with participation from Harmony Partners, Venrock, U.S. Venture Partners, IDG Ventures, First Round Capital and Felicis Ventures participated in this round. In addition to the funding, Ben Boyer, managing director of Tenaya Capital, joins Smartling's board of directors. Based in New York City, Smartling is a provider of cloud-based translation software solutions.
LPs restless as funds hang on to IPO stockThe growing practice of holding portfolio company stock well after an IPO is a source of rising LP-GP tension
- ScoreBig.com racks up $10 mln from CPIF
ScoreBig.com said Tuesday that it has closed $10 million in funding from Checketts Partners Investment Fund. Also, the company has hired board advisor and former Ticketmaster EVP David Goldberg as its chief strategy officer. Headquartered in Los Angeles, ScoreBig.com, which is also backed by Bain Capital Ventures and U.S. Venture Partners, is an online marketplace that sells unsold tickets.
- HotelTonight Raises $45M to Expand Overseas
HotelTonight, maker of an app to help users with last-minute hotel bookings, has raised a $45 million Series D round that was led by Coatue Management. GGV Capital joined the round along with existing investors Battery Ventures, Accel Partners, U.S. Venture Partners and First Round Capital. The company has now raised $80.35 million since it was founded in 2011, including most recently a $23.5 million Series C round in June 2012.
PivotNorth To Raise Second $35M FundPivotNorth Capital has set out to raise a second fund similar in size to its first. The micro VC firm run by former Sequoia Capital Partner Tom Connors made its efforts known in a filing with the Securities and Exchange Commission.
- Clustrix Grabs $10 Mln in Series D Funds
Clustrix said Monday that it has raised $10 million in Series D funding. The lead investor was HighBar Partners. Existing investors Sequoia Capital, U.S. Venture Partners and ATA Ventures also participated in the round. Headquartered in San Francisco, Calif., Clustrix is a provider of cloud solutions.