Private Equity
Kanbox said Monday that it has raised $20 million in Series B funding. DCM led the round. Kanbox provides cloud storage and sharing services in China.
3 min read · 24 October 2011
Location Labs, which has raised $26 million in venture financing, said Monday that it has bought Wirkle and Volley. Wirkle is a mobile product developer while Volley offers mobile group messaging. Financial terms weren't announced. Draper Fisher Jurvetson, BlueRun Ventures (formerly Nokia Venture Partners), QUALCOMM Ventures, Intel Capital, and Mitsui Ventures have invested in Location Labs which provides security software.
3 min read · 24 October 2011
2 min read · 24 October 2011
Union Square Ventures has closed on more than half of a new, $200 million early stage fund, raising $116.5 million of fresh capital, according to a filing with the Securities and Exchange Commission. Rumors of the close began to spread last week, with two sources close to the company confirming the commitments. The SEC filing says another $83.5 million of the firm’s third early stage fund remains to be spoken for, though one source said it too has been sold. Sources say Union Square drew its capital from existing LPs with few if any new investors invited. The apparent ease of the fundraising isn't surprising given the success of Union Square's first two early stage funds. Those funds invested in a number of notable Internet companies, including Twitter ...
2 min read · 21 October 2011
For VCs in search of the next hot investing trend, Mark Suster has two words: Internet TV. Not that anyone has been paying much attention to him, Suster told a crowd at the Venture Alpha conference held yesterday in San Francisco. “I’ve walked up and down Sand Hill Road and not a single person agrees with me.” Suster thinks this “means I’m on to something.” But it’s easy to see why others might not agree, beginning with the enduring popularity of good old-fashioned TV. According to the Nielsen Company, Americans watch 5.3 hours of television every single day, and every year, they watch just a tiny bit more than the year before. Indeed, in its latest report....
4 min read · 21 October 2011
Imagen Biotech said Wednesday that it has received up to $40 million in Series A financing from SV Life Sciences, Novo Ventures, and Fidelity Biosciences. Imagen Biotech is developing treatments to treat blinding diseases like dry AMD.
5 min read · 19 October 2011
Four former executives of Houlihan Lokey have formed Clearsight Advisors, a McLean, Va.-based merchant bank focused on business services and technology. Clearsight execs include: Joel Kallett, co-founder and MD, Greg Treger, also a co-founder and MD; Bhavin Patel, SVP; and, Bethany Seidler, who is director of administration for the new firm.
3 min read · 19 October 2011
Arteaus Therapeutics said Wednesday that it raised $18 million in financing from Atlas Venture and OrbiMed Advisors. Arteaus Therapeutics, of Durham, N.C., is developing an antibody that is used to prevent migraine headaches.
4 min read · 19 October 2011
Dropbox said Tuesday that it has completed a $250 million Series B financing led by Index Ventures. New investors includes Benchmark Capital, Goldman Sachs, Greylock Partners, Institutional Venture Partners, RIT Capital Partners, and Valiant Capital Partners. Early investors Sequoia Capital, Accel Partners, and Hadi and Ali Partovi also participated. San Francisco-based Dropbox, an online storage site, has received $257.2 million in total funding.
2 min read · 18 October 2011
Five firms, including BofA Merrill Lynch, GETCO, Goldman Sachs, Morgan Stanley and Quantlab Group, have taken a minority stake in Chi-X Global Holdings. Chi-X Global operates a trading platform and is the holding company for Chi-X Canada, Chi-X Japan and Chi-X Australia, which is expected to launch Oct. 31. Instinet, which is owned by Nomura Group, is the largest equity holder of Chi-X. Financial Technology Partners provided financial advice to Instinet and Chi-X global.
2 min read · 18 October 2011
