Private Equity
Four months after peHUB reported that Shasta Ventures was in the market for a third fund, the Silicon Valley venture firm announced today that it has raised $265 million for Shasta Ventures III LP. Thanks to positive IRRs on its first two funds, Shasta came in above target on its third vehicle despite a difficult fundraising environment. Shasta said in a July 15 regulatory filing that it planned to raise $200 million. In an apparent bid to capture the attention of technology entrepreneurs, the early stage tech firm broke the fundraising news on TechCrunch, a popular technology blog. Shasta, based in Menlo Park, Calif., did not issue a press release. Tod Francis -- co-founder of the firm and one of ...
2 min read · 21 September 2011
Stitcher has raised $10 million via a Series C round of venture funding. New Enterprise Associates led the funding while return investors Benchmark Capital, New Atlantic Ventures, and tech veterans including Ron Conway also participated. Stitcher offers personalized Internet talk radio programming.
3 min read · 21 September 2011
Kevin Klustner has joined Powerit Solutions as CEO. Kluster, who began on Sept. 6 and holds a seat on Powerit's board, is the former president and CEO of Verdiem Corp. In March, Seattle-based Powerit raised $5 million in funding.
3 min read · 21 September 2011
Raymond James said yesterday that Aaron Kessler has joined the IB as an Internet equity research analyst. Jason Harkness, previously with Pinnacle Ventures, has also joined as an Internet investment banker, while Todd Speece, previously with Piper Jaffray, was named an equity capital markets specialist at Raymond James. All three are based in San Francisco.
3 min read · 21 September 2011
Ron Kundich has joined ORIX Venture Finance's Silicon Valley Office. Kundich will be a senior relationship manager for the western region, working closely with Michael David, who was recently promoted to Co-Head of the division. Kundich was most recently a senior VP in US Bank's technology banking group.
2 min read · 19 September 2011
Intel Capital and Tudor Ventures have invested a combined $20 million in ArcSoft. Freemont, Calif.-based ArcSoft is a business multimedia software maker.
2 min read · 19 September 2011
Chuck Davis has joined Technology Crossover Ventures as a venture partner. Previously, Davis was Fandango's chairman and CEO.
2 min read · 19 September 2011
Opera Solutions said Wednesday that it has received an $84 million investment led by Silver Lake Sumeru. Other investors include Accel-KKR, Invus Financial Advisors, JGE Capital Management, and Tola Capital. New York-based Opera Solutions is a Big Data analytics company.
4 min read · 14 September 2011
Tremor Video said Monday that it has raised $37 million in funding led by W Capital Partners. Other investors include Keating Capital, Canaan, Draper Fisher Jurvetson Growth, General Catalyst, Meritech, Singapore’s EDBI, Time Warner and SAP Ventures. New York-based Tremor, an independent video ad network, said it has raised more than $115 million.
2 min read · 12 September 2011
3 min read · 12 September 2011
