Private Equity
Upfront Ventures has added Kara Nortman as a partner, according to a blog post from Partner Mark Suster. Nortman is presently board chair at Seedling and previously co-founded Moonfrye. She spent nearly seven years at IAC where she was SVP at Urbanspoon and Citysearch, and earlier co-headed the M&A group. She also spent time at Battery Ventures, Morgan Stanley and Microsoft.
1 min read · 14 November 2014
Social news hub Reddit said Chief Executive Yishan Wong had resigned and that co-founder Alexis Ohanian would return as full-time executive chairman.
1 min read · 14 November 2014
Boku has hired Ingo Lippert as chief business officer and Christian Hinrichs as chief financial officer. Both Lippert and Hinrichs are co-founders of Mopay. Based in San Francisco, Boku is a carrier billing-based mobile payment company. It is backed by Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures, Khosla Ventures and New Enterprise Associates.
2 min read · 14 November 2014
Ehsan Mokhtari and Hadi Shiravi Khozani, co-founders of Ara Labs Security Solutions Inc, are the latest successful applicants under the Start-up Visa Program, launched by the federal government in 2013 to attract foreign entrepreneurs to Canada. Ara Labs, a Fredericton, New Brunswick-based online fraud monitoring platform, was launched by the Iranian-born founders with a February 2014 investment from New Brunswick Innovation Foundation and Technology Ventures Corp. The first successful Start-up Visa applicants were Zeetl Inc's founders. Zeetl was in September acquired by Hootsuite Media.
3 min read · 13 November 2014
Data Point Capital has appointed Colin Angle as a special advisor. Angle is the co-founder, CEO and chairman of iRobot.
5 min read · 13 November 2014
IMVU has named Stewart Bonn as senior vice president of product. Prior to joining IMVU, Bonn worked at If You Can where he served as chief product officer. Based in Mountain View, Calif., IMVU connects users through customizable avatar-based experiences. It is backed by Menlo Ventures, Allegis Capital, Bridgescale Partners and Best Buy Capital.
2 min read · 13 November 2014
Dr. Vicky Sharpe has joined the advisory board of EnerTech Capital, a venture capital firm focused on innovation in the energy and power industries. Sharpe is the founder and former CEO of Sustainable Development Technology Canada (SDTC), which invests in Canadian clean technology startups. She has more than 35 years of experience in the energy industry. EnerTech, which has offices in Toronto, Calgary, Montréal, Philadelphia and Menlo Park, is currently investing from its fourth fund, which raised nearly $120 million in 2013.
4 min read · 13 November 2014
Moneta Ventures has appointed Chuck Hansen to its investment board. Hansen is a managing partner at Hansen Investment Holdings.
2 min read · 12 November 2014
Christopher Morris has been named the new president and CEO of GrowthWorks Capital, replacing David Levi, who will become the firm's executive chairman. Morris is the principal of R.C. Morris & Co Special Opportunities Debt Fund II LP, and is president of R.C. Morris & Co Ltd, a Canadian turnaround and restructuring firm. Based in Vancouver, GrowthWorks manages $200 million in venture capital fund assets.
2 min read · 11 November 2014
ElasticBox has appointed Mike Kail to its board as a strategic advisor. Currently, Kail is CIO and SVP of infrastructure at Yahoo. ElasticBox is a provider of solutions that allow developers and businesses to deploy and manage apps. ElasticBox's backers include Nexus Venture Partners, Intel Capital and Sierra Ventures.
3 min read · 04 November 2014
