209 Views

Spark Capital leads Series A round for Storefront

Storefront said Monday that it has closed $7.3 million in Series A funding. Spark Capital led the round with participation from investors that included Mohr Davidow Ventures, Great Oaks Venture Capital, 500 Startups, Box Group, SV Angel and Vikram Pandit. In addition to the funding, Mo Koyfman has been added to Storefront’s board. Storefront is an online marketplace that helps designers and artists find retail space to sell their products.

191 Views

Bessemer Venture Partners backs cloud platform Nitrous.IO

Nitrous.IO said Tuesday that it has secured $6.65 million in Series A funding. Bessemer Venture Partners led the round with participation from investors that included 500 Startups, Crunchfund, Facebook co-founder Eduardo Saverin and Golden Gate Ventures. In addition to the funding, Sunil Nagaraj of Bessemer Venture Partners has been added to the Nitrous.IO board. Based in Menlo Park, Calif., Nitrous.IO is a cloud-based developer platform.

149 Views

Crowdfunding platform Fundable buys VC-backed LaunchRock

Business crowdfunding platform Fundable has acquired LaunchRock. No financial terms were disclosed. Based in Walnut, Calif., LaunchRock helps startups launch their businesses. Its backers include 500 Startups, Venture51, Quotidian Ventures and Trinity Ventures.

McClure raises $2 mil for 500 Luchadores

Dave McClure has raised just over $2 million from 24 investors for 500 Luchadores, a Mexico-focused seed fund, according to an SEC filing. McClure, founder of 500 Startups, began raising 500 Luchadores in November 2012. It has a target of $5 million.

SoftTech VC and 500 Startups seek new funds

A pair of seed investors – SoftTech VC and 500 Startups – have set out to raise new funds. In a filing with the Securities and Exchange Commission, SoftTech VC said it would raise $85 million for a fourth fund. Dave McClure’s 500 Startups filed with the SEC to raise a $100 million third fund.

500 Startups raises $44.1 mln second fund

500 Startups said it closed a $44.1 million second fund that will focus on backing seed and accelerator companies. The new fund is a 50% boost from the firm’s $29.4 million first fund, but came in short of its initial $50 million target.

Founding Partner Dave McClure said he always considered the target aggressive and stressed the increase from his first fund. The firm will invest about 75% of its money domestically and 25% abroad.

Microsoft execs who could succeed CEO Steve Ballmer

peHUB Second Opinion 8.28

In Second Opinion we have news about how you can bet on who will be Microsoft’s next CEO, chatter that the Fed could put tapering on hold, Putin’s poor sense of humor, Twitter’s latest purchase and lots more.

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