garagesale
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View from the secondary market: Sought-after venture capital funds

Secondaries broker Setter Capital has published a list of the 25 most sought after venture capital funds on the market. Brand names like Sequoia Capital and New Enterprise Associates topped the list, but overall venture funds have less demand than buyout funds, in part because of venture GPs’ tight control over transfer of LP stakes.

VC-backed Dropbox names former Secy of State Rice to board of directors

According to an announcement on its site made by CEO and founder Drew Houston, Dropbox has added former Secretary of State Dr. Condoleezza Rice to its board of directors. Rice served in her post under former President George W. Bush. Also, the firm has named Sujay Jaswa as its chief financial officer and Dennis Woodside as its chief operating officer. Based in San Francisco, Dropbox allows computer users to share photos, documents and videos anywhere without emailing files. Its backers include Sequoia Capital, Accel Partners, Benchmark, Goldman Sachs, BlackRock and Morgan Stanley. To read further details about Dropbox expanding its leadership team and adding Rice to its board, visit here.

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Breyer Capital backs Datalogix

Datalogix has received an undisclosed investment from Breyer Capital. Also, Breyer Capital’s Jim Breyer, who is also a partner at Accel Partners, will join the Datalogix board of directors. Datalogix connects digital advertising to in-store sales.

PE-backed Lynda.com acquires Halifax startup Compilr

Online education firm Lynda.com said Monday that it has acquired Compilr. No financial terms were disclosed. Based in Halifax, Compilr is an online code editor. Lynda.com is backed by Accel Partners, Spectrum Equity and Meritech Capital Partners.

VC-backed Opower rolls out IPO

Opower has priced its IPO of 6.1 million shares at $19 per share. The stock began trading Friday on the NYSE under the ticker symbol “OPWR.” Morgan Stanley & Co. and Goldman Sachs are the lead underwriters. Headquartered in Arlington, Virginia, Opower is a provider of cloud solutions for the utility sector. Its backers include New Cycle Capital, NEA, Accel Partners and Kleiner Perkins Caufield & Byers.

Sookasa closes Series A

Sookasa has announced Series A round of funding, led by Accel Partners. Existing investors include First Round Capital, Andreessen Horowitz, SV Angel and other VCs and angel investors. Sookasa is an innovator in compliance for popular cloud applications and mobile devices.

First read Feb 24
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peHUB First Read

Catch up on the latest midweek happenings including a new IR head for Vector Capital, Florida SBA hiring CalPERS PE officer and some research on the secrets of venture fundraising success.

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Accel backs mobile game developer Industrial Toys

Accel Partners, which is no stranger to the gaming sector, having backed Playfish, Rovio, Supercell and others, has announced it led a $5 million Series A investment in Industrial Toys. This is the first institutional round raised by the Pasadena, Calif.-based company, which is led by CEO Alex Seropian, a video game veteran and former president of Bungie.

Circle Internet Financial closes $17 mln Series B

Circle Internet Financial, a digital currency company has closed $17 million in Series B financing, bringing its total raise to date to $26 million. Breyer Capital, Accel Partners and General Catalyst Partners were joined by new investor Oak Investment Partners to lead the round.

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Redpoint Ventures leads $40 mln round for RelateIQ

According to a company spokesperson, RelateIQ has raised $40 million in Series C funding. Redpoint Ventures led the round with participation from Kleiner Perkins Caufield & Byers and return backers Accel Partners and Formation 8. The funding gives the company a more than $200 million valuation. Headquartered in Palo Alto, Calif., RelateIQ is a provider of solutions that improve business relationships.

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