DataPad snags $1.7 mln seed funds

DataPad has secured $1.7 million in seed funding. The investors included Accel Partners, Google Ventures, a 16z Seed Fund, SV Angel and Ludlow Ventures. Based in San Francisco, DataPad is a developer of next-generation data discovery for teams.

SumoLogic photo.low res

Sequoia backs Sumo Logic

Sumo Logic has raised $30 million in a round led by Sequoia Capital, with participation from existing investors Greylock Partners, Sutter Hill Ventures and Accel Partners. Sumo Logic is a next generation machine data analytics company.


Home solar company Sunrun snags $150 mln

Home solar firm Sunrun has closed $150 million in equity financing. The investors were not named although according to the firm, a “leading public institutional investor” led the round. Sunrun’s previous backers include Accel Partners, Sequoia Capital, Foundation Capital and Madrone Capital Partners.

Netskope nets $35 mln Series C funds

Netskope said Thursday that it has secured $35 million in Series C funding. Accel Partners led the round with participation from Lightspeed Venture Partners and The Social+Capital Partnership. In addition to the funding, Eric Wolford, a partner at Accel Partners, will join Netskope’s board. Headquartered in Los Altos, Calif., Netskope is a provider of cloud app analytics.


PeopleDoc secures $17.5 mln Series B from Accel Partners

PeopleDoc has secured $17.5 million in Series B funding from Accel Partners. PeopleDoc is a provider of global HR governance solutions. Previous PeopleDoc investors, including Alven Capital and Kernel Investissements also participated in the round.


VC-backed M&A shifts to smaller deals: VCJ

Although large venture-backed acquisitions like WhatsApp and Nest Labs have dominated the headlines, most deals so far in 2014 are modest in size, an analysis by affiliate publication Venture Capital Journal has found.


Hassle.com inks $6mln from Accel

Hassle.com has secured a $6 million Series A investment from Accel Partners. The UK-based business is an online marketplace that connects busy people with local, trusted cleaners.


Accel Partners invests in VSCO

According to a blog post on its site, Accel Partners has made a $40 million Series A investment in VSCO, a mobile photography platform and creative network. To read the announcement, visit here.



San Francisco startup URX bags $12 mln

URX has closed $12 million in Series A funding. Accel Partners led the round with participation from First Round Capital, Google Ventures and SV Angel. In addition to the funding, Rich Wong of Accel Partners will join URX’s board of directors. Based in San Francisco, URX is a mobile deeplinking provider.


Social + Capital leads $42.75 mln round for Slack

According to a company spokesperson, Slack, a messaging and search platform, has received $42.75 million in funding. The Social + Capital Partnership led the round with participation from return backers Accel Partners and Andreessen Horowitz. In conjunction with the funding, Mamoon Hamid from Social + Capital has been added to Slack’s board of directors.

Cybersecurity startup Sentinel Labs attracts $12 mln

Sentinel Labs has closed $12 million in Series A funding. Tiger Global led the round with participation from Accel Partners, Data Collective, Granite Hill Capital Partners and The Westly Group. Based in Palo Alto, Calif. and Tel Aviv, Sentinel Labs is a cybersecurity firm..


Viking Global Investors leads Series B round for Birchbox

Birchbox said Monday that it has raised $60 million in Series B funding. Viking Global Investors led the round with participation from previous backers that included First Round Capital, Accel Partners, Aspect Partners, Glynn Capital, Comcast Ventures, Sam Lessin, Consigliere Brand Capital, Slow Ventures, Red Swan Ventures and TriplePoint Venture Growth BDC Corp. Headquartered in New York, Birchbox is a beauty ecommerce firm.

Foundation leads $70 mln funding of digital ad company AdRoll

AdRoll, which helps brands with online targeting of ads, has raised a $70 million funding round led by Foundation Capital. Previously, the company raised $19 million in funding. The latest round also included new investors Institutional Venture Partners, SAB Capital, Northgate Capital, Performance Equity and Glenmede, as well as existing investors Merus Capital, Accel Partners and Peter Thiel. As part of the round, Eric Liaw of IVP has joined the board.


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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