Cendana Capital announced the final close of a pair of seed-based fund of funds on Friday. The institutional seed investor now has raised $88.2 million and taken a position with nine investment partnerships. The final close announced Friday in a document filed with Securities and Exchange Commission was on $28.2 million raised by Cendana Capital L.P.
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San Francisco-based Lemnos Labs has secured $1.85 million in funding. Investors include Alex Lloyd of Accelerator Ventures, Alex Vikati, Ash Patel, Matt Mullenweg‘s Audrey Capital, Daniel Abrams, Don Hutchison, Edwin Ong, Jack Herrick (founder/CEO of wikiHow.com), Naval Ravikant, Othman Laraki, Paul Sethi and Seraph Group. The company has also enlisted Eric Klein, managing partner at Klein Venture Partners, as its entrepreneur in residence.
Roqbot said it received seed funding of $1.2 million in a deal led by Google Ventures and Detroit Venture Partners and joined by Accelerator Ventures, T5 Capital and Penny Black. The company is developing a mobile jukebox app. PRESS RELEASE Mobile Jukebox App Lets Users Control Music at Bars, Restaurants, and Stores DETROIT, June 12, [...]
Ben T. Smith IV, the co-founder and former CEO of MerchantCircle, is moving back into an operational role by taking the chief executive job’s at ShopCo. He will also keep his hand in investing as venture partner at the seed firm Accelerator Ventures.
Ben Smith was named CEO of ShopCo, a digital media company backed by media partners such as Hearst Corp., MediaNews Group and The Washington Post. Smith will remain a venture partner at Accelerator Ventures. PRESS RELEASE ShopCo, the owner and operator of the Find n Save® local shopping sites, announced today the appointment of Ben [...]
Digital marketing technology company DataPop has raised $7 million in Series B funding. MK Capital led the round, with participation from existing investors Rincon Venture Partners, IA Ventures, Momentum Ventures and Accelerator Ventures. PRESS RELEASE By delivering on the real promise of internet advertising, DataPop, a fast growing digital marketing technology company, has raised $7MM [...]
Fundly, a cloud-based social fundraising platform for non-profits, has raised $5 million in financing led by Morgenthaler Ventures. Seed investors Kapor Capital, Correlation Ventures, Seraph Group, and Accelerator Ventures also participated in the round. As a result of the round, Morgenthaler’s Mark Goines will join the Fundly board. Fundly is based in Palo Alto, Calif.
Groupon co-founders Brad Keywell and Eric Lefkofsky joined VC Lightbank in committing $1.2 million to social business startup DoubleDutch, it was announced today. The company will boost its platform to allow enterprises to launch geosocial applications with the funding. Prior investors include Charles River Ventures, Launch Capital, Accelerator Ventures, Venture51 and Zig Capital.
The widely watched battle between Jeopardy-playing supercomputer Watson and two of the game show’s human champions this week directed national attention to the otherwise relatively obscure corner of the programming world known as natural language processing. But while the limelight was fixed mostly on Watson’s creator, IBM, it’s clear Big Blue isn’t the only one [...]