SaaS-based application management provider New Relic has raised $80 million in mezzanine financing to help the company expand into the mobile market, extend operations to Europe in preparation for a future public offering. Insight Venture Partners led the financing, which also included a major investment from accounts managed by T. Rowe Price Associates, Inc. Other participants included Dragoneer Investment Group LLC, Passport Ventures LLC, and the company’s existing investors Allen & Company, Benchmark Capital, Trinity Ventures and Tenaya Capital.
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TrackVia said it raised $7.1 million in a fundraising round led by Longworth Venture Partners and Fairhaven Capital, and joined by Access Venture Partners, Flywheel Ventures, Draper Associates and Allen & Company. The funds will go to expand sales, marketing and engineering operations at the applications development services company.
Castlight Health, a provider of health care transparency solutions for employers and payers, has appointed John Driscoll as president. Castlight Health is headquartered in San Francisco and backed by investors including Allen & Company, Cleveland Clinic, Maverick Capital, Morgan Stanley Investment Management, Oak Investment Partners, Redmile Group, T. Rowe Price, U.S. Venture Partners, Venrock, Wellcome [...]
Service networker TaskRabbit has secured a $17.8 million Series B financing round, led by . Based in San Francisco, TaskRabbit is backed by notable investors, including Baseline Ventures, First Round Capital, FLOODGATE Fund, Collaborative Fund and Shasta Ventures, LightSpeed, Michael Eisner and Allen & Company. PRESS RELEASE TaskRabbit, the nation’s first service network that safely [...]
TrueCar, a company that provides car pricing data to consumers, has raised $200 million in debt and equity financing, Reuters reported Wednesday. The company is backed by GR Match, McCombs Family Partners, DealerTrack, Keating Capital, GSV Asset Management, Passport Capital, International Investment House and Allen & Company. Silicon Valley Bank arranged the debt portion of the funding for TrueCar, which is based in Santa Monica, Calif.
New York-based business website Business Insider has raised its third round of financing. The round was undisclosed, coming from existing investors Kohlberg & Co., as well as new investors Allen & Company LLC, Marc Andreessen, Jim Friedlich of Zelnick Media, and Matt Luckett of Balestra Capital. Press release