229 Views

Commercial drone startup Airware grabs $25 mln Series B

San Francisco-based commercial drone startup Airware has closed $25 million in Series B funding. Kleiner Perkins Caufield & Byers led the round with participation from Andreessen Horowitz and First Round Capital. In addition to the funding, Mike Abbott, a general partner at KPCB, has been added to Airware’s board.

196 Views

Andreessen Horowitz and Dan Gilbert back Genius

According to a blog post by Ben Horowitz of Andreessen Horowitz, Genius (formerly known as Rap Genius) has raised $40 million in funding. Dan Gilbert, owner of Quicken Loans and the Cleveland Cavaliers, led the round with participation from return backer Andreessen Horowitz. Genius is a line-by-line annotation site. To read the announcement, visit here.

133 Views

Tanium grabs $90 mln from Andreessen Horowitz

Tanium, a Berkeley, Calif-based systems and security management firm, has raised $90 million in funding from Andreessen Horowitz. According to the company, the capital infusion will be used for product development and personnel hiring. In addition to the funding, Tanium has added Steven Sinofsky, board partner at Andreessen Horowitz, to its board of directors.

First read sunrise
780 Views

peHUB First Read

Catch up on the latest happenings after the weekend including Andreessen Horowitz’s latest investment, how Florida SBA’s private equity portfolio performed last year, JMI Equity’s $1 bln fundraising and some LPs’ views on who the up and coming venture firms are.

100 Views

Walker & Company Brands nets $6.9 mln Series A

According to a blog post by founder and CEO Tristan Walker, Walker & Company Brands has closed $6.9 million in Series A funding. Andreessen Horowitz led the round with participation from Upfront Ventures, Collaborative Fund, Daher Capital and Johnson + Partners. In addition to the funding, the firm has named Jeff Jordan to its board of directors. Walker & Company is the maker of Bevel, a shaving solution for men with coarse and curly hair. To read more details about the funding, visit here.

147 Views

Andreessen Horowitz leads Series B round for Instacart

Instacart, an on-demand grocery service, has received $44 million in Series B funding. Andreessen Horowitz led the round with participation from previous backers Sequoia Capital, Khosla Ventures and Canaan Partners. Also, Box CEO Aaron Levie and Y Combinator President Sam Altman made personal investments.

226 Views

Andreessen Horowitz powers up Mesosphere with $10 mln Series A

San Francisco-based Mesosphere announced it has raised $10 million in Series A funding from Andreessen Horowitz,with an additional $500,000 in funding from Data Collective and Fuel Capital. The company, which also has an office in Germany, provides an operating system for data centers to read the open source Apache Mesos. It previously raised $2.25 million from Andreessen Horowitz, Kleiner Perkins Caufield & Byers, Foundation Capital and SV Angel. The company was founded by former engineers from Twitter and AirBnB.

First read Feb 24
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peHUB First Read

Catch up on the latest headlines after the weekend including a list of firms on the fundraising trail, some research on how syndication influences leveraged buyout success and more on how to fix the VC gender gap.

205 Views

Actor Dempsey invests in VC-backed CrowdMed

San Francisco-based healthcare startup CrowdMed said Tuesday that it has received an undisclosed investment from actor Patrick Dempsey. CrowdMed is backed by NEA, Andreessen Horowitz, Greylock Partners, SV Angel, Khosla Ventures and Y Combinator.

131 Views

Earnest bags $15 mln

Earnest, which provides merit-based loans for graduating students and young professionals, has secured $15 million in funding. Earnest’s investors include Andreessen Horowitz, Atlas Venture, Collaborative Fund, First Round Capital and Maveron.

113 Views

Pinterest racks up $200 mln at $5 bln valuation

Virtual scrapbook site Pinterest has raised $200 million in Series F financing at a valuation of $5 billion, a spokesperson from the company confirmed. Previous backers SV Angel, Bessemer Venture Partners, Fidelity, Andreessen Horowitz, FirstMark Capital and Valiant Capital Partners participated in the round.  Pinterest co-founder and CEO Ben Silbermann said in a statement: “Pinterest has a vision of solving discovery and helping everyone find things they’ll love. This new investment gives us additional resources to realize our vision.”

106 Views

Andreessen Horowitz leads $15 mln round for OpenGov

According to a blog post on its site, OpenGov has secured $15 million in Series B funding. Andreessen Horowitz led the round. In conjunction with the funding, Balaji S. Srinivasan, a general partner at Andreessen Horowitz , will join the firm’s board of directors. Based in Mountain View, Calif., OpenGov is a provider of financial data visualization and analysis software for local governments. To read further details about the funding, visit here.

159 Views

Kleiner Perkins leads oversubscribed round for Instart Logic

Instart Logic, which provides a cloud-based service for Web publishers to improve site performance over mobile and WiFi networks, has raised $26 million in Series C funding. Kleiner Perkins Caufield & Byers led the round, which included prior investors Andreessen Horowitz, Greylock Partners, Sutter Hill Ventures and Tenaya Capital. The Mountain View, Calif.-based company has now raised $43 million in total funding.

100 Views

Maxta grabs $25 mln Series B funds

Maxta, a provider of storage solutions, said Wednesday that it has raised $25 million in Series B funding. Tenaya Capital and Intel Capital led the round with participation from previous backer Andreessen Horowitz. According to the firm, the capital infusion will be used for marketing, sales and support expansion as well as product development.

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