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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.

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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.

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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.”

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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.

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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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Andreessen Horowitz leads $57 mln funding of Optimizely

Optimizely, which provides website optimization tools, has raised a $57 million Series B round of financing led by Andreessen Horowitz, with participation from Benchmark Capital and Bain Capital Ventures. As part of the round, Scott Weiss, general partner at Andreessen Horowitz, has joined the board. San Francisco-based Optimizely has now raised $88 million in total funding.

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Andreessen Horowitz and SoftTech VC back Halo Neuroscience

Halo Neuroscience has received $1.5 million in funding. Andreessen Horowitz and SoftTech VC led the round with participation from Kima Ventures, Fabrice Grinda and Josh Hannah. Based in San Francisco, Halo is a maker of wearable technology that helps brain activity.

Box IPO never had a set date, says company rep

Despite news reports that say that Box has delayed its IPO, according to a company spokesperson, there was never a set date for its rollout. Says the Box rep: “Since filing, we’ve planned on going when it makes the most sense for the market. That plan hasn’t changed.” Headquartered in Los Altos, Calif., Box is a data storage provider. The company filed for an IPO earlier this year. Its backers include Draper Fisher Jurvetson, US Venture Partners, Meritech Capital Partners, Andreessen Horowitz and Emergence Capital Partners.

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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.

VC-backed GitHub president resigns following investigation into harassment claims

According to a blog post authored by GitHub CEO and Co-Founder Chris Wanstrath, the firm’s president (and one of its co-founders) Tom Preston-Werner has resigned following a probe into sexual harassment allegations levelled against him and his wife. Although Preston-Werner was cleared, writes Wanstrath, the investigation did uncover evidence of “mistakes and errors of judgment.” Based in San Francisco, GitHub is a social network for programmers. It is backed by Andreessen Horowitz and SV Angel. To read more of Wanstrath’s announcement regarding Preston-Werner’s resignation and the details surrounding the investigation of claims made against him, visit here.

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Julep Beauty snags $30 mln Series C funds

Seattle-based beauty brand Julep Beauty said Monday that it has secured $30 million in Series C financing. The investors included Azure Capital, Madrona Venture Group, Altimeter Capital, Andreessen Horowitz and Maveron.

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.

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