Story-sharing platform Wattpad nets $46 mln

According to a blog post on its site, Wattpad has raised $46 million in funding. OMER Ventures led the round with participation from investors that included August Capital, Raine Ventures, Northleaf Venture Catalyst Fund, Union Square Ventures, Khosla Ventures and Jerry Yang of AME Cloud Ventures. Based in Toronto, Wattpad is a story-sharing platform. To read more details about the funding, visit here.


Nokia Growth Partners leads $10 mln round for Gigwalk

Gigwalk has secured $10 million in Series B funding. Nokia Growth Partners led the round with participation from new backer Randstad Holding nv and previous investors August Capital, Harrison Metal and SoftTech. In addition to the funding, Paul Asel of NGP has been added to Gigwalk’s board. Based in San Francisco, Gigwalk is a local visibility software platform for consumer brands. secures funding

Business payment network has closed $38 million in financing. Led by new investor Scale Venture Partners, the round also included participation from Bank of America, American Express, Fifth Third Bank, Pete Kight, founder of CheckFree, and Commerce Ventures, as well as all of’s previous investors August Capital, Napier Park Global Capital, TTV Capital, Jafco Ventures, Emergence Capital and DCM. With this funding, has raised $80 million to date.

Fastly Ramps Up WIth $10M Funding Round

Fastly, a San Francisco-based provider of a content delivery network, has raised a $10 million Series B round of funding from August Capital. The company, founded in 2011, previously raised more than $1 million in Series A and seed-stage funding from such investors as Battery Ventures, Reilly AlphaTech Ventures and individual investors, including Sunil Dhaliwal, now a founder of Amplify Partners.

RelayRides Acquires Wheelz

Car sharing marketplace RelayRides has acquired car sharing platform Wheelz. RelayRides has raised more than $13 million in venture capital funding from investors including Google Ventures, August Capital, Shasta Ventures and General Motors Ventures.

Victory Park Capital Backs AvantCredit

Victory Park Capital has announced a $25 million credit facility for Chicago-based AvantCredit, an online lending company offering loans between $1,000 and $10,000 to individuals. In addition to the credit facility, VPC also participated in AvantCredit’s Series A equity round led by August Capital.

Jeff Baeth Joins Devicescape as CFO

Devicescape, a San Bruno, Calif.-based WiFi software maker, has appointed Jeff Baeth to the position of CFO. Baeth joins the company from Jajah, where he served as CFO, helping facilitate the company’s sale to Telefonica S.A. in 2010. Devicescape has raised nearly $16 million in funding, including from Kleiner Perkins Caufield & Byers and August Capital.

Xirrus Closes Series Funding on $23.5m

Xirrus, a Wi-Fi device maker based in Thousand Oaks, Calif, has closed a $23.5 million Series E financing round. The funding was led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners, and US Venture Partners.

Facebook Acquires Threadsy, Maker of Swaylo

Threadsy, a four-year-old startup that had raised $6.3 million from investors including August Capital and Harrison Metal Capital, was acquired last Friday by Facebook, according to a company blog post. Terms of the acquisition were not disclosed, though follow-on reports characterized the deal as an “acqui-hire,” meaning Facebook might have been more interested in the […]

PEHUB Community

Join the 12493 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget