04172014countingmoney

Fund performance: NEA and Austin show solid improvement in WSIB portfolio: VCJ

A generation of venture capital funds now reaching middle age is clearly benefiting from the business’ up-cycle, affiliate magazine Venture Capital Journal reports. This is apparent in the Washington State Investment Board’s Pathway and Invesco portfolios, where funds from the 2006 to 2008 vintages are turning in solid performances.

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KeyMe app grabs $7.8 mln

KeyMe said Tuesday that it secured $7.8 million in Series A funding. The investors included White Star Capital, Battery Ventures and 7-Ventures, the investing arm of 7-Eleven. KeyMe is an app that copies keys and solves lockouts.

VC-backed IHS acquires InnLink

IHS GmbH, a portfolio company of Battery Ventures, has acquired InnLink. No financial terms were disclosed. Based in Henderson, Tenn., InnLink is a provider of central reservations services.

04082014investmentgrowth
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Distributions from Union Square and Spark spiked last year: VCJ

Distributions from Union Square Ventures’ debut 2004 fund and Spark Capital’s initial 2005 fund spiked last year, perhaps not surprisingly, according to a recent Washington State Investment Board portfolio report, affiliate magazine Venture Capital Journal says.

FTBpro racks up $18 mln

FTBpro has received $18 million in funding. The investors included Battery Ventures, Gemini Israel and Dawn Capital. Headquartered in London with offices in Tel Aviv, FTBpro is a fan-generated media platform in online football.

VC-backed Q2 Holdings debuts IPO

Q2 Holdings has launched its IPO after pricing 7.76 million shares of its stock at $13 per share. The stock began trading Thursday on the NYSE under the ticker symbol “QTWO.” J.P. Morgan Securities and Stifel, Nicolaus & Company are the lead underwriters. Based in Austin, Texas, Q2 Holdings is a provider of secure virtual banking solutions. Its backers include Adams Street Partners and Battery Ventures.

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Meritech Capital leads $40 mln round for Coupa Software

Coupa Software said Thursday that it has secured $40 million in Series F funding. Meritech Capital led the round with participation from Icon Ventures, Northgate Ventures, Crosslink Capital, Mohr Davidow Ventures, Battery Ventures, El Dorado Ventures and Blue Run Ventures also participated. In addition to the funding, George Bischof, managing director of Meritech Capital Partners, has been added to Coupa’s board as an observer. Based in San Mateo, Calif., Coupa Software is a provider of cloud-based solutions for finance.

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Platfora nets $38 mln

Platfora said Wednesday that it has raised $38 million in funding. Tenaya Capital led the round with participation from Citi Ventures, Cisco, Allegis Capital, Andreessen Horowitz, Battery Ventures, Sutter Hill Ventures and In-Q-Tel. Based in San Mateo, Calif., Platfora is a provider of big data analytics solutions.

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