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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Online home decor retailer Wayfair grabs $157 mln

Wayfair said Friday that it has closed $157 million in Series B financing. T. Rowe Price Associates led the round with participation from TripAdvisor CFO Julie M.B. Bradley. Headquartered in Boston, Wayfair is an online retailer of home furnishings and decor. Its backers include Battery Ventures, Spark Capital, HarbourVest Partners and Great Hill Partners.

Mercato Partners invests in Primary Data

Mercato Partners has backed Primary Data, a provider of next-generation software-defined data center technologies. Primary Data recently increased the size of its Series B round and closed on $60 million in financing. In this round, Mercato joins other investors such as Accel Partners, Battery Ventures, Lightspeed Venture Partners and Pelion Venture Partners.

Koru raises $4.35 Million

Education startup Koru has announced $4.35 million in funding. Investors are Maveron, who led the round, Battery Ventures, First Round Capital and a16z seed as well as a small number of individual investors.

Catchpoint closes $6m Series B

Catchpoint Systems has closed a $6 million series B financing round led by existing investor Battery Ventures. The company is a provider of web and infrastructure monitoring solutions.

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Gainsight raises $20 mln in funding

Gainsight, which develops customer-focused software, has raised a $20 million Series B round of funding led by Bain Capital Ventures. Existing investors Battery Ventures and Summit Partners also participated in the round. The Mountain View, Calif.-based company has now raised $30 million in total funding. As part of the latest round, Ajay Agarwal, managing director at Bain Capital Ventures, has joined the board.

Israeli data center support company Stratoscale raises $10 mln

Stratoscale announced it has raised $10 million in Series A financing from Battery Ventures and Bessemer Venture Partners. The Herzeliya, Israel-based company develops virtualization technology to improve the performance of large data centers. As part of the funding, Scott Tobin, general partner at Battery Ventures, and Adam Fisher, partner at BVP, have joined the board.

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