06122014Massachusetts

MassPRIM’s push into venture slowed last year: VCJ

The Massachusetts Pension Reserves Investment Management’s venture portfolio includes top name funds from Union Square Ventures, Spark Capital and Index Ventures, but after stepping on the gas early this decade, the board’s pace of commitments shifted to a lower gear last year, affiliate magazine Venture Capital Journal reports.

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HackerRank raises Series B

HackerRank has raised $9.2 million dollars in Series B funding from Khosla Ventures, Battery Ventures and angel investors. HackerRank is a platform used by hackers to hone their skills and companies to streamline their recruiting process.

DFJ Growth leads $30 mln round for SiSense

SiSense said Thursday that it has closed $30 million in financing. DFJ Growth led the round with participation from previous backers Battery Ventures, Genesis Partners and Opus Capital. In addition to the funding, Randy Glein, managing director at DFJ Growth, will join the SiSense board of directors. Based in New York City and Tel Aviv, SiSense is a provider of big data analytics.

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Parking app SpotHero nabs $4.5 mln Series A

SpotHero has closed $4.5 million in Series A funding. The investors included Chicago Ventures, Bullpen Capital, Battery Ventures, OCA Ventures, Pritzker Group Venture Capital, Lightbank, G2T3V, e.ventures, Draper Associates and 500 Startups. In conjunction with the funding, Mike Gamson of LinkedIn has been added to SpotHero’s board of directors. Headquartered in Chicago, SpotHero is an on-demand parking app.

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Battery Ventures leads Series B round for RiskIQ

RiskIQ has closed $25 million in Series B financing. Battery Ventures led the round with participation from previous backer Summit Partners. In conjunction with the funding, the firm has added Michael Brown of Battery Ventures to its board of directors. Headquartered in San Francisco, Calif., RiskiIQ is a provider of internet security solutions.

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SingleHop secures $14.8 mln

SingleHop has secured $14.8 million in venture debt financing from Silicon Valley Bank and Farnam Street Financial. This supplements the company’s 2012 Series A of $27.5 million, led by Battery Ventures. SingleHop is a platform for cloud IaaS and managed hosting for SMBs, enterprises, and service providers worldwide.

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Battery Ventures and Venrock back 6Sense

6Sense, which has emerged from stealth, has raised $12 million in Series A financing. Battery Ventures and Venrock led the round with participation from Silicon Valley Bank. In conjunction with the funding, Roger Lee, general partner at Battery Ventures and Brian Ascher, a partner at Venrock, have joined 6Sense’s board. Based in San Francisco, 6Sense is a B2B predictive intelligence engine for sales and marketing.

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Sprinklr bags $40 mln

Sprinklr said Tuesday that it has secured $40 million in Series D funding. The investors were ICONIQ Capital, Battery Ventures and Intel Capital. Headquartered in New York CIty, Sprinklr an enterprise social relationship platform for large businesses.

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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.

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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.

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