New Relic Raises $80m in Mezz Financing

SaaS-based application management provider New Relic has raised $80 million in mezzanine financing to help the company expand into the mobile market, extend operations to Europe in preparation for a future public offering. Insight Venture Partners led the financing, which also included a major investment from accounts managed by T. Rowe Price Associates, Inc. Other participants included Dragoneer Investment Group LLC, Passport Ventures LLC, and the company’s existing investors Allen & Company, Benchmark Capital, Trinity Ventures and Tenaya Capital.

Panaya Secures Series D Led by Battery Ventures

ERP testing and upgrade automation SaaS provider Panaya has secured $16 million in Series D funding. Funding came from the company’s existing investors, led by Battery Ventures. Also participating in the round were Benchmark Capital and Hasso Plattner Ventures.

Farmigo Raises $8m Series B

Online farmer’s market Farmigo has raised $8 million in Series B financing led by Sherbrooke Capital and RSF Social Finance. Series A lead investor Benchmark Capital also joined this round.

Glassdoor Raises Fresh $20M, Led by DAG Ventures

Sausalito, Calif.-based Glassdoor, a five-year-old online career and jobs site, has raised $20 million in venture financing led by DAG Ventures, with participation from existing investors Benchmark Capital, Sutter Hill Ventures and Battery Ventures. This new round brings Glassdoor’s total capital raised to $42.2 million.

Zendesk Powers Up With $60M

Zendesk, a provider of on-demand, help desk, customer services support network, has raised $60 million in new funding including $45 million in equity. Investors include new investors Index Ventures, GGV Capital, Goldman Sachs and existing investors Charles River Ventures, Benchmark Capital and Matrix Partners. The San Francisco-based company also secured $15 million in debt from Silicon Valley Bank. Zendesk has now raised more than $80 million in total funding since it was founded in 2007. CEO Mikkel Svane told peHUB in an email that the conmpany doesn’t have any acquisitions planned. “But we are focusing heavily on attracting the right talent and DNA to the company. We need a bigger pile of chips on the table to continue to execute at the pace we’re executing,” he said.

CouchSurfing Raises $15M From General Catalyst, Menlo, Benchmark, Omidyar

CouchSurfing said it raised $15 million in a Series B round led by General Catalyst Partners and joined by Menlo Ventures and existing investors Benchmark Capital and Omidyar Network. The company has raised a total of $22.6 million in the past year. PRESS RELEASE CouchSurfing Raises $15 Million in Series B, Led by General Catalyst […]

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