05132014fundgrowth
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Bets pay off for venture funds in UC portfolio: VCJ

Last year saw several top performing funds in the University of California’s recent-vintage venture portfolio consolidate performance gains, as others continue to advanced, affiliate magazine Venture Capital Journal reported.

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Gains in venture performance lift University of California portfolio: VCJ

A maturing slice of the University of California’s venture portfolio is benefiting from the venture industry’s performance gains of the past year, according to affiliate magazine Venture Capital Journal. The majority of the 20 funds the university holds with vintages of 2003 to 2006 advanced smartly in 2013 and 17 now have positive IRRs.

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Kabbage raises fresh $50 mln in SoftBank-led round

Kabbage, an online lender for small businesses, has raised a $50 million Series D round led by SoftBank Capital. Also participating in the round is TCW/Craton, Lumia Capital and existing investors, including UPS Strategic Enterprise Fund, Thomvest Ventures, BlueRun Ventures, Mohr Davidow Ventures and individuals David Bonderman and Warren Stephens. As part of the latest round, Steve Murray, a partner at SoftBank, has joined the board. Atlanta-based Kabbage has now raised about $106 million in equity since 2010.

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Banjo snags $16 mln Series B funds

Banjo said Thursday that it has closed $16 million in Series B financing. Balderton Capital led the round with participation from BlueRun Ventures and Vegas Tech Fund. Headquartered in Redwood City, Calif., Banjo is a social discovery app.

Kilopass Receives $8m Funding to Expand Tech Roadmap

Kilopass Technology, a provider of semiconductor logic non-volatile memory intellectual property has received an $8 million funding from a major consumer electronics licensee who wishes to remain anonymous until its own product launch. Kilopass is backed by BlueRun Ventures, Pitango Ventures and U.S. Venture Partners.

Venture-Backed Thirst Labs Launches Revamped Site

Thirst Labs, which provides a mobile app and Web platform to discover and share news, announced today that its Thirst news platform has been revamped and is now available to everyone online. Thirst Labs raised a $950,000 seed round from BlueRun Ventures and individual investors Steve Newcomb (co-founder of Powerset) and Jason Krikorian (co-founder of Sling Media). Thirst Labs co-founder and CEO Anuj Verma says the company plans to start working on raising a Series A round during the first quarter of this year.

Kabbage Raises Plenty of Green for Itself

Atlanta-based Kabbage, which provides capital to small and mid-sized online merchants, has raised $30 million in Series C funding. The company has now raised $56 million in total equity. The latest round was led by Thomvest Ventures, the venture arm of Peter Thomson, who’s also a director of Thomson Reuters (owner of peHUB). Joining in the round are UPS Strategic Enterprise Fund, Mohr Davidow Ventures, BlueRun Ventures, SV Angel and individuals Warren Stephens and David Bonderman.

BlueRun’s Buhl Joins AppCentral

Peter Buhl, co-founding partner at BlueRun Ventures, jumped from investing in startups to helping to run one. The 12-year veteran investor joined AppCentral as chief operating officer.

GGV, Sequoia, BlueRun Back Chinese Shopping Engine Meilishuo

A group of Silicon Valley VCs are betting that homegrown shopping networks will keep on growing in China. GGV Capital, Sequoia Capital, BlueRun Ventures and Zero2IPO recently, and quietly, invested a Series C round in Meilishuo, which operates a Chinese shopping social network and microblog for women. As part of the funding, Ray Hu, vice […]

David Jaques Joins Board of CommerceTel

CommerceTel, a San DIego based mobile marketing company, announced today that David Jaques has agreed to join its board of directors and to serve as chair of its audit committee. Jaques was formerly the CFO of BlueRun Ventures and before that he served as CFO of PayPal. PRESS RELEASE: CommerceTel Corporation, an award-winning provider of […]

Mobile Investing Gets Harder as Bar for Deals Rises

When it comes to mobile investing, think picks and shovels, not the next Angry Birds. That’s the advice several seasoned venture capitalists offered a roomful of applications developers Thursday afternoon. Angry Birds-like successes are rare. Tools makers can supply building blocks to all comers. But rather than guide a ton of cash into the space, […]

Personal Finance Site SaveUp Inks $2M

San Francisco-based SaveUp has raised $2 million in seed financing to help Americans save more money. The company is developing a national rewards program for personal savings, where users win promotions and prizes by paying down their debts and bulking up their savings. BlueRun Ventures and True Ventures are backing the company. SaveUp is currently gearing up for a private beta test of its service.

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