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.

Kabbage Raises $17M From Mohr Davidow, BlueRun, Others

Kabbage, Inc. said it secured $17 million of Series B funding in a deal led by Mohr Davidow Ventures. Existing investors BlueRun Ventures; David Bonderman, founder of TPG Capital; Warren Stephens, chief executive of Stephens Inc.; and the UPS Strategic Enterprise Fund participated in the round. Also part of the round were several individuals, including […]

Opinionaided Wraps Up $4.3M

Start-up Opinionaided has closed on $4.3 million from SoftBank Capital, BlueRun Ventures, General Catalyst and Draper Fisher Jurvetson, as well as from angel investors, including DreamIt Ventures’ Mark Wachen and Jonah Goodhart of Point Ventures Group. Opinionaided is a free question-and-answer app, downloadable on the iPhone, iPod Touch or iPad, which gives advice and opinions in real-time. With the Series A round, the company also announced the formation of a board, which includes investors Jay Jamison, a venture partner at BlueRun Ventures; and Joe Medved, a partner at SoftBank Capital. Softbank and BlueRun were the lead investors on the Series A round.

SiliconBlue Technologies Inks $18M Series D

SiliconBlue Technologies has closed on $18 million in Series D financing. Atlantic Bridge, a Dublin and London-based private equity firm, led the financing. Existing shareholders BlueRun Ventures, Crosslink Capital, NEA and Apex Venture Partners all participated in the round. Brian Long, a partner at Atlantic Bridge, will join the company’s board. SiliconBlue develops custom mobile device technology for handheld applications. The company is headquartered in Santa Clara, Calif., with offices in China, Taiwan, Korea, and Japan.

Pixim Strikes a Deal with Advasense

Pixim, the Mountain View, Calif.-based startup providing technology for security cameras, will buy Advasense Technologies. Investors in Pixim include Tallwood Venture Capital, Ridgewood Capital, Mayfield Fund and Mohr Davidow. Advasense Technologies investors include Genesis Partners, Giza Venture Capital, CIDC Consultants, BlueRun Ventures and VentureTech Alliance. Specifics on the transaction were not publicized.

Hungry VCs Like the Taste of Social Food Sites

Chances are good that with Easter Sunday approaching and Memorial Day just around the corner, you’ve recently typed into your URL a food website so you can look up a special recipe or a BBQ technique. It’s too soon to tell whether investing in the social food category is a recipe for success, but the sector […]

Real-Time Search Engine Topsy Raises $15M

BlueRun Ventures, Ignition Partners, Founders Fund and angel investor Scott Banister (co-founder of Zivity) joined a $15 million Series C round for Topsy, the San Francisco-based company announced today. Western Technology Investments joined the round, which brings to $30 million the amount of equity and debt that Topsy, a provider of real-time search engine services, […]

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