TPG Growth, Coatue Management invest $150 mln in Box

TPG Growth and Coatue Management have invested $150 million in data storage company Box. As part of the investment, TPG Growth will appoint a director to the Box board of directors. Terms of the deal were not disclosed. Morgan Stanley worked as financial advisor to Box.

Jimmy Choo shoes founder Mellon shows off her OBE in London

peHUB Second Opinion

In Second Opinion, Tamara Mellon, co-founder of Jimmy Choo shoes, says sexual discrimination and inequality in private equity made her a feminist, Box raises another $150 mln in funding from TPG and Coatue, and Uber cuts the price of UberX rides in NYC by 20%.


peHUB Second Opinion

In Second Opinion, Box is in talks for a round of funding from TPG, Apple’s new smartwatch will have more than 10 sensors, Yo gets hacked and RadioShack’s stock dipps below $1 a share.


Box buys VC-backed cloud storage provider Streem

Data storage firm Box has acquired Streem, the latter confirmed in an announcement on its site. No financial terms were disclosed. Headquartered in San Francisco, Streem is a provider of unlimited cloud storage solutions. Its backers include Y Combinator, Arbor Ventures, Ironfire Capital, 500 Startups, Start Fund and Socialatom Ventures. To read the post, visit here.

Toronto Mayor Rob Ford attends a special council meeting at City Hall in Toronto

peHUB Second Opinion

In Second Opinion, PE dry powder hits $1 trillion, GM recalls 3 million more cars, Box buys Stream and get ready for “Rob Ford The Musical.”


Andreessen Horowitz leads Series B round for Instacart

Instacart, an on-demand grocery service, has received $44 million in Series B funding. Andreessen Horowitz led the round with participation from previous backers Sequoia Capital, Khosla Ventures and Canaan Partners. Also, Box CEO Aaron Levie and Y Combinator President Sam Altman made personal investments.


peHUB First Read

This morning, First Read brings you news about how the Americans allegedly blew up the proposed $35 bln merger between Publicis and Omnicom, how Square turned dollars into data and the Winklevoss twins list their bitcoin fund on the Nasdaq.


Hunger for GrubHub shows IPO market still has appetite: VCJ

Led by the jumbo IPO of food delivery website GrubHub, 11 venture-backed companies went public in April, according to affiliate magazine Venture Capital Journal. While that was down from a 13-year high of 18 offerings in March, it was a substantial increase from April 2013.


peHUB First Read

To end your week, First Read has news about activists in San Francisco asking a judge to stop buses transporting evil tech workers from using public bus stops, AstraZeneca rejects increased offer from Pfizer and meet the only Wall St. executive jailed for his part in the financial crisis.

Box IPO never had a set date, says company rep

Despite news reports that say that Box has delayed its IPO, according to a company spokesperson, there was never a set date for its rollout. Says the Box rep: “Since filing, we’ve planned on going when it makes the most sense for the market. That plan hasn’t changed.” Headquartered in Los Altos, Calif., Box is a data storage provider. The company filed for an IPO earlier this year. Its backers include Draper Fisher Jurvetson, US Venture Partners, Meritech Capital Partners, Andreessen Horowitz and Emergence Capital Partners.


Elementum nabs over $60 mln

Elementum, which emerged from stealth mode in February, has received over $60 million in funding. Investors included Lightspeed Venture Partners, Flextronics, Jerry Yang, co-founder of Yahoo, Aaron Levine, co-founder and CEO of Box and Dave Duffield, co-founder and co-CEO of Workday. Also, Elementum has named Duffield, David Dibble, former EVP of Yahoo, David Henke, former SVP of LinkedIn and Aneel Bhusri, co-founder, chairman and co-CEO of Workday, to its board of advisors. Based in Silicon Valley, Elementum is a provider of supply chain management information solutions for the mobile workforce.


peHUB First Read

This morning read the latest about the Box IPO and its venture capital owners, some insights into big data and biotech stock dips escalating fears of a bursting bubble.

Box appoints healthcare advisors

Box has appointed Aneesh Chopra, the first chief technology officer of the US, and Glen Tullman, former CEO of Allscripts, to serve as special advisors for the company’s healthcare and life sciences practice. Headquartered in Los Altos, CA, Box is backed by Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners, and U.S. Venture Partners, as well as by strategic investors salesforce.com, SAP Ventures and Intel Ventures.

Box reportedly files for an IPO

In what is one of the most highly anticipated tech IPOs of the year, cloud-based file sharing company Box has reportedly and quietly filed registration papers for a public offering. Reuters reported in November that the company tapped Morgan Stanley, Credit Suisse and JPMorgan Chase & Co to manage its IPO. Box, which has raised more than $400 million in debt and equity since 2005, could seek up to $500 million in its IPO, Quartz and others reported.

Box Hires Three Enterprise Tech Execs

Box has hired three enterprise technology executives. Justin Somaini, Yahoo!’s ex-chief information security officer, has joined Box as the company’s first chief trust officer. Niall Wall, a Symantec veteran, has joined Box as their SVP of business development. And Jeff Mannie, an ex-PayPal executive, was named Box’s VP and controller.

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