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Luxury Resale Site The RealReal Raises $14M

Posted on: April 16, 2013 by Alastair GoldfisherNo Comments »

The RealReal, a San Francisco-based luxury resale site, has raised a $14 million Series B round led by InterWest Partners. The round also included existing investors Canaan Partners, e.ventures, Greycroft Partners, Novel TMT Ventures, Panarea Capital and individual investors Suzy Welch and Sukhinder Singh Cassidy.

Novira Therapeutics Completes Series A Financing

Posted on: March 26, 2013 by asormaniNo Comments »

Novira Therapeutics has completed a Series A financing after securing $7.5 million from new investor Versant Ventures. This brings the total raised from all investors in the round to $25 million. Versant joins 5AM Ventures and Canaan Partners, which led the first closing of the Series A in August 2012.

Norwest Preparing To Open New York Office: Sources

Posted on: February 1, 2013 by Mark Boslet1 Comment »

Norwest Venture Partners is apparently preparing to open a New York office, eager to expand its presence in the Big Apple’s Internet startup scene, sources say.

VCJ Year in Review: VCs Rocking the Marketing Angle

Posted on: December 24, 2012 by Alastair GoldfisherNo Comments »

VC marketing is nothing new. But lately, many firms have recruited people with agency or startup experience, which some observers say is an important way for firms to recruit young entrepreneurs and branch out into social media marketing.

ShopKeep POS Inks $10m in New Funding

Posted on: December 5, 2012 by asormaniNo Comments »

ShopKeep POS has closed a Series B funding round of $10 million led by Canaan Partners. Tribeca Venture Partners and TTV Capital, who co-led the company’s $2.2 million Series A funding earlier this year, also participated in the round.

Ross Fubini Joins Canaan Partners, Targets Consumer Enterprise and Health Care IT

Posted on: November 13, 2012 by Alastair GoldfisherNo Comments »

Entrepreneur and investor Ross Fubini, who’s been a partner with seed-stage investor Kapor Capital for the past year, has joined Canaan Partners as a venture partner. Fubini, who’s listed as an advisor to Palantir Technologies, led investments in Piazza, CitrusLane, GingerIO, KarmaLoop, ElationEMR, Omada Health and HealthLoop and others while at Kapor Capital.

AdverCar Raises $2M From Canaan, Branford, TiE Angels, Others

Posted on: October 31, 2012 by Mark BosletNo Comments »

AdverCar said it raised $2 million in a seed round led by Canaan Partners and joined by 1-800-Flowers, Branford Castle Private Equity, New Orleans Startup Fund, TiE Angels Boston and Jit Saxena. AdverCar is developing an auto advertising service.

UrbanSitter Closes Series A led by Canaan Partners

Posted on: October 15, 2012 by asormaniNo Comments »

UrbanSitter, an online service for parents and sitters to connect through people they know, has closed a $6 million Series A round of funding. The round was led by Canaan Partners with participation from existing investors First Round Capital, Menlo Ventures, Rustic Canyon Partners and several angels.

Canaan Backs Online Lender Borro; GP Dan Ciporin Joins Board

Posted on: October 11, 2012 by Alastair GoldfisherNo Comments »

Borro, which operates a secured asset lending site, has raised $26 million in a funding round led by Canaan Partners and including Ribbit Capital. The company, which was launched in London four years ago and has operated out of New York since January, previously raised about $20 million from European investors. As part of the funding, Canaan General Partner Dan Ciporin has joined the board.

Xirrus Closes Series Funding on $23.5m

Posted on: September 26, 2012 by asormaniNo Comments »

Xirrus, a Wi-Fi device maker based in Thousand Oaks, Calif, has closed a $23.5 million Series E financing round. The funding was led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners, and US Venture Partners.