The fund, CRP XV, had an initial target of $300 million and is slightly larger than its $320 million predecessor. Partners put a cap in place at $375 million to maintain a commitment to “small and focused” funds, according to a press release.
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Game Closure, a Mountain View, Calif.-based maker of HTML5-based cross-platform game technology, has raised $12 million. Highland Capital Partners led the Series A round, with Greylock, Benchmark, General Catalyst and Charles River Ventures also participating. Highland’s Andy Miller has joined the company’s board of directors. PRESS RELEASE Game Closure today announced a Series A financing [...]
San Francisco-based Scan Inc., maker of the popular QR code reader app for iOS, has raised a $1.7 million seed round led by Menlo Ventures. Other investors include Google Ventures, Charles River Ventures, Yuri Milner’s Start Fund, Social + Capital Partnership, Transmedia Capital, Ludlow Ventures. PRESS RELEASE Scan Closes $1.7 Million Seed Funding Led by Menlo Ventures; [...]
Mobile advertising network Millennial Media Inc. has filed with regulators to raise up to $75 million in an initial public offering. Morgan Stanley, Goldman Sachs and Barclays Capital are among the underwriters listed for the offering. The Baltimore-based company raised more than $65 million from venture investors, and wrapped up a $27.5 million round a year ago. Backers include from Bessemer Venture Partners, Columbia Capital, Charles River Ventures and New Enterprise Associates.
Charles River Ventures spent the back end of 2011 fundraising and the bi-coastal firm is expected to soon close a fifteenth fund with about $300 million, more or less matching its prior funds, sources tell peHUB. Notably, one prominent member of the firm’s Sand Hill Road team won’t be part of the new fund, either. Multiple [...]
Spool, a San Francisco start-up that allows users to save text, image, and video content to mobile devices and push content to a friend’s mobile device, has raised $1 million in seed funding. Spool has secured this funding from investors including SVAngel, StartFund, Felicis Ventures, Charles River Ventures, Steve Chen (the founder of YouTube), Vivi [...]
(Reuters) – U.S.-Israeli start-up CloudShare, whose technology enables Web-based development and testing of software applications, expects to as much as triple sales in 2012 as its benefits from the rapidly growing cloud computing market. “I think next year we will be two to three times larger than this year in terms of sales,” CEO Guri [...]
Massive Health has launched “The Eatery,” a nutrition app for the iPhone that id designed to track and analyze a person’s overall eating patterns. The company, launched this year, is backed by seed financing from venture capital firms Andreessen Horowitz, Charles River Ventures, Greylock Partners, Mohr Davidow Ventures and Felicis Ventures. Massive Health is based in San Francisco.
Video site Viki has closed on $20 million in Series B financing from investors including SK Planet, BBC Worldwide, Greylock Partners, Andreessen Horowitz, Charles River Ventures and Neoteny Labs. The money will go toward product development and expanding the company’s staff. Viki provides online video, including TV series, movies and premium content, translated into over 150 languages by a community of fans.