Distil Networks pulls in $10 mln Series A

Distil Networks said Wednesday that it has closed $10 million in Series A funding. Foundry Group and Techstars’ Bullet Time Ventures led the round with participation from ff Venture Capital, IDEA Fund Partners and Militello Capital. In conjunction with the funding, Ryan McIntyre of Foundry Group and Bullet Time Ventures’ David Cohen have been named to Distil Networks’ board of directors. Based in Arlington, Virginia, Distil Networks is a provider of bot detection and mitigation solutions.

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Elicit raises total Series A round to $2.025 mln

Elicit said Friday that it has secured a total of $2.025 million in Series A funding and added Chicago Ventures as an investor. According to the firm, the capital infusion will be used to expand Elicit’s marketing and sales efforts. Based in Chicago, Elicit is a provider of tech solutions that help marketers improve on-site search conversion. Its backers include Greycroft Partners, First Round Capital, ff Venture Capital and Lazerow Ventures.

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Lithium Technologies acquires VC-backed Klout

Lithium Technologies has acquired Klout. No financial terms were disclosed. Based in San Francisco, Klout measures social web influence. Its backers include KPCB, Venrock, IVP, ff Venture Capital, Greycroft Partners, Lucid Ventures, Draper Nexus Ventures, Mayfield Fund and Zelkova Ventures.

Klout reportedly acquired by Lithium for $100 mln

San Francisco-based Klout has reportedly been acquired for $100 million by Lithium Technologies. The companies have not yet announced a deal, but online publications, including re/code reported last week that the deal is closed. Klout, which measures the influence of users on social media, has raised at least $40 million in known financing since it was founded in 2008.

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peHUB First Read

Take a break this morning and read all about the latest PE news including ff venture capital’s first fund to be raised under the JOBS Act; Maine committing to GTCR and Onex funds and investors flocking to Britain’s Royal Mail.

Adcade Secures Seed Funds Led by ff Venture Capital

Adcade, an NYC-based startup in the mobile advertising market, has closed over $1.5 million in seed stage funding led by ff Venture Capital. Other participants in the round include Quotidian Ventures, BHV, Great Oaks VC and a handful of angel investors.

Job of the Week: New York-based Seed Firm is Hiring

New York-based seed investment firm ff Venture Capital is expanding its acceleration team to include an in-house designer, hacker and public relations specialist. The positions are based in midtown Manhattan. The new team members will work both on in-house ff projects and also work with portfolio companies.

VolunteerSpot Inks $1.5m Funding Led by ff Venture Capital

VolunteerSpot has secured an investment of $1.5 million. The funding was led by ff Venture Capital of New York, with participation from members of the Central TX Angel Network, Nebraska Angel Network, Angel List and Baylor Angel Network. Launched in 2009, VolunteerSpot provides online volunteer tools designed to help busy moms, teachers and nonprofit organisers […]

Klout Acquires Blackboard

Online reputation company Klout has acquired Blockboard. This is Klout’s first acquisition. Klout’s backers include Kleiner Perkins Caufield & Byers, Greycroft Partners and ff Venture Capital. PRESS RELEASE We’re only a few weeks into 2012 and already have more great news. Klout has acquired Blockboard! This is Klout’s first acquisition, and it’s a very important […]

Livefyre Gets More Funds

Livefyre, a provider of social commenting and real-time applications, has announced the release of its second-generation conversation platform along with a Series B round of financing. The $4.5M investment was led by Greycroft Partners and included digital media investors Cue Ball, HillsVen Group, and ff Venture Capital. The funding round allows Livefyre to scale engineering and sales efforts, as well as accelerate development of its aggressive innovation roadmap.

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Teten & Farmer: VC & PE Funds’ Best Practices in Sourcing Investments

Would you invest in a company that only sold to one out of 80 leads? Or a company that typically took one year and three professionals just to close a single client?

In fact, you’ve already made that investment: in your private equity or venture capital fund. According to our data, the median investor in private companies reviews over 80 opportunities in order to make one investment. The median private equity fund required 3.1 investment team members to close one transaction in one year….

5 Questions For David Teten, With #Insight On Hashable, Klout: UPDATED

David Teten, founder of one company that mines social networks for deal leads, another that mines social networks for recruitment leads, another that connects hedge fund managers with industry executives, and another one (alas, now defunct) that provided investment banking services to buyers and sellers of domain names, has landed a gig as a venture capitalist.

Teten has become the second partner at New York-based ff Venture Capital since its inception in 1999. The firm holds stakes in such notable companies as Klout Inc. (mine is 50, thank you very much) and Hashable Inc., a company that stands at the crossroads of CRM and, yes, hash tags. Having known Teten for nearly a decade, and admired his mastery of the social networking scene, I thought I’d catch up with him with five questions to find out more about his new firm.

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