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VC-backed MobileIron files for IPO

MobileIron said Monday that it has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. Morgan Stanley and Goldman Sachs will serve as lead underwriters. Based in Mountain View, Calif., MobileIron is a provider of mobile IT security and management for apps, content and devices. Its backers include Institutional Venture Partners, Foundation Capital, Norwest Venture Partners and Sequoia Capital.

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College app Blend raises $2.7 mln, Ohio State students need not apply

New Enterprise Associates has led a $2.7 million seed round in Blend, a San Francisco-based maker of a social networking app for college students. Trinity Ventures, Foundation Capital, Lerer Ventures, Maveron, BoxGroup, XG Ventures and SparkLabs Global Ventures also joined in the seed round. The app is available for students in more than 3,500 universities nationwide, except those from Ohio State University. Blend co-founder and CEO Akash Nigam attended the University of Michigan before dropping out and launching Blend. As such, the company doesn’t allow students from rival school Ohio State to sign up for the app.

VCs renew commitment to XMOS in $14m funding round

Investors Amadeus Capital Partners, DFJ Esprit and Foundation Capital have renewed their commitment to fabless semiconductor company, XMOS. XMOS is expected to use the funding to finance further expansion of its international operations.

Chegg Files For IPO; Kleiner, Foundation, Insight, Gabriel Hold Shares

The online site for students, Chegg, filed for a $150 million IPO. According to the company’s Form S-1 submitted to the Securities and Exchange Commission, Chegg had revenue of $116.9 million in the first six months of 2013 and a net loss of $21.2 million. Its major venture investors include Kleiner Perkins Caufield & Byers, Gabriel Ventures, Foundation Capital and Insight Venture Partners.

TubeMogul Secures $10M, Plans Asian to Singapore

Online video marketing company TubeMogul announced it has $10 million in a Series C tranche that was led by SingTel Innov8, the venture arm of SingTel Group. Cross Creek Capital joined the round and existing investors Digital Advertising Consortium, Foundation Capital and Trinity Ventures also participated. The Emeryville, Calif.-based company previously raised about $33 million in total funding, including a $20 million first tranche of the Series C in late 2012.

Matrix Partners Leads $15 Million Series B Investment in Fastback Networks

Fastback Networks, a San Jose-based mobile infrastructure company, has closed a $15 million round led by the venture firm Matrix Partners. Existing investors, including Foundation Capital; Granite Capital; and Juniper Networks, through its Junos Innovation Fund, also participated in the Series B financing. Fastback Networks raised $11 million in Series A funding in 2011.

Motif Raises $25 Mln Financing

Motif Investing has raised an additional $25 million in financing from a group of investors including Goldman Sachs & Co. and existing Motif investors Foundation Capital, Ignition Partners and Norwest Venture Partners. San Mateo-based Motif is an online broker. Darren Cohen, Managing Director of Principal Strategic Investments at Goldman, is joining Motif’s board as an observer.

Reuters – Foundation Capital Raises Seventh Fund

Foundation Capital has unveiled its seventh fund, a $282 million pool of money that the venture firm plans on investing in early-stage startups, according to VentureBeat, writes Reuters. Menlo Park, Calif.-based Foundation Capital primarily invests in early stage companies and plans to focus this current fund on consumer technology, information technology, and clean technology.

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