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.
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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.
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.
Silver Spring Networks signaled its determination to complete an initial public offering by announcing a planned $12-million private placement with its largest shareholder, Foundation Capital.
Mobile ecommerce business Revel Touch has secured $10 million in venture capital financing. The series A round was co-led by existing investor Foundation Capital and Lightspeed Venture Partners. PRESS RELEASE Revel Touch, a technology innovator in mobile ecommerce, today announced that it has secured $10 million in venture capital financing. The Series A round was [...]
MobileIron, a provider of mobile IT security and management for apps, content, and devices has secured a $40 million series E mezzanine financing round. The investment was led by Institutional Venture Partners which joined existing investors Foundation Capital, Norwest Venture Partners, Sequoia Capital and Storm Ventures. The round brings MobileIron’s total funding to $97 million. [...]
SilkRoad, a Chicago-based company focused on online human resources and “social talent management,” has raised a $35 million Series C financing round. Investors in the round include new investors Keating Capital and NTT Finance. Existing investors including Intel Capital, Crosslink Capital, Foundation Capital, Azure Capital and Tenaya Capital also joined in the round. Since 2003, [...]
Week’s Top Posts Focus on Facebook’s Purchase of Instagram, Fundraising by Bain and Foundation and IPO Market
Trending on peHUB this week: Facebook, Instagram, Sequoia Capital, Bain Capital, Foundation Capital, Fred Wilson, Mark Suster, Brad Feld, Oaktree Capital, Summit Partners, Q1 VC fundraising.
Foundation Capital has set out to raise $400 million for its seventh fund, considerably less than the $750 million it raised in 2008 for its sixth fund. The new fund also won’t include two GPs from fund VI: Rich Redelfs and Mike Schuh.
Depending on when private equity and venture capital firms made investments in the college textbook publishing space, they’re either hitting the books, or getting hit by them.