San Francisco-based startup Chute announced Tuesday it raised $7 million Series A round of funding led by Foundry Group, with existing investors Freestyle Capital and U.S. Venture Partners also participating. The company, which came out out of Y Combinator, previously raised about $3 million in funding from institutional ind individual investors, including Klout co-founder and CEO Joe Fernandez.
You are browsing the archive for Foundry Group - peHUB.
It’s clear that fewer seed-funded companies are receiving follow-on rounds right now. For nascent startups, it’s certainly cause for hand-wringing. But already venture-backed companies that are gaining traction should also be concerned about what this trend means for them — specifically, more investor visits.
The new Boston startup accelerator Bolt has raised financing from Autodesk, Logitech and Grishin Robotics, according to a press release. Other partners include Mick Mountz, founder of Kiva Systems and Brad Feld of Foundry Group. The accelerator plans to work with startups developing hardware, including robotics and consumer devices.
The Foundry Group has led a $7 million Series B funding round for Rover.com. Existing investor Madrona Venture Group also participated. Brad Feld, a Foundry MD, is joining Rover.com’s’ board. Seattle-based Rover.com connects dog owners with approved, reviewed and insured sitters.
Mark your calendars for VentureScape, May 14-15 in San Francisco; and be prepared to be engaged.
Urban Airship has acquired Tello, a company that streamlines the creation and management of passes for Apple® Passbook®. Urban Airship is venture backed by Founder’s Co-op, Foundry Group, Intel Capital, salesforce.com, TrueVentures and Verizon.
isocket has received $8 million in a Series A round of funding. Foundry Group led the investment. New investor Costanoa also joined with participation from seed investors DFJ, SoftTech, Accelerator, Quest and Blumberg Capital.
You don’t often hear venture capitalists talking about the world’s biggest crowd-funding site, Kickstarter. But maybe they should.