VC-backed Clarabridge buys Market Metrix

Clarabridge, which is backed by General Catalyst Partners and Summit Partners, said Tuesday that it has acquired Market Metrix. No financial terms were disclosed. Based in Larkspur, Calif., Market Metrix is an enterprise feedback management platform for the leisure and hospitality sectors.

Circle Internet Financial closes $17 mln Series B

Circle Internet Financial, a digital currency company has closed $17 million in Series B financing, bringing its total raise to date to $26 million. Breyer Capital, Accel Partners and General Catalyst Partners were joined by new investor Oak Investment Partners to lead the round.

Bitcoin startup Circle Internet Financial snags $17 mln

Boston-based bitcoin company Circle Internet Financial said Wednesday that it has raised $17 million in Series B funding. Investors included Breyer Capital, Accel Partners, General Catalyst Partners, Oak Investment Partners, Pantera Capital and Fenway Summer.


Top security investors include unexpected names — VCJ

Security investing continues to run at high throttle, affiliated publication VCJ reports. Overall venture dollars committed to security startups dipped slightly last year, but still broke the $1 billion mark, according to data from Thomson Reuters.

VC-backed Bigcommerce announces new hires

Bigcommerce has named West Stringfellow as chief product officer and Ron Pragides as vice president of engineering. The firm has also opened a new office in San Francisco. An e-commerce platform for SMBs, Bigcommerce is backed by Steve Case’s Revolution Growth, General Catalyst Partners and FLOODGATE.

ownCloud closes Series A

ownCloud has closed a $6.3 million series A funding round, led by Devonshire Investors and existing investor General Catalyst Partners and joined by customers and existing angel investors. John Raguin, managing director, Devonshire, will join the company’s board where he previously served as a board advisor.


General Catalyst backs L2, Sagan joins board

L2, which provides market research to consumer brands, announced it has raised a $16.5 million growth-stage investment from General Catalyst Partners. The New York-based company, founded by NYU marketing professor Scott Galloway, also announced the addition of two new board members: Paul Sagan, an XIR and partner at General Catalyst, and Larry Bohn, managing director of General Catalyst. This is the first investment Sagan has made since joining General Catalyst in January.

Akamai’s former CEO joins General Catalyst

General Catalyst Partners, which in December raised $675 million for its seventh fund, has added Paul Sagan as a partner and XIR. Sagan was an early employee at Akamai Technologies and served as its CEO from 2005 to 2013. Sagan’s previous association with General Catalyst came last fall when the firm led a $25 million growth funding round in Datto, a Norwalk, Conn.-based provider of backup data and recovery services. Sagan became non-executive chairman of Datto as part of the funding.

CoachUp raises $6.7 mln

CoachUp, which helps connect athletes with private coaches via the desktop and a mobile app, has raised $6.7 million in Series A funding co-led by Point Judith Capital and General Catalyst Partners. Other new investors in the Boston-based company include Data Point Capital, Suffolk Equity Partners and individual investors, including Paul English (co-founder and CTO of and Albert Dobron (managing director at Providence Equity Partners). Current investor Breakaway Ventures (Dennis Baldwin, former CMO of Reebok) also participated in the round. The company told peHUB that it had previously raised $2.2 million in seed funding from General Catalyst and Breakaway in November 2012. As part of the Series A round, Sean Marsh of Point Judith Capital has joined the board, which also includes David Fialkow of General Catalyst.

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