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.

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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 Kayak.com) 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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The Honest Company, co-founded by Jessica Alba, raises $25 mln

The Honest Company, which operates site to sell natural, non-toxic products, has raised a $25 million round that was led by Institutional Venture Partners. ICONIQ Capital and existing investors Lightspeed Venture Partners and General Catalyst Partners also participated in the round. The Los Angeles-based company, co-founded by actress Jessica Alba, has now raised $52 million in financing.

Listia raises $9 mln from General Catalyst

Online trading marketplace Listia raised a $9 million Series round led by General Catalyst Partners. The Mountain View, Calif.-based company had previously raised about $2 million in seed funding from Andreessen Horowitz, SV Angel and other investors, including individuals Naval Ravikant and Max Levchin. As part of the Series A funding, Neil Sequeira, a partner at General Catalyst, will join the board.

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Altimeter Capital Wants to Hedge Its Bets with Venture Fund

Plenty of hedge fund managers have dipped a toe into the venture business in recent years. A Boston-based group is taking things a massive step further, though. Altimeter Capital – an investment firm that has raised roughly $310 million since 2008 to take long and short positions in mostly public travel companies — is raising a $75 million venture fund, according to a new Form D filed with the SEC.

Brazilian Software Company Leads GoodData’s Series D

Big data company GoodData has raised a big round of $22 million, led by TOTVS Ventures, the investment arm of the big Brazilian enterprise software company TOTVS S.A. Also participating in the round are existing GoodData investors Andreessen Horowitz, General Catalyst Partners, Next World Capital and Tenaya Capital. San Francisco-based GoodData, which helps corporations crunch data generated by SAP and other enterprise software programs, has now raised about $75 million in total funding.

Yuchun Lee Joins General Catalyst Partners as EIR

Yuchan Lee — cofounder of the marketing software company Unica, which sold to IBM for about $480 million in 2010 — has joined the Cambridge, Mass.-based venture capital firm General Catalyst Partners as an entrepreneur in resident. Most recently, Lee served as the vice president and general manager of IBM’s Enterprise Marketing Management Group.

ParElastic Raises $5.7m in Series A

Cloud data management business ParElastic Corporation has raised $5.7 million in a Series A round financing led by General Catalyst Partners. The company’s existing investors including Point Judith Capital, CommonAngels and LaunchCapital also participated in the round. The Series A brings ParElastic’s total financing to $8.7 million.

General Catalyst Recaps Oceans Healthcare

General Catalyst Partners has recapped Oceans Healthcare. Financial terms were not announced. Lake Charles, La.-based Oceans is a provider of psychiatric facilities for geriatric patients. Co-Founders Jason Reed and Nick Guillory will remain as CEO and COO, respectively. The Braff Group advised Oceans Healthcare.

VMware CTO Joins General Catalyst as Partner

General Catalyst Partners has hired Dr. Stephen Herrod in its Palo Alto office as a partner. Herrod joins General Catalyst from VMware, a virtualization and cloud infrastructure solutions business, where he served as the company’s chief technology officer and senior vice president of research and development.

NatureBox Closes Seed Round

Healthy snack subscription service NatureBox has closed a $2 million round of seed funding. The investment is co-led by General Catalyst Partners and Redpoint Ventures and includes the participation of prominent individual investors.

CouchSurfing Raises $15M From General Catalyst, Menlo, Benchmark, Omidyar

CouchSurfing said it raised $15 million in a Series B round led by General Catalyst Partners and joined by Menlo Ventures and existing investors Benchmark Capital and Omidyar Network. The company has raised a total of $22.6 million in the past year. PRESS RELEASE CouchSurfing Raises $15 Million in Series B, Led by General Catalyst […]

Jumptap Hires Frank Weishaupt as COO

Cambridge, Mass.-based Jumptap, a startup focused on mobile advertising has appointed Frank Weishaupt as chief operating officer. The company recently raised $27.5 million in venture financing. Existing investors included General Catalyst Partners, Redpoint Ventures, Summerhill Ventures, Valhalla Partners, and WPP. New investor Keating Capital also participated in the round. PRESS RELEASE On the heels of […]

Shareaholic Raises Oversubscribed $3 Million Series A

Content start-up Shareaholic has closed an oversubscribed $3 million Series A led by Kepha Partners. Existing investors including General Catalyst Partners, NextView Ventures, 500Startups and angels also participated. ANNOUNCEMENT Today I am thrilled to announce that we have closed a very oversubscribed $3 Million Series A led by Kepha Partners with all our existing investors […]

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