218 Views

Care.com acquires VC-backed Citrus Lane

Care.com has bought Citrus Lane, a Mountain View, Calif-based social commerce service that sells products to families. The value of the transaction was for a consideration of $22.9 million in cash, $8.1 million in equity at the closing and an additional $17.6 million in payments over the next two years. The latter is dependent on Citrus Lane’s fulfillment of “certain milestones” in 2015 and 2016. Mauria Finley, founder and CEO of Citrus Lane, will continue to run the company. She has also been named SVP and GM of Citrus Lane. Citrus Lane was backed by Greylock Partners and GGV Capital.

187 Views

Online gaming services firm Curse scores $16 mln

Curse said Tuesday that it has received $16 million in funding. The investors included GGV Capital and Multiplier Capital, which provided $6 million in venture debt. In addition to the funding, Hans Tung of GGV Capital has joined the Curse board of directors. Headquartered in Huntsville, Alabama, Curse is an online gaming services firm.

134 Views

Light Chaser Animation Studios raises $20 mln in Series B funding

GGV Capital and Chengwei Capital have led a $20 million Series B funding round in Light Chaser Animation Studios, a developer of animated films with a focus on Chinese culture. Existing investors Hillhouse Capital and IDG participated in the funding round, while China Renaissance worked as the financial advisor.

248 Views

GGV Capital raises $620 mln for fifth fund

GGV Capital, a U.S. and China-focused venture firm, said Wednesday that it has closed $620 million for its fifth fund. Its LPs include the University of California Regents. GGV Capital was an early backer of Alibaba.

05062014feverchart

Gains in venture performance lift University of California portfolio: VCJ

A maturing slice of the University of California’s venture portfolio is benefiting from the venture industry’s performance gains of the past year, according to affiliate magazine Venture Capital Journal. The majority of the 20 funds the university holds with vintages of 2003 to 2006 advanced smartly in 2013 and 17 now have positive IRRs.

GGV Capital and Formation8 back Wish

Mobile commerce platform Wish said Thursday that it has received $19 million in financing. GGV Capital and Formation8 led the round with participation from previous backers that include Yahoo co-founder Jerry Yang. In conjunction with the funding, Additionally, Hans Tung, managing director at GGV Capital, has been added to Wish’s board of directors.

InVisage picks up $18 mln and expands team with new hires

InVisage Technologies has received $18 million in funding. Investors included GGV Capital, Nokia Growth Partners, RockPort Capital, InterWest Partners, Intel Capital and OnPoint Technologies. Also, InVisage has hired Ephraim Kwok as chief financial officer and Emanuele Mandelli as vice president of engineering. Based in Menlo Park, Calif., InVisage is a fabless semiconductor firm.

VC-backed Domo appoints TPG principal to board

Enterprise software startup Domo has named Nehal Raj, a principal at TPG, to its board of directors. TPG Growth recently led a $125 million Series C round in Domo. The company’s other backers include Benchmark, Fidelity Investments, Founders Fund, GGV Capital, Greylock Partners, IVP, Salesforce.com, T. Rowe Price, WPP and Zetta Venture Partners.

148 Views

Content marketing platform Percolate nabs $24 mln

New York City-based content marketing platform Percolate said Tuesday that it has raised $24 million in Series B financing. Sequoia Capital led the round with participation from previous backers GGV Capital, First Round Capital, Lerer Ventures and WPP. Also, Percolate has added Mike Dixon of Sequoia to its board of directors.

Zendesk appoints to board

Zendesk, a provider of cloud software has made three appointments to its board of directors: Caryn Marooney, vice president of technology communications at Facebook; Elizabeth Nelson, former chief financial officer of Macromedia and former Amazon.com general counsel Michelle Wilson. Founded in 2007 and based in San Francisco, Zendesk has offices in seven countries and funding from Charles River Ventures, Benchmark, GGV Capital, Index Ventures, Matrix Partners and Redpoint Ventures.

Yodo1 raises Series B led by GGV Capital

Yodo1, a Beijing-based publisher and platform provider for mobile games, has raised $11 million in Series B financing led by GGV Capital. Singtel Innov8 along with new investors Pavillion Capital and Iris Capital joined the round. The company has raised $18 million since its founding in 2011.

PEHUB Community

Join the 12502 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Create your free online surveys with SurveyMonkey , the world's leading questionnaire tool.

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget