Keynote Systems, a provider of Internet and mobile cloud testing & monitoring, has elected Anthony Sun to its board of directors. Tony Sun was a general partner of Venrock Associates (Rockefeller Family Venture Funds) for over 30 years and managing general partner and CEO for the last eight years, retiring in 2010. In his career, [...]

Enterprise cloud provider Appirio has raised $60 million in Series D funding led by General Atlantic and including existing investors Sequoia Capital and GGV Capital. The company, which previously raised about $17 million in funding, says it plans to use the latest round to support its M&A strategy of global expansion and to bolster its [...]

Social sound platform SoundCloud has raised an undisclosed amount in a fundraising round led by Kleiner Perkins Caufield & Byers. GGV Capital also participated. The investment will allow SoundCloud to further its expansion. PRESS RELEASE SoundCloud, the leading social sound platform, raised an undisclosed amount in a fundraising round led by Kleiner Perkins Caufield & [...]

Appirio, a technology-enabled services provider that helps enterprises power their businesses with the cloud, is to acquire Saaspoint, a European-based provider of cloud consulting services. The acquisition, Appirio’s fourth this year, supplements Appirio’s existing presence in the U.S., Japan and India, and will form a foundation for expanding more broadly into Europe. Appirio has offices [...]

A group of Silicon Valley VCs are betting that homegrown shopping networks will keep on growing in China. GGV Capital, Sequoia Capital, BlueRun Ventures and Zero2IPO recently, and quietly, invested a Series C round in Meilishuo, which operates a Chinese shopping social network and microblog for women. As part of the funding, Ray Hu, vice [...]

The venture industry has suffered for more than a decade from intractable roadblocks to portfolio company liquidity. This strategic difficulty is evident in the alternative investments holdings of the University of California, where the Regents have invested in 84 venture funds, 20 between the years of 2001 and 2004. peHUB took a look at the [...]

In peHUB’s continuing series of slideshows on venture funds and fund performance, we’ve looked at funds through the lens of IRRs, annual commitment trends and cash returns. Here is another look at cash returns that is more troubling than becoming. We isolated the 39 venture capital funds in the University of California’s private equity portfolio [...]

RootMusic—the San Francisco-based company that developed the BandPage Facebook application for musicians—announced today that it raised $16 million in Series B expansion led by GGV Capital. New investor Northgate Capital and existing investor Mohr Davidow Ventures (MDV) also participated. As part of the fund, Hany Nada, partner at GGV, has joined the board. The company has now [...]

The most genuine measure of the success of a venture fund is its ability to return cash to its limited partners. By this measure, early stage funds have a slight edge over later stage ones in CalPERS’ venture capital portfolio. Four of the top 10 cash generators from 2001 to 2005 are early stage investment [...]

Media company Ziff Davis Inc. has acquired Focus Research Inc., a venture-backed provider of online research and leads. Formed in 2005, Focus has raised money from Lightspeed Ventures, Trinity Ventures and GGV Capital. Terms of the acquisition by Ziff Davis were not released. Focus Research will be renamed “Ziff Davis B2B Focus” and will operate as a stand-alone unit. The business will continue to operate out of its current offices in San Francisco.