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VC-backed Handy buys Mopp

New York City-based on-demand home cleaning and repair service Handy (formerly known as Handybook) has acquired UK-based cleaning service Mopp, the latter confirmed in a blog post on its site. No financial terms were disclosed. Handy’s backers include Revolution Growth, General Catalyst and Highland Capital. To read the announcement, visit here.

Zoove Secures Series E Rogers Venture Partners, Panorama Capital

Zoove Corp, a provider of a unique mobile phone number for content has secured a $15 million from existing series D investors, Rogers Venture Partners and Panorama Capital. The company’s early stage investors, Worldview Technology Partners and Highland Capital also invested in the business.

CampusLIVE Re-launches as Dailybreak and Inks $5m

CampusLIVE has re-launched as Dailybreak. Based in Boston, MA, the company has closed $5 million in funding led by GSV Capital Corp and is also backed by Highland Capital and Charles River Ventures. Dailybreak has also appointed John Federman as CEO. PRESS RELEASE With a string of major developments heralding its expansion beyond the college-aged […]

2tor Raises Leaves $26M Series D

2tor Inc., a provider of online degree programs, has closed on $26 million in Series D financing. Hillman Company led the round, with participation from new investors SVB Capital and WestRiver Capital, and return backers Bessemer Venture Partners, Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners and City Light Capital. The Series D brings 2tor’s […]

Violin Memory Raises $50M From SAP, Highland, Toshiba, Juniper

Violin Memory, Inc. said it raised $50 million in Series D funding, giving the company a market value of more than $800 million. Investors in the round include Toshiba, Juniper Networks and new investors SAP Ventures and Highland Capital. PRESS RELEASE Violin Memory Flashes Forward with a $50 Million Mezzanine Round and $800+ Million Valuation […]

Tony Roma’s Still Up For Sale, while Krystal Co. Auction in Second Stage

Now a little bit of restaurant deal info.

It’s been a while since I’ve heard anything on the Tony Roma’s auction. In fact, I thought the process was dead.

This isn’t true, I’m hearing. In fact, the auction of the casual dining chain known for its ribs is still going on, sources say. I’m not sure what is taking so long, but Tony Roma’s is in talks with some restaurant groups (I assume this means strategics), sources say.

Rent The Runway Raises $15M From Kleiner Perkins

Rent the Runway said Monday it raised $15 million in venture capital from Kleiner Perkins Caufield & Byers. The investment in the New York dress rental business bring capital raised to more than $31 million, with prior financing of more than $16 million from Bain Capital Ventures and Highland Capital. The startup had pre-launch seed […]

VYou Seals $3M Series A for Video Tech

VYou, the developer of a conversational video platform, has closed on $3 million in Series A financing. RRE Ventures and Highland Capital Partners led the round, which will be used for growth and technology development. Other investors include High Peaks Venture Partners, Broadway Video Ventures, and individual investors Kevin Wall, David Tisch, and Rick Webb. Adam Ludwin of RRE Ventures and Dan Nova of Highland Capital will join as board members.

Qihoo Plans $200M I.P.O.

Chinese Internet company Qihoo 360 Technology Co Ltd. plans to raise up to $200 million in an initial public offering, Reuters reported. The I.P.O. would provide an exit for a slew of investors including firms Sequoia Capital, Highland Capital, Redpoint Capital, Matrix and IDG. UBS Investment Bank and Citi are leading underwriters. Quihoo is a provider of Internet and mobile security products.

Top 10 peHUB Posts This Week

Want to catch up on what your colleagues found most interesting on peHUB this week? Here are our posts with the most pageviews from Feb. 28 to March 4.

1. How We Waste Time on Email – by Joanna Glasner, posted on Feb. 28.

2. Tweetfight: A Battle Over Boston Breaks Out – by by Connie Loizos, posted on Feb. 28.

3. Greylock Is More Proof of an Internet Bubble – by Mark Boslet, posted on March 1.

4. Bain Capital Ventures To Open Palo Alto Office This Summer – by Luisa Beltran, posted on March 2.

5. Highland, Charles River, Others Back New Incubator In Bold Move To Stay Relevant – by Mark Boslet, posted on Feb. 28.

6. SAC Capital’s PE Unit Spinning Out Into New Firm – by Luisa Beltran, posted on Feb. 28.

7. Tales from the Echo Chamber – by Connie Loizos, posted on March 3.

8. Personal Trading of Shares by VCs on Secondary Exchanges Raises Concerns of Conflicts of Interest – by Jonathan Marino, March 1.

9. Two Years After Splitting From Lehman, Trilantic To Begin Fundraising Later in 2011– by Luisa Beltran, posted on Feb. 28.

10. Debt Men Tell No Lies: Largest LBOs Remain on Shaky Ground – by David Toll, posted on March 3.

Pixable gets $2.1 mln injection from Highland

Pixable has received $2.1 million in funding from Highland Capital, according to an SEC filing. Pixable, of New York, makes easy to print photo books and calendars. Highland Capital,a venture capital firm, targets sectors including consumer, healthcare as well as information and communications technology.

More To Come On SCVNGR Fundraising

SCVNGR’s new funding — a $4 million round led by Google Ventures with participation from Highland Capital, SCVNGR’s first backer — was nailed down by mid-October, but Google and Highland wanted to wait until January 12 to announce it “so they could control how the information gets disseminated,” according to SCVNGR founder and CEO Seth Priebatsch.

Those plans were blown when Priebatsch filed the company’s Form D to the SEC on December 24, Christmas Eve, when he thought no one would be working. “I figured no one would notice,” he said.

He claims to have saved some new information for a press release, though — details on the company’s ambitious plans for expansion. Priebatsch, now 21, dropped out of Princeton to found SCVNGR — his third company — about 18 months ago.

How High-Touch Should Founders Be?

Here’s one metric from Peter Bell at Highland Capital, who says he’s invested in 200 companies over the last 21 years. He specializes in technology.

Founders should personally meet candidates for the first 200 positions. “I tell people who are looking at small companies, if you’re not meeting the CEO don’t go there,” he says. “It’s not like GE. For the first couple hundred people, you want to know what’s important to the CEO” — and the CEO has to put his or her touch on the company.

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Companies That Avoid Venture Capital

I’ve talked to people at three companies lately who said they either avoided or feared outside investors, although one CEO — 20-year-old Seth Priebatsch of Scvngr, a mobile game company — did end up taking around $1 million from Highland Capital and says he’s glad he did, because the connections and advice provided by Highland have been invaluable.

Another of the companies — a game design company in San Francisco — was just incorporated, and its team is just starting to think about outside funding, but the third — Groundspeak in Seattle, whose geocaching sport has between 2 million and 3 million players, around the world — is about 10 years old and growing and has repeatedly turned away outside investment.

AOL Acquires Patch Media and Going

NEW YORK (Reuters) – AOL has struck deals to acquire two small start-up companies focused on local online media, Patch Media Corp and Going Inc, ahead of its separation from Time Warner Inc (TWX.N). AOL’s new chief executive, Tim Armstrong, was an early investor in Patch Media, which was founded in 2007 and concentrates on […]

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