05292014AustinTexasStar

Recent funds in UTIMCO’s portfolio make gains: VCJ

The University of Texas Investment Management Company’s venture portfolio includes bets on recent funds from Union Square Ventures, IA Ventures, Foundry Group, True Ventures, Cendana Capital and now Techstars and Pinto Technology Ventures. A good number have started well and, through early this year, continued to make gains.

X.ai nets $2.1 mln

New York City-based artificial intelligence firm x.ai has raised $2.1 million in seed funding. IA Ventures, Softbank and Lerer Ventures led the round.

Address change platform Updater scores $8 mln

Updater has closed $8 million in Series A funding. The investors were SoftBank Capital, Second Century Ventures, IA Ventures and Commerce Ventures. Also, the firm has named Ryan Hubbard as chief technology officer. Based in New York City, Updater is a relocation and address-change platform.

Updater Raises $5M From SoftBank, IA Ventures, Others

Updater said it raised about $5 million in a Series A round led by SoftBank Capital and IA Ventures. The company did not disclose its other investors. It said the money would be used to hired, expand technology resources and for marketing.

Cendana Has Final Close On Institutional Seed Fund Of Funds

Cendana Capital announced the final close of a pair of seed-based fund of funds on Friday. The institutional seed investor now has raised $88.2 million and taken a position with nine investment partnerships. The final close announced Friday in a document filed with Securities and Exchange Commission was on $28.2 million raised by Cendana Capital L.P.

Could New York’s Startup Scene Hit the Wall in 2013?

In recent years, buttoned-down New York City has become an epicenter of open-collared consumer Web startups, with one hot brand after another drawing in users and venture capital in tandem. But the city that doesn’t sleep may have to work through the night reinventing itself if investors’ growing infatuation with all things enterprise goes unabated.

Datadog Secures Series A

Datadog has secured a $6.2 million series A round of funding, co-led by Index Ventures and RTP Ventures, an affiliate of ru-Net Holdings. Existing investors IA Ventures, Amplify Partners, Contour Ventures and NYCSeed also participated. Datadog is an IT service based in New York City.

Magnetic Attracts $10M

Magnetic, the search retargeting company, has taken on $10 million in a Series B round led by Edison Ventures. The New York-based company didn’t have any difficulty finding VCs, however: other backers for the round included IA Capital Partners, NYC Seed, NYC Investment Fund, Jonathan Kraft, Neu Venture Capital and Charles River Ventures. PRESS RELEASE: […]

DataSift Raises $7.2M From IA Ventures, GRP Partners

DataSift said it raised $7.2 million in Series A funding from existing investors GRP Partners and IA Ventures. The social data platform company, which will move into new offices in San Francisco’s SOMA district, will use the money to increase growth. PRESS RELEASE Social Data Platform Company DataSift Secures $7.2 Million in Funding Funds will […]

Metamarkets’ Mighty Round, Khosla on as Advisor

Metamarkets, the big data analytics firm, just completed a $15 million fundraising led by new investor Khosla Ventures. Existing investors, including IA Ventures and True Ventures, also participated in the round. Vinod Khosla will join the company as an advisor. The second round of funding for Metamarkets brings its total funding to $23 million. PRESS […]

DataPop Raises Series B led by MK Capital

Digital marketing technology company DataPop has raised $7 million in Series B funding. MK Capital led the round, with participation from existing investors Rincon Venture Partners, IA Ventures, Momentum Ventures and Accelerator Ventures. PRESS RELEASE By delivering on the real promise of internet advertising, DataPop, a fast growing digital marketing technology company, has raised $7MM […]

TransferWise Raises $1.3M From IA, Index, Max Levchin, Others

TransferWise said it raised seed funding of $1.3 million in a round led by IA Ventures, Index Ventures, PayPal co-founder Max Levchin and a group of strategic angel investors. The company operates a crowd-sourced money transfer service. PRESS RELEASE Game-changing money transfer service TransferWise lands 1.3 million dollars from leading smart finance investors London, United […]

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