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SnapLogic Appoints Spencer Punter as CFO

Posted on: May 7, 2013 by asormaniNo Comments »

SnapLogic has appointed Spencer Punter as chief financial officer. The appointment builds on SnapLogic’s $20 million funding in late 2012, from Ignition Partners, Triangle Peak Partners and existing investors Andreessen Horowitz.

Facebook’s Purchase of Parse Is Good News for Ignition Partners

Posted on: April 26, 2013 by Lawrence J. Aragon2 Comments »

Providing what appears to be a sizable exit for Ignition Partners and other venture firms, Facebook today acquired startup Parse Inc., which offers a cloud-based mobile application platform. Ignition was the startup’s largest venture backer.

Motif Raises $25 Mln Financing

Posted on: April 14, 2013 by Luisa BeltranNo Comments »

Motif Investing has raised an additional $25 million in financing from a group of investors including Goldman Sachs & Co. and existing Motif investors Foundation Capital, Ignition Partners and Norwest Venture Partners. San Mateo-based Motif is an online broker. Darren Cohen, Managing Director of Principal Strategic Investments at Goldman, is joining Motif’s board as an observer.

Venture-Backed Appature Sells to IMS Health

Posted on: March 12, 2013 by Connie LoizosNo Comments »

IMS Health, a Parsippany, N.J.-based healthcare industry data firm, has acquired Appature, a Seattle-based software company that had raised roughly $10 million, including from Madrona Venture Group and Ignition Partners. Terms of the deal were not disclosed.

Ignition Scales Back for Fund V – Filing

Posted on: February 5, 2013 by Joanna GlasnerNo Comments »

Ignition Venture Partners is seeking $150 million for its newest fund – a major decrease from the last fund, which was $400 million. Still, the Seattle-based VC has scored some good exits lately, including data analytics provider Splunk.

Flash Storage Company WhipTail Raises $31M Series C

Posted on: December 13, 2012 by Alastair GoldfisherNo Comments »

WhipTail, a Whippany, N.J.-based flash based storage company, has raised a $31 million Series C round of funding from SanDisk, Ignition Partners, RRE Ventures and Spring Mountain Capital. Silicon Valley Bank provided debt financing and the company said an unnamed Silicon Valley industry titan also invested.

INRIX Appoints Former Microsoft CFO to Board

Posted on: November 28, 2012 by asormaniNo Comments »

INRIX, an international provider of traffic information and driver services has elected John Connors to its board of directors. Connors is a partner at Ignition Partners and former chief financial officer of Microsoft Corporation.

Avanade to Acquire Azaleos Corporation

Posted on: November 15, 2012 by asormaniNo Comments »

Business technology solutions provider Avanade is to acquire Azaleos Corporation, headquartered in Seattle. Azaleos is a Microsoft Exchange and messaging company backed by Ignition Partners and Second Avenue Partners.

Continuuity Raises $10m Series A

Posted on: November 15, 2012 by asormaniNo Comments »

Continuuity has secured a $10 million Series A funding round. Battery Ventures and Ignition Partners led the round, and were joined by returning and new investors Andreessen Horowitz, Data Collective and Amplify Partners.

Former Xensource Vets Launch Convergent-io, Raises Series A from Andreessen Horowitz

Posted on: August 23, 2012 by Alastair GoldfisherNo Comments »

Cloud computing startup Convergent-io announced it raised a $10 million Series A round from Andreessen Horowitz. The startup–which was founded by veterans of Xensource, which was bought by Citrix five years ago–develops cloud-based storage infrastructure. Peter Levine, general partner of Andreessen Horowitz, has joined the board. The company reportedly raised a $1.2 million seed-stage round of [...]