Bets pay off for venture funds in UC portfolio: VCJ

Last year saw several top performing funds in the University of California’s recent-vintage venture portfolio consolidate performance gains, as others continue to advanced, affiliate magazine Venture Capital Journal reported.


VC-backed M&A shifts to smaller deals: VCJ

Although large venture-backed acquisitions like WhatsApp and Nest Labs have dominated the headlines, most deals so far in 2014 are modest in size, an analysis by affiliate publication Venture Capital Journal has found.


Sutter Hill Ventures leads $35 mln round for Smartsheet

Smartsheet said Monday that it has raised $35 million in financing. Sutter Hill Ventures led the round with participation from return backers Insight Venture Partners and Madrona Venture Group. In conjunction with the funding, Jim White, managing director at Sutter Hill Ventures, has been added to Smartsheet’s board of directors. Based in Bellevue, Wash., Smartsheet is a provider of work management solutions.

Insight Venture Partners invests in WorkForce Software

Insight Venture Partners has acquired a majority stake in WorkForce Software. No financial terms were disclosed. In addition to the investment, Ryan Hinkle, managing director at Insight Venture Partners and Ross Devor, vice president, have been added to the WorkForce board of directors. Lazard advised Workforce on the transaction. Headquartered in Livonia, Michigan, Workforce Software is a provider of workforce management solutions.


Fund performance: NEA and Austin show solid improvement in WSIB portfolio: VCJ

A generation of venture capital funds now reaching middle age is clearly benefiting from the business’ up-cycle, affiliate magazine Venture Capital Journal reports. This is apparent in the Washington State Investment Board’s Pathway and Invesco portfolios, where funds from the 2006 to 2008 vintages are turning in solid performances.


VC-backed Pluralsight buys Digital-Tutors for $45 mln

Pluralsight, which is backed by Insight Venture Partners, has acquired Digital-Tutors for $45 million. Also, the firm has hired Piyush Patel, CEO of Digital-Tutors, as the senior vice president of creative operations. Based in Oklahoma City, Digital-Tutors is an e-learning platform.


Distributions from Union Square and Spark spiked last year: VCJ

Distributions from Union Square Ventures’ debut 2004 fund and Spark Capital’s initial 2005 fund spiked last year, perhaps not surprisingly, according to a recent Washington State Investment Board portfolio report, affiliate magazine Venture Capital Journal says.


VC-backed Ensighten buys TagMan

Ensighten, which is backed by Insight Venture Partners, Volition Capital, LeadEdge Capital and FLOODGATE, has acquired TagMan. No financial terms were disclosed. Based in London and New York, TagMan is a tag management and marketing data platform.

Tintri raises $75 mln in its run up to an IPO

Tintri, a provider of storage management technology for virtual machines, has raised a $75 million Series E round of funding led by Insight Venture Partners. Existing investors Lightspeed Venture Partners, Menlo Ventures and New Enterprise Associates also participated. The Mountain View, Calif.-based company has now raised $135 million in total funding since it was founded in 2008. As part of the new funding, Jeff Horing of Insight Venture Partners, has joined the board of directors.

Vinted raises Series B led by Insight and Accel

Vinted, a social, mobile marketplace for second-hand clothes, has secured a $27 million Series B investment led by Insight Venture Partners with participation from existing investor Accel Partners. Vinted will use the investment to expand in the United States and continue product development.

Greylock leads $15 mln funding of open source project provider Docker

Docker, which runs an open source project used by cloud developers and operators to automate the deployment of apps, said it has completed raising a $15 million Series B round of funding. Greylock Partners led the round, which also included Insight Venture Partners, Benchmark Capital, Trinity Ventures and Yahoo co-founder Jerry Yang. As part of the funding, Jerry Chen, a partner at Greylock, will join the board.

Flipboard Raises $50M From Suhail Rizvi, Goldman, Kleiner, Others

Digital magazine Flipboard raised $50 million in new funding, according to several media reports. The deal values the company at $800 million and was led by Suhail Rizvi and Goldman Sachs, says AllThingsD. Existing investor Kleiner Perkins Caufield & Byers also participated, says TechCrunch. In the deal as well were Index Ventures and Insight Venture Partners, AllThingsD says.

BMC Software completes privatization transaction

BMC Software has completed its acquisition by a private investor group led by Bain Capital and Golden Gate Capital together with Insight Venture Partners, GIC Special Investments Pte Ltd and Elliott Management Corporation. As a result of the completion of the transaction, BMC Software common stock will no longer be listed for trading on NASDAQ.

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