Permira to take controlling stake in LegalZoom.com – Reuters

Jan 6 (Reuters) – Private equity fund manager Permira Advisers LLC is planning to take a controlling stake in LegalZoom.com, a provider of online legal documents that was going to go public, according to people familiar with the matter, affiliated news service Reuters reported.

Wedding Spot raises seed financing

Wedding Spot, an online site to help future brides and grooms search, price, and compare wedding venues, has raised $225,000 in seed funding. Investors include Internet veterans Erik Blachford (former CEO of Expedia), Eric Liaw (Institutional Venture Partners), and David Rodnitzky (Founder & CEO of 3Q Digital).


The Honest Company, co-founded by Jessica Alba, raises $25 mln

The Honest Company, which operates site to sell natural, non-toxic products, has raised a $25 million round that was led by Institutional Venture Partners. ICONIQ Capital and existing investors Lightspeed Venture Partners and General Catalyst Partners also participated in the round. The Los Angeles-based company, co-founded by actress Jessica Alba, has now raised $52 million in financing.

IVP adds Kong to roster

Jordon Kong has joined Institutional Venture Partners as an associate, where she’ll focus on later-stage IT deals with the digital media sector. Before she joined IVP, Kong worked within the Technology, Media, and Telecom investment banking group at Barclays.

RGB partners with Conax

RGB Networks, a provider of scalable multiscreen IP video delivery solutions, has today announced its new partnership with Conax, a provider of solutions for securing multi-device and digital video content distribution. RGB Networks is backed by Accel Partners, Comcast Interactive, Focus Ventures, Granite Ventures, Institutional Venture Partners, Kleiner Perkins Caufield and Byers, and Mitsui & Co. Venture Partners.

IVP Backs Video Camera Maker Dropcam

Dropcam, maker of a high-definition Wi-Fi video camera, has raised a $30 million Series C round led by Institutional Venture Partners. Existing investors Accel Partners and Menlo Ventures also invested in the round, as did new investor Kleiner Perkins Caufield & Byers. The San Francisco-based company has now raised $47.8 million in total capital.

IVP Promotes James Newell and Andrew Barr

Institutional Venture Partners, the Menlo Park, Calif.-based later-stage venture capital firm, has promoted James Newell to Vice President and Andrew Barr to Senior Associate. Newell joined IVP in 2009 and recently completed the MBA program at Wharton. Barr, who also studied at the University of Pennsylvania, joined the firm in 2011.

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