K9 Ventures leads seed round for 3Gear Systems

According to a blog post on its site, 3Gear Systems has closed $1.9 million in seed funding. K9 Ventures led the round with participation from other investors that included Intel Capital, CrunchFund and Ovo Fund. Based in San Francisco, 3Gear Systems is a provider of gesture recognition technology. To read more details about the funding, visit here.

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.

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Cofounded by Manu Kumar, eShares Aims to (Finally) Digitize Stock and Options Certificates

Sometimes, a good idea isn’t terribly sexy. So it may be with eShares, a new, Palo Alto-based company that’s asking law firms and startups alike to replace their paper stock. Specifically, the eight-month-old company aims to digitize companies’ stock certificates and later, options certificates — and to integrate with equity compensation software like CapMX so that every change to a company’s cap table can take place transparently, in real time.

MobileSpan Dials Up $2.3M, Led by True Ventures

MobileSpan has raised $2.3 million in a Series A round of funding led by True Ventures, with participation from Greylock Partners, K9 Ventures, Alchemist Accelerator and several individual investors. The company, which helps users plug their personal laptops and mobile devices into their corporate enterprise systems, says the round was oversubscribed.

Top Hub Posts this Week Focus on Dallas Shindig, a Slowdown in Distributions to U.C. from KP and Sequoia and VCs Cashing in on IPOs

Here are the 10 posts that garnered the most unique pageviews from peHUB’s regular readers from Nov. 14 to Nov. 18. A photo slideshow of our Dallas Shindig topped the list, followed by an analysis of how Kleiner’s and Sequoia’s distributions to the University of California have slowed down and a look at the VCs that made bank on IPOs this week.

ONE: Slideshow: Howdy, Dallas Shindigers!by Lawrence Aragon
TWO: How UC’s Distributions from Kleiner and Sequoia Have Slowed Since 2003 (slideshow)by Mark Boslet
THREE: VCs Could Cash in on Angie’s List and 4 Other IPOs this Week (slideshow)by Lawrence Aragon
FOUR: Scorecard: American Buyout Shops In Europeby David Toll
FIVE: Why Great Entrepreneurs Take Big Risks And Sometimes Get Firedby Ben Smith
SIX: Slideshow: Permira Ramps Up U.S. Activityby Bernard Vaughan
SEVEN: One to Watch: Manu Kumar of K9 Venturesby Connie Loizos
EIGHT: Summify CEO: U.S. Immigration Issues Drove Us to Vancouverby Connie Loizos
NINE: Top 10 U.S. Buyout and Mezz Fundraisings YTD (subscribers only) – by Angela Sormani
TEN: Slideshow: Top 10 Global Cleantech Funds Raised YTD (subscribers only) – by Angela Sormani

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One to Watch: Manu Kumar of K9 Ventures–UPDATED

In the spring of 2009, when K9 Ventures sprung into existence, it was near the front of a wave of so-called micro VC firms that have washed over Silicon Valley since. Depending on how you look at things, you might conclude that many of them are destined to recede with the tide, too. Not K9. […]

DNAnexus Adds $15M from Google Ventures, TPG Biotech

DNAnexus, a DNA data management and analysis platform, has closed a $15 million second round led by Google Ventures and TPG Biotech. First Round Capital, SoftTech VC, K9 Ventures, and Felicis Ventures also participated in the financing, which will be used for development. Krishna Yeshwant of Google Ventures, and Geoff Duyk of TPG Biotech, have joined the company’s board.

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Taking a Swing at Pitch Contests

Pitch contests and the dull PowerPoint displays that come with them are nothing new. But they have become harder to avoid on the conference circuit in recent years, and I don’t see any end in sight. I attribute the popularity of what I call “pitch-a-thons,” to a number of factors. The availability of cloud services […]

Online Ride Sharing Service Zimride Inks $6M

Zimride has raised $6 million for its online ride-sharing service. Mayfield Fund led the Series A round, with participation from seed backers FLOODGATE and K9 ventures. Zimride allows drivers to sell the empty seats in their car to passengers who need a ride. The company launched in 2007.

Occipital Lands $7M Series A Led by Foundry Group

Occipital, a Boulder, Colorado-based startup, has raised $7 million in Series A financing led by the Boulder-based venture firm Foundry Group. Occipital is developing software designed to improve the capabilities of smartphone cameras. PRESS RELEASE: Today we’re announcing that we just raised 7M in Series A led by Foundry Group, representing the first major investment in […]

LucidChart Gets a Mil

LucidChart, the California-based web diagramming application, raised $1 million in seed financing from 500 Startups, 2M Companies, K9 Ventures and other angels, the company revealed. LucidChart CEO Karl Sun said the round of seed funding will be used to grow the company’s staff.

Twitter Buys BackType

Twitter has acquired the analytics platform company BackType. The terms of the deal were not disclosed. BackType has raised $1.32 million in funding since its 2008 founding, including from Y Combinator, True Ventures, K9 Ventures, and Freestyle Capital. BackType was formed to help brands and ad agencies, including AOL, Edelman, and Microsoft, better understand social […]

New Seed-Stage Investor Emerges on Silicon Valley Scene: K9 Ventures

You probably haven’t heard of Palo Alto-based K9 Ventures, but it may sound familiar all the same. It’s been founded by Manu Kumar, a serial entrepreneur who’s done some angel investing and who, like a growing number of founders, isn’t letting his lack of traditional venture capital experience stop him from diving headlong into the industry with a new shop of his own.

I spoke today with the industry’s newest entrepreneur-turned-investor to find out more about what he’s planning, and why he thinks he can pull it off. Our Q&A is after the jump:

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