ShotSpotter Inc., a maker of gunshot location and detection technology, has closed a $7 million equity financing round, and added $3.5 million in debt financing, the firm said Thursday. The funding will help ShotSpotter develop its technology into a domestic public safety platform-as-a-service delivery model. The company, based in Mountain View, Calif., is backed by City Light Capital, Claremont Creek Ventures, Labrador Ventures, Lauder Partners, Levensohn Venture Partners, Norwest Venture Partners, and The Westly Group.

(Reuters) – Online radio company Pandora Media (NYSE: P) priced shares in its initial public offering above an already raised range on Tuesday, the latest company to take advantage of red-hot valuations for Internet companies.

The venture-backed company priced its shares at $16 each, according to a source familiar with the deal. The company raised $235 million based on 14.7 million shares it planned to sell, according to a government filing.

Late last week, Pandora increased its price target range to

(Reuters) – Online radio company Pandora Media Inc. filed terms for $109.5 million IPO on Thursday, as it moves ahead with an offering that could tap into the recent investor enthusiasm for Internet stocks.

The company and its owners will sell 13.68 million shares at $7 to $9 apiece, according to an amended filing with the U.S. Securities and Exchange Commission. Pandora will sell 5 million of the shares.

At the mid-point of the proposed range, the offering would fetch $109.4 million, more than the $100 million the company had used as a preliminary amount in its first filing in February.

Pandora has raised about $65 million in venture capital since its founding in 2000, according to Thomson Reuters (publisher of peHUB). The Hearst Corp. and five VC firms now own 72% of the

Welcome to a new weekly feature called “Social Scene,” where we compile personality-related news from the worlds of venture capital and private equity. We’re starting off by trolling for tidbits on Facebook, Twitter and other social media platforms, but long-term we want to get items straight from peHUB readers. What are we looking for? Birthdays, [...]

Tim Westergren, the founder of online radio network Pandora, wouldn’t discuss his company’s plans for a potential $100 million IPO, which Reuters reported last month is imminent, but he offered plenty of lessons for startups that are struggling to make a go of it. “Do what it takes, get people to work for free, and [...]

Like many VC firms feeling the pain of a shuttered IPO market, a dramatic slowdown in M&A, and acutely cash-conscious LPs, Palo Alto-based Labrador Ventures is suspending any efforts to raise a new fund.   Asked about the decision, partner Larry Kubal told me that “Labrador is not currently raising a fund while working for exits [...]