CloudBees, a Java Platform as a Service (PaaS) innovation provider, has appointed Andrew Lee, former director of strategy and corporate business development at VMware, as vice president of business development. Backed by Matrix Partners and Lightspeed Venture Partners, CloudBees was founded in 2010 by former JBoss CTO Sacha Labourey and a team of middleware and [...]
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Kariana Resources has appointed Joel Dumaresq as the company’s new chief executive officer and as an additional director. Herrick Lau has resigned from his position as chief executive officer and will continue to act as a director of the company. Dumaresq is co-founder and partner of Matrix Partners, a Canadian private-equity and merchant banking group. [...]
Skyfire Labs, a provider of mobile video optimization and cloud solutions for mobility, has raised $8 million in its Series C financing. Verizon Investments, a subsidiary of Verizon Communications participated in the round, alongside current investors Matrix Partners, Trinity Ventures, and Lightspeed Venture Partners. Skyfire is based in Mountain View, Calif., in the heart of [...]
Polyvore, a fashion community website, has raised $14 million in Series C financing, led by DAG Ventures with participation from new investors Goldman Sachs and Vivi Nevo (NV Investments). Early Polyvore investors Benchmark Capital and Matrix Partners also participated in the funding round. PRESS RELEASE Polyvore, Inc., the web’s largest fashion community site, today announced [...]
VideoIQ, a provider of iall-in-one video surveillance solutions, has expanded its Series C investment round with an additional $3.5 million from its existing investors Atlas Venture, Matrix Partners and Tenaya Capital. The fudningh brings the total Series C round to $11M and will be used to support the expansion of the sales and product development [...]
Framehawk Inc. has raised $11 million in Series B financing from Matrix Partners and undisclosed existing investors, the company announced Tuesday. The “stealth-mode” company says it is focused on enterprise mobility software. Framehawk previously raised $5.5 million from Alsop Louie Partners, Correlation Ventures and Triangle Peak Partners.
Chinese early growth and expansion stage venture capital firm WI Harper Group and Matrix Partners have co-led a USD $4 million investment into SNS Plus (“SNS+”), an international publisher and distributor of worldwide games with a focus on the Asian market. As of June 2011, SNS+ has published more than 60 games on Facebook, and [...]
The New York-based online advertising startup Intent Media has raised $20 million from Redpoint Ventures and Matrix Partners. Intent, started by several former Travelocity executives, had previously raised $8 million from Matrix in 2009. PRESS RELEASE: Intent Media (http://www.intentmedia.com) announced today that it has raised $20 million from Redpoint Ventures and Matrix Partners in a second round of financing. Intent [...]
Today, Gilt Groupe made it official.
New York-based Gilt said it has acquired BuyWithMe. Financial terms of the deal, which closed yesterday, weren’t announced.
Boston-based BuyWithMe offers daily deals to a customer base of millions in 13 markets around the country, according to a statement. BuyWithMe is being integrated into Gilt City, which offers “local experiences,” a spokeswoman says.
BuyWithMe is being sold to Gilt Groupe, according to a report from Beta Beat.
Financial terms weren’t disclosed. The daily deals site will officially become part of Gilt, an online seller of designer fashion, on Nov. 1, the story says.
The sale comes after BuyWithMe reportedly laid off half of its staff earlier this month. BuyWithMe has secured about $30 million in funding, Beta Beat says. This includes $5.5 million in funding from Matrix Partners in January 2010. BuyWithMe, the following July, scored another $16 million in a round led by Bain Capital Ventures.