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SherpaVentures closes $154 mln for first fund

San Francisco-based venture firm SherpaVentures said Thursday that it has raised $154 million in the final close of its oversubscribed debut fund. The focus will be on early-stage tech companies, particularly those in the ecommerce, software and digital media sectors.

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Vidyo picks up $20 mln

Vidyo said Friday that it has raised $20 million in funding. The investors included Menlo Ventures, Rho Ventures, Sevin Rosen Funds, QuestMark Partners, Saints Capital, Four Rivers Group, ORR Ventures, Triangle Peak Partners and Juniper Networks through its Junos Innovation Fund. Based in Hackensack, NJ, Vidyo is a provider of video conferencing solutions.

Avere picks up $20 mln Series D

Avere Systems said Thursday that it has raised $20 million in Series D funding. Western Digital Capital led the round with participation from return backers Lightspeed Venture Partners, Menlo Ventures, Norwest Venture Partners and Tenaya Capital. Based in Pittsburgh, Avere is a provider of hybrid cloud solutions.

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Former Fusion-io sales exec joins Menlo as venture partner

Menlo Ventures announced on its blog this morning that it has hired Jim Dawson, former chief sales officer of Fusion-io, as venture partner. At Menlo, Dawson will look focus on storage and infrastructure. Dawson joined Fusion-io in 2009 and left in late 2013, according to his LinkedIn profile. Before Fusion-io, he was with 3PAR and Scale8 before that.

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Top 10 posts

Trending on peHUB this week: Some big exits and improving fund returns have put venture capital back into the spotlight.

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Glympse raises additional $12 mln in Series C funding

Glympse, a location sharing technology company, has raised an additional $12 million in Series C financing, with participation from new investors UMC Capital, Verizon Ventures and additional unnamed strategic investors. Existing investors Ignition Partners, Menlo Ventures and Naya Ventures also participated in the funding round. The investment brings total capital raised to about $20 million.

Career-building company Gild raises Series B

San Francisco-based Gild, which uses predictive technology to provide career counseling services, has raised $13.5 million in Series B funding. The round was led by new investor Menlo Ventures and included Draper Nexus and existing investors Baseline Ventures, Globespan Capital Partners, SAP Ventures, Correlation Ventures and Mark Kvamme of Drive Capital. The company has now raised $27 million since it was launched in 2012.

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Intuit to buy VC-backed Check for about $360 mln

Intuit has agreed to acquire Check for approximately $360 million. The transaction is expected to close in the fourth fiscal quarter of 2014. Based in Palo Alto, Calif., Check is an app that helps users pay bills. Its backers include Morgenthaler Ventures, Pitango Venture Capital and Menlo Ventures.

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Online investing firm Betterment garners $32 mln

New York-based investing platform Betterment said Tuesday that it has received $32 million in funding. New backers Citi Ventures, Globespan Capital Partners and Northwestern Mutual Capital joined previous investors Bessemer Venture Partners, Menlo Ventures and Anthemis Group in the round.

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.

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EdgeCast acquisition signals outstanding growth for CDN industry

EdgeCast Networks, which has agreed to acquired by Verizon, is the most capital-efficient CDN in history — reaching profitability within three years and with less than $15 million in invested capital, writes guest columnist Pravin Vazirani, a managing director at Menlo Ventures, EdgeCast’s largest shareholder.

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The micro-cap IPO disappearing act

Decimalization has clearly damaged the market for small-cap IPOs. The VC industry would be “much healthier if we went back to the days when stocks traded in 1/8 or even 1/4 dollar increments for small companies,” writes guest blogger Mark Siegel of Menlo Ventures.

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