136 Views

EdCast picks up $6 mln Series A

EdCast said Monday that it has closed $6 million in Series A funding. SoftBank Capital led the round with participation from other investors that included Menlo Ventures, Novel TMT Ventures, Cervin Ventures, Aarin Capital, NewSchools Venture Fund/ CoLab and the Stanford StartX Fund. Based in Mountain View, Calif., EdCast provides knowledge cloud platforms for institutions, educators, enterprises and governments to collaborate with each other.

170 Views

Zuli raises $1.65 mln in seed funding from VC group

Smart home company Zuli has raised $1.65 million in seed funding from investors. Participants in the funding round include Menlo Ventures, Winklevoss Capital, Logitech, DeNA, XG Ventures, FreedomPop CEO Stephen Stokols and Hossein Eslambolchi, former chief technology officer of AT&T.

224 Views

vArmour grabs $36 mln

Mountain View, Calif-based stealth security company vArmour said Wednesday that it has secured $36 million in funding. The investors included Menlo Ventures, Columbus Nova Technology Partners and Citi Ventures. In addition to the funding, Pravin Vazirani of Menlo Ventures and Mohsen Moazami of Columbus Nova Technology Partners has been added to vArmour’s board of directors.

188 Views

Storage software company PernixData raises $35 mln from Menlo, KP, Benioff and others

Menlo Ventures led an oversubscribed $35 million Series C funding round for PernixData, a San Jose, California-based provider of software that virtualizes server-side flash to enable scale-out storage performance. The round also included Salesforce CEO Marc Benioff, Silver Lake co-founder Jim Davidson and Seagate CEO Steve Luczo. Previous investors Kleiner Perkins Caulfield and Byers, Lightspeed Venture Partners an individual investors Lane Bess, Mark Leslie and John Thompson also participated. The company has now raised $62 million since it was founded two years ago. As part of the round, Menlo Managing Director Mark Siegel has joined the board in an advisory role.

192 Views

NewSpring leads Series C round for ad tech firm Dstillery

Dstillery said Wednesday that it has secured $24 million in Series C funding. NewSpring Capital led the round with participation from previous backers U.S. Venture Partners, Menlo Ventures and Venrock. In conjunction with the funding, Mike DiPiano of NewSpring has been added to Dstillery’s board. Dstillery is a provider of audience targeting solutions for brands.

shutterstock_141029227
155 Views

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.

132 Views

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.

105 Views

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.

JimDawsonMenlo.low res

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.

top 10 gray & red shutterstock_121959277
155 Views

Top 10 posts

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

128 Views

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.

148 Views

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.

PEHUB Community

Join the 12506 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget