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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.

growth concept
540 Views

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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384 Views

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.

IVP Backs Video Camera Maker Dropcam

Dropcam, maker of a high-definition Wi-Fi video camera, has raised a $30 million Series C round led by Institutional Venture Partners. Existing investors Accel Partners and Menlo Ventures also invested in the round, as did new investor Kleiner Perkins Caufield & Byers. The San Francisco-based company has now raised $47.8 million in total capital.

Scality Lands $22 Million, Led by Menlo Ventures and Iris Capital

Scality, a San Francisco-based startup that is focused on large-scale storage management, has closed on $22 million in Series C funding, bringing its total capital raised to $35 million. Menlo Ventures and Iris Capital led the round, which included participation from FSN PME and existing investors Idinvest Partners, OMNES Capital, and Galileo Partners.

Menlo Adds More As Venture Partner, Gorelik As EIR

Menlo Ventures has added Avery More as a venture partner and Alex Gorelik as an EIR, according to a blog post. More will source enterprise deals at the firm and Gorelik will incubate a company and offer advice on the cloud and big data investments.

Menlo Adds Karl Mehta As A Venture Partner

Menlo Ventures says it added Karl Mehta as a venture partner. Mehta will focus on sourcing investments and will advise portfolio companies in financial services, mobile payments, e-commerce and gaming. He was the founder and CEO of Menlo-backed PlaySpan, which sold to Visa. The Obama Administration named him as a White House Presidential Innovation Fellow in 2012.

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