social network shutterstock_154875428
2983 Views

College app Blend raises $2.7 mln, Ohio State students need not apply

New Enterprise Associates has led a $2.7 million seed round in Blend, a San Francisco-based maker of a social networking app for college students. Trinity Ventures, Foundation Capital, Lerer Ventures, Maveron, BoxGroup, XG Ventures and SparkLabs Global Ventures also joined in the seed round. The app is available for students in more than 3,500 universities nationwide, except those from Ohio State University. Blend co-founder and CEO Akash Nigam attended the University of Michigan before dropping out and launching Blend. As such, the company doesn’t allow students from rival school Ohio State to sign up for the app.

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.

TrackMaven raises $6.5 mln in round led by NEA

The digital marketing company TrackMaven has raised a $6.5 million Series A round led by New Enterprise Associates with participation from existing investors Bowery Capital and Acceleprise Ventures. Harry Weller, a general partner at NEA, has joined the board as part of the funding round. In May 2013, the Washington, D.C.-based company announced a $1.25 million seed round led by AOL Ventures.

Elliott Sigal joins NEA’s healthcare team

New Enterprise Associates has named life sciences veteran Dr. Elliott Sigal as a venture partner and senior advisor to help augment the firm’s healthcare practice. Sigal is a former executive vice president and director for Bristol-Myers Squibb, where he served as the company’s Chief Scientific Officer and president of R&D from 2004 to 2013.

CloudFlare discloses it raised $50 mln in funding a year ago

CloudFlare, which offers cloud-based services to improve security and website performance, announced its 2013 report card, including how it quietly raised $50 million in Series C funding in December 2012. The funding came from Union Square Ventures and Greenspring Associates, with existing investors New Enterprise Associates, Pelion Venture Partners and Venrock also participating. The San Francisco-based company has now raised $77 million in total funding.

116 Views

MOVE Guides raises seed funding from NEA, Notion Capital and angels

MOVE Guides, which provides a software-as-a-service platform to help employees relocate, announced today that it has raised $1.8 million in seed funding from Notion Capital and New Enterprise Associates. The funding brings the total seed capital raised by the London-based startup to $2.4 million. In addition to Notion Capital and NEA, a number of individuals also participated in the funding round, including Sherry Coutu, Tom Hulme, Sean Park, Dale Murray CBE and Kevin Eyres.

New Enterprise Associates sets up Boston office

New Enterprise Associates has established an office in Kendall Square in Cambridge to serve its growing portfolio and deal-sourcing work in the greater Boston area. NEA’s current portfolio of Cambridge and Boston area investments includes nearly two dozen healthcare and technology companies and the firm is also a founding partner in The Experiment Fund, a seed-stage fund operating on Harvard’s campus.

Terrajoule secures Series A

Terrajoule, developers of a flexible technology platform for distributed energy generation, have secured a $11.5 million Series A round of funding. Investors include global venture capital firm New Enterprise Associates; Air Liquide Investments in the future And Demonstration (ALIAD), the capital development company of Air Liquide and individual investors.

Nginx raises $10m in Series B Round

Nginx has secured $10 million in a fully subscribed Series B round of funding. The round was led by venture capital firm New Enterprise Associates and included full participation of existing Series A investors e.ventures, Runa Capital, MSD Capital, as well as participation from Aaron Levie, CEO and founder of Box. With this funding, Nginx has raised $13 million to date.

PEHUB Community

Join the 12493 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget

Groups