Act-On Software bags $42 mln

Act-On Software has raised $42 million in funding. Technology Crossover Ventures led the round with participation from previous backers Norwest Venture Partners, Trinity Ventures, US Venture Partners and Voyager Capital. Act-On Software is a provider of marketing automation solutions for small to mid-market enterprises.

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Act-On raises $42 mln in deal led by TCV

Act-On Software, a developer of marketing automation software, has raised $42 million in new funding led by Technology Crossover Ventures. Existing investors Norwest Venture Partners, Trinity Ventures, US Venture Partners and Voyager Capital also participated. Act-On previously raised $32 million in funding since it was founded in 2008. As part of the funding, David Yuan, general partner at TCV, has joined the board.

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VC-backed MobileIron files for IPO

MobileIron said Monday that it has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. Morgan Stanley and Goldman Sachs will serve as lead underwriters. Based in Mountain View, Calif., MobileIron is a provider of mobile IT security and management for apps, content and devices. Its backers include Institutional Venture Partners, Foundation Capital, Norwest Venture Partners and Sequoia Capital.

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Top security investors include unexpected names — VCJ

Security investing continues to run at high throttle, affiliated publication VCJ reports. Overall venture dollars committed to security startups dipped slightly last year, but still broke the $1 billion mark, according to data from Thomson Reuters.

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Fretting about the Series B crunch

In the latest VCJ cover story, we look at how the Series B shortfall could pack a bigger punch than the Series A. Think down rounds, bridging and slower innovation.

Color them excited, VCs back Madison Reed

Madison Reed, a San Francisco-based maker of a hair-coloring product, has raised $12 million in a Series B round of funding. Norwest Venture Partners led the financing, with previous investors True Ventures and Maveron joining the round. As part of the round, Norwest Managing Partner Jeff Crowe has joined the board. The company has now raised about $16 million in total capital. Madison Reed was co-founded in April 2013 by Amy Errett, a former GP with Maveron and now a special advisor to True Ventures. She told peHUB that the funding will be used to help the 30-employee company expand and move to larger digs in the city.

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