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Online broker Motif Investing nabs $35 mln

Silicon Valley-based online broker Motif Investing has closed $35 million in funding. The investors were JPMorgan Chase, Wicklow Capital, Balderton Capital, Goldman Sachs, Foundation Capital, Ignition Partners and Norwest Venture Partners. In conjunction with the funding, Wicklow Capital and JPMorgan Chase will name board observers.

VC-backed Adaptive Insights hires new senior advisor

Adaptive Insights has tapped Ron Codd, former CFO of PeopleSoft, as a new investor and senior advisor. Headquartered in Palo Alto, Calif., Adaptive Insights is a provider of cloud-based business and financial analytics solutions for companies and nonprofits of all sizes. Adaptive Insights is backed by Bessemer Venture Partners, Norwest Venture Partners, Royal Bank of Canada, ONSET Ventures, Monitor Ventures and Cardinal Venture Capital.

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API company Apigee raises $60 mln from Pine River, Wellington, others

Apigee, which makes software for companies to manage application programming interfaces (APIs), announced this morning that it has raised $60 million from new investors Pine River Capital Management and Wellington Management Co, as well as prior investors. The San Jose, Calif.-based company said it has raised $171 million to date. The valuation for the new round was undisclosed. Just four months ago Apigee raised $20.5 million at a post-money valuation of $414.03 million from Bay Partners, Norwest Venture Partners and Third Point, according to Thomson Reuters (publisher of peHUB). Apigee’s other investors include AccentureBlackRock-managed funds, Focus Ventures and SAP Ventures.

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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Venture-backed M&A activity shows encouraging signs

In the third quarter, venture-backed M&A activity remained soft, with 107 deals reported, compared to 125 for the same period a year ago. Likewise, the first three quarters of 2013 saw just 286 VC-backed deals with disclosed valuations, well off the 362 transactions for the same period in 2012.

VC-backed cloud network services provider Virtela sells for $525 mln

Venture-backed Virtela Technology Services Inc. announced it has been acquired by NTT Communications Corp. for $525 million in cash. Virtela, which provides cloud network services, had previously raised $65 million in venture funding from Norwest Venture Partners, New Enterprise Associates, Newton Technology Partners and a number of other investors, according to data from Thomson Reuters (publisher of peHUB). Norwest led all the rounds in Virtela, which was founded in 2000 and incubated at Norwest’s office in Palo Alto, Calif. Promod Haque, senior managing partner at Norwest, currently serves as chairman of Virtela, which is based in Greenwood Village, Colo.

Comcast Ventures leads SundaySky’s Series C

SundaySky, which provides video advertising services, has raised $20 million in a Series C investment round that was led by Comcast Ventures. Others in the round include Liberty Global Ventures, Vintage Investment Partners and existing investors Carmel Ventures, Globespan Capital Partners and Norwest Venture Partners. The company previously raised $17 million in funding, including a $9 million Series B round in 2010. As part of the recent round, Andrew Cleland, managing director of Comcast Ventures, has joined the board.

BASIS Science secures further Series B funds

BASIS Science has raised a further $11.75 million in Series B funding. The round included investments from Intel Capital, iNovia Capital, Dolby Family Trust, Stanford University and Peninsula-KCG. Existing investors Mayfield Fund, DCM and Norwest Venture Partners, also participated. This new investment represents the close of the Basis Series B financing, which now totals over $23 million.

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