CapLinked, a Los Angeles, Calif.-based startup whose cloud-based platform enables investors to manage business transactions like mergers, acquisitions, financings, asset sales and reporting, has closed on a Series A round that the firm has been assembling since last year. The round, which is being closed with $2.1 million, includes new investors Conversion Capital, Inflection Ventures, and The Artesian Group. Previous investors in the company include 500 Startups and venture capitalist Peter Thiel. To date, CapLinked has raised more than $3 million.
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On Deck said it raised $17 million as an expansion of its Series D financing in a deal led by Google Ventures and joined by PayPal co-founder Peter Thiel and Industry Ventures. The Series D now totals $59 million, with $42 million having closed in February. The first tranche of Series D financing was led by Institutional Venture Partners and joined by RRE Ventures, SAP Ventures and First Round Capital.
In recent weeks, there’s been some talk that investor Peter Thiel should step down from the company’s board, given that his financial interests are no longer as closely aligned with the success of the company as they once were. But Merih Sevilir, an associate professor finance at of Indiana University, politely calls B.S. on such logic.
Venture capitalist and hedge fund investor Peter Thiel announced Tuesday that he has co-founded growth stage venture fund Mithril Capital Management. The fund has a target of $1 billion and has raised $402 million to date, according to an SEC filing.
Facebook initially set out to sell 337.4 million shares to the public, but two days before the IPO increased the amount to 421.2 million, with the additional shares coming from shareholders, not the company.
It’s Friday. Time to catch up on news you may have missed this week. Here are the top 10 most popular posts among peHUB’s regular readers.
CapLinked, an L.A.-based startup backed by investors Peter Thiel, Dave McClure, and David Sacks, among others, is launching new monthly subscription accounts to users of its proprietary platform, which connects privately held companies with accredited investors. The company, which has signed up more than 100,000 users, who currently use the service at no cost, will charge [...]
Facebook Files For $5 Billiion IPO; Co-Founder Zuckerberg Holds 28.4% Of The Stock, Accel, 11.4%: UPDATED
Facebook filed for a $5 billion IPO on Wednesday as the social networking site with $3.7 billion in 2011 revenue opened up the details of its business to public scrutiny for the first time. The company’s top shareholder is CEO Mark Zuckerberg, who co-founded the company in a Harvard dorm room and holds 28.4% of [...]
(Reuters) – Traveling to space or embarking on an expedition to excavate lost Mayan ruins are normally the stuff of adventure novels. But for employees of Facebook, these and other lavish dreams are moving closer to reality as the world’s No. 1 online social network prepares for a blockbuster initial public offering that could create [...]