Bitcoin security platform BitGo snags $12 mln Series A

Silicon Valley-based bitcoin security platform BitGo said Monday that it has secured $12 million in Series A financing. Redpoint Ventures led the round with participation from investors that included Bridgescale Partners, Radar Partners, Founders Fund, Bitcoin Opportunity Corp., Liberty City Ventures, Crypto Currency Partners and Ashton Kutcher and Guy Oseary’s venture fund A-Grade Investments. In addition to the funding, Jeff Brody, founding partner of Redpoint, and Stratton Sclavos of Radar Partners, have been added to BitGo’s board of directors.

True(X) Media grabs $6 mln

According to a company spokesperson, True(X) Media has received an additional $6 million in financing from its previous backers Pinnacle Ventures, Norwest Venture Partners, Jafco Ventures and Redpoint Ventures. In addition to the funding, the firm has named James Murdoch, Mich Mathews and Jon Miller to its board of directors. True(X) Media is an engagement advertising platform.


VC-backed Homejoy buys Get Maid

Home services platform Homejoy said Thursday that it has acquired Get Maid. No financial terms were disclosed. Based in New York, Get Maid is an on-demand maid service. Homejoy’s backers include Google Ventures, Redpoint Ventures, Fuel Capital, First Round Capital and Max Levchin.


Wochit picks up $11 mln

Wochit said Monday that it has raised $11 million in funding. Marker led the round with participation from previous backers Cedar Fund, Greycroft Partners and Redpoint Ventures. Headquartered in New York City, Wochit is a cloud-based video creation platform.


Igneous Systems garners $23.6 mln Series A funds

Igneous Systems said Wednesday that it raised $23.6 million in Series A financing. New Enterprise Associates led the round with participation from Madrona Venture Group, Redpoint Ventures and Isilon Systems co-founder, Sujal Patel. According to the firm, the capital will be used for product development and to expand its engineering and leadership teams. Concurrent with the funding, Ron Bernal, venture partner at NEA, has been added to Igneous Systems’ board of directors. Based in Seattle, Igneous System is “reimagining the future of rapidly-expanding data center infrastructures.”

Beepi racks up $5 mln

According to a post on its site, Beepi has raised $5 million in funding. Investors included Jeff Brody of Redpoint Ventures, Tina Sharkey, Brian Sharples, Rich Boyle and Silicon Valley Bank. In conjunction with the funding, Jeff Brody will join Beepi’s board of directors. Based in Los Altos, Calif., Beepi is a car marketplace that connects buyers and sellers. To read the announcement, visit here.


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Venture’s social media superstars: VCJ

Which venture capitalists have the most followers on Twitter, the highest Klout scores, more tweets than anyone else? Refinements in both the sites and how we use social media are increasingly turning it into a targeted marketing tool for communicating with entrepreneurs, building relationships, creating personal brands and improving portfolio company visibility.


VC-backed 2U rolls out IPO

2U has launched its IPO of 9.175 million shares after pricing it at $13 per share. The stock began trading Friday on the NASDAQ under the ticker symbol “TWOU.” Goldman Sachs and Credit Suisse Securities are the lead underwriters. 2U builds online learning platforms. Its backers include Highland Capital Partners, Redpoint Ventures, Bessemer Venture Partners, CIty Light Capital and Novak Biddle Venture Partners.


Redpoint Ventures leads $40 mln round for RelateIQ

According to a company spokesperson, RelateIQ has raised $40 million in Series C funding. Redpoint Ventures led the round with participation from Kleiner Perkins Caufield & Byers and return backers Accel Partners and Formation 8. The funding gives the company a more than $200 million valuation. Headquartered in Palo Alto, Calif., RelateIQ is a provider of solutions that improve business relationships.


Accel Partners and Redpoint Ventures backs Tactile

Tactile has received $11.2 million in Series A funding. The investors were Accel Partners and Redpoint Ventures. Based in Redwood City, Calif., Tactile is a provider of solutions that empower people in their work lives.


VC-backed Kabam buys Phoenix Age

Kabam, which is backed by Canaan Partners, Redpoint Ventures and Pinnacle Ventures, has acquired Phoenix Age. No financial terms were disclosed. Based in San Francisco, Phoenix Age is a game studio.

Zendesk appoints to board

Zendesk, a provider of cloud software has made three appointments to its board of directors: Caryn Marooney, vice president of technology communications at Facebook; Elizabeth Nelson, former chief financial officer of Macromedia and former Amazon.com general counsel Michelle Wilson. Founded in 2007 and based in San Francisco, Zendesk has offices in seven countries and funding from Charles River Ventures, Benchmark, GGV Capital, Index Ventures, Matrix Partners and Redpoint Ventures.

Big data company Datameer raises $19 mln round led by Next World Capital

Next World Capital led a $19 million Series D investment in the big data analytics company Datameer. Investors in the round also include Workday, Citi Ventures, and Software AG , as well as existing investors Kleiner Perkins Caufield & Byers and Redpoint Ventures. The company previously raised about $18 million in funding. As part of the Series D round, Ben Fu, a partner at the San Francisco-based expansion-stage firm Next World Capital, has joined the board.

Redpoint Ventures hires former Twitter executive – Reuters

(Reuters) – Redpoint Ventures said on Tuesday it has hired Twitter‘s former head of platform Ryan Sarver to be a partner. Separately, Redpoint said it was promoting Tomasz Tunguz from principal to partner, and hiring Jamie Davidson, former vice president of product at Hotel Tonight, as senior associate.

Online Video Company Qwilt Lands $16M

Qwilt, which provides an online video platform, has raised $16 million in a Series C round led by Bessemer Venture Partners. Previous investors Accel Partners, Redpoint Ventures and Marker LLC also participated in the round. With the funding, the Redwood City, Calif.-based company has now raised $40 million in total funding

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