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.
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On Deck said it raised $42 million in Series D financing in a deal led by Institutional Venture Partners and joined by existing investors RRE Ventures, SAP Ventures and First Round Capital. The round was oversubscribed.
WhipTail, a Whippany, N.J.-based flash based storage company, has raised a $31 million Series C round of funding from SanDisk, Ignition Partners, RRE Ventures and Spring Mountain Capital. Silicon Valley Bank provided debt financing and the company said an unnamed Silicon Valley industry titan also invested.
Braintree said Wednesday that it raised a $35 million Series B round of funding led by New Enterprise Associates . Existing investors, including Accel Partners, RRE Ventures and Greycroft, also participated. Chicago-based Braintree, a payments platform for online and mobile commerce, has raised a total of $70 million in funding.
The New York-based Quirky, a three-year-old product development company that relies on the wisdom of crowds, has raised $68 million in Series C funding led by Andreessen Horowitz, with “significant participation” from new investor Kleiner Perkins Caufield & Byers. Previous investors Norwest Venture Partners and RRE Ventures also participated in the round, which has brought [...]
Technology platform On Deck has announced that its founder and former chief executive officer Mitch Jacobs has been named co-chairman of the One in Three Leadership Council, a non-profit initiative of the Association for Enterprise Opportunity. The council’s goal is to create new jobs by reaching 1 million microbusinesses throughout the US. On Deck is [...]
Copiun, a provider of secure mobile collaboration solutions has closed the final tranche of its $5 million Series A funding led Novak Biddle Venture Partners. Additional investors include RRE Ventures and local angel investors. Headquartered in Marlborough, Mass, Copiun was founded in late 2008. PRESS RELEASE Copiun Inc., provider of the first and only secure [...]
Forget Facebook. The fate of the IPO market this week could depend on the public offerings of three lower profile enterprise companies backed by venture firms: Splunk, Infoblox and Proofpoint.
As the number of employees at New York-based, venture-backed startups grows, more of them are looking for “something a little different,” say industry observers. And a little closer to home.
Boston-based Ember, a provider of low-power wireless mesh networking technology has renewed its 2009 US$5 million venture debt financing. Wellington Financial arranged the financing for the original transaction which provided the company with additional working capital to accommodate its growth strategy. Venture capital backers include Polaris Ventures, GrandBanks Capital, RRE Ventures, Vulcan Capital, DFJ ePlanet [...]