Newegg forms partnership with VC-backed BitPay to accept bitcoins

Electronics retailer Newegg has formed a partnership with BitPay to accept bitcoin payments on Newegg.com. In May, BitPay announced it had secured $30 million in Series A funding from Index Ventures, Horizon Ventures, Founders Fund, Felicis Ventures, RRE Ventures, TTV Capital, Sir Richard Branson and AME Cloud Ventures. BitPay’s total capital raised at the time was $32.7 million.

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RRE leads funding of VigLink

VigLink, a data analytics company that provides online link sharing services, has raised $18 million in a Series C round that was led by RRE Ventures. Also taking part in the funding is existing investors Google Ventures, Emergence Capital, First Round Capital as well as Correlation Ventures and Silicon Valley Bank. The San Francisco-based company has now raised $26 million in total funding. As part of the Series C round, Eric Wiesen, a general partner of RRE, has joined the board.

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SJF Ventures leads Series B round for Yieldbot

Yieldbot said Friday that it has closed $18 million in Series B funding. SJF Ventures led the round with participation from RRE Ventures, New Atlantic Ventures, Common Angels and City National Bank. Based in New York City and Boston, Yieldbot is a provider of real-time consumer intent to digital marketers.

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Giphy racks up funding

According to a blog post on its site, Giphy, a search engine for GIFs, has secured funding. No financial terms were disclosed although according to various outlets, the amount was $2.4 million. The investors included Betaworks, Lerer Ventures, RRE Ventures and CAA Ventures. To read the announcement, visit here.

 

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Index Ventures leads $30 mln Series A for BitPay

BitPay said Tuesday it has raised $30 million in Series A funding led by Index Ventures. Horizons Ventures, Founders Fund, Felicis Ventures, RRE Ventures, TTV Capital, Sir Richard Branson and AME Cloud Ventures also participated. Atlanta-based BitPay said it processes $1 million per day in bitcoin payments for over 30,000 merchants. Bit Pay, payment service provider, said total accumulated investment has reached $32.7 million.

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True Ventures leads seed round for Understory

Understory said Wednesday that it has closed $1.9 million in seed funding. True Ventures led the round with participation from RRE Ventures, Vegas Tech Fund, SK Ventures and Andrew C. Payne. Based in Boston, Understory is a provider of next-generation weather sensor hardware and data networks.

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RRE Ventures closes $280 mln for sixth fund

New York-based RRE Ventures has raised $280 million in the final close of its sixth fund. Its LP base includes financial service firms, insurance companies, family offices, foundations and endowments.

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3D printing company SOLS Systems raises $6.4 mln

SOLS Systems, a maker of 3D printing technology focused on orthotics, has announced it has raised a $6.4 million round of funding led by Lux Capital. Also participating in the Series A round is new investor Founders Fund as well as existing investors RRE Ventures, Rothenberg Ventures, Felicis Ventures, FundersGuild and Grape Arbor VC. The New York-based company has now raised just over $8.1 million in total funding since it was launched in 2013.

Electric Cloud grabs $4 mln

Electric Cloud said Tuesday that it has received an additional $4 million in Series E funding, bringing the round’s total tally to $12 million. The investors included Siemens’ Venture Capital, US Venture Partners, Mayfield Fund, RRE Ventures and Rembrandt Venture Partners. Headquartered in Sunnyvale, Calif., Electric Cloud is a provider of software solutions.

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VC-backed OnDeck hires new SVP of technology

OnDeck has hired Pamela Rice as senior vice president of technology. Previously, Rice worked at PayPal. Headquartered in New York City, OnDeck, which is backed by Google Ventures, SAP Ventures, RRE Ventures, Tiger Global and Institutional Venture Partners, is a small business lender.

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RRE begins raising $250M sixth fund

RRE Ventures has begun raising a sixth fund with a target of $250 million, according to a filing with the Securities and Exchange Commission. The New York’s firm’s previous fund, RRE Ventures V from 2011, was $230 million in size and RRE Ventures IV from 2006 was $300 million, according to Thomson Reuters, publisher of peHUB.

Shake secures $3m VC funding

Mobile-first legal startup Shake has raised $3 million in venture capital financing. SoftBank Capital led the Series A round of funding with participation from existing investor RRE Ventures and from new investors BoxGroup, ENIAC Ventures, Mesa+, WGI Group, and Patrick Keane.

On Deck Raises $17M From Google Ventures, Peter Thiel, Industry Ventures

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.

Flash Storage Company WhipTail Raises $31M Series C

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.

New Enterprise Leads $35 Mln Round for Braintree

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.

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