WhipTail, a Whippany, N.J.-based flash based storage company, has raised a Series B round of funding led by RRE Ventures. Ignition Partners and Spring Mountain Capital also participated in the round, the amount of which was not disclosed. PRESS RELEASE: Today WhipTail, maker of the world’s first and most widely deployed all-flash enterprise class storage [...]
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GetGlue said in a blog post it closed a $12 million round of financing led by Rho Ventures and joined by existing investors TimeWarner Investments, RRE Ventures, and Union Square Ventures. The social TV company also said it reached the 2 million user milestone and saw more than 100 million check-ins in 2011. BLOG POST [...]
BuzzFeed has sealed $15.5 million from investors including New Enterprise Associates, Lerer Ventures, Hearst Media, Softbank and RRE Ventures. NEA and Lerer led the round. As a result of the round, Patrick Kerins, a general partner at NEA will join BuzzFeed’s board. Kenneth Lerer, manager of Lerer Ventures and co-founder of The Huffington Post, will expand his role, becoming executive chairman.
BestVendor has closed a $3 million Series A round co-led by RRE Ventures and SoftBank Capital. Additional investors include Lerer Ventures, who invested in the company’s seed round, along with David Tisch, Founder Collective and Old Willow Partners, the company announced Tuesday. New York-based BestVendor is an online resources where users share and recommend work-related applications.
Betaworks, the New York-based company, has focused on making, buying, and otherwise nurturing real-time technologies since its outset in 2007. Turns out its strategy is going so well, the company may eventually go public. The offering would be a hot one. In addition to in-house creations that include the analytics services Bit.ly, Chartbeat, and SocialFlow, [...]
Battery Ventures led a $5 million A round in STELLAService, the customer service ratings provider for online retailers. DFJ Gotham Ventures and RRE Ventures joined in on the investment as well; and new investors Forerunner Ventures also jumped in on the deal.
SideTour, which just emerged from stealth mode after being founded this summer, has raised $1.5 million from VCs including Foundry Group and RRE Ventures. Founders include Vipin Goyal, CEO, Aaron Foss, Minesh Mistry and Mark Webster. Unlike most daily deal sites, SideTour seeks to provide its client base with off-the-beaten-path, more unique retail and dining experiences. SideTour is part of the TechStars incubator program.
Waste Management, the Texas-based sanitation and recycling company, has made a strategic investment in Recycle Rewards, and its subsidiary, Recyclebank, which tethers discounts to green “action” by consumers. With the investment, from which terms were not specified, Waste Management joins existing Recyclebank investors RRE Ventures, Sigma Partners, Kleiner Perkins Caulfield and Byers, The Westly Group, Generation Investment Management, Top Tier Capital Partners, Physic Ventures and Craton Equity Partners.
Affinity China, a loyalty, reward and lifestyle network for Chinese traveling overseas, has raised $600,000 in seed financing from venture firms RRE Ventures and 500 Startups as well as from strategic investor Loeb Enterprises. The company launched a private beta version of its platform earlier this year, aiming to tap into China’s $26 billion luxury market. Members can access a variety of offers ranging from receptions with sports stars to weekends in the Hamptons and other locations.
SinglePlatform has sealed $3.25 million in venture financing from DFJ Gotham Ventures, New World Ventures, First Round Capital and RRE Ventures. The company, which makes a digital portal for local businesses to manage their web presence, integrating their websites and social media, previously raised $1.2 million.