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Alfresco Software garners $45 mln

Alfresco Software said Thursday that it has received $45 million in funding. Sageview Capital led the round with participation from previous backers Accel Partners, Mayfield Fund and SAP Ventures. In addition to the funding, Ned Gilhuly, founding partner at Sageview Capital has been added to Alfresco’s board of directors while Jeff Klemens, a principal at Sageview Capital has been named a board observer. Based in San Mateo, Calif. and the UK, Alfresco is a provider of enterprise content management solutions.

Lavante raises $3.5 mln

Lavante has raised a $3.5 million round of investment led by PointGuard Ventures. Prior investors SAP Ventures and ATA Ventures also participated in the financing. San Jose-based Lavante provides on-demand SIM (Supplier Information Management) and profit recovery solutions.

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Vy Capital, Adams Street, Industry Ventures invest $44 mln in Scytl

Election modernization company Scytl has secured an additional $44 million from Vy Capital, Adams Street Partners and Industry Ventures under a funding round initiated in April 2014. With the additional investment, Scytl has closed the funding round with $104 million from five new investors: Vulcan Capital, SAP Ventures, Vy Capital, Adams Street Partners and Industry Ventures. Balderton Capital, Nauta Capital and Spinnaker Invest remain significant shareholders in Scytl.

PE-backed SAVO Group adds to board of directors

SAVO Group has named Steve Collins to its board of directors. Collins is the former CFO at ExactTarget. Headquartered in Chicago, SAVO is a sales software developer. It is backed by Goldman Sachs, Sterling Partners and SAP Ventures.

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SAP Ventures leads Series B round for Krux

Krux, a provider of cloud-based data management solutions, has closed $35 million in Series B funding. SAP Ventures led the round with participation from Time Warner Investments, Visionnaire Ventures, Temasek, Accel Partners, IDG Ventures and The Entrepreneurs Fund. In addition to the funding, Nino Marakovic, CEO and managing director of SAP Ventures, will join Krux’s board.

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Goldman Sachs leads $35 mln round for SAVO

SAVO Group said Wednesday that it has secured $35 million in funding. Goldman Sachs led the round with participation from previous backers Sterling Partners and SAP Ventures. The capital will be used for expansion and to further develop SAVO’s sales and marketing applications. As a result of this transaction, Michael McGinn and Holger Staude of Goldman Sachs’ private capital investing group, have joined SAVO’s board. Headquartered in Chicago, SAVO is a sales software developer.

Career-building company Gild raises Series B

San Francisco-based Gild, which uses predictive technology to provide career counseling services, has raised $13.5 million in Series B funding. The round was led by new investor Menlo Ventures and included Draper Nexus and existing investors Baseline Ventures, Globespan Capital Partners, SAP Ventures, Correlation Ventures and Mark Kvamme of Drive Capital. The company has now raised $27 million since it was launched in 2012.

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Corporate venture investing rebounds: VCJ

Corporate venture investing rebounded solidly in the first quarter with activity shifting to big-dollar expansion and later-stage deals, according to affiliate publication Venture Capital Journal. The quarter is the fourth in a row of heightened corporate participation in venture deal making.

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SAP Ventures leads $20 mln Series C funding in Jibe

SAP Ventures has led a $20 million Series C funding round in Jibe, Inc., a recruitment technology company. SAP Ventures’ Doug Higgins will join Jibe’s board of directors. Existing investors Polaris Partners, DFJ, Gotham Ventures, Longworth Venture Partners and Thrive Capital also participated in the funding round. Jibe has raised a total of $37 million in funding to date.

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VC-backed Kaltura buys pay TV service startup Tvinci

Open source video platform Kaltura has acquired Tvinci. No financial terms were disclosed. Tvinci is a provider of pay OTT TV services. Kaltura’s backers include SAP Ventures, Nokia Growth Partners, Intel Capital, Nexus Venture Partners and Commonfund Capital.

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API company Apigee raises $60 mln from Pine River, Wellington, others

Apigee, which makes software for companies to manage application programming interfaces (APIs), announced this morning that it has raised $60 million from new investors Pine River Capital Management and Wellington Management Co, as well as prior investors. The San Jose, Calif.-based company said it has raised $171 million to date. The valuation for the new round was undisclosed. Just four months ago Apigee raised $20.5 million at a post-money valuation of $414.03 million from Bay Partners, Norwest Venture Partners and Third Point, according to Thomson Reuters (publisher of peHUB). Apigee’s other investors include AccentureBlackRock-managed funds, Focus Ventures and SAP Ventures.

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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.

259 Views

MuleSoft raises $50 mln

San Francisco-based MuleSoft announced today that it has raised a $50 million round that was led by existing investors New Enterprise Associates and Lightspeed Venture Partners as well as new investor Meritech Capital Partners. Also participating in the round are Cisco, Salesforce, SAP Ventures, Hummer Winblad Venture Partners, Canvas Venture Fund and Bay Partners. The company has now raised $131 million in total funding.

Violin Memory names Kevin DeNuccio CEO

Violin Memory‘s board of directors has appointed Kevin A. DeNuccio as president and chief executive officer, effective immediately. He has also been elected to the Violin Memory board of directors. DeNuccio, 54, succeeds Howard A. Bain III, who was serving as interim CEO. Bain will remain chairman of the Violin Memory board of directors.

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