Storenvy Raises $5m

Storenvy has secured a $5 million Series A funding to fuel the growth of its social commerce platform. The round was led by Intel Capital and Spark Capital with participation by First Round Capital.

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peHUB First Read

This morning First Read brings you the latest on private equity manager bonuses, Spark Capital’s oversubscribed fund close and whether Facebook could possibly acquire LinkedIn?

WellPoint Leads $11 Mln Round for Linkwell Health

Linkwell Health said Wednesday it raised $11 million in Series C funding led by WellPoint. Existing investors Spark Capital and HLM Venture Partners also participated in the round. New York-based Linkwell develops health and wellness consumer engagement platforms.

Wayfair Raises $36.3M From Battery, Great Hill, HarbourVest & Spark

Wayfair.com said it raised $36.3 million in equity financing from Battery Ventures, Great Hill Partners, HarbourVest Partners and Spark Capital. The money will be used to grow Joss & Main, the company’s private sale site for the home. The site has nearly three million members and is operating at a $100 million annual revenue run-rate.

Lift Closes Series A Led by Spark Capital

Personal motivational mobile app Lift has closed a Series A round of funding led by Bijan Sabet at Spark Capital. Also, earlier this year the business extended its seed investment from Obvious to include three angels.

FundersClub Raises Significant Seed Round

FundersClub, a marketplace for private investing, has closed a significant round of seed funding. Investors in the round included First Round Capital, Y Combinator, Draper Associates, Felicis Ventures, Spark Capital, Digital Garage, Intel Capital, Y Combinator-affiliated funds (Andreessen Horowitz, Start Fund, SV Angel, and General Catalyst Partners), Investmon Sarl, NetPrice, Global Venture Alliance and Plug and Play Tech Center.

Aviary Raises $6M From Spark, Bezos, Others

Aviary said it closed a $6 million round of funding from Spark Capital, Bezos Expeditions, and unidentified strategic investors. The New York company, which is developing a photo editing platform, said the platform is used by 8 million people, who have edited 100 million photos in the past 30 days. PRESS RELEASE Aviary’s usage skyrockets, […]

Group Commerce Gets $21M From Jafco, Spark, Carmel, Others

Group Commerce Inc. said it raised a $21 million Series C round of funding from Jafco Ventures and existing investors Spark Capital, Carmel Ventures, and others. The funding will be used for technology development and to expand in the U.K., Germany and other European countries. PRESS RELEASE Group Commerce Receives $21 Million for Product Development […]

Tumblr’s Maloney Steps Down from Day-to-Day Operations

Tumblr President John Maloney announced today that he is no longer run the day-to-day operations of the company, which has raised more than $125 million in VC from from Greylock Partners, Insight Venture Partners, Menlo Ventures, Sequoia Capital, Spark Capital and Union Square Ventures.

Investment Network eToro Secures Funding

Investment network eToro has closed a funding round of $15 million from Spark Capital and other investors. The funding will help fuel international growth and continue to evolve eToro’s social trading platform. PRESS RELEASE eToro, the world’s largest investment network, announced today that it has closed a funding round of 15 million US dollars from […]

Spark Capital Elevates Koyfman to GP Status

Mo Koyfman, who has been with Spark Capital since 2008, has been promoted to general partner. He will be based in the firm’s New York office. Since joining Spark, Koyfman has worked on deals including Skillshare, Work Market, Svpply, gdgt, and Aviary.

Timehop Closes Seed Round

New York-based Timehop has closed a seed round of $1.1 million. The investment was led by Bryce Roberts of OATV (O’Reilly AlphaTech Ventures) which focuses on seed and early stage investments among technology early adopters. Also in the round is Spark Capital represented by Andrew Parker. Several angel investors also participated in the round including […]

RunKeeper Gets $10M From Spark, Steve Case’s Revolution, OATV

RunKeeper said Monday it raised $10 million in a round led by Spark Capital and joined by existing investor OATV, the venture arm of O’Reilly Media, and new investor Revolution Ventures, which is co-founded by Steve Case, the co-founder of AOL. The new money will enable the Boston company to expand its staff and improve […]

Union Square, Other Early Stage Tech VCs Kick Ass for UTIMCO (slideshow)

The University of Texas Investment Management Co. is among the many limited partners burned by early stage, tech-focused venture capital funds launched during the dot-com bubble. But UTIMCO didn’t let that negative experience sour it on such funds – and it is now reaping the rewards. Since 2005, the LP has backed seven early stage […]

Tumblr Raises $85M from Greylock, Insight, Richard Branson, Others

Tumblr, a popular blogging platform, has raised $85 million in a venture capital funding round led by Greylock Partners and Insight Venture Partners, plus the Chernin Group and Sir Richard Branson. Also joining the round were the company’s previous investors: Spark Capital, Union Square Ventures and Sequoia Capital. Tumblr, founded in 2007,  previously raised $30 million in […]

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