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 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 [...]

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, 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 [...]

(Reuters) – Two of Twitter’s earliest investors have left the company’s board of directors, the latest change to the fast-growing social media company’s leadership.

Fred Wilson of Union Square Ventures and Bijan Sabet of Spark Capital are no longer on Twitter’s board, the company said on Friday.

The departures were first reported on the technology blog AllThingsD.com.

It was not immediately clear what prompted the change.

Twitter does not plan to appoint new directors to replace Wilson and Sabet, a source familiar with the matter said.

Covestor, a social networking company focused on personal investing, has sealed $4 million in fresh capital, according to a filing with the Securities and Exchange Commission. Formed in 2008, the company previously raised around $3.6 million from investors including Union Square, Spark Capital and Amadeus Capital. The company’s board includes Spark Capital’s Todd Dagres; Ann Glover of Amadeus Capital; and Albert Wenger from Union Square Ventures.

Blogging service Tumblr is close to raising between $75 million and $100 million in new venture capital financing, Reuters reported Friday, citing news in the Wall Street Journal. Greylock Partners is reportedly one of the firms joining in the round. Spark Capital, Union Square Ventures, and Sequoia Capital are among the current investors in Tumblr.

Here’s a link worth a moment of your time. It is a list of the most active venture firms during the second quarter. Most of the names you know and those at the top of the list are no surprise. Firms such as Kleiner Perkins Caufield & Byers and New Enterprise Associates are frequently top [...]

If this year already seems like a blur to you, imagine how the LPs of Andreessen Horowitz and Digital Sky Technologies (DST) must feel. Both venture capital firms are known for aggressively placing outsize bets on companies whose full potential they see as unfulfilled. Still, when on Sunday night, they reported investing a combined $112 [...]

Venture capitalists picked up the pace with their second quarter investments, pouring money into Internet and life sciences startups. The quarter’s largest deals reflect this binary focus, according to the MoneyTree Report from PricewaterhouseCoopers, the National Venture Capital Association and Thomson Reuters, publisher of this blog. Six have to do with the Internet or IT. [...]