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Foursquare Raises $50M

Posted on: June 27, 2011 by reuters-newsNo Comments »

(Reuters) – Mobile location based start-up Foursquare raised $50 million in a round of financing lead by venture capital firm Andreessen Horowitz, the company said on Friday. With this latest round of funding, the New York-based company is valued at about $600 million, according to a source familiar with the deal. O’Reilly AlphaTech Ventures, Union [...]

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CSN Stores Inks $165M in Financing

Posted on: June 21, 2011 by cnolanNo Comments »

Online home goods retailer CSN Stores has raised $165 million in its first round of institutional financing from Battery Ventures, Spark Capital, HarbourVest Partners and Great Hill Partners. The nine-year-old company, which says it is profitable, will use the cash infusion to expand as it consolidates its catalog under the brand Wayfair.com, the company said Tuesday. The company will also use the funds for potential acquisitions.

Slideshow: New Venture Commitments Fall At Utimco, But Vintage 2007 IRRs Look Promising

Posted on: June 20, 2011 by Mark Boslet1 Comment »

Utimco pulled back from venture capital over the past several years, as did many LPs during this difficult period. The endowment that manages $23 billion in assets for the University of Texas and Texas A&M school systems made no new investments in 2009 and only three in each of 2008 and 2010. Even then, commitments [...]

IPO View: Profitless Pandora Pricks Tech Bubble

Posted on: June 17, 2011 by reuters-newsNo Comments »

(Reuters) – It had all the signs of another dotcom bubble: A startup without a convincing business plan or any foreseeable chance of turning a profit saw its shares soar in the first hours after its stock market debut. The difference this time — one that cost some investors money but provided a measure of [...]

Google to Buy AdMeld

Posted on: June 13, 2011 by reuters-newsNo Comments »

SAN FRANCISCO, June 13 (Reuters) – Google Inc. plans to buy online advertising company AdMeld to grab a larger slice of the market for graphical display ads. It is the latest deal in Google’s buying spree of technology and engineering talent to bolster initiatives outside its Internet search business, from social networking to mobile advertising. [...]

Onswipe Secures $5 mln in Series A

Posted on: June 3, 2011 by Luisa Beltran1 Comment »

Onswipe, a tablet publishing company said Friday that it had raised $5 million in a series A or “Awesome” round. Spark Capital led the round.

Slideshow: UTIMCO’s Top 5 Venture Capital Investments

Posted on: June 2, 2011 by Mark BosletNo Comments »

The University of Texas Investment Management Co. (UTIMCO) has been a private equity investor for 29 years. So, you might ask, what are its returns? We wondered the same thing, so we put in a Freedom of Information Act request to get its latest performance data. In aggregate, UTIMCO’s returns are as follows as of [...]

VCs Are Interested in Stuff Besides Social Media (Really)

Posted on: May 19, 2011 by reuters-news1 Comment »

Mo Koyfman. Photo by Mike Segar, Reuters

(Reuters) – Mobile, biotech and e-commerce all have one thing in common: they are among the next wave of startups that have caught the eye of venture capital.

In the past year, social media companies such as Facebook, Zynga, Groupon and LinkedIn have stolen the limelight as the fastest growing space for venture funds.

Still, they make up just one area, and even a minority percentage, of investment for a number of venture capital funds.

“Social media companies are leading the charge, capturing people’s fantasy,” Axel Bichara, a partner at Atlas Venture, told a panel at the Reuters Global Technology Summit Venture Capital in New York on Wednesday. “If you look at venture capital companies as a whole, it’s a really broad and deep

Scoop: Daily Deal Mania Continues — Group Commerce Nabs Second Round Topping $10M

Posted on: May 11, 2011 by Jonathan Marino1 Comment »

Group Commerce, the New York-based daily deals site, has raised a second round of “more than $10 million,” a source familiar with the deal told peHUB. A formal announcement is expected this week or next and should include some or all of its prior investors, Spark Capital, Lerer Media Ventures, and Carmel Ventures, multiple sources [...]

peHUB First Read

Posted on: April 5, 2011 by Jonathan MarinoNo Comments »

Look Who’s Coming to Dinner: Google could become ensnared in antitrust probe

Can’t We All Just Get Along? Integrating angels into the VC mix

Welcome Back!
American flies again on Expedia, Hotwire

Just Asking… Is it time to break up Google?