217 Views

Mobile security company Lookout pulls in $150 million

San Francisco-based mobile security firm Lookout has closed $150 million in funding. T. Rowe Price Associates-managed funds led the round with participation from Morgan Stanley Investment Management, Wellington Management Company, Goldman Sachs, Bezos Expeditions, Mithril Capital Management, Khosla Ventures, Accel Partners, Index Ventures and Andreessen Horowitz. Allen & Company served as financial advisor on this transaction.

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peHUB First Read

To start your week, First Read has the political evolution of Sean Parker, big mutual funds becoming venture capital investors and seven limits Congress should impose on a Comcast/Time Warner merger.

138 Views

VC-backed Lending Club raises $115 mln, acquires Springstone for $140 mln

Online credit marketplace Lending Club said Thursday that it has bought Springstone Financial for a consideration of $140 million. To help finance this transaction, Lending Club raised $50 million in debt financing and also $65 million in an equity round from funds and accounts managed by T. Rowe Price Associates, Wellington Management Company, BlackRock and Sands Capital. Based in Westborough, Mass., Springstone Financial is a provider of affordable financing options for consumers seeking to fund private education and medical procedures. Lending Club’s backers include Kleiner Perkins Caufield & Byers, Google Capital, Foundation Capital, Thomvest Ventures, Union Square Ventures, Canaan Partners and Norwest Venture Partners.

VC-backed Domo appoints TPG principal to board

Enterprise software startup Domo has named Nehal Raj, a principal at TPG, to its board of directors. TPG Growth recently led a $125 million Series C round in Domo. The company’s other backers include Benchmark, Fidelity Investments, Founders Fund, GGV Capital, Greylock Partners, IVP, Salesforce.com, T. Rowe Price, WPP and Zetta Venture Partners.

358 Views

Big data company Cloudera goes big with $160 mln round

Cloudera has raised a $160 million late-stage round of financing that was led by T. Rowe Price and included Google Ventures and MSD Capital, the private investment arm of Dell CEO Michael Dell. The large funding is a likely run-up to an IPO. Palo Alto, Calif.-based Cloudera said it has now raised $300 million in total funding since it was founded in 2008. Its last funding was a $65 million late-stage round in December 2012, which valued the company at more than $700 million, according to Thomson Reuters (publisher of peHUB).

220 Views

Blockbuster IPO for Coupons.com pays off for Passport Ventures

Shares of digital coupon company Coupons.com Inc (COUP.N) nearly doubled in their trading debut Friday, valuing the company at over $2.2 billion, Reuters reported. The company is majority owned by Passport Ventures, whose sole managing member is John H. Burbank III.

Pure Storage Goes Large With $150M Pre-IPO Round

The enterprise storage solutions provider Pure Storage announced today that it has raised $150 million in a Series E round that the company expects will carry it through to an IPO. The large funding round was led by T. Rowe Price and Tiger Global Management. The company, founded in 2009, has now raised $245 million in funding with previous investors including Greylock Partners, Index Ventures, Redpoint Ventures, Samsung Ventures and Sutter Hill Ventures.

Castlight Appoints Driscoll as President

Castlight Health, a provider of health care transparency solutions for employers and payers, has appointed John Driscoll as president. Castlight Health is headquartered in San Francisco and backed by investors including Allen & Company, Cleveland Clinic, Maverick Capital, Morgan Stanley Investment Management, Oak Investment Partners, Redmile Group, T. Rowe Price, U.S. Venture Partners, Venrock, Wellcome […]

oDesk Raises $15 Million in Round Led by T. Rowe Price

Odesk, a Redwood City, Calif., platform for finding and hiring remote freelance workers, has received $15 million in Series D funding led by T. Rowe Price Associates. Other investors in the round include Benchmark Capital, Globespan Capital Partners and Sigma Partners. The nine-year-old company has now raised a total of $44 million in funding. PRESS RELEASE: […]

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