07232014Nevada
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Nevada PERS bets more on venture: VCJ

The Public Employees’ Retirement System of Nevada has stepped up its venture capital investing over the past couple of years with commitments to Battery Ventures, Canaan Partners and Technology Crossover Ventures.

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Jump Capital leads Series B round for ParkWhiz

Online parking marketplace ParkWhiz said Monday that it has raised $10 million in Series B funding. Jump Capital led the round with participation from return backers Hyde Park Venture Partners, Reddit co-founder Alexis Ohanian, former Nokia/Navteq CTO Amreesh Modi, former Technology Crossover Ventures partner Henry Feinberg and Hyde Park Angels.

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Dough snags $25 mln from TCV

Dough has closed $25 million in funding from Technology Crossover Ventures. In conjunction with the funding, John Rosenberg, a general partner at TCV, has been added to the firm’s board of directors. Dough includes online financial network tastytrade and investing and financial education platform dough.com.

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NewVoiceMedia raises Series E led by TCV

Cloud contact centre vendor NewVoiceMedia has raised $50 million in a Series E round of funding. New investor Technology Crossover Ventures led the round, joined by existing shareholders Bessemer Venture Partners, Highland Capital Partners Europe, Eden Ventures, Notion Capital and salesforce.com.

06122014Massachusetts

MassPRIM’s push into venture slowed last year: VCJ

The Massachusetts Pension Reserves Investment Management’s venture portfolio includes top name funds from Union Square Ventures, Spark Capital and Index Ventures, but after stepping on the gas early this decade, the board’s pace of commitments shifted to a lower gear last year, affiliate magazine Venture Capital Journal reports.

ExtraHop bags $41 mln Series C

ExtraHop said Thursday that it has received $41 million in Series C funding. Technology Crossover Ventures led the round with participation from other investors that included Meritech Capital Partners and Madrona Venture Group. In addition to the funding, Ted Coons of Technology Crossover Ventures has been added to ExtraHop’s board of directors. Headquartered in Seattle, ExtraHop is a provider of real-time wire data analytics.

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UTIMCO’s bet on young firms continues to pay off: VCJ

The University of Texas Investment Management Company’s bet on young, emerging venture firms over the past decade or so, including Union Square Ventures, Spark Capital and Foundry Group, continues to pay off, affiliate magazine Venture Capital Journal reports.

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VC-backed Think Finance spins off new company

Think Finance, a producer of online financial products, is restructuring its business and spinning off a new independent company named Elevate. According to the firm, Elevate will own Think Finance’s portfolio of products that include RISE, Elastic and Sunny while Think Finance will focus on providing analytics and tech services to third-party lenders. Ken Reese, former CEO of Think Finance, will lead Elevate. And, Martin Wong, former chief integrity officer at Think Finance, has been appointed the firm’s CEO. Think Finance is backed by Sequoia Capital and Technology Crossover Ventures.

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Fund performance: Technology Partners, TCV, Weston Presidio see gains: VCJ

Institutional Venture Partners and Landmark Partners hold the top positions in the San Francisco Employees’ Retirement System’s mid decade venture portfolio, affiliate publication Venture Capital Journal reports. But funds from Weston Presidio, Technology Partners and Technology Crossover Ventures were the most improved through the middle of last year.

04172014countingmoney

Fund performance: NEA and Austin show solid improvement in WSIB portfolio: VCJ

A generation of venture capital funds now reaching middle age is clearly benefiting from the business’ up-cycle, affiliate magazine Venture Capital Journal reports. This is apparent in the Washington State Investment Board’s Pathway and Invesco portfolios, where funds from the 2006 to 2008 vintages are turning in solid performances.

Act-On Software bags $42 mln

Act-On Software has raised $42 million in funding. Technology Crossover Ventures led the round with participation from previous backers Norwest Venture Partners, Trinity Ventures, US Venture Partners and Voyager Capital. Act-On Software is a provider of marketing automation solutions for small to mid-market enterprises.

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Act-On raises $42 mln in deal led by TCV

Act-On Software, a developer of marketing automation software, has raised $42 million in new funding led by Technology Crossover Ventures. Existing investors Norwest Venture Partners, Trinity Ventures, US Venture Partners and Voyager Capital also participated. Act-On previously raised $32 million in funding since it was founded in 2008. As part of the funding, David Yuan, general partner at TCV, has joined the board.

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Venture firms raised $8.87 bln in Q1

The venture industry saw a big boost in fundraising in the first quarter as the reinvigorated IPO market and an increase in distributions to LPs lifted investor spirits.

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