GridCraft nets $2.2 mln seed funds

GridCraft has closed $2.2 million in seed funding. Techstars’ Bullet Time Ventures led the round with participation from other investors that included Cohort Capital, Confluence Capital Partners, Drummond Road Capital, Galvanize Ventures, Impact Angel Group and Startup Studio Ventures, Based in Boulder, Colorado, GridCraft is a provider of data analysis tools.

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OMsignal grabs $10 mln Series A led by BVP

OMsignal has received $10 million in Series A funding. Bessemer Venture Partners led the round with participation from Real Ventures, Mistral Venture Partners, Golden Venture Partners, Techstars‘ managing partner David Cohen, Flextronics and Primera Capital. In addition to the funding, Rob Stavis of BVP and Ori Sasson of Primera Capital will join OMsignal’s board of directors. Based in Montreal, OMsignal is a provider of smart clothing technology.

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Recent funds in UTIMCO’s portfolio make gains: VCJ

The University of Texas Investment Management Company’s venture portfolio includes bets on recent funds from Union Square Ventures, IA Ventures, Foundry Group, True Ventures, Cendana Capital and now Techstars and Pinto Technology Ventures. A good number have started well and, through early this year, continued to make gains.

Distil Networks pulls in $10 mln Series A

Distil Networks said Wednesday that it has closed $10 million in Series A funding. Foundry Group and Techstars’ Bullet Time Ventures led the round with participation from ff Venture Capital, IDEA Fund Partners and Militello Capital. In conjunction with the funding, Ryan McIntyre of Foundry Group and Bullet Time Ventures’ David Cohen have been named to Distil Networks’ board of directors. Based in Arlington, Virginia, Distil Networks is a provider of bot detection and mitigation solutions.

Real estate ad network Placester scores $5.5 mln

Boston-based real estate ad network Placester said Tuesday that it has raised $5.5 million in Series A funding. Romulus Capital led the round with participation from investors that included Angel Street Capital and David Cohen, founder of Techstars.

AdYapper Seeded With $1.2M

AdYapper, which provides analytics for display and mobile ads, has raised $1.2 million in a seed funding round led by KGC Capital and including numerous angels. Investors include David Cohen of Techstars, Laurel Touby of mediabistro.com, Paul Sethi, Sameer Jagetia, Ari Newman, Vip Sandhir of Brown Capital and Dave Lerner of Rugged Ventures.

TechStars Program Places Nicole Glaros In NYC, Makes Luke Beatty a Managing Director in Boulder

TechStars, the popular accelerator program, is now accepting applications for its spring 2013 program in New York City; the program will be headed for now by Interim Managing Director Nicole Glaros, who has run five TechStars programs since 2009. In Glaros’s absence, the organization has promoted Luke Beatty, a mentor to its Boulder-based TechStars program, to managing director. Beatty was formerly VP of Communities and Local at Yahoo after his company, Associated Content, was acquired by Yahoo in 2010.

Travel Company Traxo Acquires Frequent Flier Tracker GoMiles

Dallas-based online travel info aggregation and tools company Traxo is acquiring the Seattle-based frequent flyer miles tracker GoMiles for an undisclosed amount of money. GoMiles had raised a nominal amount of funding through the TechStars accelerator program. PRESS RELEASE: Traxo (www.traxo.com), the leading website combining online travel organization and social travel tools, today announces the […]

Incubator Groupthink Or Real Innovation?

Listen to 160 seed companies at eight startup accelerators and what do you learn? Christina Cacioppo tried to answer this question in a Union Square Ventures blog post this morning. What she discovered is that incubators, such as Y Combinator or TechStars, function as useful barometers of the opportunities Internet entrepreneurs find exciting. Here are […]

Right Side Capital’s Plan For Low Touch, High Volume Online Seed Investing

Right Side Capital Management is pushing ahead with a pioneering plan for no-pitch, high-volume angel and seed investing. The San Francisco firm intends to begin investing as early as the end of this year and late last month joined a syndicate of firms providing $24 million in funding to TechStars startups. The plan is to […]

VCJ Cover Story: The Mobile Explosion

Mobile investing is exploding. And as Mark Boslet reported in the latest issue of Venture Capital Journal, funding in the mobile sector through the first 7 1/2 months of the year already exceeds all of last year as investors bet on startups combining mobile, social media and location-based technologies to create services that few can imagine […]

TechStars Raises the Ante In The Startup Accelerator Race, And Another $24M In Funding

Interest in seed stage incubators, accelerators and entrepreneurial funds continues at full bore, with companies, firms and universities all getting into the act. Vodafone early this month opened the doors of its Silicon Valley research center to startups with the hope of encouraging faster innovation on its network. Carnegie Mellon University, not to be left […]

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Entrepreneur Twitter Drama Highlights the Price of Speaking Freely

Last month, entrepreneur Matt Mireles (pictured) published a tweet, asking: “Why is TechStars NYC run by a non-entrepreneur?”

The “non-entrepreneur” in question is 29-year-old David Tisch, whose grandfather built Loews into a Fortune 100 company that operates hotel chains, and whose family’s largess has helped bankroll numerous institutions, including the Tisch Galleries at the Metropolitan Museum of Art, and the Tisch School of the Arts at NYU. Since 2007, the young Tisch has been seed-funding startups with his brothers. According to his LinkedIn profile, he has also started two Internet companies, both of which were shuttered in less than a year’s time.

VCJ Straw Poll: What’s Your Take on the Proliferation of Incubators?

Create your free online surveys with SurveyMonkey, the world’s leading questionnaire tool.

Incubators are all the rage. Y Combinator, TechStars and 500 Startups Accelerator, among others, are reshaping the seed company landscape and projections are that more than 100 new incubators will soon take root.

Just last month, five firms. including Charles River Ventures and Highland Capital Partners, came together to form CriticalMass, an incubator that will exist inside the Cambridge Innovation Center incubator in Boston.

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How to Create a Sustainable Entrepreneurial Community

I’ve lived in Boulder for 15 years after living in Boston for a dozen. While I’ve spent a lot of time in Silicon Valley — both as an angel and venture capital investor — I’ve never lived there. While the firm I’m a partner in — Foundry Group — invests all over the United States, […]

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Do More Faster

Writing a book is hard. Really hard. Much harder than I thought. So I’m extra satisfied that “Do More Faster: TechStars Lessons to Accelerate Your Startup” is finished, in print and available for the world to buy. I’ve been helping create software and Internet companies for over 25 years, starting with my first company, Feld […]

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