VC-backed SHIFT hires MD for UK and Europe

SHIFT has named Kate Burns as managing director of its UK and European operations. Burns is the former CEO of AOL Europe. Headquartered in Los Angeles, SHIFT is a provider of marketing solutions for social advertisers. It is backed by Lerer Ventures, Thrive Capital, Founder Collective, Rincon Venture Partners, Baroda Ventures, Crosscut Venture Partners and DN Capital.

Zola closes Series A led by Thrive

Zola has closed a $3.25 million Series A round of funding led by Thrive Capital. Joshua Kushner, founder and managing partner of Thrive Capital, will join Zola’s board of directors.

Reuters – Dwolla Raises $16.5m from Andreessen Horowitz

Online payment network Dwolla has pulled in $16.5 million in a third funding round led by venture capital firm Andreessen Horowitz, according to VentureBeat. Previous investors Village Ventures, Thrive Capital, and Union Square Ventures also contributed. Dwolla raised its $5 million Series B round in February 2012.

NEA Backs 42Floors

42Floors announced in a blog post this morning that it has raised a $12.3 million Series B round of funding that was led by New Enterprise Associates and includes Bessemer Venture Partners and Thrive Capital, two of the company’s Series A investors, and new investor Columbus Nova Technology Partners.

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VC Takes Off in Brazil, But First, a Giant Leap of Faith

There’s no question that Brazil is quente. Just last Friday, it was announced that Accel Partners has made its fifth investment in Brazil, in Kekanto, a local review and search site. As Accel’s Andrew Braccia told the New York Times, his firm — which didn’t disclose the size of the funding — has seen “an […]

Codecademy Closes Series A

Codecademy, a site that teaches people how to become computer programmers, has sealed a Series A round from investors including Union Square Ventures, O’Reilly, SV Angel, Yuri Milner, Social+Capital Partnership, Thrive Capital, CrunchFund, Collaborative Fund, Founder Collective, and individual investors including Joshua Schacter, Vivi Nevo, Naval Ravikant and Sam Altman. The company reportedly sealed $2.5 million in the round, which will be used to bolster the development and design team.

Slideshow: Top 10 VC Funds for What’s Shaping Up as a Weak Q3

The VC fundraising environment is looking weak, with just a smattering of announcements and regulatory filings over the past two months. Official Q3 stats won’t be released until October, but it’s not looking good from an anecdotal standpoint. Trolling through the peHUB archive, I turned up just five stories about various U.S.-based VC funds getting […]

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