TPVG names new CFO

TriplePoint Venture Growth BDC Corp. has hired Harold Zagunis as its chief financial officer. Zagunis will also continue to serve as the chief financial officer of TriplePoint Capital, TPVG’s sponsor. Zagunis replaces Harold Spencer, who had been serving as the firm’s interim chief financial officer in connection with its IPO. Based in Menlo Park, TPVG is a business development company that focuses on venture growth stage companies in tech, life sciences and other sectors.

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Heyday app launches, reveals $2 mln in seed funding

Heyday, which makes a photo journal app for the iOS platform, officially launched today. The San Francisco-based company, which was founded last year, told peHUB that it raised $2 million in seed funding, all of which was raised in July 2012. Investors include Google Ventures, Spark Capital, TriplePoint Capital, CrunchFund, SV Angel and individual investors Shervin Pishevar, Keith Rabois, Garry Tan, Matt Ocko, Robin Chan, Kevin Chou, David Spector, Amitt Mahajan, Joel Poloney, Ben Narasin, Eric Ries, Saad Khan, Charles Moldow and Roy Sehgal.

Union Square Advisors Recruits Partner

San Francisco-based Union Square Advisors, a technology-focused investment bank, has appointed Dean Riskas as a partner in its San Francisco office. Riskas most recently served as managing director and president of North America for TriplePoint Capital, a Silicon Valley venture debt provider. PRESS RELEASE Union Square Advisors LLC, a leading technology-focused investment bank, announced today […]

TriplePoint Raises $1 Billion Venture Debt Fund

TriplePoint Capital on Wednesday announced that it closed a $1 billion venture debt fund in one of the largest financings in the 25-year-old industry. The six year old firm said the new money will allow it to expand its debt and equity offerings as well as broaden its geographical presence. The Sand Hill Road firm […]

KPCB, Foundation, Advanced Tech Ventures all Chip in on Aquion Energy Investment

Foundation Capital led as $30 million round of financing for Aquion Energy, a maker of batteries and energy storage systems. Aquion Energy is based in Pittsburgh. Other investors chipped in for the round as well; KPCB returned to back Aquion, and Advanced Technology Ventures and TriplePoint Capital, each new backers, invested as well. Aquion counts the US Department of Energy among its existing shareholders.

TriplePoint Leads $5M Series B for Kaiam

Newark, Calif.-based Kaiam Corp. has sealed $5 million in Series B funding. TriplePoint Capital led the round, with participation from existing investor U.S. Venture Partners. The company, which develops high performance photonic integrated circuits, will use the money to expand its infrastructure.

Brendan Iribe Joins Cloud Gaming Service Gaikai

Los Angeles-based cloud gaming company Gaikai Inc. has named Brendan Iribe as its chief creative officer and senior vice president of user experience. Iribe was previously the co-founder, president and chief executive of Scaleform, a gaming user interface company bought by Autodesk in March. Gaikai is backed by Benchmark Capital, TriplePoint Capital, Rustic Canyon Partners, Limelight Networks and Intel Capital.

Harvest Power Adds $6M

Harvest Power, a developer of renewable energy and fertilizer products from organic waste, said Tuesday that it had extended its $51.7 million Series B financing. Zurich-based SAM Private Equity added a $6 million investment to the round. The company is also backed by Generation Investment Management, DAG Ventures, Keating Capital, Kleiner Perkins, publicly traded Waste Management, Munich Venture Partners, and TriplePoint Capital.

Well, That was Quick: Gilt Groupe Gets $138M

NEW YORK, May 9 (Reuters) – Gilt Groupe Inc, the online shopping website known for its flash deals, raised $138 million in new funding giving it a valuation of over $1 billion, according to a source with knowledge of the deal. The company it plans to use the new money for acquisitions, new product launches, […]

Harvest Power Lands $51.7M Series B

Harvest Power, a company developing renewable energy and fertilizer products from organic waste, has closed on a whopping $51.7 million in Series B financing. London-based Generation Investment Management led the round. Other investors included DAG Ventures, Keating Capital, Kleiner Perkins Caufield & Byers, publicly traded Waste Management, Munich Venture Partners and TriplePoint Capital. The company’s technology is designed to process various kinds of organic waste, including food scraps, yard trimmings, scrap wood and other organics. Harvest Power, which says it is profitable, recently broke ground on its first commercial-scale facility in North America. The new money will help Harvest expand its facilities and technologies.

Streaming Music Startup Jelli is On a Roll

It’s a Web 2.0 name, but its success hinges on its adoption by traditional media. Meet Jelli, a San Mateo-based startup that’s aiming to put traditional radio listeners in charge of what songs they hear — and making headway toward that end. The company, founded in September 2008, already controls the airwave’s of San Francisco’s […]

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Why Chegg.com Was Financed With Credit And Debt

Or at least partially with credit and debt…

Insight Venture Partners led a $57 million Series D round of equity funding into the company this week, plus helped provide a $25 million credit facility. In addition, Chegg.com got a separate $30 million debt facility from Pinnacle Ventures and TriplePoint Capital. Total equity funding is now over $90 million, according to Thomson Reuters.

Chegg.com bills itself as the Netflix for college textbooks — students order books from its website and receive them in the mail, along with a prepaid envelope to return them — and it needs enough financial flexibility to be able to accommodate its fast growth, according to Insight’s Deven Parekh.

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