08252014Hawaii
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Growth equity an eclectic mix at Hawaii ERS: VCJ

The growth equity portfolio at the Hawaii Employees’ Retirement System is an eclectic mix of small-scale later stage funds and massive multi-billion capital pools with a broad, balanced approach. Results are reasonably good.

0818Hawaii

Bubble-year funds struggle to get ahead: VCJ

Many bubble-year funds still struggle to turn the corner. This is the case at the Employees’ Retirement System of the State of Hawaii, where mixed results describe a portfolio of 23 funds with vintages of 1998, 1999 and 2000.

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Vadio picks up $2 mln seed

Vadio said Thursday that it has received $2 million in seed funding round. The investors included Ed Wilson, former president of NBC Enterprises; Robin Richards, former CEO of Vivendi Universal Net USA; Marc Geiger, co-founder of Lollapalooza and partner at William Morris Endeavor; Irwin Federman, partner at US Venture Partners and former board member of the National Venture Capital Association; Mucker Capital and Amplify.LA. Headquartered in Portland, Oregon, with an office in Los Angeles, Vadio is a distribution platform for music video content and online ads.

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NewSpring leads Series C round for ad tech firm Dstillery

Dstillery said Wednesday that it has secured $24 million in Series C funding. NewSpring Capital led the round with participation from previous backers U.S. Venture Partners, Menlo Ventures and Venrock. In conjunction with the funding, Mike DiPiano of NewSpring has been added to Dstillery’s board. Dstillery is a provider of audience targeting solutions for brands.

Smartling names CFO

Smartling has hired Adi Dehejia as chief financial officer. Previously, Dehejia was the CFO for Rhapsody International. Based in New York City, Smartling is a provider of cloud-based translation software solutions. It is backed by Tenaya Capital, First Round Capital, IDG Ventures, U.S. Venture Partners, Venrock and Harmony Partners.

Wayin nabs $13.1 mln Series C

Wayin said Wednesday that it has raised $13.1 million in Series C financing. U.S. Venture Partners led the round. Based in Denver, Wayin is a social intelligence and display firm.

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PLUMgrid nabs $16.2 mln Series B

PLUMgrid has closed $16.2 million in Series B funding. Longworth Venture Partners led the round with participation from U.S. Venture Partners, Hummer Winblad Venture Partners, Qualcomm Ventures and Swisscom Ventures. Based in Sunnyvale, Calif., PLUMgrid is a provider of secure cloud networks for public and private clouds.

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Smartling closes $25 mln funding

Smartling has closed a $25 million series D round of funding, led by ICONIQ Capital. Smartling’s prior investors also participated including First Round Capital, Harmony Partners, IDG Ventures, Tenaya Capital, U.S. Venture Partners and Venrock.

Box IPO never had a set date, says company rep

Despite news reports that say that Box has delayed its IPO, according to a company spokesperson, there was never a set date for its rollout. Says the Box rep: “Since filing, we’ve planned on going when it makes the most sense for the market. That plan hasn’t changed.” Headquartered in Los Altos, Calif., Box is a data storage provider. The company filed for an IPO earlier this year. Its backers include Draper Fisher Jurvetson, US Venture Partners, Meritech Capital Partners, Andreessen Horowitz and Emergence Capital Partners.

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InsideSales.com closes Series C – Updated

InsideSales.com has closed a Series C financing. Polaris Partners led the round in the cloud-based sales acceleration technology company. Kleiner Perkins Caufield & Byers was the other major investor. Acadia Woods, EPIC Ventures, salesforce.com, Hummer Winblad, U.S. Venture Partners and Zetta Venture Partners also participated. The round also included individual investors, including Fraser Bullock, managing director at Sorenson Capital.

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Fandango agrees to buy MOVIECLIPS from VC-backed ZEFR

Fandango has inked an agreement to acquire MOVIECLIPS from ZEFR. No financial terms were disclosed. MOVIECLIPS is a YouTube network that encompasses a catalog of film clips, trailers and videos. Headquartered in Venice, Calif., ZEFR is a platform that builds social marketing and rights management software for online video. Its backers include Institutional Venture Partners, U.S. Venture Partners, Shasta Ventures, First Round Capital and Richmond Park Partners.

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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.

Andreessen Horowitz leads Series B round for Omada Health

Digital therapeutics firm Omada Health said Wednesday that it has raised $23 million in Series B financing. Andreessen Horowitz led the round with participation from Kaiser Permanente Ventures and previous backers that include U.S. Venture Partners and The Vertical Group. Also, Balaji S. Srinivasan, a general partner at Andreessen Horowitz, has been added to Omada Health’s board of directors.

Shakeup At U.S. Venture Partners

Dan Primack at Fortune is reporting a big shakeup at U.S. Venture Partners where 16-year veteran Winston Fu is said to have left. Partner Chris Rust and Venture Partner Emily Melton also are gone while Paul Matteucci is list as an operating partner, Fortune reports.

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