Funding Circle secures Series C led by Accel

Funding Circle, an online marketplace for business loans has secured a $37 million series C investment led by Accel Partners. New investor Ribbit Capital joins New York-based Union Square Ventures and Index Ventures in the round. In total Funding Circle has raised $58 million in equity funding.

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VC Fred Wilson On the Dangers of Valuation Creep

Too much money in the hands of too few firms. When people talk about the challenges facing venture capital, their criticisms often boil down to this reality. Concentration limits competition and risk taking. It also was at the heart of the critique Union Square Ventures Managing Partner Fred Wilson offered on Thursday.

Firebase Raises $5.6 Million Series A

Firebase, a three-year-old, San Francisco-based startup whose cloud service is designed to power collaborative communications in real time, has raised $5.6 million in Series A funding from Union Square Ventures and Flybridge Venture Capital. The company had raised $1.4 million in seed funding last year from Flybridge, Data Collective, Greylock Partners, New Enterprise Associates and Expansion Venture Capital.

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.

Simulmedia Raises $5 Million from Union Square Ventures and Others

The New York-based media marketing firm Simulmedia has raised another $5 million in funding from Time Warner Investments, Avalon Ventures, and Union Square Ventures, according to an SEC Filing. The investors have collectively invested roughly $32 million in Simulmedia since its 2009 founding.

Hailo Raises $30.6M In Deal Led By Union Square Ventures

Hailo said it raised $30.6 million in a deal led by Union Square Ventures. The taxi app network also said it added Tom Barr, former head of the coffee business at Starbucks, as its new president and COO USA. The company has now raised $50 million.

Taxi App Network Hailo Inks $30m

Taxi app network Hailo has secured a $30.6 million investment led by Union Square Ventures. Entrepreneur and Virgin Group founder Richard Branson and Japanese telco KDDI also invested in the latest financing.

Could New York’s Startup Scene Hit the Wall in 2013?

In recent years, buttoned-down New York City has become an epicenter of open-collared consumer Web startups, with one hot brand after another drawing in users and venture capital in tandem. But the city that doesn’t sleep may have to work through the night reinventing itself if investors’ growing infatuation with all things enterprise goes unabated.

Recruit Acquires Indeed

Recruitment search engine Indeed is to be acquired by Recruit, a provider of integrated HR and information services based in Japan. Indeed was backed by Union Square Ventures.

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