peHUB First Read

To end your week, First Read has news White House cybersecurity coordinator believes his lack of technical expertise is an advantage, Spotify’s new map reveals when people begin the same song and the return of Sierra’s adventure games just makes our weekend.

MLB: Arizona Diamondbacks at Chicago Cubs

peHUB Second Opinion

In Second Opinion, we wonder why Wrigley Field is suddenly so empty, WalMart slashes the price of the iPhone 5S to $79, and EBay is considering spinning off of PayPal.

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Top 10 posts: venture capital

Trending in VC this week on peHUB: Surf Air takes to sky with $73 million, Sammy Hagar rocks a deal for DripDrop, and women still find it difficult to break into Silicon Valley’s VC club.


Safeguard Scientifics leads $11 mln Series D funding in Transactis

Safeguard Scientifics has led an $11 million Series D funding round in Transactis, which provides electronic billing and payment solutions. Other participants in the funding round include existing investors StarVest Partners, senior management and the board. To date, Transactis has raised a total of $40 million from investors including Metamorphic Ventures, Vermont Information Processing and Harland Clarke.


Xamarin raises $54 mln in Series C funding

Xamarin, a mobile app development platform, has raised $54 million in Series C funding from new and existing investors, including Charles River Ventures, Floodgate, Ignition Partners, Insight Venture Partners and Lead Edge Capital. Xamarin has raised a total of $82 million in three funding rounds.


Horizons Ventures leads $6.5 mln Series B funding in FeeX

Horizons Ventures has led a $6.5 million Series B funding round in FeeX, which finds and reduces hidden fees in investment accounts. Existing investor Blumberg Capital participated in the funding round. Horizons has raised a total of $9.6 million to date.


EyeVerify completes Series A funding with more than $6 mln

EyeVerify, which developed a biometric technology that eliminates passwords on smart devices, has completed a Series A funding round of more than $6 million. The funding included participation of companies including Qihoo 360, Sprint and Wells Fargo. EyeVerify’s current investors also joined in the funding round.


Mithril Capital leads $19 mln Series D funding round in DoubleDutch

Mithril Capital Management has led a $19 million Series D funding round in DoubleDutch, a mobile app event company. Existing investors Bessemer Venture Partners, Index Ventures and Bullpen Capital also participated in the round, along with Singapore-based Enspire Capital. Ajay Royan, co-founder and managing general partner of Mithril, is joining the DoubleDutch board.

DFJ leads $3.3 mln Series A funding in Nervana Systems

DFJ has led a $3.3 million Series A funding round in Nervana Systems, which has developed a machine learning platform. Existing investor Allen & Co. has participated in the funding round. As part of the investment, Steve Jurvetson, DFJ partner, will join Nervana’s board.


peHUB First Read

First Read has private equity news: New Silk Route retools management after leadership goes to jail, PE-backed auto lender agrees to pay as investigators scrutinize sub-prime auto loans and how your pension fund became a casino.


Madrona Venture Group leads $2.4 mln seed round in Algorithmia

Madrona Venture Group has led a $2.4 million seed funding round in Algorithmia, a marketplace for algorithms. Other investors in the round include Rakuten Ventures, Deep Fork Capital and angel investors like Oren Etzioni and Charles Fitzgerald. Algorithmia is in private beta and expects to launch by year end to a broader audience.


peHUB First Read

This morning, First Read brings you news Fortress is taking its recently closed infrastructure fund public, the SEC is facing a challenge to its pay-to-play rules in the name of free speech and music and video streamer Vevo is off the market.

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Deaths of the unfit outnumber survival of the fittest

There are 45 healthcare companies in the Fortune 500. History says some 86 percent of them are doomed to obscurity if they don’t learn how to adjust to life after the giant asteroid hits earth, also known as full implementation of the Affordable Care Act.

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