Y Combinator to do pro-rata follow-on investing

Y Combinator has made its mark as an ambitious, large-class accelerator with kick-off funding for startups. Now it has vowed to make use of its pro-rata rights to fund companies in follow-on rounds that have post-money valuations of $250 million or less, according to a blog post from President Sam Altman.


Remedy Partners raises $50 mln from Bain Capital Ventures

Remedy Partners said it has raised $50 million of Series B backing from Bain Capital Ventures. The capital is the initial close of a round that will target between $70 million and $80 million. As part of the deal, Bain Managing Director Mike Krupka will join the board.


IA Ventures raised third fund at $160 mln

IA Ventures has raised a third fund which at $160 million is its largest. The new fund, IA Ventures Strategies Fund III, follows the firm’s $105 million second fund raised in 2011 and early 2012.


VTS raises $21 mln from OpenView and Blackstone

VTS said it raised $21 million of Series B financing in a deal led by OpenView Venture Partners and joined by existing investors. The New York based company that is developing asset-management software for the commercial real estate market has now raised a total $32 million.


Rokk3r Labs raises $5 mln

Rokk3r Labs said it has raised $5 million from investors including Jon Gosier, and Scout Ventures. Miami-based Rokk3r Labs plans to build 20 new companies each year for the next five years and co-invest in its portfolio companies.


Whipclip raises $40 mln from Eminence, IVP, Raine

Whipclip said it has raised more than $40 million in an initial close on a Series C deal led by Eminence Capital and joined by existing investors Institutional Venture Partners and Raine Ventures. The company allows consumers to share video clips from television shows and music videos.

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