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VC-backed IPOs rebound in second quarter

VC-backed IPO activity rebounded in Q2, as 27 companies raised $3.4 billion in proceeds, according to a report from the National Venture Capital Association and Thomson Reuters. But M&A activity slumped despite LinkedIn’s purchase of Lynda.com.

Arvind Sodhani, President, Intel Capital

Sodhani to leave Intel Capital

Intel Capital President Arvind Sodhani will retire in January, ending a 34-year career with parent company Intel, including 10 years at the chipmaker’s venture investing arm, Intel said Thursday.

DFJ Esprit rebrands Draper Esprit as Tim Draper vows more active role

DFJ Esprit has rebranded itself Draper Esprit as iconic U.S. venture capitalist Tim Draper agreed to work more closely with the firm to find, back and scale top European startups. In a press release, the firm said it will continue to operate as part of the Draper Venture Network for companies from Western Europe.

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Allegis closes on initial $100 mln for sixth fund

Allegis Capital has closed on an initial $100 million of capital for a sixth fund that it says will focus exclusively on cyber-security investing. The venture firm said its target for the fund is $150 million.

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Nativo raises $20 mln from Advance Vixeid, RezVen, others

Nativo said it raised $20 million of Series B capital in a round led by Advance Vixeid Partners and joined by RezVen Partners. Existing investors participated as well. The company had previously raised $11.2 million from Greycroft Partners, Signia Ventures, Bertelsmann Digital Media Investment, e.ventures and others.

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Redis Labs raises $15 mln from Bain, Carmel, SVB

Redis Labs said it raised $15 million of Series B financing in a deal led by Bain Capital Ventures and Carmel Ventures. Silicon Valley Bank also participated by providing venture debt. The new round of funding brings the total raised by the company, a commercial provider of database services and software using the Redis in-memory NoSQL database, to $28 million.

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Still time to ask your question of an LP

If you have ever wondered what keeps an LP up at night or how they feel about today’s lofty valuations for startups, there’s still time to ask. A few weeks ago, VCJ and peHUB launched Ask an LP, a new feature that is your opportunity to ask questions of an LP about the hottest topics in venture capital. Some questions have come […]

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Credit Karma raises $175 mln from Tiger, Valinor, Viking

Credit Karma said it raised $175 million of Series D financing from investors including Tiger Global Management, Valinor Management and Viking Global Investors. The round values the company at $3.5 billion, according to a report on TechCrunch.

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Arboretum to raise $215 mln fourth fund

Arboretum Ventures has begun raising a $215 million fourth fund, according to a filing with the SEC. The new fund will be a substantial step up from the Ann Arbor, Mich., firm’s $140 million third fund.

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RezVen Partners raises $50 mln early stage fund

RezVen Partners said it raised a $50 million venture capital fund targeting early stage software and social media companies. The fund attracted both new and existing LPs and will be run by Managing Partners Anderee Berengian and Jim Davis.

Techstars acquires UP Global

Techstars, an accelerator for startups, said it has acquired UP Global, the non profit organization that runs Startup Weekend, Startup Week, Startup Next and Startup Digest programs, according to a blog post. No deal terms were disclosed.

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Mapbox raises $52.55 mln from DFJ, DBL, Thrive, Foundry, others

Mapbox said it raised $52.55 million of Series B capital in a deal led by DFJ’s growth team. Other new investors include DBL Partners, Thrive Capital, Pritzker Group, Promus Ventures and Jon Winkelried, an ex-president of Goldman Sachs. Existing investor, Foundry Group, which did the company’s Series A, participated.

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LPs see branded VCs as the best bet

When evaluating a venture capitalist’s request for a new fund, obviously a performance track record goes a long way in swaying a limited partner for or against. Another key factor is “brand.”

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