237 Views

Accel and Matrix Capital invest in Xero

New Zealand-based software company Xero Limited has raised $110.7 million in funding from Accel Partners and Matrix Capital Management. In addition to the funding, Xero has named Russ Fujioka as U.S. President. The appointment is effective immediately. Fujioka will be working from Xero’s U.S. headquarters in San Francisco. Also, Graham Smith, a former chief financial officer at Salesforce Inc, has been added to Xero’s board.

Training platform Grovo nabs $15 mln Series B

New York City-based professional and digital training platform Grovo has raised $15 million in Series B funding. The investors were previous backers Accel Partners, Costanoa Venture Capital, Greg Waldorf and SoftTech VC.

106 Views

TCV leads $100 mln round for WorldRemit

London-based online money transfer service WorldRemit has secured $100 million in Series B funding. Technology Crossover Ventures led the round with participation from previous backer Accel Partners. William Blair advised TCV on the transaction. In addition to the funding, TCV’s John Rosenberg has been added to WorldRemit’s board.

597 Views

E-commerce site Jet raises $140 mln

Stealth e-commerce startup Jet announced it has raise $140 million in new funding led by Bain Capital Ventures. Also participating in the round are Accel Partners, Coatue Management, General Catalyst Partners, Goldman Sachs, Google Ventures, MentorTech Ventures, New Enterprise Associates, Norwest Venture Partners, Silicon Valley Bank, Temasek, Thrive Capital and others.

ClusterHQ rakes in $12 mln

UK-based ClusterHQ, which is building a data layer for Docker, has secured $12 million in Series A funding, it was announced on the company’s site. Accel Partners led the round with participation from other investors that included Canaan Partners. To read more details about the funding, visit here.

124 Views

Accel Partners leads Series B round for KnCMiner

Swedish bitcoin mining company KnCMiner has raised $15 million in Series B funding. Accel Partners led the round with participation from Creandum, GP Bullhound and private investor Martin Wattin. GP Bullhound also served as advisor to KnCMiner on the transaction.

163 Views

Mobile marketing platform TUNE fetches $27 mln

Seattle-based mobile marketing platform TUNE has closed $27 million in funding. Icon Ventures (formerly Jafco Ventures) led the round with participation from Performance Equity Management and Accel Partners. In conjunction with the funding, Jeb Miller, a partner at Icon Ventures, has been added to TUNE’s board.

243 Views

Accel Partners leads $25 mln Series B funding in Deliveroo

Accel Partners has led a $25 million Series B funding round in Deliveroo, a food delivery service. Other participants in the funding round include Index Ventures, Hoxton Ventures and Hummingbird Ventures. Funding will help Deliveroo expand in the UK and internationally. The company already operates in London and Brighton. Accel Partners’ Fred Destin will join Deliveroo’s board.

256 Views

Accel leads $45.5 mln round in UserTesting

Mountain View, Calif.-based UserTesting, a provider of a user testing experience platform, has raised $45.5 Million in Series C funding. Accel Partners led the round, with participation from OpenView Venture Partners. As part of the funding, Kobie Fuller, who’s listed on LinkedIn as a principal at Accel, is joining the board.

141 Views

Drone startup Skydio pulls in $3 mln seed

According to a blog post on its site, Skydio has secured $3 million in seed funding. Andreessen Horowitz led the round with participation from Accel Partners. Based in Menlo Park, California, Skydio is a drone startup. To read more about the funding, visit here.

287 Views

VC-backed MemSQL appoints Held as executive chairman

San Francisco-based MemSQL, a provider of big data analytics, has named Jerry Held as executive chairman. Held is a chairman of Tamr. MemSQL’s backers include Accel Partners, Khosla Ventures, First Round Capital, Data Collective and In-Q-Tel.

372 Views

TPG leads $186 mln round for Lynda.com

Online education firm Lynda.com has raised $186 million in funding. TPG led the round with participation from Accel Partners, Spectrum Equity and Meritech. Allen & Co provided financial advice to Lynda.com on the transaction. Also, the company has added David Trujillo of TPG to its board.

155 Views

VC-backed DocuSign names CMO

San Francisco-based electronic signature company DocuSign has hired Brad Brooks as chief marketing officer. Recently, Brooks worked at Juniper Networks where he served as CMO and senior vice president of global marketing. DocuSign’s backers include Samsung Ventures, BBVA Ventures, Accel Partners, Google Ventures, Comcast Ventures, Ignition Partners, Kleiner Perkins Caufield & Byers, Sapphire Ventures and Scale Venture Partners.

152 Views

Argo pulls in $1.5 mln seed

Accel Partners has led a $1.5 million seed funding round for Argo, a data discovery startup in Palo Alto, California. Other investors included Steve Loughlin, Kevin Mahaffey, Adam Ross, Chuck Moran, Kathy Olsen, Ryan Simonetti and Brad Katsuyama.

183 Views

PeerTransfer nets $22 mln

PeerTransfer, a Boston-based provider of payment solutions for the education sector, has received $22 million in funding. Bain Capital Ventures led the round with participation from previous backers that included Spark Capital, Devonshire Investors, Accel Partners and QED Investors.

VC-backed DocuSign adds HP’s Hinshaw to board

San Francisco-based electronic signature company DocuSign has appointed John Hinshaw to its board of directors. Hinshaw is the executive vice president of technology and operations at HP. DocuSign’s backers include Samsung Ventures, BBVA Ventures, Accel Partners, Google Ventures, Comcast Ventures, Ignition Partners, Kleiner Perkins Caufield & Byers, Sapphire Ventures and Scale Venture Partners.

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