Portea Medical raises $37.5 mln

Portea Medical said Sunday that it raised US$37.5 million in Series B funding led by Accel. International Finance Corporation (IFC), a member of the World Bank Group; Qualcomm Ventures and Ventureast also participated in this round. Portea, of Bangalore, India, is a home healthcare company.


Catawiki raises $82 mln

Catawiki said Thursday it raised $82 million in a Series C investment led by Lead Edge Capital. Previous investors Accel and Project A Ventures also participated in the round, as well as several former Booking.com executives, including former CMO Arthur Kosten. Amsterdam-based Catawiki is an online marketplace for buying and selling special objects.


Sysdig collects $10.7 mln

Container visibility company Sysdig has raised $10.7 million in Series A funding. Accel and Bain Capital Ventures led the round.


DJI, Accell launch SkyFund

DJI and Accel said Wednesday they launched SkyFund. Financial terms were not disclosed. SkyFund aims to drive mainstream adoption of drone-based vehicles and services. The pool is investing in early-stage companies in sectors such as robotics and machine intelligence, software, computer vision and navigation, multimedia communities and tools.


Recruit Strategic Partners leads $10 mln funding in 99designs

Recruit Strategic Partners has led a $10 million Series B funding round in 99designs, a marketplace for graphic design. Accel, which led the company’s 2011 Series A funding, has re-invested and added partner Rob Solomon to the board of directors. The investment from Recruit, the venture arm of Japan’s Recruit Holdings Co, will support 99designs’ international expansion.


SeatGeek nets $62 mln in TCV-led round

New York City-based ticket search engine SeatGeek has secured $62 million in Series C funding. Technology Crossover Ventures led the round with participation from other investors such as Accel, Causeway Media Partners and Mousse Partners. In addition to the funding, Daniel O’Keefe, a general partner at TCV, has been added to SeatGeek’s board.

BetterCloud grabs $25 mln

New York City-based BetterCloud, a provider of critical insights, automated management and intelligent data security for cloud office platforms, has raised $25 million in funding. Accel led the round with participation from all previous backers that included Flybridge Capital Partners, Greycroft Partners through its new Greycroft Growth Fund, Tribeca Venture Partners, New Amsterdam Growth Capital and Millennium Technology Value Partners.

Accel raises $305 mln for India fund

According to a blog post on its site, Accel has closed its fourth India-based fund at $305 million. Accel India IV will focus on tech startups as well as early-stage companies in the consumer, enterprise software, mobile and healthcare sectors. To read the announcement, visit here.


Mobile security company Lookout pulls in $150 million

San Francisco-based mobile security firm Lookout has closed $150 million in funding. T. Rowe Price Associates-managed funds led the round with participation from Morgan Stanley Investment Management, Wellington Management Company, Goldman Sachs, Bezos Expeditions, Mithril Capital Management, Khosla Ventures, Accel Partners, Index Ventures and Andreessen Horowitz. Allen & Company served as financial advisor on this transaction.

First read Feb 24

peHUB First Read

Catch up on the latest headlines after the weekend including a list of firms on the fundraising trail, some research on how syndication influences leveraged buyout success and more on how to fix the VC gender gap.

First Read April 1

peHUB First Read

Don’t be fooled on this April 1st, keep up to speed with what’s going on with the latest private equity news including the an Asian deals update, why the industry continues to live in the shadows and where to find employee compensation data to help benchmark your firm.


peHUB First Read

This midweek morning headlines include MassPRIM hiring for PE, Franklin Templeton closing its latest emerging markets fund and five ways to avoid losing money as an angel investor.

First read sunrise

peHUB First Read

This morning, First Read brings you the lowdown on Accel’s new venture partner; the latest corporate market chatter; Norway’s sovereign wealth fund and why Microsoft Azure is worth a billion.

Kevin Comolli_Accel London_4x6

Accel’s Kevin Comolli on New Europe Fund & Venture Scene: Q&A

The firm’s newest fund, Accel London IV, will target early through growth stage investments in Europe and Israel. Partner Kevin Comolli says he’s more bullish than ever about the region, where he sees talented entrepreneurs and startups that are less prone to the “hot deal syndrome” of soaring valuations than their Silicon Valley counterparts.

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