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.

ForgeRock Names New CEO

Accel-backed ForgeRock has named Mike Ellis as the company’s new chief executive officer. ForgeRock is an open source identity management business.

First read sunrise

peHUB First Read

This morning’s First Read brings you the latest venture deals, what ten big brands have plummeted in value and a McKinsey report predicting more doom and gloom for world banking.

peHUB First Read

This morning’s First Read brings you private equity to the rescue of Chinese listed companies, 3i bringing its debt management business Stateside and five reasons why St Petersburg is a leading tech hub.

Bangalore-Based Jed-i Raises Funding from Accel

Bangalore-based engineering design and innovation firm, Jed-i, has raised an undisclosed funding from Accel Partners. PRESS RELEASE: Bangalore, Karnataka, India, Monday, May 14, 2012 — (Business Wire India) Jed-i, dedicated to the creation of gifted engineers, announced that it has raised investment from Accel Partners. Jed-i is pioneering conceptual engineering delivered through the flipped class […]

BranchOut Closes Series C Led by Mayfield

BranchOut, a professional networking application on Facebook, has closed $25 million in Series C financing led by Mayfield Fund. Previous investors Accel, Norwest Venture Partners and Redpoint Ventures also participated in the round. This financing brings BranchOut’s total funding to $49 million. PRESS RELEASE BranchOut, the largest professional networking application on Facebook, has surpassed 25 […]


An Entrepreneur Takes On LinkedIn — and Facebook

Entrepreneur Rick Marini has a lot to be thankful for, including smart, connected friends who’ve supported him in the launch of two of his businesses. The most recent of these is BranchOut, which leverages Facebook to help people find business connections and that has an enviable list of backers and advisors. Marini may soon need them more than […]

Companies Waiting Longer for Series A

Certainly starting an Internet company is a lot cheaper than it used to be. And clearly entrepreneurs would prefer to hold on to as much equity as they can. But perhaps there are other drivers behind what might be called a recent mini-trend: Rather mature companies in a variety of sectors raising their first venture […]

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