UK-based publishing startup Lost My Name has closed $9 million in Series A funding. The investors were Google Ventures, Greycroft, The Chernin Group, Allen & Co and former SunGard President and CEO Cris Conde.Continue
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.Continue
Nervana Systems, a developer of artificial intelligence algorithms, announced it has raised $3.3 million in a Series A round led by DFJ. Also participating in the round are current investor Allen & Co, Jerry Yang’s AME Cloud Ventures and Fuel Capital. As part of the funding, Steve Jurvetson has joined the board. The company previously raised $600,000 in funding.Continue
According to his LinkedIn profile, Bonnie has just joined Allen & Co. as a managing director in the investment firm’s San Francisco office.Continue
Thomson Reuters said Monday that it has agreed to sell its healthcare busines to Veritas Capital in a deal valued at $1.25 billion. The transaction, subject to regulatory approval, is execpted to close in the next few months. The Healthcare business provides data, analytics and performance benchmarking solutions and services to hospitals, health systems and […]Continue
Boston-based content production platform Skyword has raised $6 million from Cox Media Group. The company will use the cash to expand its platform and its sales and marketing efforts. Skyword is also backed by Allen & Company, Progress Ventures and American Public Media Group.Continue
New Relic, which provides application performance management for the cloud and data centers, on Wednesday announced that it has raised $15 million in new funding. The expansion round was led by new investors DAG Ventures and Four Rivers Group, with participation from existing investors Allen & Co., Benchmark Capital, Tenaya Capital and Trinity Ventures, New Relic […]Continue
ConnectEDU Inc., a provider of web-based college and career access tools, has raised $10 million in new equity financing. Existing shareholder Allen & Co. led the round, which will be used for expansion and acquisitions. ConnectEDU has offices in Hoboken, N.J., and Austin, Texas.Continue
What a difference three years make.
Today, Google announced it has acquired Zagat Survey. While financial terms weren’t disclosed, this would be a major win for Tim and Nina Zagat, who started the company in 1979 as a list of New York restaurant reviews compiled by friends.
The sale is the second time the founders have tried to offload the company. In 2008, the “Burgundy Bible” went up for sale and was seeking bids of 20X EBITDA or $200 million. Goldman Sachs was the advisor for the 2008 process.
Zagat, in 2008, was producing around $5 million in cash flow. Several PE firms looked at Zagat but balked at the high price tag, I’m told.Continue
WeatherBill, the California-based provider of weather insurance and related products, has wrapped up a $42 million round of Series B funding from new investors Khosla Ventures and Google Ventures, the companies announced late Monday. Google’s investment in WeatherBill marks a reunion of sorts. Google veterans Siraj Khaliq and David Friedberg are, respectively, the CTO and […]Continue
Tim Westergren, the founder of online radio network Pandora, wouldn’t discuss his company’s plans for a potential $100 million IPO, which Reuters reported last month is imminent, but he offered plenty of lessons for startups that are struggling to make a go of it. “Do what it takes, get people to work for free, and […]Continue
O3b Networks has raised $1.2 billion in debt and equity financing to create a constellation of satellites to provide internet service to the developing world. Shareholders include Google, North Bridge Venture Partners, Allen & Company, SES, Liberty Global and HSBC Principal Investments. Other shareholders include the Development Bank of Southern Africa, Sofina and Satya Capital. Debt was provided by several lenders, including HSBC, ING and Dexia. O3b Networks, whose name stands for “other three billion” – a reference to the number of people in the world without regular Internet access – is based in the Channel Islands.Continue
It was hard not to be taken aback at the sight of John Doerr earlier today, as he announced that Kleiner Perkins has launched a new, $250 million “social fund” for social Web startups called the sFund.
I’m not talking about Doerr’s legendary status in the venture industry. In fact, there were so many other stars at the event, held at Facebook’s Palo Alto, Calif., headquarters, that it bordered on ostentatious. Doerr’s partner Bing Gordon was there. So were Facebook co-founder and CEO Mark Zuckerberg, Zynga founder and CEO Mark Pincus and Amazon founder and CEO Jeff Bezos. All billionaires, or close to it, they were assembled as investors in the sFund, whose backers also include Comcast Interactive, Liberty Media, and Allen & Co.
That Doerr himself was in attendance wasn’t the surprise. It was what he was wearing: black jeans, a gray T-shirt, and, gulp, a black hoodie. The site was made all the worse given that Zuckerberg, also wearing jeans and a gray T-shirt, was sans hoodie.Continue