Andreessen Horowitz GP Srinivasan to work full-time at bitcoin startup

Balaji Srinivasan, a general partner at Andreessen Horowitz, will be working full-time at bitcoin startup 21 Inc, which he co-founded. Srinivasan made the announcement in a blog post on the venture firm’s site. However, Srinivasan will remain part-time as a board partner at Andreessen Horowitz where he says he will continue to lead new investments, build the firm’s software team and help entrepreneurs. According to Crunchbase, 21 has just raised $116 million in funding. Investors in that round included Andreessen Horowitz, Peter Thiel, Qualcomm Ventures, Data Collective and Khosla Ventures. In December 2013, Marc Andressen announced on the firm’s site that Srinivasan was joining the firm. To read the post about Srinivasan working full-time at 21, visit here.

 

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Rakuten invests $300 mln in Lyft

Rakuten Inc. said Thursday it has agreed to buy an 11.9 percent stake in Lyft. Rakuten said it is investing $300 million as lead investor of Lyft’s $530 million series E investment round. Other investors of the E round were not disclosed. San Francisco-based Lyft, a car-sharing app, has received backing from Andreessen Horowitz, Mayfield, Founders Fund, Coatue Management, Third Point Management and Alibaba.

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CRV leads funding round in SignalFx

SignalFx, previously known as SignalFuse, emerged from stealth and announced it has raised a $20 million Series B funding round led by CRV. Existing investor Andreessen Horowitz also participated in the round. The San Mateo, Cailf.-based company, which provides monitoring of cloud software, has now raised $28.5 million in funding to date. As a result of the Series B, Devdutt Yellurkar, general partner at CRV, has joined the board, which includes Ben Horowitz.

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Enterprise data startup Alation scores $9 mln

Redwood City, California-based enterprise data startup Alation has secured $9 million in Series A funding. Costanoa Venture Capital and Data Collective Venture Capital led the round with participation from Andreessen Horowitz, Bloomberg Beta and General Catalyst Partners. In addition to the funding, Greg Sands, managing partner of Costanoa, has been appointed to Alation’s board of directors.

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ToutApp scores $15 mln Series B

Sales platform ToutApp has secured $15 million in Series B funding. Andreessen Horowitz led the round with participation from previous backers Sigma West, Founder Collective, 500 Startups and the Launch Fund. In addition to the funding, Scott Weiss of Andreessen Horowitz has been appointed to ToutApp’s board of directors.

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Pindrop Security scores $35 mln Series B

Atlanta-based Pindrop Security, a provider of phone fraud prevention and call center authentication solutions, has closed $35 million in Series B financing. Institutional Venture Partners led the round with participation from return backers Andreessen Horowitz, Citi Ventures, Felicis Ventures, Redpoint Ventures and Webb Investment Network. In conjunction with the funding, Somesh Dash, a general partner at IVP, will join Pindrop Security’s board of directors.

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Rainforest nabs $4 mln seed

Rainforest, a quality assurance-as-a-service company, has secured $4 million in seed funding. The investors were Storm Ventures, Rincon, Andreessen Horowitz, Morado and Crosslink.

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DCM leads AnyPerk’s Series A round

AnyPerk announced it has raised $8.5 million in a Series A round that was led by DCM Ventures. Joining the round are Andreessen Horowitz; SV Angel; Y Combinator; Tony Hsieh and Zach Ware of Vegas Tech Fund; Tien Tzuo, CEO of Zuora; and Vayner RSE. As part of the funding, Osuke Honda, general partner of DCM Ventures, has joined the board. San Francisco-based AnyPerk, which helps companies of any size offer perks to its employees, previously raised $4.5 million in seed funding.

Ringly nabs $5.1 mln in Andreessen Horowitz-led round

Smart jewelry line maker Ringly has raised $5.1 million in Series A funding, the company said in a blog post on its site. Andreessen Horowitz led the round with participation from other investors that included High Line Venture Partners and Silas Capital. To read further details about the financing, visit here.

 

Andreessen Horowitz backs Stack Exchange

Stack Exchange, a network of question and answer websites, has secured $40 million in funding, the company announced in a blog post on its site. The bulk of that funding comes mostly from Andreessen Horowitz. In addition to the funding, the venture firm’s Chris Dixon will be joining Stack Exchange’s board of directors as an observer. Previous backers of Stack Exchange are Union Square Ventures, Index Ventures, Spark Capital and Bezos Expeditions. To read the announcement, visit here.

 

Distelli attracts $2.8 mln Series A

Seattle-based Distelli, a deployment platform provider for developers, has secured $2.8 million in Series A funding, the company announced in a blog post on its site. Andreessen Horowitz led the round. Also, Scott Weiss, a general partner at a16z, has been appointed to Distelli’s board of directors. To read further details about the funding, visit here.

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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.

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Meal replacement startup Soylent cooks up $20 mln

Meal replacement startup Soylent has raised $20 million in Series A funding, it was announced on the company’s blog. Andreessen Horowitz led the round with participation from other investors that included Lerer Ventures and Index Ventures. In addition to the funding, Chris Dixon, general partner at Andreessen Horowitz, has been added to Soylent’s board. To read the post, visit here.

 

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Instacart snags $220 mln Series C

Instacart, an on-demand grocery service, has raised $220 million in Series C funding. Kleiner Perkins Caufield & Byers led the round with participation from other investors that included Comcast Ventures, Dragoneer Investment Group, Thrive Capital, Valiant Capital, Andreessen Horowitz, Khosla Ventures and Sequoia.

Facebook acquires voice recognition firm-Reuters

Facebook Inc (FB.O) acquired a company that makes voice recognition technology for wearable devices and Internet- connected appliances, the latest sign of its ambition to extend its reach beyond computers and smartphones, Reuters reported.

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