Tripping.com inks $16 mln Series B

San Francisco-based Tripping.com, a search engine for vacation homes and short-term rentals, has secured $16 million in Series B funding. Steadfast Venture Capital led the round with participation from other investors that included Enspire Capital and Azure Capital.


Maker Media attracts $5 mln

San Francisco-based Maker Media, a platform that connects inventors of products and services with each other, has raised $5 million in funding. The backers included Obvious Ventures, Raine Ventures, Azure Capital, OATV, Floodgate and from Square 1. In addition to the funding, Maker Media has named Rafe Needleman as editor-in-chief to lead its editorial team and content strategy. Previously, Needleman served as editorial director of Yahoo Tech.

Hakka Labs nabs $500K

New York City-based Hakka Labs, an engineering community for tech companies and professionals, has raised $500,000 in funding. The investors included Y Combinator partner Ali Rowghani, Social Starts and Azure Capital.


Dating app Coffee Meets Bagel inks $7.8 mln

Dating app Coffee Meets Bagel has raised $7.8 million in Series A funding. DCM Ventures led the round with participation from other investors that included Quest Ventures, Azure Capital, Lightbank, WI Harper Group and Venture Lounge. In conjunction with the financing, Osuke Honda, a general partner at DCM Ventures, has been named to Coffee Meets Bagel’s board of directors.


Ranovus bags $24 mln

Ranovus, a provider of multi-terabit interconnect solutions for data center and communications networks, has secured $24 million in financing. Its backers include Azure Capital Partners, T-Venture, BDC Venture Capital, OMERS Ventures and MaRS Investment Accelerator Fund.


PredictionIO picks up $2.5 mln seed funds

PredictionIO has closed $2.5 million in seed funding. Investors include QuestVP, Azure Capital, CrunchFund, Stanford – StartX Fund, Kima Ventures, IronFire, Sood Ventures and XG Ventures. PredictionIO is an open source machine learning servicer for programmers and developers.

First read Feb 24

peHUB First Read

Catch up on the latest private equity news headlines including investor concerns about Yunfeng Capital, SamCERA recruiting for a CEO and VC investment leaping to highest levels since dot com era.


Julep Beauty snags $30 mln Series C funds

Seattle-based beauty brand Julep Beauty said Monday that it has secured $30 million in Series C financing. The investors included Azure Capital, Madrona Venture Group, Altimeter Capital, Andreessen Horowitz and Maveron.

SilkRoad Raises $35M Series C

SilkRoad, a Chicago-based company focused on online human resources and “social talent management,” has raised a $35 million Series C financing round. Investors in the round include new investors Keating Capital and NTT Finance. Existing investors including Intel Capital, Crosslink Capital, Foundation Capital, Azure Capital and Tenaya Capital also joined in the round. Since 2003, […]

SilkRoad Technology Raises $40 Million

Led by Intel Capital and Tenaya Capital, the Chicago-based software-as-a-service startup SilkRoad technology — which focuses on helping companies mine personnel talent within their enterprises — has raised a $40 million round of funding. The round was joined by existing investors Azure Capital and SilkRoad Equity. PRESS RELEASE: Silkroad technology, inc., the creator of the popular […]

Considering Azure Capital: A Case Study In Eschewing Trends

“I’ve thought about writing a blog. I’ve thought a lot about it, but that’s not really me,” said Mike Kwatinetz, dipping into an omelet yesterday at Bob’s Steak & Chop House, an old-school San Francisco eatery. “I can’t help but feel there are better uses of my time.”

The sentiment wasn’t surprising coming from Kwatinetz, who co-founded the tech-focused venture firm Azure Capital Partners in 2000 with several other former investment bankers, all of whom once reported to star banker Frank Quattrone.

Azure does much the old-fashioned way. You’d never find Kwatinetz in a hoodie, for example. He uses a Blackberry. And though Azure’s deal size varies considerably

VC Roundtable: Poking Their Heads Through Cloud Computing

In the more than three years since the term “cloud computing” was coined at the first Cloud Expo, VCs have backed a range of companies that have developed virtualized computing resources to deliver software and information on-demand. And it appears to be an investment opportunity that is growing. The Sand Hill Group, a software consulting […]

VC Roundtable: What Media Models Work?

Today, at the first PaidContent conference taking place in New York, stakeholders in the content industry have gathered to debate the latest business models for digital content.

Of course, many of these new media models will get launched thanks to venture backing, so I thought I’d ask four veteran investors the question: In today’s volatile media environment, which models are working, and why?

Ammar Hanafi, general partner of Alloy Ventures:

When we look back, 2009 will be seen as a watershed year for the U.S. media industry. The economic downturn created enormous pressure for traditional media models, and the increase in online audiences pushed every type of media organization to the Web. What was “new media” is now simply “the media.”

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