Video game startup Outpost Games snags $6.2 mln

Redwood City, California-based Outpost Games, a video game startup, has raised $6.2 million in Series A funding. Benchmark Capital led the round. In addition to the funding, Mitch Lasky, a general partner at Benchmark, and Manuel Bronstein, head of consumer products at YouTube, have been added to Outpost Games’ board.


Index leads funding of data platform provider Confluent

Mountain View, Calif.-based Confluent has raised a $24 million Series B round of funding led by Index Ventures. Existing investor Benchmark also participated in the round. The company, which provides a real-time, open source data platform, has now raised about $31 million to date in total funding. As part of the funding, Mike Volpi, partner at Index Ventures, has joined the company board.


WeWork racks up $400 mln

New York-based WeWork, a shared workspace provider, has raised $400 million in financing, the company announced on its site. With this funding, Fidelity Management and Research Company has joined the company’s other backers that include J.P. Morgan Investment Management Inc, T. Rowe Price Associates Inc, Goldman Sachs and Benchmark Capital.


Snapchat raises another $537.6 mln

Snapchat has raised another $537.6 million since February, according to an SEC filing. The video messaging app has its sight set on raising another $112.4 million.


Five top VCs predict the future

Five top VCs gathered Thursday evening at the Churchill Club’s annual Top 10 Tech Trends program to dispense a healthy dose of theories on what the future will bring.


IVP leads Series B funding of new video service Vessel

Institutional Venture Partners has led a $57.5 million Series B funding round in Vessel, a new video service that launched in recent weeks. Vessel’s current investors Benchmark Capital, Greylock Partners and Bezos Expeditions all participated in the round. The San Francisco-based company, co-founded by former Hulu executives Jason Kilar and Richard Tom, previously raised $75 million in funding.


GreenRoad snags $26 mln

GreenRoad, a fleet performance service provider, has secured $26 million in funding. Israel Growth Partners led the round with participation from return backers Amadeus Capital Partners, Benchmark Capital, DAG Ventures, Generation Investment Management and Virgin Green Fund. In addition to the funding, Haim Shani, general partner at IGP, has been added to GreenRoad’s board of directors.


VC-backed CloudPassage recruits Thomas as CEO

San Francisco-based cybersecurity company CloudPassage has named Robert Thomas as CEO. Thomas will also join the board of directors. Previously, Thomas worked at Infloblox where he served as CEO. In addition to this appointment, CloudPassage has tapped founding CEO Carson Sweet as chief strategy officer and board chairman. CloudPassage’s backers include Benchmark Capital, Meritech Capital Partners, Tenaya Capital, Shasta Ventures and Musea Ventures.


Mike Cahill rejoins VC-backed Boku as CTO

Boku has hired Mike Cahill as chief technology officer. Previously, Cahill worked at American Express where he was vice president of mobile engineering. And, prior to that, Cahill was Boku’s vice president of engineering. Based in San Francisco, Boku is a carrier billing-based mobile payment company. It is backed by Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures, Khosla Ventures and New Enterprise Associates.


VC-backed Boku names Mopay co-founders CBO and CFO

Boku has hired Ingo Lippert as chief business officer and Christian Hinrichs as chief financial officer. Both Lippert and Hinrichs are co-founders of Mopay. Based in San Francisco, Boku is a carrier billing-based mobile payment company. It is backed by Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures, Khosla Ventures and New Enterprise Associates.


New Relic files for IPO

San Francisco-based software analytics provider New Relic on Monday filed for a $100 million proposed IPO under the symbol “NEWR.” New Relic didn’t indicate the price in its announcement. But the company’s regulatory filing lists the price. Benchmark Capital is listed as the largest institutional shareholder, owning 22 percent prior to the IPO, followed by Trinity Ventures (13.6 percent). Other sizable investors include Insight Venture Partners and Tenaya Capital. Venture-backed New Relic has raised more than $214 million in funding, including a $100 million round in April.


Intel Capital leads $35 mln growth round in Gigya

Gigya, which provides data behavior analysis on users to companies, has raised $35 million in growth capital. Intel Capital led the round, which included Common Fund Capital, Vintage Investment Partners, Adobe, Advance Publications, Benchmark Capital, DAG Ventures, Greenspring Associates and Mayfield Fund. The Mountain View, Calif.-based company has now raised $104 million in total funding, including a $25 million round in September 2013.

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Be afraid: VC investing is on pace to match 2001

For the first three quarters of this year more than $33 billion has been put to work in U.S.-based companies. That is $3 billion more than the amount invested in all of 2013, according to the MoneyTree Report from the NVCA and PricewaterhouseCoopers, based on data from Thomson Reuters.

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