142 Views

Bessemer joins chorus of criticism over new Indiana law

Bessemer Venture Partners has joined the chorus of criticism over a new Indiana law that appears to permit discrimination against gays and lesbians under the banner of religious freedom. The firm posted a statement to portfolio company CEOs on its website encouraging them to support states that safeguard social justice.

129 Views

August picks up $38 mln in BVP-led round

San Francisco-based August, a builder of home security products, has received $38 million in Series B funding. Bessemer Venture Partners led the round with participation from other investors that included Comcast Ventures and Qualcomm Ventures.

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Main Street Hub picks up $20 mln from SVB

Main Street Hub, a marketing automation and CRM platform for local businesses, has secured $20 million in funding from Silicon Valley Bank, said a source at the company. In January 2014, Main Street Hub raised $14 million in Series B funding. Bessemer Venture Partners led the round.

207 Views

Insight Venture leads $40 mln pre-IPO funding in Instructure

Insight Venture Partners has led a $40 million Series E funding round in Instructure, which makes educational software. Other investors in the funding round include Bessemer Venture Partners and EPIC Ventures. Instructure has raised $90 million to date. The pre-IPO investment will allow Instructure to launch Bridge, a cloud-based corporate learning and engagement platform.

228 Views

Francisco Partners leads $60 mln round for Betterment

New York City based-automated investing service Betterment has raised $60 million in funding. Francisco Partners led the round with participation from other investors that included Bessemer Venture Partners, Menlo Ventures and Northwestern Mutual Capital. In addition to the funding, Betterment has named Peter Christodoulo of Francisco Partners to its board of directors.

267 Views

Bessemer closes $1.6 bln venture fund

Bessemer Venture Partners, an investor in newly public Box as well as Twilio, Pinterest and Shopify, announced it has raised $1.6 billion for Fund IX. The multi-stage investor raised the same amount for Fund VIII, which closed in 2011.

VC-backed Syncsort completes William Data acquisition

Syncsort has closed its buy of UK-based William Data Systems, a maker of advanced network monitoring and security software products. No financial terms were disclosed. Syncsort’s backers include Insight Venture Partners, Bessemer Venture Partners, Goldman Sachs and Georgian Partners.

236 Views

Mobile security startup Wandera raises $15 mln

Wandera announced it has raised $15 million in a funding led by 83North. Existing investor Bessemer Venture Partners also joined the round. The company, which has offices in San Francisco and London, has now raised about $23 million in total funding. Wander provides mobile security services.

141 Views

Sigma Prime Ventures, Bessemer lead $5.6 mln round for nToggle

Ntoggle said Tuesday it raised $5.6 million in Series A funding led by Sigma Prime Ventures and Bessemer Venture Partners. Boston-based nToggle is an advertising technology startup. The company’s angel investors include Mike Baker, DataXu CEO and Ric Cavillo, Nanigans CEO.

152 Views

Araxid nets $12.5 mln Series A

McLean, Virginia-based personal data company Araxid Prime Inc has closed $12.5 million in Series A funding. Bessemer Venture Partners and Columbia Capital led the round. In conjunction with the funding, Kent Bennett of BVP and Arun Gupta of Columbia Capital have been added to Araxid’s board.

238 Views

NEA leads $56 mln Series B funding in Raise

New Enterprise Associates has led a $56 million Series B funding round in Raise, an online marketplace for gift cards. Other participants in the funding round include Bessemer Venture Partners, the Pritzker Organization, Listen Ventures and existing angel investors. The funding brings Raise’s total capital raised to $81 million. Tony Florence, general partner at NEA, will join Raise’s board of directors.

304 Views

Ravello picks up $28 mln

Ravello Systems Inc, a nested virtualization software firm, has received $28 million in funding. Qualcomm Ventures and SanDisk Ventures led the round with participation from­ Sequoia Capital, Bessemer Venture Partners, Norwest Venture Partners and Vintage Investment Partners.

344 Views

Vidyard pulls in $18 mln Series B in BVP-led round

Kitchener, Ontario-based Vidyard, a provider of video marketing and sales enablement solutions, has received $18 million in Series B funding. Bessemer Venture Partners led the round with participation from return backers iNovia Capital, OMERS Ventures, Salesforce Ventures and SoftTech VC. In conjunction with the funding, Byron Deeter, a partner at Bessemer Venture Partners, has been added to Vidyard’s board of directors.

172 Views

Welltok scores $37 mln Series D

Denver-based health optimization firm Welltok has closed its Series D funding round at $37 million. Bessemer Venture Partners led the round with participation from other investors that included Hearst Health Ventures, Catholic Health Initiatives, Emergence Capital Partners, InterWest Partners, New Enterprise Associates and Qualcomm Ventures.

172 Views

iSIGHT Partners grabs $30 mln Series C

Dallas-based iSIGHT Partners, a provider of cyber threat intelligence solutions, has secured $30 million in Series C funding. The investor was Bessemer Venture Partners.

128 Views

VC-backed Flex Pharma files for IPO

According to an SEC filing, Boston-based Flex Pharma, a biotech firm that focuses on treating muscle cramps, has filed for an IPO. Although the number of shares that will be sold as well as the stock’s pricing terms have yet to be set, the document proposes the IPO’s value to be up to $60 million Jefferies and Piper Jaffray are among those named as lead underwriters. Flex Pharma’s backers include Bessemer Venture Partners and Longwood Fund.

 

103 Views

Expect Labs picks up $13 mln Series A

MindMeld platform maker Expect Labs has secured $13 million in Series A funding. IDG Ventures and a USAA subsidiary led the round. Other investors included Intel Capital, Samsung Ventures, Telefónica Digital, Liberty Global Ventures, Fenox Ventures, Westcott, Quest Venture Partners, Google Ventures, Greylock Partners, Bessemer Venture Partners and KPG Ventures.

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