Bessemer leads $9 mln funding of Pipedrive

Pipedrive, a San Francisco-based provider of cloud CRM software, raised a $9 million Series A round led by Bessemer Venture Partners. Paua Ventures also participated in the round, along with existing investors Rembrandt Venture Partners and AngelPad, the latter of which incubated the company in 2012. Alex Ferrara, a partner at Bessemer Venture Partners, has joined the board as a result of the funding. Pipedrive previously raised $4.4 million in seed funding from Rembrandt, AngelPad, Monashees Capital, Storm Ventures, TMT Investments and angel investors


Bessemer leads $30 mln funding of on-demand valet provider ZIRX

ZIRX, a provider of on-demand valet and related car services, said today it has closed its $30 million Series B financing led by Bessemer Venture Partners. Existing investors Norwest Venture Partners and Trinity Ventures also participated in the round. The San Francisco-based company has now raised $36.4 million in total funding, following a $6.4 million Series A round last September. The company has operations in San Francisco, Los Angeles, Seattle and Washington, D.C.


Bessemer, True back npm

Oakland-based npm Inc, a provider of software tools for JavaScript developers, has raised $8 million in a Series A round. Bessemer Venture Partners led the round, which included True Ventures. As part of the funding, Bessemer Partner Ethan Kurzweil has joined the company board.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.

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