Cabot Microelectronics Corp to acquire VC-backed NexPlanar Corp

Cabot Microelectronics Corp has agreed to buy NexPlanar Corp for about $142 million. The deal is expected to close within 30 to 45 days. Based in Hillsboro, Oregon, NexPlanar is a maker of advanced CMP pad solutions for the semiconductor sector. NextPlanar’s backers included BlueRun Ventures, Intel Capital, SmartForest Ventures, Finaventures and Interwest Partners.


Founders Fund leads $50 mln round in Radius

San Francisco-based Radius, a provider of business-to-business predictive marketing software, announced it has raised a $50 million round led by Founders Fund. Formation 8, Glynn Capital Management, Jerry Yang’s AME Cloud Ventures, Salesforce Ventures, BlueRun Ventures and Yuan Capital also participated in the round.


BetterCompany nabs $6 mln Series A

San Francisco-based employee engagement platform provider BetterCompany has received $6 million in Series A funding. BlueRun Ventures led the round. In addition to the funding, Jeff Tannenbaum of BlueRun Ventures has been appointed to BetterCompany’s board of directors.


Banjo attracts $100 mln Series C

Redwood City, California-based social discovery app Banjo has raised $100 million in Series C funding, the company announced on its site. SoftBank led the round alongside BlueRun Ventures. To read the announcement, visit here.


RAY snaps up funding from BRV Lotus

RAY Company has received undisclosed funding from BRV Lotus, the Asia fund of BlueRun Ventures. A former subsidiary of Samsung Electronics, RAY is a producer of imaging systems for the medical and dental sectors.


Radius grabs $54.7 mln Series C

San Francisco-based B2B marketing intelligence firm Radius said Tuesday that it has received $54.7 million in Series C funding. The investors included BlueRun Ventures, Formation 8 Partners, Founders Fund, Glynn Capital Management, Slow Ventures, Western Technology Investments, Yuan Capital, former Morgan Stanley Chairman John Mack and actor/entrepreneur Jared Leto.


Bets pay off for venture funds in UC portfolio: VCJ

Last year saw several top performing funds in the University of California’s recent-vintage venture portfolio consolidate performance gains, as others continue to advanced, affiliate magazine Venture Capital Journal reported.


Gains in venture performance lift University of California portfolio: VCJ

A maturing slice of the University of California’s venture portfolio is benefiting from the venture industry’s performance gains of the past year, according to affiliate magazine Venture Capital Journal. The majority of the 20 funds the university holds with vintages of 2003 to 2006 advanced smartly in 2013 and 17 now have positive IRRs.


Kabbage raises fresh $50 mln in SoftBank-led round

Kabbage, an online lender for small businesses, has raised a $50 million Series D round led by SoftBank Capital. Also participating in the round is TCW/Craton, Lumia Capital and existing investors, including UPS Strategic Enterprise Fund, Thomvest Ventures, BlueRun Ventures, Mohr Davidow Ventures and individuals David Bonderman and Warren Stephens. As part of the latest round, Steve Murray, a partner at SoftBank, has joined the board. Atlanta-based Kabbage has now raised about $106 million in equity since 2010.


Banjo snags $16 mln Series B funds

Banjo said Thursday that it has closed $16 million in Series B financing. Balderton Capital led the round with participation from BlueRun Ventures and Vegas Tech Fund. Headquartered in Redwood City, Calif., Banjo is a social discovery app.

Kilopass Receives $8m Funding to Expand Tech Roadmap

Kilopass Technology, a provider of semiconductor logic non-volatile memory intellectual property has received an $8 million funding from a major consumer electronics licensee who wishes to remain anonymous until its own product launch. Kilopass is backed by BlueRun Ventures, Pitango Ventures and U.S. Venture Partners.

Venture-Backed Thirst Labs Launches Revamped Site

Thirst Labs, which provides a mobile app and Web platform to discover and share news, announced today that its Thirst news platform has been revamped and is now available to everyone online. Thirst Labs raised a $950,000 seed round from BlueRun Ventures and individual investors Steve Newcomb (co-founder of Powerset) and Jason Krikorian (co-founder of Sling Media). Thirst Labs co-founder and CEO Anuj Verma says the company plans to start working on raising a Series A round during the first quarter of this year.

Kabbage Raises Plenty of Green for Itself

Atlanta-based Kabbage, which provides capital to small and mid-sized online merchants, has raised $30 million in Series C funding. The company has now raised $56 million in total equity. The latest round was led by Thomvest Ventures, the venture arm of Peter Thomson, who’s also a director of Thomson Reuters (owner of peHUB). Joining in the round are UPS Strategic Enterprise Fund, Mohr Davidow Ventures, BlueRun Ventures, SV Angel and individuals Warren Stephens and David Bonderman.

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