Highfive garners $32 mln Series B

Redwood City, California-based Highfive, a provider of video conferencing device and cloud software for businesses, has received $32 million in Series B funding. Lightspeed Venture Partners led the round with participation from other investors that included Andreessen Horowitz, General Catalyst, Google Ventures, SV Angel, Aaron Levie of Box and Marc Benioff of Salesforce.com.


peHUB Second Opinion

In Second Opinion, an ex-Qualcomm executive pleads guilty to insider trading, Greece gets a four-month loan extension and oops, 800,000 Obamacare enrollees receive false tax information.


peHUB Second Opinion

In Second Opinion, Box shares soar in their first day of trading, a drone carrying methamphetamine crashes in Mexico, Expedia buys Travelocity and Cerberus is in talks to buy Digital First Media, which owns the Denver Post.


peHUB First Read

First Read ends your week with news about the French police closing in on Charlie Hebdo killing suspects, Box might finally go public this quarter and Boston is now the U.S. candidate to host the 2024 Olympics.


VC-backed Infer appoints Herbold as chief revenue officer

Palo Alto, Calif.-based Infer, a provider of predictive business applications that help companies win more customers, has hired Jim Herbold as chief revenue officer. Previously, Herbold worked at Box. Infer’s backers include Redpoint Ventures, Andreessen Horowitz, Social+Capital Partnership, Sutter Hill Ventures and Nexus Venture Partners.


Index Ventures, Jared Leto and Snoop Dogg back Robinhood

Retail brokerage platform Robinhood has raised $13 million in Series A funding, the company announced in a blog post on its site. Index Ventures led the round with participation from other investors that include Ribbit Capital, Aaron Levie, founder of Box, Jared Leto, Snoop Dogg and Nasir Jones of QueensBridge Venture Partners. In addition to the funding, Jan Hammer will join the company’s board of directors. To read more about the funding, visit here.


TPG Growth, Coatue Management invest $150 mln in Box

TPG Growth and Coatue Management have invested $150 million in data storage company Box. As part of the investment, TPG Growth will appoint a director to the Box board of directors. Terms of the deal were not disclosed. Morgan Stanley worked as financial advisor to Box.

Jimmy Choo shoes founder Mellon shows off her OBE in London

peHUB Second Opinion

In Second Opinion, Tamara Mellon, co-founder of Jimmy Choo shoes, says sexual discrimination and inequality in private equity made her a feminist, Box raises another $150 mln in funding from TPG and Coatue, and Uber cuts the price of UberX rides in NYC by 20%.


peHUB Second Opinion

In Second Opinion, Box is in talks for a round of funding from TPG, Apple’s new smartwatch will have more than 10 sensors, Yo gets hacked and RadioShack’s stock dipps below $1 a share.


Box buys VC-backed cloud storage provider Streem

Data storage firm Box has acquired Streem, the latter confirmed in an announcement on its site. No financial terms were disclosed. Headquartered in San Francisco, Streem is a provider of unlimited cloud storage solutions. Its backers include Y Combinator, Arbor Ventures, Ironfire Capital, 500 Startups, Start Fund and Socialatom Ventures. To read the post, visit here.

Toronto Mayor Rob Ford attends a special council meeting at City Hall in Toronto

peHUB Second Opinion

In Second Opinion, PE dry powder hits $1 trillion, GM recalls 3 million more cars, Box buys Stream and get ready for “Rob Ford The Musical.”


Andreessen Horowitz leads Series B round for Instacart

Instacart, an on-demand grocery service, has received $44 million in Series B funding. Andreessen Horowitz led the round with participation from previous backers Sequoia Capital, Khosla Ventures and Canaan Partners. Also, Box CEO Aaron Levie and Y Combinator President Sam Altman made personal investments.


peHUB First Read

This morning, First Read brings you news about how the Americans allegedly blew up the proposed $35 bln merger between Publicis and Omnicom, how Square turned dollars into data and the Winklevoss twins list their bitcoin fund on the Nasdaq.


Hunger for GrubHub shows IPO market still has appetite: VCJ

Led by the jumbo IPO of food delivery website GrubHub, 11 venture-backed companies went public in April, according to affiliate magazine Venture Capital Journal. While that was down from a 13-year high of 18 offerings in March, it was a substantial increase from April 2013.


peHUB First Read

To end your week, First Read has news about activists in San Francisco asking a judge to stop buses transporting evil tech workers from using public bus stops, AstraZeneca rejects increased offer from Pfizer and meet the only Wall St. executive jailed for his part in the financial crisis.

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