122 Views

Button sews up $12 mln Series A

Redpoint Ventures has led a $12 million Series A funding round for Button, the latter announced in a post on its site. Other investors that participated in the round included Greycroft, DCM, Atlas Venture, VaynerRSE, Slow Ventures and NBA Commissioner Emeritus David Stern. Also, Redpoint’s Chris Moore has been appointed to Button’s board. Based in New York City, Button is a provider of customer acquisition and retention solutions for apps. To read the announcement, visit here.

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Mandalay Digital to acquire VC-backed Appia

Mandalay Digital has agreed to buy Appia, a mobile user acquisition network. According to terms of the deal, Mandalay Digital will buy Appia’s equity for $65 million based on its closing November 12 stock price of $3.40. Mandalay will also assume Appia’s approximate $10 million debt. The deal is expected to be completed in the first quarter of 2015. Appia’s backers include Venrock, Trident Capital, DCM and Eric Schmidt’s TomorrowVentures.

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VC-backed DXY rakes in $70 mln from Tencent

DXY, which is backed by DCM and Shunwei China Internet Fund, said Monday that it has secured $70 million in funding from Tencent. In conjunction with the funding, David Feng, vice president of DXY and Richard Peng, vice president of Tencent, will join DXY’s board. Based in China, DXY is an online healthcare service community.

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Atlas Venture leads $2.25 mln seed round in Button

Atlas Venture has led a $2.25 million seed round in Button, a New York City-based startup focused on creating more efficient methods of finding and retaining customers for on-demand companies like Uber and Instacart. Other investors in the seed round included DCM, Greycroft Partners, Mesa+ and VaynerRSE along with angel investors Tim Kendall, head of product at Pinterest, Ray Rothrock, former partner at Venrock, Scott Kurnit, founder of about.com and Gary Fritz, former president of Expedia Partner Services Group.

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DCM leads $10 mln round for Yik Yak

Yik Yak, a hyper-local community building app, said Monday that it has closed $10 million in funding. DCM led the round with participation from Azure Capital Partners, Renren and Tim Draper. Concurrent with the funding, Yik Yak has named Alan Masarek, co-founder and former CEO of Quickoffice and David Chao of DCM, to its board.

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DCM leads $14 mln round for Sansan

Sansan, a Tokyo-based contact management service provider, has closed $14 million in funding. DCM led the round with participation from Innovation Network Corp. of Japan, Nikkei Digital Media, Energy and Environment Investment and GMO Venture Partners. According to the firm, the capital will be used to launch its cloud-based contact management service in the U.S. this month as well as accelerate international expansion.

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ADT invests in VC-backed Life360 app

Security provider ADT has acquired a minority stake in Life360 for $25 million. Also, ADT is leading a $50 million Series C round for Life360, a location and communication app for families. Life360’s backers include Duchossois Capital Partners, DCM, Fontinalis Partners, Bessemer Venture Partners and Expansion Venture Capital.

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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.

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