Barracuda Networks to acquire VC-backed Intronis

Barracuda Networks has agreed to buy Intronis Inc, a provider of data protection solutions to managed service providers. No financial terms were disclosed. Intronis’ backers included Greenspring Associates and OpenView Venture Partners.


Demandbase grabs $30 mln in Sageview Capital-led round

San Francisco-based Demandbase, a provider of account-based marketing solutions, has secured $30 million in funding. Sageview Capital led the round with participation from return backers Adobe Systems, Altos Ventures, Costanoa Venture Capital, Greenspring Associates, Salesforce.com Ventures, Scale Venture Partners and Sigma West. In addition to the funding, Demandbase has added Ned Gilhuly, founding partner of Sageview Capital, to its board of directors.


VC-backed Teladoc debuts IPO

Telehealth platform Teladoc has raised $156.75 million for its IPO after pricing its 8.25 million shares (originally planned at 7 million) at $19 per share. The stock began trading Wednesday on the New York Stock Exchange under the ticker symbol “TDOC.” J.P. Morgan Securities LLC and Deutsche Bank Securities Inc are the lead underwriters. Teladoc’s backers include Icon Ventures, FLAG Capital Management, Greenspring Associates, QuestMark Partners, Cardinal Partners, HLM Venture Partners, Kleiner Perkins Caufield & Byers, New Capital Partners and Trident Capital.


VC-backed Teladoc sets IPO pricing terms

Dallas-based telehealth platform Teladoc has priced its IPO of 7 million shares at between $15 and $17 per share. The company plans on trading the stock on the New York Stock Exchange under the ticker symbol “TDOC.” J.P. Morgan Securities LLC and Deutsche Bank Securities Inc are serving as the lead underwriters. Teladoc’s backers include Icon Ventures, FLAG Capital Management, Greenspring Associates, Mellon, QuestMark Partners, Cardinal Partners, HLM Venture Partners, Kleiner Perkins Caufield & Byers, New Capital Partners and Trident Capital.


Greenspring Associates leads Series D round for WalkMe

San Francisco-based WalkMe, a provider of online guidance solutions, has secured $25 million in Series D funding. Greenspring Associates led the round with participation from other investors that included Scale Venture Partners, Giza Venture Capital and Gemini Israel Ventures.


High Alpha scores $35 mln

Indianapolis-based venture studio High Alpha, which is focused on creating, operating and funding enterprise cloud companies, has secured $35 million in funding. High Alpha’s backers include Emergence Capital, Greenspring Associates and Hyde Park Venture Partners.


VC-backed Entellus Medical sets IPO pricing terms

According to an amended SEC filing, Entellus Medical is planning on selling 4.375 million shares of its IPO at a price range between $15 and $17 per share. BofA Merrill Lynch and Piper Jaffray are serving as lead underwriters. Entellus will list the IPO on the NASDAQ under the ticker symbol “ENTL.” Based in Plymouth, Minnesota , Entellus Media provides treatment solutions for chronic sinusitis. Its backers include Covidien Ventures, SV Life Sciences, Essex Wodlands, Split Rock Partners and Greenspring Associates.



Intel Capital leads $35 mln growth round in Gigya

Gigya, which provides data behavior analysis on users to companies, has raised $35 million in growth capital. Intel Capital led the round, which included Common Fund Capital, Vintage Investment Partners, Adobe, Advance Publications, Benchmark Capital, DAG Ventures, Greenspring Associates and Mayfield Fund. The Mountain View, Calif.-based company has now raised $104 million in total funding, including a $25 million round in September 2013.


Video platform JW Player nets $20 mln Series C

Online video platform JW Player has received $20 million in Series C funding. Greycroft Growth and Greenspring Associates led the round with participation from Cue Ball Capital and e.ventures. According to the firm, the capital infusion will be used for growth, expansion and product development.

Senseonics raises $20 mln from existing investors

Anthem Capital, Delphi Ventures, Greenspring Associates, Healthcare Ventures, New Enterprise Associates and other strategic partners participated in a $20 million private equity funding in Senseonics, a medical device company. Senseonics announced Mirasol Panlilio, formerly of Abbott Diabetes Care and LifeScan, has joined the company as vice president of global sales and marketing.


Greenspring Associates leads $15 mln round for B2B platform Demandbase

Demandbase said Monday that it has raised $15 million in financing. Greenspring Associates led the round with participation from Scale Venture Partners, SigmaWest, Altos Ventures, Costanoa Ventures and Adobe Systems. Based in San Francisco, Demandbase is a B2B targeting and personalization platform.


Northern Trust expands alternatives group

Northern Trust has expanded its alternatives group with two appointments focused on investment opportunities in venture capital and secondary markets for private equity. James R. ‘Trey’ Hart III joined Northern Trust from Greenspring Associates and Adam R. Freda was previously at Wind Point Partners.

CloudFlare discloses it raised $50 mln in funding a year ago

CloudFlare, which offers cloud-based services to improve security and website performance, announced its 2013 report card, including how it quietly raised $50 million in Series C funding in December 2012. The funding came from Union Square Ventures and Greenspring Associates, with existing investors New Enterprise Associates, Pelion Venture Partners and Venrock also participating. The San Francisco-based company has now raised $77 million in total funding.

Medialets Raises $10m from Greenspring

Medialets has closed $10 million dollars from Greenspring Associates to accelerate the growth of its mobile and tablet advertising platform. Medialets is a mobile advertising campaigns business.

AtTask Raises $17m for Growth

AtTask, a Software-As-A-Service project and work management solutions provider has closed a growth round of capital, raising a total of $17 million. The round was led by Baltimore-based Greenspring Associates, which has been an existing shareholder of AtTask since December 2009. The round includes Escalate Capital, University Venture Fund and Domo‘s Josh James.

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