Expect Labs picks up $13 mln Series A

MindMeld platform maker Expect Labs has secured $13 million in Series A funding. IDG Ventures and a USAA subsidiary led the round. Other investors included Intel Capital, Samsung Ventures, Telefónica Digital, Liberty Global Ventures, Fenox Ventures, Westcott, Quest Venture Partners, Google Ventures, Greylock Partners, Bessemer Venture Partners and KPG Ventures.

Family entertainment firm ToyTalk pulls in $15 mln

ToyTalk, a San Francisco-based family entertainment firm, has raised $15 million in funding in a round led by Khosla Ventures, the company said in a blog post on its site. Other backers included previous investors Greylock, Charles River Ventures, True Ventures and First Round Capital. According to the company, the capital infusion will be used to expand its engineering and production teams. In addition to the funding, Samil Kaul, a partner at Khosla, has been added to ToyTalk’s board of directors. To read the announcement, visit here.

VC-backed Agari taps ex-Interwoven CEO Brauns for board

Agari, a San Mateo, Calif.-based provider of real-time, data-driven security solutions, has appointed Martin Brauns to its board of directors. Brauns is the former chairman and CEO of Interwoven. Agari is backed by Alloy Ventures, Battery Ventures, First Round Capital, Greylock Partners and Scale Venture Partners.


Battery Ventures and Greylock back GuardiCore

Cyber-security startup GuardiCore said Monday that it has raised $11 million in funding. Battery Ventures led the round with participation from Greylock IL and unnamed investors. In addition to the funding, Scott Tubin of Battery Ventures has been added to the firm’s board.

VC-backed OpenDNS hires CFO

OpenDNS has hired Burt W. Podbere as chief financial officer. Previously, Podbere worked at Net Optics where he served as CFO. Based in San Francisco, OpenDNS is a provider of internet security solutions. Its backers include Greylock Partners, Sequoia Capital, Sutter Hill Ventures, Glynn Capital, Cisco, Evolution Capital, Lumia Capital, Mohr Davidow Ventures and Northgate Capital.


VC-backed One Kings Lane appoints new CEO

One Kings Lane has named Dinesh Lathi as CEO and member of the board of directors. Previously, Lathi was the firm’s chief operating and financial officer. Headquartered in San Francisco, One Kings Lane is an online home decor retailer. Its backers include Mousse Partners, Scripps Networks Interactive, Kleiner Perkins, Greylock Partners, IVP and Tiger Global Management.

VC-backed Domo appoints TPG principal to board

Enterprise software startup Domo has named Nehal Raj, a principal at TPG, to its board of directors. TPG Growth recently led a $125 million Series C round in Domo. The company’s other backers include Benchmark, Fidelity Investments, Founders Fund, GGV Capital, Greylock Partners, IVP, Salesforce.com, T. Rowe Price, WPP and Zetta Venture Partners.

peHUB First Read

Monday’s First Read has Demand Media in demand, the Winkle-fund, and where IS the wall between Silicon Valley and Stanford?

Game Closure Wins $12M Series A

Game Closure, a Mountain View, Calif.-based maker of HTML5-based cross-platform game technology, has raised $12 million. Highland Capital Partners led the Series A round, with Greylock, Benchmark, General Catalyst and Charles River Ventures also participating. Highland’s Andy Miller has joined the company’s board of directors. PRESS RELEASE Game Closure today announced a Series A financing […]

Greylock Forms Dedicated Recruiting Team

Venture firm Greylock has formed a dedicated team to help its portfolio companies recruit talented employees. Jeff Markowitz joined the firm to focus on executive level talent. And Dan Portillo has joined to focus on product and engineering recruiting, the firm announced Monday. Markowitz joins from Heidrick & Struggles, where he was the managing director of the venture capital practice. Portillo joins from Rypple, where he was the VP of customer success.

Backers of Biggest Groupon Round Not Among Top Shareholders

Investors may have poured $950 million into Groupon earlier this year. But that didn’t snag any of the newcomers so much as 5% of the fast-growing discount deal site.

That’s the takeaway from an initial reading of Groupon’s IPO filing. The document lists only two of the company’s venture investors — New Enterprise Associates and Accel Partners -– as principal shareholders. NEA, which backed Groupon’s first venture round in 2008, holds a $14.7% stake in the company. Accel, which invested in Groupon’s second round in 2009, among others, according to Thomson Reuters, owns 5.6 percent.

Among those not listed as principal shareholders are the firms that participated in Groupon’s last financing round of $950 million. The backers for that round, announced in January, included Andreessen Horowitz, Battery Ventures, Greylock Partners, Kleiner Perkins Caufield & Byers, Mail.ru Group, Maverick Capital, Silver Lake and Technology Crossover Ventures.

At the time of that announcement, my colleague, Connie

Greylock Raises Fund, Hires Reid Hoffman

Big day over at Greylock Partners, which has closed a new fund, hired a big-name new partner and agreed to move its East Coast office from staid Waltham to trendy Cambridge.

Fund XIII came in at $575 million, which is significalty higher than the $500 million Greylock raised for its twelfth fund in 2006. Partner Bill Hellman says the added capital was the result of existing investors requesting more than their pro rata shares. Greylock doesn’t take pre-determined management fees — it operates on year-to-year budgets — which might help explain why liquidity-drained LPs were ready to open their pocketbooks for Greylock.

Greylock also announced that LinkedIn co-founder and executive chairman Reid Hoffman has signed on as a partner. LinkedIn is a Greylock portfolio company, having first raised money from the firm as part of a $10 million Series B round in 2004.

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