First read 24 Sept

peHUB First Read

Catch up on the midweek news including a record year for venture capital in Asia, what funds are doing it for Oregon, Mizuho selling buyout fund stakes and an insight into an American Islamic growth equity transaction.


Xamarin raises $54 mln in Series C funding

Xamarin, a mobile app development platform, has raised $54 million in Series C funding from new and existing investors, including Charles River Ventures, Floodgate, Ignition Partners, Insight Venture Partners and Lead Edge Capital. Xamarin has raised a total of $82 million in three funding rounds.


Glympse raises additional $12 mln in Series C funding

Glympse, a location sharing technology company, has raised an additional $12 million in Series C financing, with participation from new investors UMC Capital, Verizon Ventures and additional unnamed strategic investors. Existing investors Ignition Partners, Menlo Ventures and Naya Ventures also participated in the funding round. The investment brings total capital raised to about $20 million.


Oak Investment Partners leads $20 mln Series C funding in Hipmunk

Oak Investment Partners has led a $20 million Series C funding round in Hipmunk, which provides travel planning services online and through mobile apps. Ren Riley, general partner with Oak Investment Partners, will join Hipmunk’s board of directors. Existing investors Institutional Venture Partners, Ignition Partners and angel investors also participated in the funding round.


Trifacta nets $25 mln Series C

Trifacta said Thursday that it has received $25 million in Series C financing. Ignition Partners led the round with participation from return investors Greylock Partners and Accel Partners. Concurrent with the funding, Frank Artale, a managing director at Ignition Partners, has joined the Trifacta board. Based in San Francisco, Trifacta is a data transformation platform provider.


Online broker Motif Investing nabs $35 mln

Silicon Valley-based online broker Motif Investing has closed $35 million in funding. The investors were JPMorgan Chase, Wicklow Capital, Balderton Capital, Goldman Sachs, Foundation Capital, Ignition Partners and Norwest Venture Partners. In conjunction with the funding, Wicklow Capital and JPMorgan Chase will name board observers.

Legal marketplace Avvo picks up $37.5 mln

Avvo said Tuesday that it has raised $37.5 million in financing. Coatue Management led the round with participation from Benchmark Capital, Ignition Partners and DAG Ventures. Based in Seattle, Avvo is a legal marketplace for consumers and lawyers.

Email app Tipbit snares $4 mln

Tipbit has raised $4 million in Series A funding. Ignition Partners led the round. Based in Seattle and San Francisco, Tipbit, which is also backed by Andreessen Horowitz, is an email app.

Storage developer Coho secures $25 mln Series B

Cloud-based storage infrastructure developer Coho Data raised a $25 million Series B round of funding that was led by new investor Ignition Partners and included existing investor Andreessen Horowitz. As part of the funding, Frank Artale, managing director of Ignition, has joined the board, which already includes Peter Levine, partner of Andreessen Horowitz. Coho, founded by veterans of XenSource, emerged from stealth in mid-October.

Couchbase Raises $25M in Round Led by Adams Street

Couchbase, a provider of NoSQL database technology, has raised $25 million in Series D funding from Adams Street Partners, which led the round and was joined by existing investors Accel Partners, Mayfield Fund, North Bridge Venture Partners and Ignition Partners. The company has now raised $55 million in funding over four rounds.

Swiftype Raises $1.7M in Seed Funding

Swiftype, a Y Combinator startup that provides a search engine for websites and mobile apps, has raised a $1.7 million seed-stage round of funding from a number of individual investors and venture firms. Investors include Andreesen Horowitz, New Enterprise Associates, Kleiner Perkins Caufield & Byers and Ignition Partners, as well as Sam Altman, SV Angel, Alexis Ohanian, Paul Buchheit, Crunchfund, DST/Start Fund, Garry Tan, Harj Taggar, Jared Kopf, William Morris Endeavor, Data Collective, Scribd founders Jared Friedman and Trip Adler, and Tikhon Bernstam.

Keas Raises a Healthy $8M in New Funding

Corporate health and wellness startup Keas quietly announced today that it has raised $8 million in additional funding from Ignition Partners and Atlas Venture. The San Francisco-based company, which helps corporations promote healthy behavior among its employees, had previously raised about $18 million in venture funding, since the company was founded in 2009. Keas is part of a new wave of next-generation corporate wellness systems that leverage social media and game mechanics to get employees motivated about improving their health.

SnapLogic Appoints Spencer Punter as CFO

SnapLogic has appointed Spencer Punter as chief financial officer. The appointment builds on SnapLogic’s $20 million funding in late 2012, from Ignition Partners, Triangle Peak Partners and existing investors Andreessen Horowitz.

Motif Raises $25 Mln Financing

Motif Investing has raised an additional $25 million in financing from a group of investors including Goldman Sachs & Co. and existing Motif investors Foundation Capital, Ignition Partners and Norwest Venture Partners. San Mateo-based Motif is an online broker. Darren Cohen, Managing Director of Principal Strategic Investments at Goldman, is joining Motif’s board as an observer.

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