peHUB Second Opinion

In Second Opinion, the Federal Reserve says a June interest rate hike is unlikely, New York’s top financial regulator Benjamin Lawsky is stepping down and according to a new study, 40% of the unemployed have stopped looking for a job.


VC-backed Zuora buys Frontleaf

Zuora has acquired Frontleaf, a customer usage analytics provider. No financial terms were disclosed. Zuora’s backers include Wellington Management Company, BlackRock, Premji, Passport Capital, Benchmark Capital, Greylock Capital, Redpoint Ventures, Index Ventures, Shasta Ventures, Vulcan Capital and Next World Capital.


Robinhood scores $50 mln in NEA-led round

Retail brokerage platform Robinhood has raised $50 million in funding, the company announced in a blog post on its site. New Enterprise Associates led the round with participation from Index Ventures, Ribbit Capital, Social Leverage and Vaizra Investments. In addition to the funding, Kittu Kolluri of NEA has been added to Robinhood’s board of directors.


Secret CEO Byttow confirms shutdown

Secret Inc. CEO David Byttow said in a post that the app would be shutting down. Secret, of San Francisco, has reportedly raised $35 million in funding, including $25 million in July. “Unfortunately, Secret does not represent the vision I had when starting the company, so I believe it’s the right decision for myself, our investors and our team,” Byttow wrote on Medium. Secret let users exchange messages anonymously; investors included Google Ventures, Kleiner Perkins Caufield & ByersIndex Ventures, Redpoint Ventures and Fuel Capital. Byttow said the company “still has a significant amount of invested capital” and that he believes the “right thing to do is return the money.”

VC-backed Interana appoints VP of engineering

Menlo Park, California-based Interana, a provider of self-service analytics for event data, has named Rich Sanzi as vice president of engineering. Previously, Sanzi worked at NetApp, where he served as vice president of engineering. Interana is backed by Battery Ventures, Data Collective, Fuel Capital, Index Ventures, SV Angel and Y Combinator.


Index Ventures leads $30 mln funding in Skyport Systems

Index Ventures has led a $30 million Series B funding round in Skyport Systems Inc, a cyber security company. Other participants in the funding include Intel Capital and existing investor Sutter Hill Ventures. Skyport has raised a total of $37 million to date.


Adallom snaps up $30 mln

Palo Alto, California-based Adallom, a cloud access security broker, has secured $30 million in funding. The investors included Hewlett Packard Ventures, Rembrandt Venture Partners, Sequoia Capital and Index Ventures. In conjunction with the funding, Rembrandt’s Gerald Casilli has been added to Adallom’s board.


Niara grabs $20 million in Venrock-led round

Sunnyvale, California-based Niara, a stealth security startup, has raised $20 million in Series B funding. Venrock led the round with participation from other investors that included New Enterprise Associates and Index Ventures. In conjunction with the funding, Doug Dooley of Venrock has been appointed to Niara’s board of directors.


Cyanogen raises $80 from Twitter, Rupert Murdoch and others

Palo Alto, California and Seattle-based Cyanogen Inc, a mobile operating system, has closed $80 million in Series C funding. Premji Invest led the round with participation from other investors that included Twitter Ventures, Qualcomm Incorporated, Telefónica Ventures, Smartfren Telecom, Index Ventures, Access Industries, Rupert Murdoch, Benchmark, Andreessen Horowitz, Redpoint Ventures and Tencent Holdings Ltd.


Index Ventures exits X01

According to a blog post on its site, Index Ventures has sold X01 Ltd to Janssen Pharmaceuticals Inc, a Johnson and Johnson subsidiary. No financial terms were disclosed. X01 is a cardiovascular drug startup. To read the announcement, visit here. magnet

Zuora attracts $115 mln from Wellington, BlackRock, Passport, others

Zuora said it raised a $115 million Series F round of financing in a deal that brought in new investors Wellington Management Company, BlackRock, Premji and Passport Capital. Existing investors Benchmark Capital, Greylock Capital, Redpoint Ventures, Index Ventures, Shasta Ventures, Vulcan Capital, Next World Capital, Workday co-founder Dave Duffield and Salesforce CEO Marc Benioff joined the round.


VC-backed Etsy files for IPO

Brookyn-based Etsy Inc, a marketplace where people buy and sell “unique goods,” has filed for an IPO. The number of shares to be sold as well as the stock’s pricing terms have yet to be set. Etsy plans on listing the stock on the NASDAQ under the ticker symbol “ETSY.” Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are the lead underwriters. Etsy’s backers include Index Ventures, Union Square Ventures and Accel Partners.

Culture Amp snags $6.3 mln Series A

San Francisco and Melbourne-based Culture Amp, which measures the happiness of employees at companies, has raised $6.3 million in Series A funding. Felicis Ventures, Index Ventures and Blackbird Ventures led the round. In conjunction with the funding, Wesley Chan, managing director at Felicis Ventures, has been added to Culture Amp’s board.

PE HUB Community

Join the 12523 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget