380 Views

IVP, Leonardo DiCaprio, Adam Levine and others back sleep startup Casper

New York City-based mattress maker Casper has raised $55 million in Series B funding. Institutional Venture Partners led the round with participation from other investors that included Leonardo DiCaprio, Tobey Maguire, Adam Levine, Scooter Braun, Pritzker Group Venture Capital, New Enterprise Associates, Lerer Hippeau Ventures and Norwest Venture Partners. In conjunction with the funding, Dennis Phelps of IVP has been named a board observer.

VC-backed AppDynamics names Scott to board

Application intelligence provider AppDynamics has added David Scott to its board. Scott was a senior vice president and general manager of HP‘s global storage business. He is also the former president and CEO of 3PAR. AppDynamics’ backers include Battery Ventures, ClearBridge Investments, Sands Capital, Greylock Partners, Lightspeed Venture Partners, Kleiner Perkins Caufield & Byers and Institutional Venture Partners.

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Snapchat raises another $537.6 mln

Snapchat has raised another $537.6 million since February, according to an SEC filing. The video messaging app has its sight set on raising another $112.4 million.

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DFJ Growth leads investment in Sumo Logic

Sumo Logic, a provider of a data analytics platform, announced it has raised $80 million in a late-stage round led by DFJ Growth. New investor Institutional Venture Partners also participated in the funding, which included existing investors Greylock Partners, Sequoia Capital, Sutter Hill Ventures and Accel Partners. The Redwood City, Calif.-based company has now raised $160.5 million in total funding.

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VC-backed HomeAway invests in Turkish vacation rental site Flat4Day

HomeAway Inc, a Austin, Texas-based online marketplace for vacation rentals, has acquired a minority stake in Flat4Day for $2 million. Based in Turkey, Flat4Day is a vacation rental website. HomeAway is backed by Austin Ventures, Redpoint Ventures, Institutional Venture Partners, Trident Capital, American Capital, Technology Crossover Ventures and Google Ventures.

App Annie buys VC-backed Mobidia

According to a blog post on its site, App Annie has acquired Canadian mobile measurement company Mobidia. No financial terms were disclosed. App Annie’s backers include Institutional Venture Partners, Sequoia Capital, Greycroft Partners and IDG Capital Partners while Mobidia’s backers include BDC Venture Capital, British Columbia Discovery Fund and B.C. Advantage Funds. To read the announcement, visit here.

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IVP adds Loverro

Thomas Loverro, who previously was a principal at RRE Ventures, has joined Institutional Venture Partners as a vice president. At IVP, which recently closed its largest ever fund at $1.4 billion, Loverro will focus on later-stage, high-growth consumer and enterprise companies. At RRE, Loverro worked on such investments as Avant, Base, CollectiveHealth, CoverHound, OnDeck and Trumaker, among others.

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Xplore closes buy of VC-backed Motion Computing

Xplore Technologies Corp. has completed its previously announced acquisition of substantially all of the assets of Austin, Texas-based Motion Computing Inc, a maker of rugged tablet PCs. The value of the transaction is about $9 million, which includes $7 million in net liabilities. Motion Computing’s backers included New Enterprise Associates, Institutional Venture Partners and G-51 Capital.

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IVP leads Series B funding of new video service Vessel

Institutional Venture Partners has led a $57.5 million Series B funding round in Vessel, a new video service that launched in recent weeks. Vessel’s current investors Benchmark Capital, Greylock Partners and Bezos Expeditions all participated in the round. The San Francisco-based company, co-founded by former Hulu executives Jason Kilar and Richard Tom, previously raised $75 million in funding.

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IVP adds two to its investment team

Institutional Venture Partners announced two new additions to its investment team. Roseanne Wincek joins IVP as a vice president and will focus on investing in later-stage, high-growth consumer and enterprise companies. She previously was a principal at Canaan Partners. Also, Alexander Lim joins IVP as an associate and will focus on identifying and evaluating later-stage enterprise software, Internet and mobile investments. Prior to IVP, Lim worked at Credit Suisse.

155 Views

KPCB leads Series C round for Ayasdi

Menlo Park, California-based Ayasdi, a provider of machine intelligence software, has secured $55 million in Series C funding. Kleiner Perkins Caufield & Byers led the round with participation from Institutional Venture Partners, Khosla Ventures, FLOODGATE, Citi Ventures, Centerview Capital Technology and Draper Nexus.

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IVP prepares to close its 15th fund, Fogelsong to scale back part-time–VCJ

Institutional Venture Partners plans to hold a first and final close for its 15th flagship fund on April 21, according to a GCM Grosvenor Private Markets report included in Los Angeles County Employees Retirement Association meeting materials. The firm set a $1.2 billion target and $1.4 billion hard cap on Institutional Venture Partners Fund XV.

153 Views

Dataminr scores $130 mln

Dataminr, a  real-time information discovery company, has secured $130 million in funding. Fidelity Management & Research Company led the round with participation from other investors that included Wellington Management Company LLP, Credit Suisse NEXT Investors, Venrock and Institutional Venture Partners.

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Pindrop Security scores $35 mln Series B

Atlanta-based Pindrop Security, a provider of phone fraud prevention and call center authentication solutions, has closed $35 million in Series B financing. Institutional Venture Partners led the round with participation from return backers Andreessen Horowitz, Citi Ventures, Felicis Ventures, Redpoint Ventures and Webb Investment Network. In conjunction with the funding, Somesh Dash, a general partner at IVP, will join Pindrop Security’s board of directors.

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Alternative lender SoFi snags $200 mln Series D

Alternative lender Social Finance Inc has raised $200 million in Series D funding. Third Point Ventures led the round with participation from other investors that included Wellington Management Company LLP and Institutional Venture Partners. Goldman Sachs was the placement agent.

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