Path sells to Daum Kakao

San Francisco-based Path Inc, which was rumored to be an acquisition target of Apple last fall, has been scooped up by the South Korean Internet corporation Daum Kakao. Path founder CEO Dave Morin, a former Apple employee, blogged about the sale late Thursday.


VC-backed ClearStory Data hires Yahoo’s Howes as CTO

Menlo Park, California-based data intelligence solutions provider ClearStory Data has named Dr. Timothy A. Howes as its chief technology officer. Previously, Howes worked at Yahoo where he served as vice president of engineering. ClearStory Data is backed by Andreessen Horowitz, DAG Ventures, Google Ventures, Khosla Ventures and Kleiner Perkins Caufield & Byers.


Farmers Business Network reaps $15 million

San Carlos, California-based Farmers Business Network, a farmer-to-farmer information network, has received $15 million in funding. Google Ventures led the round with participation from Kleiner Perkins Caufield & Byers and DBL Investors. In addition to the funding, Google Ventures General Partner Andy Wheeler has been added to FBN’s board of directors.

VC-backed HYLA appoints Nair as president and CEO

Texas-based HYLA Inc, a provider of mobile device trade-in and reuse solutions, has named Biju Nair as president and CEO. Previously, Nair worked at Synchronoss Technologies, Inc where he served as executive vice president and chief corporate strategy officer. Nair’s appointment as president of HYLA was made earlier this year. HYLA’s backers include Kleiner Perkins Caufield & Byers, Silver Lake and OpenAir Equity Partners.


IoT startup MODE picks up $775K

San Mateo, California-based MODE Inc, an internet of things platform, has launched and raised $775,000 in funding. The backers include Metamorphic Ventures and Kleiner Perkins Caufield & Byers.

NVCA appoints True Ventures’ Callaghan as chairman

The National Venture Capital Association has named Jon Callaghan chairman of its board of directors. A founder and general partner of True Ventures, Callaghan is succeeding Scott Sandell, general partner of New Enterprise Associates. In addition to this appointment, ten new board members were announced at NVCA’s annual meeting held in San Francisco. Among them are Mike Carusi, general partner of Lightstone Ventures; Jeff Clavier, founder and managing director of SoftTech VC; Michael Dixon, a partner at Sequoia Capital; and Mary Meeker, a partner at Kleiner Perkins Caufield & Byers.


SessionM scores $12 mln

Boston-based SessionM, a consumer loyalty and engagement platform provider, has secured $12 million in funding. Causeway Media Partners led the round with participation from NTT Docomo Capital, Commerce Ventures, Highland Capital Partners, Charles River Ventures and Kleiner Perkins Caufield & Byers.

The Time Warner Cable office is shown in Carlsbad

peHUB Second Opinion

In Second Opinion, Former Hewlett-Packard CEO Carly Fiorina plans to launch herpresidential campaign on May 4, Netsuite says it will pay $200 million to acquire Bronto Software and Comcast reportedly will end its $45 billion takeover of Time Warner Cable.


Shyp rakes in $50 mln Series B

Shipping service Shyp has secured $50 million in Series B funding, the company announced in a blog post on its site. Kleiner Perkins Caufield & Byers led the round with participation from other investors that included Homebrew and Sherpa Ventures. In addition to the funding, John Doerr, a general partner at KPCB, has been added to Shyp’s board of directors. To read more about the funding details, visit here.


Livongo Health rakes in $20 mln Series B

Consumer digital health company Livongo Health has raised $20 million in Series B funding. The investors included Kleiner Perkins Caufield & Byers, DFJ and return backer General Catalyst. In conjunction with the funding, Dr. Beth Seidenberg, a general partner at KPCB and Emily Melton, a partner at DFJ, have been added to Livongo Health’s board of directors.

CoreOS nets $12 mln in Google Ventures-led round

San Francisco-based CoreOS, a provider of open source enterprise solutions for Linux containers, has raised $12 million in funding. Google Ventures led the round with participation from Kleiner Perkins Caufield & Byers, Fuel Capital and Accel Partners.

True North Therapeutics scores $35 mln Series B

San Francisco-based biotech company True North Therapeutics has closed $35 million in Series B funding. OrbiMed led the round with participation from return backers Kleiner Perkins Caufield & Byers, MPM Capital, SR One and Baxter Ventures.


peHUB First Read

First Read kicks off your morning with news of FedEx agreeing to buy TNT for $4.8 billion, restaurant chain Bojangles files for IPO and Rand Paul is the latest politician set to declare his presidential bid.


ZenPayroll nabs $60 mln

San Francisco-based ZenPayroll, an online payroll software provider for small businesses, has raised $60 million in funding. The investors included Emergence Capital Partners, Ribbit Capital, General Catalyst, Kleiner Perkins Caufield & Byers and Google Ventures.


VC-backed IronPlanet and Cat Auction Services merge

IronPlanet and Cat Auction Services have completely merged. No financial terms were disclosed. IronPlanet is an online marketplace for buying and selling used heavy equipment and trucks while Cat Auction Services holds auctions on used heavy equipment. IronPlanet is backed by Accel Partners and Kleiner Perkins Caufield & Byers.

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