Bitcoin wallet startup Xapo picks up $20 mln

By Iris Dorbian — 1 year ago

Xapo, a bitcoin wallet startup in Palo Alto, Calif., has secured $20 million in Series A-1 funding, the company announced in a blog post on its site. Greylock Partners and Index Ventures led the round with participation from other investors that included Emergence Capital Partners, Max Levchin, co-founder of PayPal, and Jerry Yang, founding partner of AME Cloud Ventures and co-founder of Yahoo!. In addition to the funding, Reid Hoffman and Mike Volpi have been added as Xapo’s board observers. To read further details about the funding, visit here.


Branson and Levchin back crowdfunding platform Indiegogo

By Iris Dorbian — 2 years ago

San Francisco-based crowdfunding platform Indiegogo said Tuesday that it has secured new undisclosed funding from investors that include Virgin Group founder Sir Richard Branson and Affirm CEO Max Levchin. Other investors include Dan Benton, CEO of Andor Capital Management and Tim Draper, founding partner at Draper Fisher Jurvetson. Indiegogo is backed by Institutional Venture Partners, Kleiner Perkins Caufield & Byers, Insight Venture Partners, MHS Capital, Metamorphic Ventures and ff Venture Capital.


TransferWise Raises $1.3M From IA, Index, Max Levchin, Others

By Mark Boslet — 4 years ago

TransferWise said it raised seed funding of $1.3 million in a round led by IA Ventures, Index Ventures, PayPal co-founder Max Levchin and a group of strategic angel investors. The company operates a crowd-sourced money transfer service. PRESS RELEASE Game-changing money transfer service TransferWise lands 1.3 million dollars from leading smart finance investors London, United […]


Cherry Launches, Offers First 100 peHUB Readers a Free Car Wash

By Connie Loizos — 4 years ago

Last week, I mentioned how much I like the brand Cherry, a San Francisco-based startup whose app allows users to order a car wash, wherever their car is parked, for $29. Yet the attraction goes beyond the name. I think the company –which officially launched today, backed by $750,000 in seed funding from PayPal co-founder Max Levchin, Square […]


Week’s Top 10 Posts Focus on Self-Loathing VCs, UC’s IRRs and Odd Gifts to CalPERS’ Staffers

By Lawrence Aragon — 4 years ago

Time to catch up on the stories your colleagues found most compelling on peHUB this week. Here are the top 10 posts that garnered the most pageviews from regular readers from Sept. 12 to this morning, Sept. 16.

ONE Sequoia’s Doug Leone to Mike Arrington: Why You Want to Be a VC is Beyond Meby Connie Loizos
TWO Top 10 IRRs from University of California’s Mid-Decade Venture Binge (Slideshow)by Mark Boslet
THREE Slideshow: Dealt a Bad Hand?by Jonathan Marino
FOUR Vinod Khosla: ‘I Don’t Much Like the Venture Profession’by Connie Loizos
FIVE VC Icon Tom Perkins Takes Swipe at Kleiner Perkins’ Big Bets on Cleantechby Sarah McBride, Reuters
SIX Slideshow: Venture Capital’s Biggest Flopsby Joanna Glasner
SEVEN AOL Makes It Official: Arrington Is Out (slideshow)by Lawrence Aragon
EIGHT Slideshow: 16 Alleged CalPERS Gift-Violators Face Finesby Gregory Roth
NINE Study: Need a Fast Flip? Don’t Change the Management Teamby Connie Loizos
TEN Thiel and Levchin Offer ‘Blueprint’ for Solving Innovation Crisisby Joanna Glasner


Thiel and Levchin Offer ‘Blueprint’ for Solving Innovation Crisis

By Joanna Glasner — 4 years ago

Despite what the popular media may tell you, innovation in the United States is somewhere between dire straits and dead. That’s the notion Max Levchin says motivated him and co-author Peter Thiel (pictured) to write their upcoming book, “The Blueprint,” slated to come out early next year. The two told attendees of this week’s TechCrunch […]


Raptr Raises $15M Series B Led by DAG Ventures

By PEHub Administrator — 5 years ago

Mountain View, Calif.-based Raptr, a social gaming network, has closed a $15 million Series B rouond, led by DAG Ventures and including Tenaya Capital and previous investor Accel Partners. The company, founded in 2007, had previously raised $12 million, including from Accel and Founders Fund, along with angel investors Max Levchin and James Hong. PRESS RELEASE: […]


Meet WePay, the Startup That’s Been Trying to Ice PayPal

By Connie Loizos — 5 years ago

Monday night, employees of the 2-year-old online payment service WePay fashioned a 600-pound block of ice that read, “PayPal Freezes Your Accounts.” Tuesday morning, they rolled it in front of San Francisco’s Moscone Center, set it down, and ran as fast they could, pushing the pallet they’d brought along with them. They didn’t get far […]