190 Views

Bullpen leads funding round for SendHub

SendHub, which provides a business phone system for mobile devices, announced a $5 million Series B round of funding led by Bullpen Capital. Kapor Capital, Menlo Ventures, Seraph Group and Eric Ries also participated in the round. The Menlo Park, Calif.-based company has now raised $10 million in total funding.

VC-backed IMVU hires product SVP

IMVU has named Stewart Bonn as senior vice president of product. Prior to joining IMVU, Bonn worked at If You Can where he served as chief product officer. Based in Mountain View, Calif., IMVU connects users through customizable avatar-based experiences. It is backed by Menlo Ventures, Allegis Capital, Bridgescale Partners and Best Buy Capital.

243 Views

Ashton Kutcher and Guy Oseary’s A-Grade Investments back Rover

Rover.com has received undisclosed funding from Ashton Kutcher, Guy Oseary and Ron Burkle’s venture fund A-Grade Investments. Headquartered in Seattle, Rover.com is an online community that connects dog owners with dog sitters. It is also backed by Menlo Ventures, Madrona Venture Group, Foundry Group and Petco.

166 Views

EdCast picks up $6 mln Series A

EdCast said Monday that it has closed $6 million in Series A funding. SoftBank Capital led the round with participation from other investors that included Menlo Ventures, Novel TMT Ventures, Cervin Ventures, Aarin Capital, NewSchools Venture Fund/ CoLab and the Stanford StartX Fund. Based in Mountain View, Calif., EdCast provides knowledge cloud platforms for institutions, educators, enterprises and governments to collaborate with each other.

183 Views

Zuli raises $1.65 mln in seed funding from VC group

Smart home company Zuli has raised $1.65 million in seed funding from investors. Participants in the funding round include Menlo Ventures, Winklevoss Capital, Logitech, DeNA, XG Ventures, FreedomPop CEO Stephen Stokols and Hossein Eslambolchi, former chief technology officer of AT&T.

225 Views

vArmour grabs $36 mln

Mountain View, Calif-based stealth security company vArmour said Wednesday that it has secured $36 million in funding. The investors included Menlo Ventures, Columbus Nova Technology Partners and Citi Ventures. In addition to the funding, Pravin Vazirani of Menlo Ventures and Mohsen Moazami of Columbus Nova Technology Partners has been added to vArmour’s board of directors.

195 Views

Storage software company PernixData raises $35 mln from Menlo, KP, Benioff and others

Menlo Ventures led an oversubscribed $35 million Series C funding round for PernixData, a San Jose, California-based provider of software that virtualizes server-side flash to enable scale-out storage performance. The round also included Salesforce CEO Marc Benioff, Silver Lake co-founder Jim Davidson and Seagate CEO Steve Luczo. Previous investors Kleiner Perkins Caulfield and Byers, Lightspeed Venture Partners an individual investors Lane Bess, Mark Leslie and John Thompson also participated. The company has now raised $62 million since it was founded two years ago. As part of the round, Menlo Managing Director Mark Siegel has joined the board in an advisory role.

192 Views

NewSpring leads Series C round for ad tech firm Dstillery

Dstillery said Wednesday that it has secured $24 million in Series C funding. NewSpring Capital led the round with participation from previous backers U.S. Venture Partners, Menlo Ventures and Venrock. In conjunction with the funding, Mike DiPiano of NewSpring has been added to Dstillery’s board. Dstillery is a provider of audience targeting solutions for brands.

shutterstock_141029227
155 Views

SherpaVentures closes $154 mln for first fund

San Francisco-based venture firm SherpaVentures said Thursday that it has raised $154 million in the final close of its oversubscribed debut fund. The focus will be on early-stage tech companies, particularly those in the ecommerce, software and digital media sectors.

132 Views

Vidyo picks up $20 mln

Vidyo said Friday that it has raised $20 million in funding. The investors included Menlo Ventures, Rho Ventures, Sevin Rosen Funds, QuestMark Partners, Saints Capital, Four Rivers Group, ORR Ventures, Triangle Peak Partners and Juniper Networks through its Junos Innovation Fund. Based in Hackensack, NJ, Vidyo is a provider of video conferencing solutions.

105 Views

Avere picks up $20 mln Series D

Avere Systems said Thursday that it has raised $20 million in Series D funding. Western Digital Capital led the round with participation from return backers Lightspeed Venture Partners, Menlo Ventures, Norwest Venture Partners and Tenaya Capital. Based in Pittsburgh, Avere is a provider of hybrid cloud solutions.

JimDawsonMenlo.low res

Former Fusion-io sales exec joins Menlo as venture partner

Menlo Ventures announced on its blog this morning that it has hired Jim Dawson, former chief sales officer of Fusion-io, as venture partner. At Menlo, Dawson will look focus on storage and infrastructure. Dawson joined Fusion-io in 2009 and left in late 2013, according to his LinkedIn profile. Before Fusion-io, he was with 3PAR and Scale8 before that.

top 10 gray & red shutterstock_121959277
155 Views

Top 10 posts

Trending on peHUB this week: Some big exits and improving fund returns have put venture capital back into the spotlight.

PE HUB Community

Join the 12515 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

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget