214 Views

Data analytics company Datameer raises $40 mln

San Francisco-based Datameer, a provider of a big data analytics platform, announced it has raised a $40 million round of financing led by ST Telemedia. Joining the round are Top Tier Capital Partners, Kleiner Perkins Caulfield & Byers, Redpoint Ventures, Next World Capital and Software AG. The company has now raised $76 million in total funding. As part of the latest financing, Nikhil Eapen of ST Telemedia has joined the board.

192 Views

Menlo leads $10 mln funding of cloud company Platform9

Sunnyvale, Calif.-based Platform9, a provider of a SaaS solution to make it possible for companies to turn their existing IT infrastructure into a private cloud, has raised $10 million in Series B funding. Menlo Ventures led the round and previous investor Redpoint Ventures also participated. The company, which was founded by a group of former VMware engineers, has now raised $14.5 million in total funding. As part of the round, Mark Siegel, general partner at Menlo, has joined the board, which also includes Scott Raney.

267 Views

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.

112 Views

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.

145 Views

VC-backed Receivables Exchange appoints Toffey as CEO

New York City-based Receivables Exchange, an electronic marketplace that sells accounts receivable, has hired James W. Toffey as CEO. Previously, Toffey worked at GFI. Receivables Exchange is backed by Bain Capital Ventures, Redpoint Ventures, Prism VentureWorks and StarVest Partners.

256 Views

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.

230 Views

Redpoint closes Fund VI at $400 mln–Updated

Redpoint Ventures announced on its blog that it has closed its sixth fund with $400 million in commitments. Fund VI is the same size as its previous vehicle, which closed in 2013. Partner Satish Dharmaraj writes in the blog post that the fund will focus on seed, Series A and Seris B rounds in consumer and enterprise companies.

153 Views

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.”

103 Views

Redpoint Ventures leads $30 mln round for Duo Security

Ann Arbor, Michigan-based Duo Security, a provider of cloud-based access security solutions, has received $30 million in Series C funding. Redpoint Ventures led the round with participation from return backers Benchmark, Google Ventures, Radar Partners and True Ventures.

158 Views

VC-backed HomeAway invests in CanadaStays

HomeAway Inc, a Austin, Texas-based online marketplace for vacation rentals, has made an undisclosed investment in CanadaStays, a Canadian vacation rental website. HomeAway is backed by Austin Ventures, Redpoint Ventures, Institutional Venture Partners, Trident Capital, American Capital, Technology Crossover Ventures and Google Ventures.

138 Views

Hedvig nabs $12.5 mln

Santa Clara, California-based software-defined storage company Hedvig has raised $12.5 million in funding. The investors were Atlantic Bridge Capital, True Ventures and Redpoint Ventures.

107 Views

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.

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