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.


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.


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.


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.”

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.


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.


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.


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.


Collective Health snags $38 mln Series B

San Mateo, California-based Collective Health, a self-insurance platform provider, has raised $38 million in Series B funding. Founders Fund and New Enterprise Associates led the round with participation from Formation 8, Redpoint Ventures, RRE Ventures, Subtraction Capital and Rock Health. magnet

Zuora attracts $115 mln from Wellington, BlackRock, Passport, others

Zuora said it raised a $115 million Series F round of financing in a deal that brought in new investors Wellington Management Company, BlackRock, Premji and Passport Capital. Existing investors Benchmark Capital, Greylock Capital, Redpoint Ventures, Index Ventures, Shasta Ventures, Vulcan Capital, Next World Capital, Workday co-founder Dave Duffield and Salesforce CEO Marc Benioff joined the round.


On-demand parking service Luxe fetches $20 mln

San Francisco-based on-demand parking service Luxe has received $20 million in Series A funding. The investors were Venrock and Redpoint Ventures. In addition to the funding, Brian Ascher of Venrock and Ryan Sarver of Redpoint Ventures have been appointed to Luxe’s board of directors. Also, Luxe has hired Ro Choy as chief business officer.


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.


Springpath seals $34 mln

Sunnyvale, California-based Springpath, a provider of enterprise-grade storage and data management software, has raised $34 million from Sequoia Capital, New Enterprise Associates and Redpoint Ventures. Springpath has been in stealth mode since May 2012.


APUS Group nets $100 mln Series B

Chinese Android application developer APUS Group has closed $100 million in Series B funding. Chengwei Capital, SIG and Qiming Venture Partners led the round with participation from return backers Redpoint Ventures and Northern Light Venture Capital.


Khosla Ventures leads $22 mln round for Scribd

Subscription book service Scribd has received $22 million in funding. Khosla Ventures led the round with participation from other investors such as Redpoint Ventures, Charles River Ventures and Silicon Valley Bank. In addition to the financing, Keith Rabois has been added to Scribd’s board as an observer.

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