Y Combinator to do pro-rata follow-on investing

Y Combinator has made its mark as an ambitious, large-class accelerator with kick-off funding for startups. Now it has vowed to make use of its pro-rata rights to fund companies in follow-on rounds that have post-money valuations of $250 million or less, according to a blog post from President Sam Altman.


Agricultural tech start-up FarmLogs pulls in $10 mln

FarmLogs, an agricultural tech start-up in Ann Arbor, Michigan, has received $10 million in Series B funding. The investors include Drive Capital, Huron River Ventures, Hyde Park Venture Partners, SV Angel and Sam Altman.


Eve bags $2.3 mln

Database firm Eve has received $2.3 million in seed funding, the company announced on its site. The investors were Chris Dixon of Andreessen Horowitz, Sam Altman, Tom Pinckney, Sep Kamvar, and Zubair Quraishi. To read more about the funding, visit here.


Video Ad Startup Virool Raises $6.62 Million

Virool, a year-old San Francisco-based video advertising startup, has closed on $6.62 million in funding from a long list of investors in what the company claims is the biggest seed round raised so far by a graduate of the the Y Combinator incubator program. (Virool came out of the program last summer.) The company’s institutional investors include Draper Fisher Juvetson and Menlo Ventures; individuals who contributed to the funding include Paul BuchheitDave McClure, and Yuri Milner.

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