Shasta leads funding in Boomerang Commerce

By Alastair Goldfisher — 4 weeks ago

Mountain View, Calif.-based Boomerang Commerce, which provides smart pricing solutions for retailers, has raised $12 million in a Series B funding round led by Shasta Ventures. Existing investors Madrona Venture Group and Trinity Ventures also participated in the round. The company has now raised $20.5 million in total funding.

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TigerText reels in $50 mln

By Iris Dorbian — 3 months ago

Santa Monica, California-based TigerText, a provider of secure communications and workflow platform for the enterprise, has raised $50 million in Series C funding. Norwest Venture Partners led the round with participation from Invus Group, Accolade Partners, Shasta Ventures, OrbiMed and Reed Elsevier. In addition to the funding, Dr. Robert Mittendorff, a principal at Norwest Venture Partners, has been added to TigerText’s board of directors.

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Car rental marketplace Turo drives away with $47 mln Series C

By Iris Dorbian — 3 months ago

Car rental marketplace Turo (formerly known as RelayRides) has secured $47 million in Series C funding. Kleiner Perkins Caufield & Byers led the round with participation from return backers August Capital, Canaan Partners, Google Ventures, Shasta Ventures and Trinity Ventures. In conjunction with the funding, Turo has added Brook Porter of KPCB to its board of directors. PRESS RELEASE […]

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Porch acquires VC-backed Fountain

By Iris Dorbian — 3 months ago

Porch.com has bought San Francisco-based Fountain, an app that connects homeowners to experts on home and garden projects. In addition to the funding, Porch has hired Eric Doerr as chief product officer and Jim Dantzler as vice president of design. No financial terms were disclosed. Fountain’s backers included Shasta Ventures and First Round Capital.

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Accel Partners leads Series A round for Neumob

By Iris Dorbian — 4 months ago

Neumob, which speeds up mobile apps, has raised $8.5 million in Series A funding. Accel Partners led the round with participation from other investors that included Shasta Ventures, Eniac Ventures and Lightbank Ventures. In addition to the funding, Rich Wong, a partner at Accel, has been added to Neumob’s board.

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NEA, Shasta co-lead funding in LearnUp

By Alastair Goldfisher — 5 months ago

San Francisco-based LearnUp, which operates a job training and placement platform, said it has raised an $8 million Series A round of funding co-led by New Enterprise Associates and Shasta Ventures. Greylock Partners, Floodgate and High Line Venture Partners also participated in the round.

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IBM purchases venture-backed StrongLoop

By Alastair Goldfisher — 5 months ago

IBM announced on Thursday it has acquired San Mateo, Calif.-based StrongLoop, a provider of software to help developers connect enterprise applications to mobile, Internet of Things and Web applications in the cloud. Terms of the acquisition were not disclosed, but StrongLoop had raised $9 million in funding, including an $8 million Series A round of funding from Shasta Ventures and Ignition Partners in September 2013.

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RelayRides buys VC-backed SocialStudio

By Iris Dorbian — 5 months ago

Car-sharing marketplace RelayRides has acquired SocialStudio, a maker of mobile apps JumpCam and FADE. No financial terms were disclosed. RelayRides’s backers include Canaan Partners, Google Ventures, August Capital, Shasta Ventures and Trinity Ventures while SocialStudio was backed by Trinity Ventures and Google Ventures.

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Tenaya Capital leads $50 mln round for Doctor on Demand

By Iris Dorbian — 8 months ago

San Francisco-based Doctor on Demand, which provides video visits with board-certified physicians via smartphones, tablets and desktop computers, has secured $50 million in Series B funding, the company announced in a blog post on its site. Tenaya Capital led the round with participation from other investors that included Qualcomm Ventures, Dignity Health, Shasta Ventures and Sir Richard Branson. To read the post, visit here.

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LiveIntent scores $32.5 mln

By Iris Dorbian — 8 months ago

New York e-mail marketing company LiveIntent has secured $32.5 million in funding. FTV Capital led the round with participation from other investors that included Battery Ventures, First Round Capital and Shasta Ventures. In addition to the funding, Liron Gitig, a partner at FTV, has been added to LiveIntent’s board of directors.

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Fetch Robotics nabs $20 mln Series A

By Iris Dorbian — 8 months ago

San Jose, California-based Fetch Robotics, which is building robots for the logistics sector, has secured $20 million in Series A funding. SB Group US Inc led the round with participation from other investors that included O’Reilly AlphaTech Ventures and Shasta Ventures. Also, SoftBank’s Kabir Misra has been named to Fetch Robotics’ board of directors.

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VC-backed Zuora buys Frontleaf

By Iris Dorbian — 9 months ago

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.

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Adam Street Partners leads $38 mln round for Smule

By Iris Dorbian — 10 months ago

Musical performance social network Smule has secured $38 million in funding. Adam Street Partners led the round with participation from other investors that included Bessemer Ventures and Shasta Ventures. City National provided the debt financing for the transaction. In conjunction with the funding, Adams Street’s Dave Welsh has been appointed to Smule’s board.

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Scale Venture, Next World lead $15 mln funding in Aviso

By Chris Witkowsky — 10 months ago

Scale Venture Partners and Next World Capital have led a $15 million Series B funding in Aviso, which makes software for sales management, operations and forecasting. Other participants in the funding include Shasta Ventures, First Round Capital, Bloomberg Beta and Cowboy Ventures, as well as existing angel investors. Stacey Bishop from Scale Venture Partners and Craig Hanson from Next World will join Aviso’s board. The funding brings Aviso’s total capital raised to $23 million.

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Socratic nets $6 mln Series A

By Iris Dorbian — 11 months ago

New York City-based education company Socratic has secured $6 million in Series A funding. Shasta Ventures led the round with participation from Spark Capital and Omidyar Network. According to the company, the capital infusion will be used for growth.

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