VC-backed Avalara recruits Falle as North American channel chief

Bainbridge Island, Washington-based Avalara, which provides software for sales tax and other transactional tax compliance, has hired Patrick Falle as North American channel chief. Previously, Falle worked at Imperva where he served as director of sales and was a founding employee. Avalara’s backers include Sageview Capital, Battery Ventures, Warburg Pincus, Technology Crossover Ventures and Arthur Ventures.

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TCV leads $100 mln round for WorldRemit

London-based online money transfer service WorldRemit has secured $100 million in Series B funding. Technology Crossover Ventures led the round with participation from previous backer Accel Partners. William Blair advised TCV on the transaction. In addition to the funding, TCV’s John Rosenberg has been added to WorldRemit’s board.

VC-backed Elevate appoints COO

Online credit solutions provider Elevate has named Jason Harvison as chief operating officer. Previously, Harrison was the company’s chief product officer. Elevate’s backers include Sequoia Capital and Technology Crossover Ventures.

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Avalara nets $42 mln

Avalara Inc, which provides cloud-based software for sales tax and other transactional tax compliance, has raised $42 million in funding. The investors included Technology Crossover Ventures and Warburg Pincus.

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TCV promotes two to GP and one to principal

Technology Crossover Ventures has promoted Ted Coons and Daniel O’Keefe to general partners and Sean Giese to principal. Coons and O’Keefe are based in New York while Giese is in the firm’s Palo Alto, Calif. headquarters. Prior to joining TCV, Coons was a managing director at Blackstone; O’Keefe was a principal at North Bridge and a senior vice president at Pequot Capital; and Giese worked at Deutsche Bank in the tech M&A group.

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Rent the Runway walks away with $60 mln Series D

Rent the Runway, which provides rentals of designer clothes, has raised $60 million in Series D funding. Technology Crossover Ventures led the round with participation from Bain Capital Ventures, Highland Capital Partners and Condé Nast parent company Advance Publications. In addition to the financing, Daniel O’Keefe, a general partner at TCV, has been appointed to Rent the Runway’s board.

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TCV leads $56.7 mln round for ThinkingPhones

Technology Crossover Ventures has led a $56.7 million Series D round for Thinking Phone Networks. The round also includes funding from existing investor Bessemer Venture Partners. Cambridge, Mass-based Thinking Phones provides technology that aims to unify voice, text and conferencing services on a single cloud platforms.

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Design marketplace Minted attracts $38 mln

San Francisco-based design marketplace Minted has received $38 million in funding. Norwest Venture Partners led the round with participation from Technology Crossover Ventures. In addition to the funding, the firm has appointed Toby Lenk to its board of directors.

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Minted scores fresh funding from Norwest, TCV

Minted, which provides a marketplace for graphic design and content, has raised $38 million in a Series D round of funding. Norwest Venture Partners led the round and was joined by Technology Crossover Ventures. San Francisco-based Minted has now raised more than $90 million in total funding. Previous investors include Benchmark Capital, IDG Ventures, Menlo Ventures, Eventbrite co-founders Kevin and Julia Hartz, Yahoo CEO Marissa Mayer, Reddit CEO Yishan Wong, and Yelp co-founder and CEO Jeremy Stoppelman, among others.

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Dollar Shave Club nets $50 mln Series C

According to a company spokesperson, Venice, Calif.-based men’s lifestyle brand Dollar Shave Club has closed $50 million in Series C funding. Technology Crossover Ventures led the round with participation from Forerunner Ventures and Venrock.

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TCV, Longitude, LLR funds stand out at Colorado PERA: VCJ

Gains came slowly last year to the Colorado Public Employees’ Retirement Association’s venture portfolio, with the LP continuing to demonstrate a tepid approach to the asset class, affiliate magazine Venture Capital Journal reported.

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LPs warm up to venture: VCJ

Near record distributions are bringing limited partners back to the asset class. As fund commitments jump so do capital flows.

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