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Legal research site Casetext fetches $7 mln

Legal research website Casetext has secured $7 million in Series A funding. Union Square Ventures led the round with participation from Formation 8 and former Thomson Reuters CEO Tom Glocer. In addition to the funding, John Buttrick, a partner at Union Square Ventures, has been added to Casetext’s board.

Venture funds rake in $5.6 bln for fourth quarter 2014 – Thomson Reuters/NVCA

According to a report issued by Thomson Reuters and the National Venture Capital Association, U.S. venture firms raised $5.6 billion from 75 funds during the fourth quarter of 2014. This figure marked an increase of 14 percent versus the number of funds raised during the the third quarter of 2014. Yet it was a nine percent decrease by dollar commitments. However, for the entire year of 2014, venture firms racked up $29.8 billion from 254 funds, a 69 percent increase by dollar commitments as opposed to 2013. This was the strongest annual period for fundraising dollars since 2007. To read the release about the report, visit here.

 

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VC-backed IPOs racked up $4.4 bln in Q4 ’14 – Thomson Reuters/NVCA

According to a report issued by Thomson Reuters and the National Venture Capital Association, 27 venture-backed IPOs raised $4.4 billion for the fourth quarter of 2014. This figure marks an 18 percent increase from the third quarter of ’14 as well as a 68 percent increase, in terms of dollars, versus the previous quarter.

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LPs rejoice! Free benchmarks are now available from Bison

Less than a year after Thomson Reuters outsourced its benchmarking to Cambridge Associates, Bison has introduced a series of free benchmarks to help institutional investors determine how the performance of a single fund measures up against a population of peers.

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Top 10 posts: private equity

Trending in private equity this week: Hellman flies through monster fundraising, CalPERS hires Mahboob Hossain to lead co-investment team and Apax.

chris witkowsky ponders his future
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Top 10 posts: private equity

Trending in private equity news this week: Thomson Reuters puts peHUB on the block (gulp!), tips for making partner at your PE firm, and why a lawyer-turned-PE pro quit to practice law again.

U.S. venture firms raise $7.4 bln from 78 funds in Q2 ’14

According to Thomson Reuters and the NVCA, U.S. venture firms raised $7.4 billion from 78 funds during the second quarter of 2014. The number of funds represents a 42 percent increase from the same period in 2013 as well as a 24 percent increase from the first quarter of 2014. Also, the number of funds that raised capital during the second quarter of 2014 hit a seven-year high since the fourth quarter of 2007 when 83 funds raised capital for venture investing.

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Israel-based startup Curiyo grabs $1.9 mln

Curiyo has received $1.9 million in seed funding. The investors included OurCrowd, Cedar Fund, Morton Meyerson of 2M, Kima Ventures, former Thomson Reuters CEO Tom Glocer, Gigi Levy and JumpSpeed Ventures. In conjunction with the funding, Glocer has been added to Curiyo’s advisory board. Based in Jerusalem, Curiyo is a content discovery and curation tool.

ShopKeep racks in $25 mln

ShopKeep has raised $25 million in Series C funding. Thayer Street Partners led the round with participation from Canaan Partners, Tribeca Venture Partners, TTV Capital, Contour Venture Partners, former Thomson Reuters CEO Tom Glocer and Matt Coffin, founder of LowerMyBills. Headquartered in New York City, ShopKeep is a provider of cloud-based point of sale software for managing retail shops and restaurants.

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Khosla Ventures and ex-Citigroup CEO Pandit back Fundbox

San Francisco-based risk engine creator Fundbox has raised $17.5 million in funding. Khosla Ventures led the round with participation from investors that included SV Angels, former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer.

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Thomson Reuters partners with Cambridge Associates on benchmark data

Thomson Reuters has struck a deal with consulting firm Cambridge Associates to provide the latter’s private equity benchmarking data to subscribers of the Thomson Reuters Eikon service. Thomson Reuters (publisher of peHUB) and its predecessors, including Venture Economics, collected and published buyout and venture capital return data and statistics for more than two decades.

VC-Backed IPOs Show Improvement in Q2 – NVCA Report

Twenty-one venture-backed IPOs raised $2.2 billion during the second quarter, more than double the volume and dollars compared to the first quarter of this year, according to a report by the National Venture Capital Association and Thomson Reuters (publisher of peHUB). Year to date, 29 VC-backed companies have gone public, raising about $2.9 billion. That compares to 29 VC-backed companies that raised $18.8 billion via initial public offerings in the first two quarters of last year.

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