Thoma Bravo buys iPipeline

Thoma Bravo has acquired Exton, Pennsylvania-based iPipeline, a tech provider of cloud-based software solutions for the life insurance sector. The sellers were NewSpring Capital, Technology Crossover Ventures and Volition Capital. No financial terms were disclosed. Golub Capital and Ares Capital Corp provided funding for the deal. Credit Suisse was the lead financial advisor to iPipeline on the transaction while Bank of America Merrill Lynch and William Blair served as co-advisors.


TraceLink rakes in $20 mln

Wakefield, Massachusetts-based TraceLink, a provider of patient safety solutions for life sciences, has closed $20 million in funding. Volition Capital led the round with participation from other investors that included Fidelity Biosciences and FirstMark Capital.


Insite Software raises $15 mln from Volition Capital

Volition Capital has provided $15 million to Insite Software, which provides B2B commerce platforms and data-driven solutions for manufacturers and distributors. In addition to the investment, Roger Hurwitz, a managing partner at Volition Capital, has been added to Insite’s board of directors.


VC-backed Ensighten buys marketing analytics firm Anametrix

Ensighten has acquired Anametrix, a San Diego-based provider of marketing analytics. No financial terms were disclosed. Ensighten is backed by Insight Ventures, Volition Capital, LeadEdge Capital and FLOODGATE while Anametrix’s investors included TVC Capital.


The Resumator bags $15 mln

The Resumator has closed $15 million in financing. Volition Capital led the round with participation from Rincon Venture Partners, Birchmere Ventures, Blue Cloud Ventures and Riverfront Ventures. Based in Pittsburgh and San Francisco, The Resumator is a recruiting platform for small businesses and growing enterprises.


VC-backed Ensighten buys TagMan

Ensighten, which is backed by Insight Venture Partners, Volition Capital, LeadEdge Capital and FLOODGATE, has acquired TagMan. No financial terms were disclosed. Based in London and New York, TagMan is a tag management and marketing data platform.

Prosper Names Former Charles Schwab Executive CTO

Peer-to-peer lending marketplace Prosper has appointed Scott Strait as chief technology officer. Prosper has raised $80.9 million in venture capital and is backed by investors including Accel Partners; Larry Cheng of Volition Capital; David Silverman of Crosslink Capital; Court Coursey of TommorrowVentures; Timothy Draper of Draper Fisher Jurvetson; Capital One Co-founder Nigel Morris of QED Investors; Eric Schwartz; DAG Ventures; Mertiech Capital and Omidyar Network.

Visual IQ Gets Backing from Volition and Fog City

Marketing intelligence software provider Visual IQ has received $12 million in funding from Boston-based Volition Capital and existing investor San Francisco-based Fog City Capital. The new funds will be used for the company’s product innovation and sales growth. PRESS RELEASE Cross channel marketing intelligence software provider Visual IQ today announced that it has received $12 […]

Technology Crossover Ventures Backs iPipeline

Technology Crossover Ventures has put an undisclosed amount into iPipeline, a provider on-demand marketing, selling and processing technology. As a result, Technology Crossover Ventures general partner Robert Trudeau will join iPipeline’s board. iPipeline is also backed by NewSpring Capital and Volition Capital.


Larry Cheng: When the Majority Is Wrong

Despite the fact that often times the majority rules, that doesn’t mean the majority is right. The most poignant example comes from a premier venture capital firm I once worked for. One of the opportunities they gave their investment professionals was the opportunity to invest personally and on a discretionary basis in each round of […]

Volition Capital Adds Jake Colognesi to Team

Jake Colognesi has joined Volition Capital, a technology-oriented growth equity and venture capital firm, as a senior associate. He will focus on software, technology-enabled services and Internet investments. He worked previously as an associate at Fidelity Ventures.

Volition Capital Promotes Sean Cantwell to Partner

Boston-based venture firm Volition Capital has promoted Sean Cantwell to the post of partner, focusing on software, technology-enabled services and Internet investments. Cantwell presently sits on the boards of Volition portfolio companies iPipeline, G5 Search Marketing, Ping Identity and EnterpriseDB. Before joining Volition, Cantwell was a vice president at Fidelity Ventures. He began his career at Arthur Andersen and has degrees from the University of Notre Dame and Harvard Business School.

Ping Identity Calls Up $21M in New VC

Cloud identity security company Ping Identity has closed on $21 million in fresh capital, the company announced Tuesday. Triangle Peak Partners, Silicon Valley Bank, and existing investors Appian Ventures, Draper Fisher Jurvetson, General Catalyst Partners, SAP Ventures and Volition Capital provided the round. The infusion will be used to accelerate development and to bolster sales efforts. Ping Identity is based in Denver.

Prosper Adds $17M, New Backers DFJ & Crosslink

Social lending website Prosper.com has added $17 million in new funding from new investors Draper Fisher Jurvetson and Crosslink Capital, as well as return backers Accel Partners, CompuCredit, Omidyar Network, TomorrowVentures, and Volition Capital. As a result of the round, Tim Draper, founder and managing director of Draper Fisher Jurvetson, and Crosslink General Partner Jerome Contro will join the Prosper board. To date, Prosper has raised $74.85 million in venture capital.


Personal Trading of Shares by VCs on Secondary Exchanges Raises Concerns of Conflicts of Interest

The trading of private company shares in the personal accounts of venture capitalists is raising concerns over potential conflicts of interest for firms as the influence of secondary market exchanges continues to grow.

Numerous venture firms permit employees’ trading in secondary market shares with some limitations, including Lightspeed Venture Partners, Bessemer Venture Partners, YCombinator, Matrix Partners, Founder Collective, Blackberry Partners Fund, Volition Capital and Rho Ventures, according to a peHUB investigation into the practice.

Others — which appear far fewer in number — such as Flybridge Capital Partners, block the practice with policies demanding general partners hold no secondary securities. Many more VC firms refused to comment at all, when peHUB contacted senior partners.

(How do you feel about this issue? Take our poll at the end of this story.)

Sources at firms willing to acknowledge they prohibit GPs from making secondary market investments cited conflict of interest concerns when asked by peHUB.com.

G5 Names Vogt Senior VP of Sales and Services

G5, which is backed by Volition Capital, said Tuesday that it has named Ilene Vogt the senior VP of sales and services. Bend, Ore.-based G5 provides vertical-specific local marketing services for mid-market companies.

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