Bazaarvoice this morning completed its acquisition of rival PowerReviews in a $168.2 million transaction that creates a powerful social commerce company focused on product reviews. One investor to benefit is Menlo Ventures, which says it logged a 3x return on its investment.Continue
Listed, Texas-based software company Bazaarvoice will spend about $150 million in a deal to acquire PowerReviews, consisting of $31 million and stock and options considerations. PowerReviews is a California-based social commerce company. PowerReviews investors include Menlo Ventures, Four Rivers Group, Woodside Fund, Draper Richards and Tenaya Group. PRESS RELEASE: Bazaarvoice, Inc. Signs Definitive Agreement to […]Continue
Zenverge Inc., the California-based multimedia solutions company, has completed a $20.5 million Series D round led by strategic investor Entropic Communications. New investors CID Group and the Woodside Fund also participated in the round. Other investors, including DCM, Norwest Venture Partners, Motorola Mobility Ventures, and Battery Ventures, also participated in the funding. Patrick Henry, president and CEO of Entropic Communications, to its board of directors.Continue
Santa Clara, Calif.-based Intelleflex has raised $9 million in what it says is an extension to its Series A round. Investors include Third Point Ventures, Arcapita Ventures, New Venture Partners and the Woodside Fund. The company, which develops on-demand data visibility, will use the money to expand in the fresh produce and pharmaceutical cold chain as well as the asset tracking and personnel monitoring markets, the company said in a release. Rob Schwartz, managing partner at Third Point Ventures, will join the Intelleflex board.Continue
Kelly Porter, a managing director at Woodside Capital Fund in Palo Alto, may not have a brand name in the venture industry, but he may own one of the nicest houses — at least, until he manages to sell it.
Porter, who focuses on media, consumer software and enterprise software startups, bought his 30,000-square-foot Tudor mansion — nestled on nearly eight acres in Los Altos Hills — back in 1999 for $5 million. Now, as the LA Times reports, he’s trying to sell it for $38 million, down from its summer listing price of $45 million. (He and his ex-wife apparently poured tens of millions of dollars into the estate’s renovation.) He’s not lowering the listing price again, either, says his agent, though Porter is willing to “consider less,” she says.Continue