Joanna Glasner
LendingClub, operator of a peer-to-peer site for personal loans, has sold a minority stake to Google in a transaction that values the fast-growing startup around $1.5 billion.
Venture-backed companies in the genomic sequencing and analysis space have seen a few big financings and acquisitions in recent months. But for the most part, life science fundraising s as challenging as ever, says Roopom Banerjee, whose company, RainDance Technologies, just closed a $20 million late-stage round.
After selling Miami-based data center Terremark to Verizon for $1.4 billion, Manny Medina is building up a venture fund. He’s finding not a lot of local competition – which is something he’d like to change.
Kickstart Seed Fund has closed on a $26 million second fund focused on early stage technology investments in Utah. That is more than twice the amount that Managing Director Gavin Christensen raised for his first fund in 2008. He has added Clarke Miyasaki as a GP and Alex Soffe as CFO to help manage the fund.
What happens when a late stage investor is willing to buy a chunk of your portfolio company at a higher valuation than a strategic acquirer?That’s the conundrum many VCs have faced in recent quarters.
The year got off to a very slow start for venture-backed exits, according to a new report from Thomson Reuters and the National Venture Capital Association.
Politicians and the press have been talking a lot in recent months about improving prospects for the U.S. manufacturing sector and those it employs. But among venture capitalists, software still rules the day, probably now more than ever.
Maven Ventures Growth Labs, an early stage investor and incubator for consumer mobile and social startups, is raising $5 million for a new fund, according to a securities filing.
San Francisco-based early stage investor Accelerator Ventures is seeking $25 million for a planned second fund, according to a securities filing.
Shares of Xoom, a provider of online international money transfers, shot up more than 40% in first-day trading after pricing above their projected range. The offering should be particularly lucrative for Xoom’s largest shareholders, Sequoia Capital and New Enterprise Associates.