Mark Boslet
Australian startup 99designs said Thursday it raised a Series A investment of $35 million led by Accel Partners and joined by angel investors Michael Dearing of Harrison Metal, Dave Goldberg of Survey Monkey, Flickr co-founder Stewart Butterfield and Squarespace founder Anthony Casalena. The company runs an online marketplace for crowdsourced graphic design services. The investment […]
SitterCity of Chicago raised $22.6 million in an expansion round led by Baird Venture Partners and New World Ventures, the venture arm of Chicago’s Pritkzer family. Also joining the financing was Apex Venture Partners, 12A and Point Judith Capital. The Web-based service matches mothers and other customers with caregivers, baby minders and pet sitters and […]
Joichi (Joey) Ito was named director of the MIT Media Lab on Tuesday. Ito was previously chief executive of the venture capital firm Neoteny Co., Ltd., which he founded, and general partner of Neoteny Labs Startup 1, an early-stage investment fund. In 1994 at the age of 28, he founded Eccosys, which eventually became Digital […]
Evolv On-Demand said Tuesday it raised $15.75 million in Series-C financing led by GGV Capital and supported by existing investors Khosla Ventures and Lightspeed Venture Partners. The employee-employer matching site has raised $27.5 million to date. As part of the funding, Jeff Richards, a partner at GGV Capital, will join Evolv’s board of directors PRESS […]
DCM announced Thursday a $100 million Android-focused fund. The A-Fund will focus on startups developing compelling products that take advantage of the rapid growth of Google’s Android operating system. Anchor investors include GREE Inc., Japan’s largest mobile gaming social network, and KDDI Corporation, Japan’s second largest mobile operator. Funding also will come from strategic partner […]
p.p1 {margin: 0.0px 0.0px 14.0px 0.0px; line-height: 19.0px; font: 14.0px Lucida Grande} p.p2 {margin: 0.0px 0.0px 14.0px 0.0px; line-height: 19.0px; font: 14.0px Lucida Grande; min-height: 17.0px} Startup America Partnership said Wednesday it has signed on several new angel partners, including the Angel Capital Association and Angel Resource Institute. The partnership hopes to double the number […]
Hunt Companies, Inc. said Tuesday it formed a new affiliate, WhiteHawk Capital, LLC, to serve as an investment management firm providing capital to fund energy and social infrastructure projects through public-private partnerships with government agencies and utilities. The El Paso company seeks to invest in, or construct and operate renewable energy projects in North America […]
Silicon Valley is tops–no doubt about it. But back East, there’s a fight shaping up for the country’s second-best VC city. However, a close examination of first quarter data show Silicon Valley regained ground as the center of the venture business while New York continued to give New England a run for its money. The […]
Jive Software said Wednesday it acquired privately held Proximal Labs. Jive, which is backed by Sequoia Capital and Kleiner Perkins Caufield & Byers, did not release financial terms. It said software maker Proximal would help it use “big data” to increase the value of social graphs to the enterprise. PRESS RELEASE Accelerates Strategy to Bring […]
As peHUB reported last week, venture fundraising was strong in the first quarter. Thirty-six US venture capital funds raised more than $7 billion, according to Thomson Reuters, publisher of this blog, and the National Venture Capital Association (NVCA). This is a 76 percent increase compared to the first quarter of 2010 and the strongest quarter for venture fundraising […]