Mark Boslet
Naya Ventures said it completed a first close on its $50 million maiden fund. The early stage venture capital fund, which will focus on the mobile and cloud markets, has already made seven investments, says Dayakar Puskoor, a managing director. All the companies are in the United States. Puskoor says he anticipates investments from the fund of $250,000 to $3 million per company. Naya has its headquarters in Dallas and offices in Silicon Valley, Seattle and Hyderabad.
Rangespan Ltd. said it raised over $5 million in a deal led by Octopus. The investment will be used to help the company expand its retailer and supplier networks.
Wikia said it raised more than $10 million in an oversubscribed Series C round of funding led by Institutional Venture Partners and joined by existing investors Bessemer Ventures Partners and Amazon.com. Wikia is already profitable and will use the money to accelerate mobile and video initiatives, drive user growth and look for strategic acquisitions. The most recent funding brings investment in the company to $25 million.
Prediki Prediction Services GmbH said it raised a seed round of $650,000 from Austria Wirtschaftsservice GmbH, Austria’s federal development bank funded by the Ministry of Economics’ JITU initiative.
Sumo Logic said it raised $28.5 million in Series C funding in a deal led by Accel Partners and joined by existing investors Greylock Partners and Sutter Hill Ventures. The log management company has now raised $49 million in venture funding.
TxCell SA said it raised $16 million in a third round of financing supported by the InnoBio fund, managed by CDC Entreprises, and existing shareholders Auriga Partners and Seventure Partners. InnoBio contributed about $7.8 million to the round.
With nearly 11 months in the record books, 2012 stands out as the year of the enterprise and IT-related venture-backed IPO. Enterprise- and IT-related deals make up 40% of this year’s venture-funded initial public offerings, according to a peHUB analysis.
500 Startups wants to raise $5 million for an Indian fund it is calling 500 StartupWallah, according to a filing with the Securities and Exchange Commission. The fund has not yet had a first close, the filing says. The fund lists David McClure, 500 Startups founding partner, as its lone managing partner.
Crossbar has raised $20.59 million, according to a filing with the Securities and Exchange Commission. The memory chip maker, which has backing from Kleiner Perkins Caufield & Byers, Artiman Ventures, Northern Light Venture Capital and the University of Michigan, had set out to raise $21 million, the filing said. Another $445,000 of equity remains to be sold.
Proterra Inc. said it raised $23 million of Series B financing in a round led by Hennessey Capital and joined by existing investors Kleiner Perkins Caufield & Byers, GM Ventures, Mitsui & Co. Global Investment, Inc., 88 Green Ventures and Vision Ridge Partners. Rajiv Ghatalia, founder of Hennessey Capital, will join the board of the electric bus maker as an advisor.