Existing Investors Lead $6.5M Series A Round for Hightower

Bessemer Venture Partners and Thrive Capital led a $6.5 million in series A financing round for Hightower, an online platform for the commercial leasing industry, according to company’s report.

Previous investors, including RRE Ventures, Red Swan Ventures, David Tisch, Lee Linden and Brandon Shorenstein, also participated in the round. The funding comes just eight months after Hightower’s $2.1 million seed round in December 2013.

Hightower’s cloud and mobile technology provides a powerful dashboard for the commercial real estate industry, introducing efficiency, transparency and analytics to a market long underserved by technology.

“When I was a commercial broker I was always amazed at how few tools there were to help me do my job,” says Hightower CEO and cofounder Brandon Weber. “Over the past 12 months, we’ve seen a remarkable shift in the industry. The most sophisticated owners and brokerage firms have now awakened to the reality that technology and analytics can dramatically improve their businesses. We’re excited to power that transformation.”

Source: PR Web

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Bessemer Venture Partners, Thrive Capital, Hightower, Online Platform, Commercial Leasing Industry, RRE Ventures, Red Swan Ventures, David Tisch, Lee Linden, Brandon Shorenstein, Real Estate, Real Estate Industry, Brandon Weber.


Bessemer Venture Partners Leads an $8M Series A Funding for Social Tables

Bessemer Venture Partners, an American global venture capital firm, has led an $8 million series A funding round for Social Tables, a web-based event planning platform for hospitality, meeting and event professionals.

The startup, which offers seating chart and event management software to hotels and other venues, rolled out the funding alongside Mayor Vincent Gray at the Carnegie Library. The cash will go toward expanding Social Tables’ staff, products and support, as well as “bring collaboration and automation to an industry that desperately needs it,” said CEO Dan Berger.

Social Tables’ latest financing comes roughly a year after it raised a $1.6 million round led by Militello Capital. The company, a graduate of Fortify Ventures’ inaugural accelerator class, launched with a dual consumer and B-to-B offering, looking to grow a base of couples and wedding planners while simultaneously courting the enterprise. It has since devoted its efforts to the latter.

Source: Washington Business Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Bessemer Venture Partners, American Venture Capital, US Venture Capital, Social Tables, Mayor Vincent Gray, Carnegie Library, Dan Berger, Militello Capital.


Intel Capital Leads a $10M Series B Funding Round for Intigua

Intel Capital, a venture capital and private equity arm of Intel Corporation, has led a $10 million series B funding round for Intigua, the first company to enable software-defined operations using advanced container technology.

Existing investors Bessemer Venture Partners and Cedar Fund also participated in the round, which brings the total invested capital to $21 million. Intigua will use the new monies to fund global sales, marketing and development of the Intigua Virtual Management platform, and accelerate its ability to execute on its software-defined operations vision.

This round follows a series of achievements for Intigua, including the coveted “Best of VMworld” award and a record 1H 2014 highlighted by the addition of several strategic customers, including a Fortune 500 technology company, one of the ten largest global banks, and the world’s largest IT systems integrator. Enterprises like these are turning to Intigua to accelerate workload delivery, improve application uptime and performance, and boost operational efficiencies across increasingly complex environments. By enabling software-defined operations, a concept Intigua coined to denote the ability to deliver systems management as a service at cloud scale, the company is ushering in a new era of IT operations.

Source: MarketWatch

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Intel Capital, Intel Corporation, Intigua, Bessemer Venture Partners, Cedar Fund, Intigua Virtual Management, Software.


Bessemer Venture Partners Leads $40M Round for Hungama

Bessemer Venture Partners, an American global venture capital firm, announced it has led a $40 million financing round for Mumbai-based Hungama Digital Media Entertainment.

Existing investor Intel Capital also participated in this round.

“The money would be deployed to upgrade mobile apps and integrate with the banking system for having loyalty programmes with us,” said Neeraj Roy, managing director and CEO of Hungama.

Vishal Gupta, managing director of Bessemer Venture Partners, India, said, “Hungama is 10x larger than all the other players put together with about 20 million users. It has become India’s largest on-demand digital entertainment storefront, which serves audio, video and imagery to South Asians across the world. As smart phones penetration increases, Hungama is slated to become a prominent player in the market.”

“The digital business is in the transition period from 2G to 3G that will make it more fascinating. There is a big opportunity in delivering world-class movie and audio service,” said Roy.

Source: VC Circle

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Bessemer Venture Partners, American Venture Capital, US Venture Capital, Mumbai, Hungama Digital Media Entertainment, Intel Capital, Neeraj Roy, Vishal Gupta, India, South Asia, Asia.


Amit Karp and Sunil James Join Venture Capital Firm as Vice President

Amit Karp and Sunil James joined venture capital firm Bessemer Venture Partners as vice president roles to focus on entrepreneurial opportunities in mobile, cloud, security and infrastructure roadmap startups.

Karp, who has worked at the firm since 2012, was previously a senior associate at McKinsey & Co. He also served as product leader at e-commerce search and merchandising platform startup Mercado (acquired by Adobe). Karp’s new role out of the New York office involves investments in the software, mobile and digital media sectors, and he will work closely with existing portfolio companies Thinking Phone Networks, Vasona, Cloudlock and Apperian.

James comes to Bessemer from Google Inc., where he led product management for the Mountain View search and advertising company’s cloud platform networking division. Before that, he was senior product manager for Amazon.com Inc.’s Amazon Web Services unit and worked for overall product strategy at Mandiant, which was acquired by FireEye.

Source: Silicon Valley Business Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Amit Karp, Sunil James, Bessemer Venture Partners, Mobile Startup, Cloud Startup, Security Startup, Infrastructure Roadmap Startup, McKinsey & Co., Mercado, Adobe, New York, Thinking Phone Networks, Vasona, Cloudlock, Apperian, Google Inc., Amazon.com Inc., Amazon Web Services, Mandiant, FireEye.


E-Commerce Site Snapdeal Raises $100M in New Funding

The Indian e-commerce company behind Snapdeal has raised $100 million in new funding from Temasek, BlackRock, Myriad, Premji Invest and Tybourne.

“We see this financing round as another endorsement of Snapdeal’s differentiated strategy and progress as India’s largest online marketplace,” chief executive Kunal Bahl said in a statement. “We are pleased to welcome several marquee global investors as our partners and believe their association will contribute to Snapdeal’s long-term success. Our mobile and internet commerce marketplace is now connecting millions of buyers to a very large base of sellers that offer products and services of national and international brands.”

This financing follows Snapdeal’s previous round of equity financing of $133.77 million that was completed in February with participation from Snapdeal’s existing investors including eBay Inc., Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital and Saama Capital.

Snapdeal, promoted by New Delhi-based Jasper Infotech Pvt. Ltd, started in 2010 as a daily deals platform, selling coupons to groups of customers (similar to the Groupon model), but converted to a marketplace in late 2011—first offering services and then adding a wide range of products including apparel, books and electronics through third-party merchants.

Source: LiveMint

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Indian E-Commerce Company, India, Snapdeal, Temasek, BlackRock, Myriad, Premji Invest, Tybourne, Kunal Bahl, Mobile, Internet, eBay Inc., Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital, Saama Capital, New Delhi, Jasper Infotech Pvt., Groupon.


Bessemer Venture Partners Leads Second Round of Funding for TaxiForSure.com

Bessemer Venture Partners, an American global venture capital firm, has led a $10 million in second round of funding for TaxiForSure.com, taxi-aggregators in India.

Accel Partners, Helion Venture Partners and Blume Ventures, who are existing investors in TaxiForSure, have also participated in the financing.

The fresh capital worth $10 million comes less than a year after the company raised the first round of funds and puts the total investment received at $15 million. The funds will be used by the company to expand to 20 new cities in the next 18 months.

Raghunandan G, Co-founder and CEO of TaxiForSure, said “Having turned profitable in Bangalore, where we started operations, and having taken our services to Chennai and NCR, we feel the time is right to aim for the next phase of expansion. We believe Bessemer along with Accel, Helion and Blume, our existing investors, will help propel us to the frontline of the taxi-aggregation space in India.”

Source: Hindu Business Line

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Bessemer Venture Partners, American Venture Capital, US Venture Capital, TaxiForSure.com, India Taxi-Aggregators, India, Accel Partners, Helion Venture Partners, Blume Ventures, Raghunandan G, Bangalore.


Olacabs to Raise $30M in Venture Capital from Sequoia

Olacabs, a taxi service startup founded by two IIT-Bombay graduates, Bhavish Aggarwal and Ankit Bhati, will raise the amount of $30 million in venture capital fund, Sequoia Capital may lead the round.

Existing investors Matrix Partners and Tiger Global Management will also participate in the latest round of funding, which values the company at over $100 million, said people familiar with the development. Ola —with more than 9,000 cabs on its platform currently— started operations in Mumbai when the two founders passed out of IIT. However, it moved headquarters to Bangalore last year.

The Indian cab market has seen some frenetic activity of late with VCs lining up top dollar to push transportation startups employing technology to disrupt the traditional taxi services business.

Ola’s competitor and Bangalore-based TaxiForSure recently closed a $10-million investment round led by another Valley-based fund, Bessemer Venture Partners. It already has Accel Partners, Helion Venture Partners and Blume Ventures as its existing investors, all of whom also participated in the latest investment round. San Francisco-based Uber has also upped the ante in India rivaling the local startups.

Source: Times of India

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Olacabs, Taxi Service Startup, Startup, IIT-Bombay, Bhavish Aggarwal, Ankit Bhati, Sequoia Capital, Silicon Valley Venture Capital, Matrix Partners, Tiger Global Management, Mumbai, Bangalore, India, Indian Cab, TaxiForSure, Bessemer Venture Partners, Accel Partners, Helion Venture Partners, Blume Ventures, San Francisco.


Bessemer Ventures Boosts TaxiForSure with Rs 60 crore

TaxiForSure, a Bangalore-based Online taxi services aggregator owned by Serendipity Infolabs, is raising Rs 60 crore in series B round from Bessemer Ventures.

This is the latest in a string of transactions in the country’s burgeoning online cab rental services market over the past 12 months, and is expected to close in the next two weeks.

So far, TaxiForSure has raised a total of about $14 million (. 84.4 crore) in venture funding. Bessemer Venture Partners and Aprameya Radhakrishna, founder and chief executive of TaxiForSure, did not respond to email queries on the developments. Avendus Capital is the investment bank for the transaction.

TaxiForSure, which counts early-stage venture capital firms Accel Partners, Helion Venture Partners and Blume Ventures, among its existing backers, has announced plans to expanding services to 15 cities by 2015.

Source: Economic Times

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, TaxiForSure, Bangalore, Online Taxi Services, Serendipity Infolabs, Bessemer Ventures, Bessemer Venture Partners, Aprameya Radhakrishna, Avendus Capital, Investment Bank, Accel Partners, Helion Venture Partners, Blume Ventures.


Zoosk Dates Wall Street with $100M IPO

Zoosk hopes to make its future relationship with the stock market public, the online dating website targets to raise $100 million in its initial public offering (IPO).

BofA Merrill Lynch, Citigroup and RBC Capital Markets are the underwriters to the IPO, the San Francisco-based company told the U.S. Securities and Exchange Commission in a preliminary prospectus.

The filing did not reveal how many shares the company planned to sell or their expected price.

The company intends to list on the New York Stock Exchange under the symbol “ZSK.”

Zoosk, which was launched in 2007, has more than 26 million members, including about 650,000 subscribers in 80 countries, according to the filing.

Zoosk is backed by venture capital firms including Canaan VIII LP, ATA Ventures and Bessemer Venture Partners. Canaan, with a 32.4 percent stake, is the company’s biggest shareholder.

Source: Reuters

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Zoosk, Stock Market, Online Dating Website, Initial Public Offering, IPO, BofA Merrill Lynch, Citigroup, RBC Capital Markets, San Francisco, U.S. Securities and Exchange Commission, New York Stock Exchange, Canaan VIII LP, ATA Ventures, Bessemer Venture Partners.


Blue Apron’s New Round of Venture Capital Funding

The New York-based startup that is changing the way people cook at home Blue Apron, is pleased to announce the raise of a new round of venture capital funding that could value the food-focused startup at upwards of $500 million.

The New York-based company designs meal kits, which feature three meals each, and sells them by weekly subscription. It makes a profit by buying food in bulk and splitting it up among many subscribers. That way there’s little spoilage, since pre-orders provide Blue Apron with a precise forecast of how much food to buy. As it has expanded geographically across the United States, Blue Apron also has expanded its offerings to take more dietary preferences, like kosher and pescetarian, into account.

Last month, the company told Fortune that it delivers 500,000 meals per month. Assuming $10 per meal, that means Blue Apron is operating at around a $60 million revenue run rate.

It was founded 18 months ago by Matt Salzberg, a former venture capitalist at Bessemer Venture Partners. Since launch, several competing meal kit companies have entered the market. These include New York-based rival Plated, as well as HelloFresh, ChefDay, Munchery, Greeling, and Fresh Dish.

Source: Fortune

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, New York, NY, New York Startup, Startup, Start-Up, Blue Apron, Food-Focused Startup, United States, US, Fortune, Matt Salzberg, Bessemer Venture Partners, Plated, HelloFresh, ChefDay, Munchery, Greeling, Fresh Dish.


North Bridge Venture Moves to Boston or Cambridge

North Bridge Venture Partners, an early-stage venture capital firm based in Waltham, is moving to to Boston or Cambridge some time later this year, according to company’s general partner Michael Skok.

“Our leanings are toward the Innovation District or Downtown, mostly based on entrepreneurs saying it,” Skok said. Most of the area’s other large venture capital firms have already moved to Cambridge or Boston in recent years as the region’s startup scene has gone urban. The most recent firm to move, Battery Ventures, left Waltham for the Seaport/Innovation District in December, while Waltham’s Polaris Partners plans to open an office in the same building as Battery (Fan Pier’s One Marina Park Drive) on May 1.

Other firms that have made a similar exodus out of the suburbs, and into Cambridge, in recent years include Atlas Venture, Bessemer Venture Partners, Highland Capital Partners, Charles River Ventures, and Matrix Partners. Among North Bridge’s recent local investments is Salsify, a company that chose to locate in Downtown Boston rather than in Cambridge or the suburbs. The Downtown area is “now starting to be the new interesting urban area for startups,” Skok said.

Source: BetaBoston

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, North Bridge Venture Partners, Waltham Venture Capital, Boston, Cambridge, Michael Skok, Innovation District, Downtown, Startup, Start-Up, Battery Ventures, Polaris Partners, Atlas Venture, Bessemer Venture Partners, Highland Capital Partners, Charles River Ventures, Matrix Partners, Salsify, Downtown Boston.


Bessemer Venture Partners Leads a $20M Round for Themis Solutions

Bessemer Venture Partners, an American global venture capital firm, has led a $20 million venture capital funding round for Bessemer Venture Partners of Menlo Park, California.

The company’s cloud-based software allows small law firms to automate administrative tasks and securely access sensitive legal information via a web platform and to perform office tasks via mobile apps.

The company will use the funding to accelerate development of Clio, its core product, and to expand internationally as it grows its team from 50 to 200, according to CEO and co-founder Jack Newton. Themis is also looking to develop software products for industries beyond legal services, although not in the near term, says Newton, adding that concerns about privacy and security of online information have fuelled interest from small firms in North America and Europe.

This latest round will bring Themis’s funding to date to $27 million. Bessemer Venture Partners, an early investor in Skype, Staples and LinkedIn, was joined by previous Themis backers Acton Capital Partners and Point Nine Capital, and a new investor, Vancouver-based Version One Ventures.

Source: BCBusiness

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Bessemer Venture Partners, American Venture Capital, US Venture Capital, Bessemer Venture Partners, Menlo Park, California, Cloud-Based Software, Law Firms, Mobile Apps, Clio, Jack Newton, North America, Europe, Skype, Staples, LinkedIn, Acton Capital Partners, Point Nine Capital, Vancouver, Version One Ventures.


Box Inc. Goes Public

Box Inc., an online file sharing and cloud content management service for businesses, has filed with the Securities and Exchange Commission a proposal for an initial public offering, three months after the company raised $100 million in funding.

That funding nearly doubled Box’s worth since July 2012, when the startup raised $150 million from investors at a valuation of $1.2 billion.

Overall, the eight-year-old company, co-founded and run by Aaron Levie, raised more than $400 million from investors.

Here are details of the main investors in the company and their percentage ownership stakes, publicly available for the first time in the new SEC filing:

Draper Fisher Jurvetson owns 25.5% of the company and is Box’s top shareholder, according to the filing.

U.S. Venture Partners owns 13%.

General Atlantic owns 8.4%.

Scale Venture Partners owns 7.4%.

Bessemer Venture Partners owns 5.6%.

Meritech Capital Partners owns 5.1%.

Mr. Levie, the CEO, owns just 4.1% of company shares. His co-founder Dylan Smith, the company’s chief financial officer, owns 1.8%. Box Chief Operating Officer Dan Levin owns 2%.

Source: Wall Street Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Box Inc., Online File Sharing, Cloud Content Management Service, Securities and Exchange Commission, Initial Public Offering, IPO, Aaron Levie, Draper Fisher Jurvetson, U.S. Venture Partners, General Atlantic, Scale Venture Partners, Bessemer Venture Partners, Meritech Capital Partners, Dylan Smith, Dan Levin.


Trinity Ventures Leads $20M Series C Round for Simply Measured

Trinity Ventures with participation from Bessemer Venture Partners, Four Rivers Group, MHS Capital and other existing investors, led a $20 million series C round for Simply Measured, the leading social media analytics and measurement solution.

Karan Mehandru, General Partner at Trinity Ventures, will join the Board of Directors at Simply Measured. The investment will allow the company to continue their steep growth trajectory and enable ongoing product expansion.

As the role of social media in the marketing organization increases and expands, so does the need to accurately measure the performance of social activities. While social listening tools have provided businesses with a way to view conversations from a high level, sophisticated marketers need better tools to more accurately measure the performance of their campaigns and distill actionable information from the data.

Simply Measured provides enterprise-­level insights from the leading social media networks including Facebook, Twitter, Instagram, LinkedIn, YouTube, Google+, Tumblr and Vine compiled into visual dashboards that can be shared easily across the organization.

Source: Broadway World

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Trinity Ventures, Bessemer Venture Partners, Four Rivers Group, MHS Capital, Simply Measured, Social Media Analytics, Karan Mehandru, Facebook, Twitter, Instagram, LinkedIn, YouTube, Google+, Tumblr, Vine.


eBay Leads $133.8M Round for Jasper Infotech

Research & investing information company Jasper Infotech announced it has raised $133.8 million in funding round led by existing investor eBay, making it one of the largest capital raising rounds by an Indian digital commerce venture in recent times.

Apart from eBay, the company’s other institutional investors, which include venture capital firms Nexus Venture Partners, Kalaari Capital, Bessemer Venture Partners, Intel Capital and Saama Capital, have also participated in the latest round of funding.

This takes the total funds raised by Snapdeal to well over $200 million across five rounds. The financial terms of the transaction were not disclosed.

The development comes less than a month after online fashion retailer Jabong raised over $100 million from a clutch of investors, led by British development finance institution CDC, which invested $27.5 million in the Gurgaon-based company.

Separately, Bangalore-based fashion retailer Myntra had also raised $50 million from Wipro Chairman Azim Premji’s family office, PremjiInvest, earlier in January.

Source: Economic Times

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Jasper Infotech, eBay, Indian Digital Commerce Venture, Nexus Venture Partners, Kalaari Capital, Bessemer Venture Partners, Intel Capital, Saama Capital, Snapdeal, Jabong, Britain, CDC, Gurgaon, Bangalore, Myntra, Wipro, Azim Premji, Family Office, PremjiInvest.


100 Jobs to Be Created in Dublin by Intercom

Over the next 18 months Intercom, an early stage technology start-up company was founded by four young Irish men, will be creating 100 highly-skilled software engineering and design jobs in Dublin.

The expansion follows a substantial $23 million (€17m) investment in the two-year-old company by two US venture capital funds, including Bessemer Venture Partners.

Bessemer is a veteran technology investor, which was an early stage funder of several successful technology companies, including Skype and LinkedIn.

Intercom would not divulge what it is now worth following the fresh investment.

However, based on previous similar-sized investments in companies of a similar scale, it is estimated Intercom may be worth close to $100m (€74m).

The company is developing a personal messaging service for web and mobile businesses to allow their customers to interact with each other.

The company has secured nearly 2,000 customers, including Yahoo, Rackspace and Visual.ly, since it began operating.

Source: RTE

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Intercom, Early-Stage Technology Startup, Technology Startup, Startup, Start-Up, Ireland, Dublin, US Venture Capital, Bessemer Venture Partners, Skype, LinkedIn, Yahoo, Rackspace, Visual.ly.


Funding for US Startups Jumps 20% during Q4 2013

According to source, as venture capitalists poured more money into more deals, funding for American startups increased 20 percent in the fourth quarter of 2013.

Startup investments totaled $8.37 billion in the October-December period, up from $6.95 billion in the fourth quarter of 2012. There were 1,077 deals completed in the quarter, up from 1,050 a year earlier. Software companies received the most money, with biotech a distant second.

Popular online pinboard Pinterest Inc. snagged the most money in the quarter – $225 million from venture-capitalist firms Andreessen Horowitz, Bessemer Venture Partners and others.

The MoneyTree study released Friday was conducted by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters.

Source: Fort Wayne Journal Gazette

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, American Startup, US Startup, Startup, Start-Up, Pinterest Inc., Andreessen Horowitz, Bessemer Venture Partners, MoneyTree, PricewaterhouseCoopers, PwC, National Venture Capital Association.


Bessemer Venture Partners Opens Office in Minecraft

Bessemer Venture Partners, an American global venture capital firm with offices in Silicon Valley, New York, Boston, Herzliya, Israel, and Mumbai and Bangalore, India, is now opening an office in Minecraft.

The facility establishes BVP as the first VC firm with a presence in this rapidly growing region: in its short four-year history, Minecraft has attracted 35 million residents. Minecraft’s burgeoning population leads the world in technological literacy, enjoys 100% broadband penetration, and boasts the highest ratio of entrepreneurs per capita on Earth.

“The rate of innovation going on in Minecraft is stunning,” noted BVP partner Jeff Epstein, who has moved to the new office, on a part-time basis for now. “With a large venture fund of iron and gold, BVP will play a key role in this phenomenal ecosystem.”

BVP credits ninth-grader Avery Cowan and sixth-grader Eliot Cowan for conceiving, designing and building a state-of-the-art facility with beautiful vistas, recreational areas, and plenty of office space for BVP professionals and visiting entrepreneurs. “They came in on time and on budget,” beamed Ed Colloton, BVP’s Chief Operating Officer.

Source: PR Newswire

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, American Venture Capital, US Venture Capital, Bessemer Venture Partners, Silicon Valley, New York, Boston, Herzliya, Israel, Mumbai, Bangalore, India, Minecraft, BVP, Jeff Epstein, Avery Cowan, Eliot Cowan, Ed Colloton.


Maturity in Israeli Venture Capital

Israeli venture capital firms in 2013 climbed to the highest in a decade, country’s technology industry showed signs of maturity, as the proportion of smaller deals declined, IVC Research Center said.

Sales of technology companies backed by venture-capital investors totaled 35 transactions worth a combined $4.2 billion, the Tel Aviv-based industry-research group said in a report published today. The average $120 million value was more than double the $55 million 10-year mean, amid a “dramatic decline” in deals of less than $10 million.

Growth in exits by Israel’s venture-capital industry contrasts with U.S. venture-backed disposals that according to the National Venture Capital Association were at the lowest since 2009. Larger Israeli tech-industry transactions in 2013 included BlueRun Ventures’ sale of map software producer Waze Inc. to Google Inc. in June for $966 million, and Cisco Systems Inc.’s acquisition of software maker Intucell Ltd. from Bessemer Venture Partners for $475 million.

“This is a good sign for the Israeli industry,” IVC Chief Executive Officer Koby Simana said in a text-message response to questions. “The findings indicate both entrepreneurs and investors wish to build bigger companies and seem to be more patient to wait for them to reach higher valuations.”

Source: Bloomberg

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Israeli Venture Capital, IVC Research Center, Tel Aviv, Israel, National Venture Capital Association, BlueRun Ventures, Waze Inc., Google Inc., Cisco Systems Inc., Intucell Ltd., Bessemer Venture Partners, Koby Simana.


Shopify Scores $100 Million from Existing Investors

Shopify, an Ottawa-based e-commerce company, has raised $100 million from existing investors, as well as new ones, including OMERS Ventures and Insight Venture Partners, to help the e-commerce start-up expand a recently launched offline retail business.

The company sold about 10% of itself in the funding round, suggesting a valuation of roughly $1 billion.

The series C round also included Insight Venture Partners, Bessemer Venture Partners, FirstMark Capital, Georgian Partners, and Felicis Ventures and adds to $22 million the company raised in 2010 and 2011.

Shopify’s technology lets individuals and merchants set up online stores that accept credit cards and other forms of electronic payments. The platform powers more than 80,000 retailers in 100 different countries including Tesla Motors, Gatorade and Budweiser.

The company recently launched Shopify POS, an iPad application that lets merchants sell products from their Shopify online store in a physical retail setting. That puts the company more into competition with eBay’s PayPal division and the start-up Square, which are also working on in-store mobile payment technologies.

“This new round of funding will help us further expand into physical retail,” said Tobias Lütke, Founder and CEO of Shopify.

Source: USA TODAY

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Birmingham Venture Capital, Shopify, Ottawa, Canada, E-Commerce Company, E-Commerce Startup, Startup, Start-Up, OMERS Ventures, Insight Venture Partners, Bessemer Venture Partners, FirstMark Capital, Georgian Partners, Felicis Ventures, Tesla Motors, Gatorade, Budweiser, Shopify POS, iPad, eBay, PayPal.


Pinterest Raises Funding Values Startup at $3.8B

Pinterest Inc. confirmed that it has raised $225 million in a new financing round that values the company at $3.8 billion, the company announced on Wednesday.

The deal, led by Fidelity Investments, makes Pinterest one of the most valuable privately held consumer internet companies just 2-1/2 years after it secured its first round of venture capital financing in May 2011.

Fidelity will not take a board seat as part of the deal, a person familiar with the deal said. Previous venture capital investors, including Bessemer Venture Partners, Firstmark Capital, Valiant Capital Management and Andreessen Horowitz, also participated in the latest round.

The company said it would use the capital to expand internationally and develop its mobile apps.

“We hope to be a service that everyone uses to inspire their future, whether that’s dinner tomorrow night, a vacation next summer, or a dream house someday,” Chief Executive Ben Silbermann said in a statement. “This new investment enables us to pursue that goal even more aggressively.” Source

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Venture Capital Financing, Pinterest Inc., Fidelity Investments, Internet Company, Bessemer Venture Partners, Firstmark Capital, Valiant Capital Management, Andreessen Horowitz, Ben Silbermann.


Early Xiaomi Backer Teams Up with GGV Capital

Hans Tung of Qiming Ventures has been hired on as  is the sixth general partner of GGV Capital, a cross-border venture capital firm that focuses on China and U.S.

He’s a VC that made an early bet in Xiaomi, a Chinese handset maker that piggy-backed off the Android ecosystem to build a business that was most recently valued at $10 billion.

The firm and Tung have known each for about eight years as he built up a name in mainland China, through involvements in companies like online clothing retailer Vancl.com and Forgame, a cloud-based game developer that just went public on the Hong Kong Stock Exchange with a market cap of more than $1 billion. Before he was at Qiming, he did a stint at Bessemer Venture Partners, worked as a financial analyst for Merrill Lynch and started two companies.

He’ll be based in Silicon Valley, but will be commuting a lot back and forth between China and the U.S.

“I’m seeing convergence between the two markets,” he said, pointing to examples like Xiaomi’s effort to build its brand outside of mainland China and in how Western companies have adopted virtual transactions techniques from Asia. Source

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Hans Tung, Qiming Ventures, GGV, GGV Capital, China, US, Android Ecosystem, Vancl.com, Forgame, Hong Kong Stock Exchange, Qiming, Bessemer Venture Partners, Merrill Lynch, Asia.


United Capital Adds $38M in s Funding Round

United Capital Financial Partners Inc., a Newport Beach, California-based and one of the fastest growing and highly innovative wealth counseling firms in the country, has added $38 million in a funding round led by a private equity firm with $1.4 billion of assets under management Sageview Capital LP.

Palo Alto-based Sageview, a new investor in United Capital, accounted for $30 million of the total. The rest came from Boston-based venture capital firm Bessemer Venture Partners and Grail Partners LLC in New York.

Bessemer and Grail are previous investors in United Capital: Bessemer made an investment in 2009, and Grail in 2006 and 2007.

United Capital has 47 offices throughout the U.S. and manages $9 billion in client assets. It operates through its United Capital Financial Advisers LLC and other affiliates it has acquired.

The company said the latest investment proceeds will be used for marketing, hiring and making more acquisitions. Source

 

Tags: Private Equity, Private Equity firm, Private Equity group, Private Equity Company, Private Equity Fund, Private Equity investment, Private Equity investor, Fund of Fund, Private Equity business, Private Equity industry, PE, United Capital, United Capital Financial Partners Inc., Newport Beach, California, Wealth Advisory Firm, Sageview, Sageview Capital LP, Boston, Boston Venture Capital, Bessemer Venture Partners, Grail Partners LLC, New York.


Anaqua Closes $25M Financing Round from BVP

Bessemer Venture Partners (BVP), an American global venture capital firm with offices in Silicon Valley, New York, Boston, Herzliya, Israel, and Mumbai and Bangalore, India, has invested a total cash consideration of $25 million in a Larchmont, New York-based provider of intellectual asset management (IAM) software and services Anaqua.

This investment follows a growth equity investment Anaqua received from Insight Venture Partners in July of this year.

Anaqua’s software helps leading global companies grow and protect their intellectual property, including inventions, patents, trade secrets, brands and trademarks, and helps law firms improve their IP practices. Anaqua’s SaaS-based platform enables companies to align their intellectual property with their business goals, prosecute and secure it; and create value through more efficient licensing. Companies are further able to pay for IP maintenance in multiple global jurisdictions using Anaqua’s payment services platform. More than 20,000 users in over 100 countries are using Anaqua to manage approximately $500 billion in intellectual assets; these include users from Microsoft, Ford, Kimberly-Clark, Eastman Chemical and The Coca-Cola Company. Source

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, US Venture Capital, Silicon Valley Venture Capital, Bessemer Venture Partners, BVP, Silicon Valley, New York, Boston, Herzliya, Israel, Mumbai, Bangalore, India, Larchmont, New York, Anaqua, Insight Venture Partners, SaaS, Microsoft, Ford, Kimberly-Clark, Eastman Chemical, The Coca-Cola Company.


Snapdeal Plans $200M Fresh Fund Round

A domestic online marketplace Snapdeal is planning to raise a $200 million fresh round of fund led by a Japanese telecommunications giant SoftBank and a group of other private equity investors, according to ET news.

eBay, Japanese internet major SoftBank and a clutch of private equity investors are looking to pump in $150-200 million of fresh funds into domestic online marketplace Snapdeal. The San Jose, CA-based eBay, which pioneered auction-styled online shopping, had picked up an under 10% stake in Snapdeal earlier this year and is now keen on increasing that stake in the company.

SoftBank, on the other hand, has also been negotiating a deal to top up the $50 million Snapdeal raised from eBay and existing investors Bessemer Venture Partners and Nexus Ventures earlier this year. Other investors in the company include Intel Capital, Russian venture fund ru-Net and Saama Capital. Industry sources told TOI that eBay’s last round of funding had valued Snapdeal at about $200 million but a deal for a larger stake now could see its valuation go up to $750 million. Source

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Snapdeal, Japanese Telecommunications Giant, SoftBank, eBay, San Jose, California, Bessemer Venture Partners, Nexus Ventures, Intel Capital, Russian venture fund ru-Net, Saama Capital.


Private Equity Firm IDFC Alternatives Invests $20M in Medi Assist Healthcare

The private equity arm of IDFC Alternatives has committed to invest Rs 125 crore ($20 milliont) in Bangalore-based healthcare services provider Medi Assist Healthcare, a development that continues to reiterate risk capital’s strong focus on the sector.

The transaction, made from IDFC’s private equity arm, is the second round of capital raised by Medi Assist, following venture capital firm Bessemer Venture Partners’ investment in 2011.

Proceeds from the latest round will largely be used towards developing its proprietary technology platform further, while the rest will be utilised towards acquisitions. Medi Assist is currently present in 27 cities in India.

“The Medi Assist Group now has a unique opportunity to consolidate its position as the leading health benefits platform for India,” Vikram Chhatwal, chairman, Medi Assist Group told ET. The Bangalore-based company is a health benefits administrator offering services in wellness, pharmacy programme management, medical network management and benefits administration. Source

 

Tags: Private Equity, Private Equity firm, Private Equity group, Private Equity Company, Private Equity fund, Private Equity investment, Private Equity investor, Fund of Fund, Private Equity business, Private Equity industry, PE, Private Equity Arm, India Private Equity, IDFC Alternatives, IDFC, Bangalore, Healthcare Services Provider, Medi Assist Healthcare, Bessemer Venture Partners, Vikram Chhatwal.


Edwards Wildman Advises Bessemer Venture Partners

Edwards Wildman LLC advised Bessemer Venture Partners on a Series-D funding round for French display advertising company Criteo, reported The Lawyer.

London based partner Shawn Atkinson led the cross-border team with assistance in the London office from Jill Hanson, Costa Smith and Joel Marris. Providence based partner Eugene McDermott, along with tax partner Scott Pinarchick and associate Katie Day (both Boston), provided advice on the US aspects of the transaction.

NewVoiceMedia is a provider of true cloud contact centre and voice solutions. Established over 10 years ago, it now serves over 8,000 agents and has over 200 customers in 30 countries including Photobox, Topcon, DPD, Royal Mail, Lumesse, QlikTech, Denplan, Cunningham Lyndsey, SHL Group and Parcelforce.

Osborne Clarke (Thomas Colmer, associate director) acted for NewVoiceMedia and Ashfords (Chris Dyson, partner) the other existing investors. Source

 

Tags: Private Equity, Private Equity firm, Private Equity group, Private Equity Company, Private Equity fund, Private Equity investment, Private Equity investor, Fund of Fund, Private Equity business, Private Equity industry, PE, Edwards Wildman, Edwards Wildman LLC, Bessemer Venture Partners, Series-D Funding Round, Criteo, The Lawyer, Shawn Atkinson, Jill Hanson, Costa Smith, Joel Marris, Eugene McDermott, Scott Pinarchick, Katie Day, NewVoiceMedia, Photobox, Topcon, DPD, Royal Mail, Lumesse, QlikTech, Denplan, Cunningham Lyndsey, SHL Group, Parcelforce, Osborne Clarke (Thomas Colmer, Ashfords, Chris Dyson.


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