New York Venture Capital Firm Boosts Trinity Pharma with $4M

Milestone Venture Partners, a New York-based venture fund focused on healthcare SaaS investments, boosted Trinity Pharma, the leading industry cloud provider of data and analytics solutions for healthcare enterprises, with $4 million.

Coupled with $15 million Trinity raised last December from Health Enterprise Partners, the combined $19 million Series A investment will enable Trinity to meet strong demand for its platform and accelerate its aggressive growth strategy.

“Trinity solves an incredibly complex and historically expensive problem facing life sciences and healthcare companies: large volumes of disparate data assets must be exploited successfully if a business is going to create significant value,” said Todd Pietri, Milestone Co-Founder and General Partner. “Trinity’s platform is unique in that it has both a powerful cloud-based data management engine and an elegant mobile user experience.”

Source: IT Business Net

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Milestone Venture Partners, New York Venture Capital, NY Venture Capital, Healthcare, SaaS Investments, SaaS, Trinity Pharma, Cloud, Cloud Provider, Health Enterprise Partners, Life Science, Todd Pietri.


Investment Firms Invest $1B in Internet of Things during 2013

Investment firms and venture capital invested the amount of $1 billion in Internet of Things, a term for a connected network of objects, according to report.

Start-ups focusing on the Internet of Things attracted $1.1 billion in investments across 53 deals last year, according to data from CBInsights, a New York-based venture capital research firm. This represents an 11 percent increase from the previous year.

These start-ups cover a variety of industries, including healthcare sensor technology, energy management and home automation, among others. For instance, Washington-based start-up SmartThings, which produces home sensor kits, raised $12.5 million in early-stage funding in the fall of 2013. In December Orange Chef, a San Francisco-based start-up creating wirelessly enabled food scales, raised a $1.2 million investment round led by Google Ventures.

The majority of total deals this year were in the Series A stage, according to CBInsights — often a start-up’s first major fundraising round.

Source: Washington Post

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Internet of Things, Startup, Start-Up, CBInsights, New York Venture Capital, NY Venture Capital, Washington, SmartThings, Orange Chef, San Francisco, Google Ventures.


Flatiron District Leads $70M Round for Metamorphic

Metamorphic Ventures, a venture capital firm with portfolio companies such as Stamped, Sailthru, and Indiegogo, is pleased to announce the raise of its second fund at nearly $70 million.

The Flatiron District venture capital shop raised its second investment fund, nearly $70 million, which it will use to expand stakes in its portfolio companies and buy into new startups looking for additional early-stage capital.

“We believe there is a very big gap in the market after the seed round and before the company raises a much larger round,” managing partner and co-founder David Hirsch wrote in a blog post Tuesday.

Amid a flood of venture capital in New York, follow-on rounds have gotten bigger and big investors are taking big stakes earlier in the pipeline — potentially threatening smaller, earlier funders.

Source: New York 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, Metamorphic Ventures, Stamped, Sailthru, Indiegogo, Flatiron District, David Hirsch, New York, NY, New York Venture Capital, NY Venture Capital.


Startups in Nebraska are Attracting Investment from Investors Outside State

Startups in the state of Nebraska are increasingly catching the attention and investments of investors in startup hubs like Silicon Valley and New York City.

Securities and Exchange Commission filings and data from New York-based venture capital database CB Insights show at least 23 Nebraska-based startups attracted around $43 million in investments last year.

Leaders from state funds and investment groups say momentum is growing behind the state’s startup community and what some investors might perceive as local weaknesses — midsize markets with a dearth of options for multimillion-dollar investments, for instance — might actually help local startups attract outside capital in some cases.

“If you’re that firm trying to commercialize technology out of Stanford, you’re competing with a lot of venture capital and institutional money. That money now realizes there’s a lot here (in Nebraska) and they can make money here,” said Mark Crawford, CEO and investment manager at Invest Nebraska, a Lincoln-based nonprofit.

Source: Omaha World-Herald

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Nebraska Startups, Silicon Valley, New York City, Securities and Exchange Commission, SEC, New York, New York Venture Capital, CB Insights, Nebraska, Startup, Start-Up, Stanford, Mark Crawford, Invest Nebraska, Lincoln.


NY Venture Capital Funding Raises 50% to Close to $3B in 2013

Venture capital funding in New York State raised nearly 50 percent to close to $3 billion in 2013 making a five-year high, while the number of deals struck increased 12 percent to 396 according to CB Insights data released.

The lion’s share of those VC dollars – $2.8 billion – poured into New York City companies, most of them tech firms.

“Funding is way up, deals are way up,” CB Insights CEO Anand Sanwal told the Daily News.

“After Silicon Valley, New York has become the place that people think about when it comes to tech companies.”

New York State remains No. 2 behind California, when measured by number of VC deals, and is No. 3 behind California and Massachusetts, when ranked by total funding.

But Massachusetts got weaker last year even as New York plowed ahead. VC funding in the New England state fell by 1% and deals dropped by 5%.

Source: New York Daily News

 

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 Venture Capital, CB Insights, New York, NY, New York City, NYC, Anand Sanwal, Daily News, Silicon Valley, California, Massachusetts, New England.


ff Venture Capital Secures Third Fund at $52 Million

According to a blog post, a New York-based early-stage venture capital firm ff Venture Capital, closed its ff Rose and its “sister fund” ff Rose Innovate fund at $52 million.

The firm had been open about the fact that it was raising a fund, thanks to new SEC rules. Together, the funds total $52 million, a little bit more than the $50 million that ffvc said it was planning. Investors in the funds include New York State’s Empire State Development, Goldman Sachs, the New Jersey Economic Development Authority, and limited partners who had backed the firm previously.

Why two funds? Founding partner John Frankel told me via email that ff Rose Innovate will invest with ff Rose, but only in companies based in New York State. That’s because of funding from Empire State Development, which Frankel said is aiming “to stimulate job growth and economic development in New York.”

“We are one of a handful of funds to receive Innovate NY money, and we consider it good use of public funds and hope to prove so over the life of the fund,” he said.

Source: TechCrunch

 

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 Venture Capital, New York, ff Venture Capital, ff Rose, ff Rose Innovate, ffvc, Empire State Development, Goldman, Goldman Sachs, New Jersey Economic Development Authority, John Frankel, New York State.


Accel Partners Invests $2.7 Million in Closing Time

Accel Partners, a global venture capital firm with offices located in Silicon Valley, New York, London, China, and India, invested a total cash consideration of $2.7 million in Closing Time.

Individual investors include several former Yahoo execs, including founder and former CEO Jerry Yang, former chief technology officer Farzad Nazem and former senior vice president and treasurer Gideon Yu, the current president and co-owner of the San Francisco 49ers and a former chief technology officer at Facebook and YouTube. Former Yahoo senior vice president Vishal Makhijani, who is also chief operating officer at Udacity and a former COO of Zynga, is also on board for the funding round.

Other investors include Owen Van Natta, who has previously held exec positions at Zynga, MySpace, Amazon.com, and Facebook; and Morado Venture Partners, co-founded by Ash Patel, former chief product officer at Yahoo, and Michael Marquez, co-founder of CODE Advisors.

Bruce Golden, a partner at Accel Partners, had previously worked extensively with Amitree’s founders Jonathan Aizen and Paul Knegten at their last company, display ad startup Dapper, Amitree said.

Source: Inman News

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Accel Partners, Silicon Valley Venture Capital, New York Venture Capital, London Venture Capital, China Venture Capital, India Venture Capital, Closing Time, Yahoo, Jerry Yang, Farzad Nazem, Gideon Yu, San Francisco, San Francisco 49ers, Facebook, YouTube, Vishal Makhijani, Udacity, Owen Van Natta, Zynga, MySpace, Amazon, Morado Venture Partners, Ash Patel, Michael Marquez, CODE Advisors, Bruce Golden, Accel Partners, Jonathan Aizen, Paul Knegten.


MC10 Raises Extra $19.8 Million in Funding

A Cambridge-based developer of electronics that stretch and bend with the body’s movements MC10, announced it has raised the amount of $19.8 million in funding, according to source.

Reebok International has included MC10 technology in its Checklight product–a cap with built-in sensors that can diagnose a concussion among players of contact sports soon after impact.

A venture firm taking advantage of the lifting of a decades-old ban on general solicitation for private funds has closed its fourth fund. New York-based ff Venture Capital closed ff Rose Venture Capital Fund LP at $52 million, according to people close to the firm.

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, Cambridge, MC10, Reebok International, Checklight Product, New York, New York Venture Capital, ff Venture Capital, ff Rose Venture Capital Fund LP.


Hinge Closes $4 Million Funding Round

Hinge, a mobile dating app on the rise, secured $4 million in venture funding in purpose to boost further development and allow it expansion to new markets, led by New York-based Great Oaks Venture Capital

Other investors include Fortify Ventures LLC, 1776 co-founder Evan Burfield, Militello Capital and “one of the founders of LivingSocial,” according to a news release.

Hinge is planning to release a “slicker and faster” version of its app designed for iOS 7 by the end of the year, according to co-founder and CEO Justin McLeod. The basic idea remains the same: The app lets users rate friends-of-friends on Facebook based on attraction, on a double-blind basis. When each party rates the other highly enough, Hinge makes the introduction.

The app is now live in D.C., New York and Boston. “We want to be in a lot more [markets] 12 months from now,” McLeod said.

Also participating in the Series A were The Social+Capital Partnership, 500 Startups, Red Swan, Graph Ventures and others.

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, Hinge, Mobile Dating App, New York Venture Capital, New York, Great Oaks Venture Capital, Fortify Ventures LLC, 1776, Evan Burfield, Militello Capital, LivingSocial, iOS 7, Justin McLeod, Facebook, D.C., Boston, The Social+Capital Partnership, 500 Startups, Red Swan, Graph Ventures.


Mousse Partners Invests $11.75 Million in Harvest Automation

Mousse Partners Ltd is pleased to announce an $11.75 million venture funding investment in Harvest Automation, which is developing robots for agricultural uses.

The round was led by New York-based Mousse Partners Limited. Existing investors Life Sciences Partners, Cultivian, Founder Collective, Entrée Capital and MassVentures also participated in the round.

In a press release, Harvest Automation officials said the funds will be used to “further commercialize” the company’s first product, the HV-100. It’s a robotic system used for physically demanding and repetitive tasks, such as lugging around potted plants in commercial nurseries and greenhouses.

“We are seeing strong product validation with first customers and are excited to continue our efforts to bring smart, mobile, adaptive robotics into agriculture, a market that is not only large in scale, but could significantly benefit by deploying automation to work alongside people,” said John Kawola, CEO of Harvest Automation, in a statement. Source: The Lowell Sun

 

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 Venture Capital, NY Venture Capital, Venture Funding Round, Mousse Partners Ltd, Harvest Automation, Robot, John Kawola.


Excell Partners Invests $150K in MICROrganic Technologies

Excell Partners, a Rochester, New York-based fund that backs seed-stage and high-growth companies, has invested a total cash consideration of $1500, 000 in MICROrganic Technologies of Rensselaer County.

The investment marks the first investment by Excell in the Albany, NY area.

A report by the Democrat and Chronicle said that Excell is investing $150,000 as MICROrganic develops a prototype for its industrial and wasterwater treatment system that converts chemical energy into electrical energy.

MICROrganic was co-founded in 2010 by Brent Solina, who studied biochemistry and biophysics at Rensselaer.

This fall, MICROrganic was one of two startup companies that moved into space operated by the Schodack Central School District. 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, New York Venture Capital, New York, NY, Rochester, Albany, Excell Partners, MICROrganic Technologies, MICROrganic Technologies of Rensselaer County, Democrat and Chronicle, Brent Solina, Start-Up, Startup, Schodack Central School District.


ff Venture Capital Fall Expectations

The article below is an overview on what ff Venture Capital, a New York-based venture capital firm that specializes in providing seed-stage funding to technology companies, is expecting for this fall.

The weather has started to get cooler, the leaves are beginning to change colors, and Pumpkin Spice Lattes are back at Starbucks. It can only mean one thing….autumn is upon us.

Here at ffVC, our team is excited for the Fall season for a number of reasons:

“Can’t wait to celebrate my 30th anniversary with my wife, and to get my Unikey Kevo Lock ” – John

“I am excited for the Red Sox prospects in the playoffs.” – Alex

“I can’t wait until I can sell my car and just use Zypsee exclusively.”- David

“I can not wait for fall fashion, apple picking, and pumpkin-flavored everything!”- Camille

“My October vacation to Asia.” – Xing

“Season premieres of my favorite TV shows!’ – Jessica

“I cannot wait for the Plated vegetarian menu!” – Katie

“Pumpkin carving (minus the scooping out of seeds)” – Rich

“I am looking forward to decent weather, watching the leaves change colors and trying a few dates on HowAboutWe Couples.” – Felicia 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, NY Venture Capital, New York Venture Capital, US Venture Capital, ff Venture Capital, ffVC, Pumpkin Spice Lattes, Starbucks, Unikey Kevo Lock, Red Sox, Playoffs, Asia, HowAboutWe Couples, Los Angeles.


CardFlight Secures $1.6M Seed Round

The New York-based company that enables developers to integrate in-person card payments into their own app CardFlight has received $1.6 million in funding from ff Venture Capital. The mobile credit card payments app start-up moves to support more customers with its card reader and mobile SDKs.

“As consumers are spending more of their time on mobile it is a natural place for payments to become ubiquitous. The space will not be dominated by a couple of players, but many retailers will want to have their own custom solution,” said Frankel. “This is where CardFlight’s magic works. It makes in person card payments a breeze for retailers to build into their own customized solutions. It is a platform that has come of time for a huge emerging market.”

While a number of payments startups are focused on online and e-commerce payments, CardFlight focuses on the 90% of credit card transactions that are ‘card present’ and happen in person.    Additionally, CardFlight clients are typically vertical solution providers or large and medium-sized merchants, in contrast to companies that only provide closed mobile payment offerings that do not allow customization or white-labeling. 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, New York Venture Capital, ff Venture Capital, CardFlight, Seed Fund, Funding, John Frankel, Start-Up, Startup.


FirstMark Capital Hires CollegeHumor Founder Josh Abramson, and Boomi Founder Rick Nucci

FirstMark Capital, New York-based early stage venture capital firm investing in visionary entrepreneurs such as Pinterest, Aereo, and NewsCred, just hired two new venture partners, Rick Nucci and Josh Abramson.

If the serial entrepreneur’s name doesn’t immediately register, Josh Abramson’s various companies surely ring a bell. Abramson founded CollegeHumor back in 1999 and led it to become one of the most popular comedy sites on the internet. From there, Abramson went on to lead the Connected Ventures network, which is the parent company of Vimeo, BustedTees and others.

Along with CollegeHumor, Abramson also co-founded these subsidiary brands and companies, which were purchased by Barry Diller’s IAC. Josh has also been an advisor at betaworks.

Rick Nucci was the founder and CTO of Boomi, a FirstMark-backed on-demand integration technology, and one of two companies that were purchased by Dell and also backed by FirstMark, the other being Scalent Systems. 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, New York Venture Capital, FirstMark Capital, CollegeHumor, Josh Abramson, Boomi, Rick Nucci, Pinterest, Aereo, NewsCred, Connected Ventures Network, Vimeo, BustedTees, Barry Diller, Dell, Scalent Systems.


Zazma Scores $10M from Sequoia and Spark

Spark Capital, a Boston-based venture capital firm focused on early stage startups, announced it has led the $10 million first round of venture capital for Zazma, a New York-based provider of short-term financing for small businesses.

Zazma was founded in 2011 with a seed investment from Sequoia Capital to grant small businesses additional credit and flexible repayment terms to pay their suppliers. The company provides a payment service that allows B2B suppliers to drive more sales by offering incremental trade credit to their small business customers. “Internet and big data analytics are changing the financial world and Zazma is bringing this change to purchase financing by adding value to both small businesses and their suppliers through online, instantaneous approvals, and 100% payment guarantees at fair prices, said Benjy Feinberg, co-Founder and CEO of Zazma, in the announcement. 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, Boston Venture Capital, Spark Capital, Boston, MA, Early Stage Startup, Start-Up, Zazma, New York, New York Venture Capital, Sequoia, Sequoia Capital, B2B, Benjy Feinberg.


Alan Dabbiere AirWatch’s Board Chairman to Keynote Venture Atlanta Conference

Alan Dabbiere a co-founder and board chair of world’s largest mobile security and Enterprise Mobility Management provider to offer insight into broader impact of venture capital funding.

Venture capital is the lifeblood of many entrepreneurial endeavors and the attention that funding attracts can have an impact well beyond the individual startup, contributing to the economic development of the entire community. No one sees this more clearly than Alan Dabbiere, co-founder and board chair of AirWatch. Dabbiere will provide a keynote address at Venture Atlanta, Georgia’s annual two-day showcase event connecting technology innovation and investment capital. This year’s Venture Atlanta will be held October 22-23 at the Georgia Aquarium.

Prior to AirWatch, Dabbiere also founded Manhattan Associates (NASDAQ:MANH). An enthusiastic proponent of Atlanta, Dabbiere will discuss how a company’s success in gaining funding from prominent and geographically diverse venture capital firms can and should benefit the metro area and the companies seeking to grow here.

AirWatch, a global innovator in mobile security and the largest Enterprise Mobility Management (EMM) provider, recently received a $200 million Series A round of initial investment funding led by New York-based Insight Venture Partners that is widely believed to be the largest ever for any U.S. company. Source

 

Tags: Venture Capital, Venture Capital funding, Alan Dabbiere, AirWatch, Venture Atlanta Conference, Mobile Security, Software, Games, Enterprise Mobility Management, EMM, Venture Atlanta, Georgia, Georgia Aquarium, Manhattan Associates, New York, New York Venture Capital, U.S. company.


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