Singapore’s Ascendas Joins Forces with Venture Capital Firm

Saigon Bund Capital Partners, a venture capital firm, has teamed up with Ascendas, Singapore’s leading business park developer, to build a $130 million (S$164.6 million) park in Ho Chi Minh City.

Yesterday, the two partners received their investment certificate at a ceremony witnessed by Emeritus Senior Minister Goh Chok Tong.

Mr Goh, who is on a four-day visit to Vietnam, told top city officials he met that Singapore’s significant property investment in Ho Chi Minh City signals its confidence in Vietnam’s future.

This latest business park, to be called OneHub Saigon, will be ready in seven years’ time.

Mr William Tay, Ascendas’ South-east Asia chief executive, said it is eyeing high-tech manufacturers and companies in information technology, media and outsourcing to occupy the park.

“Vietnam is moving towards a knowledge-based industry, and we want to capitalise on that growth,” he added, noting that Vietnam is aggressively promoting a “technology corridor” of science and research-based companies, much like Singapore’s corridor comprising the Science Park, National University of Singapore and the Nanyang Technological University.

The new business centre is Ascendas’ second in Vietnam. The first is a 500ha park in northern Binh Duong province, built for manufacturers.

Source: AsiaOne

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Saigon Bund Capital Partners, Ascendas, Singapore, Emeritus, Goh Chok Tong, Vietnam, Mr William Tay, Science Park, National University of Singapore, Nanyang Technological University, Binh Duong.


The Growth of Technology Sector in Wisconsin

Bill Linton, a smart young entrepreneur, in 1984 stood up in front of a group of investors at the first Madison Venture Fair talked about a company that was selling molecular biological products, such as enzymes and nucleic acids, to researchers and laboratories.

That company is now called Promega. Along with 11 other companies, mostly in their early stages, Promega was one of the first presenters in a conference format that has endured in various forms since 1984. Known the past 10 years as the Wisconsin Early Stage Symposium, it was previously the Madison Venture Fair, the Wisconsin Venture Fair, the Wisconsin Venture Conference and the Wisconsin Life Sciences Venture Conference.

By whatever name, the annual match-making event has introduced up-and-coming companies to prospective investors and contributed to Wisconsin’s high-growth economy.

This year’s event, set for Nov. 12-13 in Madison, will again provide platforms for emerging companies to pitch their ideas and business plans. Those 40 or so companies will range from firms that have raised angel or venture capital in the past to first-time presenters with little more than a compelling idea.

Source: Wisconsin State 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, Bill Linton, Madison Venture Fair, Promega, Wisconsin Early Stage Symposium, Madison Venture Fair, Wisconsin Venture Fair, Wisconsin Venture Conference, Wisconsin Life Sciences Venture Conference.


Venture Capital Accelerator Joins Forces with Zions Bank

Zions Bank has teamed up with a venture capital accelerator, which is planning to expand into Idaho.

The Wayne Brown Institute has helped companies raise more than $8 billion in its 30-year history, according to Zions Bank. It’s seeking mentors, sponsors and companies in need of investors.

The institute wants seasoned business people, serial entrepreneurs, investors and students to help companies in Idaho.

It’s working with Zions Bank’s Business Resource Center at Eighth and Main in Boise.

Source: Idaho Press-Tribune

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Zions Bank, Venture Capital Accelerator, Idaho, Wayne Brown Institute, Business Resource Center.


SBA Strengths Its Impact Investment Fund

Impact Investment Fund, a venture capital program for “impact investments”, has been boosted by its creator Small Business Administration (SBA).

SBA’s Impact Investment Fund was created in 2011 as part of the agency’s already-existing Small Business Investment Companies program. The agency has been allocating $200 million in SBA-guaranteed debt to the Impact Investment Fund, which is then available to SBICs that are licensed as Impact SBICs. These SBICs commit to investing at least 50 percent of their capital in impact investments. Like other SBICs, they can get $2 of SBA-guaranteed debt for every $1 in capital they raise from investors, such as banks, pensions funds or wealthy individuals.

The Impact Investment Fund was created as a five-year pilot. On Thursday, the SBA announced it would continue the fund beyond 2016.

Source: San Antonio 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, Impact Investment Fund, Impact Investments, Small Business Administration, SBA, Small Business Investment Companies, Banks, Pensions Funds, Wealthy Individuals.


Software Firm Centage Secures $9.5M in Equity Backing

Centage Corporation, a Natick-based provider of budgeting and forecasting software, has been backed by TVC Capital, a boutique San Diego private equity firm, with $9.5 million.

It focuses on small and medium size businesses and seeks to simplify the process. Centage has more than 600 customers in many markets, including insurance, nonprofit organizations and manufacturing.

The money will be used to expand the company’s product portfolio to include cloud-based software. It also will go toward marketing efforts both domestically and internationally.

TVC Capital specializes in investments in software firms. Northgate Capital also participated in the funding round. Northgate is a private equity and venture capital investment firm with $4 billion in assets under management.

Source: U-T San Diego

 

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, Centage Corporation, Natick, Forecasting Software, TVC Capital, San Diego Private Equity, Boutique Private Equity, Northgate Capital, Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry.


Hawaiian Entrepreneurs with More Opportunities of Investment

Hawaii Venture Capital Association discussed about crowdfunding, royalty finance and syndicate funds to invest into entrepreneurs in Hawaii.

Entrepreneurs in Hawaii have more opportunities for investment past the usual friends and families and venture capital sources.

Crowdfunding, royalty finance and syndicate funds were just some of the options discussed at the monthly Hawaii Venture Capital Association’s luncheon on Thursday.

HVCA board member Rob Robinson said most startups operate by bootstrapping, and do not receive money from venture capital or other investments. He said 90 percent of startups receive money from the three Fs – Founders, Friends and Families. For many innovative startups, the route to funding goes from bootstrapping to angel investors, venture capital, followed by non-financial corporations, equity markets and then commercial banks.

Source: Pacific Business 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, Hawaii Venture Capital Association, HVCA, Crowdfunding, Royalty Finance, Syndicate Funds, Hawaii, Rob Robinson, Startup.


Skillz Inc. Banks $3M in Equity Funding and $3M in Venture Debt

Andrew Paradise, the CEO of Skillz Inc., the Angry Birds, Fruit Ninja or Candy Crush creator, announced it has raised $3 million in equity funding and $3 million in venture debt to bring play-for-cash functionality to mobile games.

Skillz’s lead investor is Boston-based Atlas Venture, with other backers including NextView Ventures and individuals angels Mark Jung, the former CEO of digital entertainment website IGN, and Chris Gaffney, the co-founder of Great Hill Partners.

Atlas Venture has also backed Draft Kings, a company that offers daily fantasy sports games played for fun or cash stakes.

Such games are “skills-based” rather than games of chance, explains Atlas Venture Partner Jeff Fagnan, so they’re not considered to fall in the category of online gambling.

The market is embracing these games, both in terms of consumer adoption and as a new model that can help game studios monetize their creative work.

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, Andrew Paradise, Skillz Inc., Angry Birds, Fruit Ninja, Candy Crush, Boston, Boston Venture Capital, Atlas Venture, NextView Ventures, Mark Jung, IGN, Chris Gaffney, Great Hill Partners, Jeff Fagnan.


Superpedestrian Eyes to Expand Its Hybrid Bicycle System

Spark Capital, General Catalyst and distinguished group of individual investors injected into Superpedestrian Inc. the amount of $4 million to finance the release of its Copenhagen Wheel, a high-tech system that turns standard bicycles into hybrid electric bikes.

Superpedestrian, creators of the Copenhagen Wheel, was honored today when the design world came together to celebrate the laureates of the Red Dot: Design Concept Awards 2014. The Copenhagen Wheel emerged as an award winner from a record 4,791 entries hailing from 63 countries, receiving the “Best of the Best” in the category of mobility. Moreover, of three finalists, the Red Dot jury selected the Copenhagen Wheel as the winner of the Red Dot: Luminary – the highest Red Dot distinction given.

The award comes on the heels of a new round of $4 million in funding from lead investor Spark Capital, General Catalyst and a distinguished group of individuals including Oscar-winning actor Jared Leto and former Akamai CEO Paul Sagan. The funding will fuel production of the Wheel and the expansion of Superpedestrian’s team of robotics engineers, manufacturing specialists, designers and software developers.

Source: VentureFizz

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Spark Capital, General Catalyst, Superpedestrian Inc., Copenhagen Wheel, Hybrid Electric Bikes, Red Dot, Design Concept Awards 2014, Jared Leto, Akamai, Paul Sagan.


Agrisoma Reveals First Closing of Its Series A Financing Round

An agriculture technology company Agrisoma Biosciences Inc. reported the first closing of its Series A financing round.

The funding round was led by Cycle Capital Management and included participation of BDC Venture Capital, one of Agrisoma’s current equity investors.

Steven Fabijanski, President and CEO stated, “We are very proud to include an experienced team like Cycle Capital Management as a new partner in our business. We welcome their expertise and network. We are also very excited to have one of our current equity partners, BDC Venture Capital, continue their support of the company as we focus on expanding our commercialization to new regions of production.”

Source: Canada 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, Agriculture Technology Company, Agrisoma Biosciences Inc., Cycle Capital Management, BDC Venture Capital, Steven Fabijanski, BDC Venture Capital.


Real Estate Crowdfunding Platform Fundrise Adds $3.6M into Initial Round

Fundrise, the most well-financed of a new crop of startups pooling investors to back real estate projects, has raised an extra amount of $3.6 million to its Series A funding round, reaching a total mark of $38 million.

New investors in the Series A round, which remains open, include Guggenheim Partners, Rockrose President Justin Elghanayan and James Ratner, the chairman and chief executive of Forest City Commercial Group.

Its lead investor is the Chinese social networking company Renren Inc., whose chairman and CEO, Joseph Chen, is on Fundrise’s board.

Fundrise continues to look for high-caliber institutional investors who can help the business, according to co-founder and President Daniel Miller.

“We overcapitalized ourselves, not just for technology, but we need a balance sheet to be credible to real estate companies and investors,” Mr. Miller said. “We want to be around for the long haul.”

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, Fundrise, Startup, Real Estate, Real Estate Crowdfunding, Real Estate Crowdfunding Platform, Real Estate Fund, Guggenheim Partners, Justin Elghanayan, James Ratner, Forest City Commercial Group, China, Chinese Social Networking, Renren Inc., Joseph Chen.


Venture Capital Trusts Performance Rises 10% in 2014

The amount of new capital brought in Venture Capital Trusts (VCTs) during 2013-2014 climbed by 10 percent or £40 million, official government statistics reveal.

As part of yearly figures released by the government, which are generated from a number of sources, a total of £440 million of VCT fundraising has been recorded for the period between 6 April 2013 and 5 April 2014.

Since being introduced by a Conservative government in 1995, the VCT scheme has encouraged individuals to invest directly into a range of unquoted smaller, higher-risk trading companies. VCTs are listed on a UK stock exchange and are exempt from corporation tax on any capital gains arising on disposal of investments.

For a company to qualify for VCT investment, it must have less than 250 full-time staff and possess growth assets not exceeding £15 million before, or £16 million immediately after, investment.

Other tax reliefs available include income tax relief at the rate of 30 per cent up to £200,000 annual investment and no income tax payable on dividends.

Source: GrowthBusiness

 

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 Trusts, VCTs, UK Stock Exchange.


Standard Chartered’s Private Equity Buys An Giang

Standard Chartered Private Equity Ltd, the private equity and venture capital arm of Standard Chartered PLC, has acquired stake in An Giang Plant Protection JSC from Vietnam-focused investment company VinaCapital Vietnam Opportunity Fund Ltd.

VinaCapital will sell its 23.6% stake in An Giang, the Vietnam-based pesticides maker, for USD63.1 million in cash.

Andy Ho, Chief Investment Officer at VinaCapital, said the proceeds from the divestment will be used to pursue some potential private equity investment opportunities and to fund its ongoing share buyback programme.

“This significant divestment highlights the quality of VinaCapital’s overall investment portfolio and provides further evidence to support our belief; that VinaCapital’s share price to net asset value discount is too wide,” Ho added.

Source: London South East

 

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, Standard Chartered Private Equity Ltd, Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Standard Chartered PLC, An Giang Plant Protection JSC, Vietnam, VinaCapital Vietnam Opportunity Fund Ltd, Andy Ho.


Sequoia Capital Joins Numerify Partners Series B Round

Sequoia Capital led the $15 million series B financing round for Numerify, a cloud-based analytics company focused on the Business of IT.

Numerify has received a total of more than $23M in financing to date, including a Series A round of $8.25M led by Lightspeed Venture Partners, who also participated in the Series B round. Other investors in Numerify include Amit Singh, president of Google for Work, Deep Nishar, senior vice president of products & user experience at LinkedIn, and Lane Bess, former CEO of Palo Alto Networks. In conjunction with this news, Doug Leone, partner at Sequoia Capital, will join Numerify’s board of directors.

“Most IT executives are ‘flying blind’ when it comes to understanding the financial and operational dimensions of their service delivery, and they don’t usually have the money, time, or talent to invest in the type of analytics solution needed to effectively run IT like a business,” said Doug Leone, partner at Sequoia Capital and board member at ServiceNow. “Numerify’s IT Business Analytics application solves this problem beautifully–with the entire stack in the cloud–making it fast and easy for customers to arrive at precise and actionable insights.” Leone goes on to discuss why he invested in Numerify in this video available on the Numerify website.

Source: CNBC

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Sequoia Capital, Numerif, Cloud Analytics Company, IT Business, Lightspeed Venture Partners, Amit Singh, Google, Deep Nishar, LinkedIn, Lane Bess, Palo Alto Networks, Doug Leone, ServiceNow.


New Enterprise Associates Leads a $104M Round for Adaptimmune

An Oxford, UK-based biotechnology company Adaptimmune secured $104 million in funding round led by a global venture capital firm New Enterprise Associates (NEA).

One of Britain’s fastest-growing biotech companies has raised $104m from US venture capital funds in a sign that American investors are looking to Europe for opportunities after the surge in US biotech valuations over the past two years.

Adaptimmune won backing from several of the biggest US life science funds to bolster its position in the race to develop a new generation of drugs that harness the immune system to fight cancer.

The fundraising comes three months after the Oxford-based company agreed a $350m partnership with GlaxoSmithKline, Britain’s largest pharmaceuticals group.

Adaptimmune is focused on a field called engineered T-cell therapy that involves modifying some of the body’s disease-fighting white blood cells in a way that improves their ability to hunt and destroy cancer cells.

Source: Financial 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, New Enterprise Associates, Adaptimmune, Oxford, UK, British Biotechnology Company, New Enterprise Associates, NEA, American Investor, Europe, US Life Science Funds, GlaxoSmithKline.


kubo.financiero Secures Investment from Alta Ventures

Alta Ventures México and Capital Emprendedor invested the amount of $1.7 million into kubo.financiero, the company plans to reach the amount of $3.7 million of capital.

With this investment, kubo.financiero aims to highly disrupt the financial sector in Mexico, by significantly reducing the interest rates to borrowers, and by creating a new asset class for retail investors seeking higher returns.

kubo.financiero is a fintech company that creates online financial communities that link creditworthy borrowers with savvy investors through a peer to peer lending (P2P) business model. We reduce intermediation costs by operating a branch-less model, and leveraging technology and credit information systems. With our P2P lending model we aim to connect a new market niche that offers a faster, smarter way to borrow and invest. With this strategic approach we hope to trigger a multiplier effect between supply and demand for finance that generates social and economic impact.

Source: lavca.org

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Mexico, Mexico Venture Capital, Alta Ventures México, Capital Emprendedor, kubo.financiero.


Silicon Valley Venture Capital Firm is Bringing Money Back to Brazil

A Silicon Valley located venture capital firm Sequoia Capital is returning to invest in Brazil, the largest country in both South America and the Latin American region.

Just a little more than a year after pulling back from South America, it has led a new $13.8 million round in Nubank, a financial services start-up based in São Paulo. Its latest investment in Brazil comes despite recession and political uncertainty with presidential elections coming next month.

Kaszek Ventures, the Buenos Aires-based venture capital firm that was an original Nubank backer, joined the round, as did a new investor, Nicolas Berggruen, through Berggruen Holdings.

Filings with the Securities and Exchange Commission indicate that the transaction closed in late August but did not identify the investors. Doug Leone, Sequoia’s managing partner, and David Velez, the founder and chief executive of Nubank, spoke to DealBook about the deal this week.

Source: New York 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, Silicon Valley, Silicon Valley Venture Capital, Sequoia Capital, Brazil, South America, Latin America, Latin Region, Nubank, São Paulo, Kaszek Ventures, Buenos Aires, Buenos Aires Venture Capital, Nicolas Berggruen, Berggruen Holdings, Securities and Exchange Commission, Doug Leone, David Velez, DealBook.


Cary Adams Forms Health Care Venture Capital Fund

Almond Tree Capital LLC, healthcare-focused venture capital fund, has been launched by Cary Adams, a longtime local attorney, and Christian Renaudin, managing partner of the MarkeTech Group LLC in Davis.

“Everywhere you look in health care there are huge opportunities to make it better, more efficient and cheaper,” Adams said.

Adams was the founder of the Sacramento Angels, and as an angel investor has put his own money into 14 startups. This is the first time he is investing other people’s money.

Adams and Renaudin have about 25 companies in their pipeline of interest. They are seeking investments that have a “stellar, experienced team working on elegant solutions for big problems.”

Sacramento is a strong market for health care technology companies because it is home to so many hospitals, medical groups and physicians. And the timing is good now because investments into medical startups have been become so rare in recent years, Adams said.

Source: Sacramento 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, Healthcare Venture Capital, Almond Tree Capital LLC, Cary Adams, Christian Renaudin, MarkeTech Group LLC, Davis, Sacramento Angels.


Angel Investors’ Growing Activity

Following to University of New Hampshire Center latest data released for Venture Research, angel investors have quietly increased their investment activity, which is up 8% from 2012 to 2013.

North Carolina is one example supporting this national trend. Our data show that through the first half of 2014, undisclosed investors, which include angels, high net-worth individuals, family offices and other accredited investors, participated in two-thirds of North Carolina’s entrepreneurial equity deals. While we can’t determine angels’ share of the nearly $240 million in equity investment, our data do signal a departure from the pre-recession, venture-dominated investment landscape – indicating that the startup funding paradigm is shifting, especially outside Silicon Valley, Boston and New York.

Traditionally, angel activity has been limited to relatively few individuals investing at the seed stage, with most later-stage investment coming from sizable venture-capital rounds backed by institutional limited partners. Until recently, many VCs wanted little to do with angels, viewing them as amateurs, and angels lacked the opportunity to invest outside their local entrepreneurial communities.

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, University of New Hampshire Center, Venture Research, Angels, Angel Investors, North Carolina, Family Offices, Silicon Valley, Boston, New York.


Jim Mazzo Joins Healthcare-Focused Venture Capital Firm

Versant Ventures, the healthcare-focused venture capital firm, announced the appointment of Jim Mazzo as an operating partner.

In the accompanying press release, Versant noted how Mazzo also would be installed as CEO of portfolio company AcuFocus, and that previously was CEO of a company that was sold to Abbott Labs in 2009 for $2.8 billion. Not mentioned was how the Securities and Exchange Commission had charged Mazzo with insider trading related to that big sale, and that some others involved in the case already had been indicted in federal court.

Which brings us to yesterday, when Mazzo also was on the short end of a 41-count federal indictment. If Versant didn’t see this coming, then it had wrapped a few towels around its eyes and stuck its head in a bucket of mud. Or else, for whatever reason, it just doesn’t care.

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, Healthcare-Focused Venture Capital, Versant Ventures, Jim Mazzo, AcuFocus, Abbott Labs, Securities and Exchange Commission.


Trinity Capital Backs Nanotherapeutics with $8M

Nanotherapeutics, Inc., a rapidly-growing integrated biopharmaceutical company located in Alachua, Florida, secured $8 million in investment from Trinity Capital Investment, a leading provider of venture loans and leases to emerging growth companies.

Nanotherapeutics was searching for a new lender to refinance its existing debt structure as well as provide additional working capital to expand its manufacturing infrastructure. Having been awarded more than $500 million of contracts and grants, Nanotherapeutics is engaged in an array of biopharmaceutical development and manufacturing activities.

“Trinity has been our capital partner since 2011,” commented James M. Mathew, Chief Financial Officer of Nanotherapeutics, Inc. “The Trinity team has taken the time and put in the hard work to understand our Company, where we are headed as an organization, and brought us both capital and ideas to help finance our plans. I highly recommend Trinity Capital to add value to fast growing businesses that need a capital partner who can quickly make the right decisions and get transactions done.”

Source: Trinity Capital Investment

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Nanotherapeutics, Inc., Biopharmaceutical Company, Alachua, Florida, Trinity Capital Investment, James M. Mathew.


Vancouver’s Hootsuite Media Secures $60M in Funding

Hootsuite Media Inc., the world’s most widely used social media relationship platform, has secured the amount of $60 million in investment and now is heading towards IPO.

The Vancouver-based company declined to identify the lead investor other than to describe it as a large Boston-based asset manager. The Wall Street Journal earlier this month reported Boston-based mutual fund Fidelity Investments was leading a $35 million round in Hootsuite that valued the company at close to $800 million.

Existing investors Accel Partners, Insight Venture Partners and OMERS Ventures also participated in the Series D round, which hikes total outside funding to $250 million.

Competing against the likes of Salesforce.com Inc., SimplyMeasured Inc., SproutSocial Inc., HubSpot Inc. and many others, Hootsuite enables enterprises to track and analyze what is being said about them and their brands across Facebook, Twitter and other social networks.

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, Hootsuite Media Inc.,, Social Media Relationship Platform, Vancouver, Boston, The Wall Street Journal, Boston, Fidelity Investments, Accel Partners, Insight Venture Partners, OMERS Ventures, Salesforce.com Inc., SimplyMeasured Inc., SproutSocial Inc., HubSpot Inc., Facebook, Twitter.


Bitcoin Services Coinify Secures Multi-Million Dollar Investment from SEED Capital

Coinify, Danish bitcoin services startup, is so pleased to announce that have received a multi-million dollar investment from Denmark-based SEED Capital.

The investment will be used to expand the start-up’s bitcoin payment services for private and business clients in Europe, though the company also operates in the global market.

Richard Breitner, investment manager at Seed Capital, said his firm was mostly interested in Coinify’s technology and platform, and believes the bitcoin protocol may have use in how unique digital assets are transferred in the future.

The Danish VC’s capital injection marks the first investment by a Danish venture capital or private equity firm into the “cryptocurrency” sector.

This is only the second bitcoin-related investment from a Nordic firm, following Creandum’s series-A for Swedish KnCMiner earlier in September, though a number of business angels have invested in the industry.

According to Coinify, it is also the first continental European venture capital investment in a provider of retail bitcoin payment services.

Source: unquote”

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Coinify, Bitcoin Services, Bitcoin Services Startup, Startup, Denmark, SEED Capital, Europe, Richard Breitner, Danish Venture Capital, Danish Private Equity, Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, European Venture Capital.


Larosa’s Mr. Liam A. Butler Speaking at The Venture Capital World Summit in Oct.

Mr. Liam A. Butler, CEO and President of Larosa Group, is pleased to announce that is set to give a speech Cardiff Wales on October 17th 2014 at The Venture Capital World Summit.

The Summit hopes to raise awareness of important issues that most businesses need to consider, including upcoming emerging markets and niches, and the latest business funding ideas such as crowd-funding and multiple funding.

This major event is designed to give Venture Capitalists a place to share information and discover some of the latest trends in business financing. Everyone from business owners to academics will be in attendance broadening their collective knowledge base and finding new capital opportunities.

The event will feature over 20 experienced business speakers and dozens of breakout sessions providing occasions to share and learn. The event will include information regarding asset management, businesses for sale, mergers, acquisitions, and start-ups. There will also be personal development and inspirational sessions to help attendees improve themselves, as well as their businesses.

Source: The Best Spyphone Software

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Liam A. Butler, Larosa Group, Cardiff Wales, The Venture Capital World Summit, Venture Capitalists.


Sequoia Capital Leads $15M Series B Financing for Numerify

Sequoia Capital, an American venture capital firm located in Menlo Park, has led a $15 million in series B financing round for Numerify that is planning to continue building out its cloud-based business analytics product portfolio.

Sequoia Capital led the Series B financing round, with participation from Lightspeed Venture Partners; Amit Singh, president of Google for Work; Deep Nishar, senior vice president of products and user experience at LinkedIn; and Lane Bess, former CEO of Palo Alto Networks.

The Cupertino, California-based company provides IT business analytics through Numerify360, its cloud-native platform that assists organizations with gaining visibility into IT assets through each stage of their productive use.

Numerify said it will use the additional funds to expand its marketing sales and efforts, as it seeks to double the size of the company in the next year. It also plans to fill out its suite of cloud analytics applications.

Source: Talkin’ Cloud

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Sequoia Capital, American Venture Capital, US Venture Capital, Menlo Park, Menlo Park Venture Capital, Numerify, Lightspeed Venture Partners, Amit Singh, Google, Deep Nishar, LinkedIn, Lane Bess, Palo Alto Networks, Cupertino, California, IT Business, Numerify360.


HoneyBook Secures $10M in Series A Venture Capital

A maker of business software for wedding planners and related vendors HoneyBook Inc. has secured the amount of $10 million in Series A financing, co-founder and Chief Executive Oz Alon said.

The invite-only platform is intended to redefine how event-oriented professionals conduct their business, including event planners, photographers, and florists. The customizable dashboard offers tools for payments to vendors, creative brainstorming, and decision making.

“HoneyBook is modernizing the creation of experiences by giving creative businesses and their clients the ability to easily collaborate in producing and sharing memorable, flawless experiences,” CEO and co-founder Oz Alon said in a statement.

The beta was launched in early 2014, and the company said it has achieved 30 percent growth month-over-month and 100 percent customer retention since then. HoneyBook said the new funding will be used to support product development and to launch in major markets around the U.S.

Source: VentureBeat

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Wedding Business Software, Software, HoneyBook Inc., Oz Alon.


Textiles Ministry Forms Rs 35 crore Venture Capital Fund to Support Startups

Textiles Ministry is launching Tex-Venture Capital Fund, a Rs 35 crore venture capital fund to provide support to startups, in association with Small Industries Development Bank of India (SIDBI).

“The primary objective of the fund will be to make early and growth stage investments in small enterprises. These will be innovative enterprises in new and emerging fields in textiles industry, including powerloom sector and allied products & services.”

“Textiles Ministry and SIDBI are the initial contributors to the fund which is expected to commence with a minimum corpus of Rs 35 crore while the targeted fund size is Rs 80 crore,” SIDBI Deputy Managing Director NK Maini said.

SIDBI is the fund’s sponsor and each investment will be limited to Rs 3 crore. The funds will commence operation shortly, Maini added. Textiles Minister Santosh Gangwar, who was here to chair the state textiles ministers’ conference, said: “To provide equity to start-up entrepreneurs, we shall be launching a Tex-Venture Capital Fund in association with SIDBI. The fund shall be started with an initial capital of Rs 35 crore and scaled up further.”

Source: News18

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Textiles Ministry, Tex-Venture Capital Fund, Startup, Small Industries Development Bank of India, SIDBI, NK Maini, Santosh Gangwar.


Palo Alto Venture Capital Firm Leads $50M Funding Round for Teladoc

Jafco Ventures, a Palo Alto-based leading technology venture capital firm, has led a $50 million equity funding round for Teladoc, the nation’s largest telehealth provider.

This funding will further reinforce Teladoc’s leadership position and support the acceleration of its robust growth strategy.

“Teladoc has experienced phenomenal growth. After doubling revenue in each of the last two years, we look to accelerate this trend,” said Jason Gorevic, CEO of Teladoc. “This sizeable investment will allow us to quickly develop new products and services that deliver additional value for our customers while simultaneously expanding into new markets and distribution channels. Our goal is to extend our significant lead in the industry such that Teladoc is the de facto brand in Telehealth.”

Teladoc will continue to pursue growth organically and through additional strategic partnerships and targeted acquisitions. The company is anticipating record-setting growth in January 2015 on the heels of its strongest selling season ever.

Source: Citybizlist

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Palo Alto, Palo Alto Venture Capital, Jafco Ventures, Teladoc, Jason Gorevic.


Facebook’s Eduardo Saverin Leads $14M Series B Funding for Silvercar

Silvercar, an Austin-based app startup that launched in 2012 and rents silver Audi A4s at seven U.S. airports, has raised $14 million in its series B funding round led by Eduardo Saverin, billionaire Facebook co-founder.

This financial support will help Silvercar expand its Audi A4 rental service to other airport locations — financing vehicles as well as helping to pay airport concession fees, CEO Luke Schneider told The Wall Street Journal.

Investors include Eduardo Saverin, co-founder of Facebook, Velos Partners, Austin Ventures and CrunchFund, according to the report. Saverin recently supported FlightCar, a peer-to-peer car-sharing company that slows travelers to rent out their vehicles.

Currently, Silvercar has eight airport locations including Austin, San Francisco, Los Angeles, Dallas, Denver, Miami and Phoenix.

Source: Auto Rental 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, Silvercar, Austin, App Startup, Audi A4s, US, US Airport, Eduardo Saverin, Facebook, Luke Schneider, Wall Street Journal, Velos Partners, Austin Ventures, CrunchFund, FlightCar, San Francisco, Los Angeles, Dallas, Denver, Miami, Phoenix.


Seattle Venture Capital Firms Back Pro.com with $14M

Seattle venture capital firms Madrona Venture Group and Maveron led a $14 million funding round for Pro.com, the Seattle startup that’s looking to make it easier to find home improvement specialists, from plumbers and electricians to roofers and landscapers.

The funding follows a $3.5 million round that Pro.com announced in May, which included participation from Amazon.com founder Jeff Bezos, Sherpa Ventures and Andreessen Horowitz.

Pro.com is led by Matt Williams, the former Digg CEO who sold the Seattle startup LiveBid to Amazon.com in 1999. He then worked at Amazon.com in a number of roles.

The online marketplace emerged earlier this year in Seattle’s South Lake Union neighborhood, touting a new way for home owners to find home improvement professionals over the Web. Today, the company said that over $140 million worth of home improvement projects have flowed through the site in the past few months.

Source: GeekWire

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Seattle, Seattle Venture Capital, Madrona Venture Group, Maveron, Seattle Startup, Startup, Pro.com, Amazon.com, Jeff Bezos, Sherpa Ventures, Andreessen Horowitz, Matt Williams, LiveBid, South Lake Union.


TopOPPS Raises $1.25M from Venture Capital Backer

St. Louis-based venture capital firm Cultivation Capital has led a $1.25 million financing round for TopOPPS, the sales pipeline analytics startup founded by serial entrepreneur Jim Eberlin in early January.

The money will be used to help grow TopOPPS’ team, Eberlin said, as the company better product/market fit.

As part of the deal, Cultivation Capital General Partner Cliff Holekamp will join TopOPPS’ board of directors.

Cultivation Capital helped lead a $700,000 seed round for TopOPPS in March.

Eberlin declined to disclose revenue figures. The company has more than 20 employees at its office at 611 N. 10th St., in downtown St. Louis.

TopOPPS was founded by Eberlin following his exit from Gainsight.

Eberlin remains on Gainsight’s board of directors.

TopOPPS sponsored the first-ever GlobalHack hackathon in February, where Eberlin paid $60,000 for two prototypes that will play a vital role in TopOPPS’ platform. Eberlin got a chunk of his team through GlobalHack, too, including the company’s chief technology officer.

Source: St. Louis 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, St. Louis, St. Louis Venture Capital, Cultivation Capital, TopOPPS, Startup, Jim Eberlin, Cliff Holekamp.


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