THE BUSINESS OF TECHNOLOGY
Striving to provide a developer friendly platform for mobile payments, Braintree has raised $35 million in Series B financing to give Paypal a run for its money. The funding was led by New Enterprise Associates, with existing investors Accel Partners, RRE Ventures and Greycroft also participating. The round brings the startup's total funding to … [Read more...]
by Matt Gallagher, Red Herring Barely a month after its launch, SimpliVity has raised a $25 million investment led by Kleiner Perkins Caufield & Byers to help propel its “data center in a box” technology to market. Existing investors Accel Partners and Charles River Ventures also contributed. Living up to its name, SimpliVity strives to … [Read more...]
Kabbage, which provides fast liquidity to online merchants, has raised $30 million in Series C financing in a round led by Thomvest Ventures, the venture capital arm of Peter Thomson, director of Thomson Reuters. Previous investors, including UPS Strategic Enterprise Fund, Mohr Davidow Ventures, BlueRun Ventures, Warren Stephens and David Bonderman … [Read more...]
Casual meetups in China are challenging in a culture where dating game shows are an apt way to snatch up a wealthy groom and marriage qualifies as a get-to-know-you conversation starter. Translated as “Hi, stranger” in Mandarin, Momo recently nabbed an impressive $40 million Series B round for its location-based casual encounter app, as first … [Read more...]
Getty Images, the mega stock photo site, has been sold for $3.3 billion to the Carlyle Group, the Getty family and key management figures. The Carlyle Group will partner with the photo conglomerate’s co-founders Mark Getty and Jonathan Klein and the Getty family to acquire the business from private equity firm Hellman & Friedman. 50 percent … [Read more...]
Pure Storage, the flash enterprise storage company, raised another $40 million in funding, its second cash infusion despite only launching out of stealth mode a year ago. Index Ventures’ Mike Volpi led the round, with participation from existing investors Greylock Partners, Redpoint Ventures and Sutter Hill Ventures. The new funding brings the … [Read more...]
Salesforce finalized its $689 million acquisition of Buddy Media, paying $475 million in cash and 1.4 million common stock shares, according to an SEC filing. The deal is the largest contract in the history of the mega-cloud software provider's history. Founded in 2007, Buddy Media has been connecting brands to their consumers and fans in a … [Read more...]
Care.com, a care portal covering everything from childcare and tutoring to senior care to pet care to housekeeping, recently raised $50 million in its fifth round of funding. Institutional Venture Partners (IVP) led the round, with contribution from existing investors Matrix Partners, NEA, and Trinity Ventures. Care.com links up to other care … [Read more...]
GitHub has raised a jaw dropping $100 million from Andreessen Horowitz, the largest investment ever for the Sand Hill firm, according to the Wall St. Journal. The investment reportedly values the company at $750 million. The amount is surprising, but what is more surprising is that the four year old bootstrapped company actually took it. The … [Read more...]
Institutional Venture Partners, the late stage venture capital firm, has raised a $1 billion investment fund, the largest fund the firm has raised to date. Dubbed Fund XIV, the fund's target had been $750 million, the size of its late fund, but was oversubscribed to $1 billion, Forbes reported. It is the firm's 14th fund, and brings its … [Read more...]