THE BUSINESS OF TECHNOLOGY
With one in four doctors on their platform, Practice Fusion has become the go-to company for electronic medical records. To further solidify their corner, the company just raised $34 million in a Series C round led by hedge fund Artis Ventures. The round values the company at close to $500 million, up from about $100 million on its last surge of … [Read more...]
Putting an end to the rumors, Microsoft officially announced it has bought Yammer for a whopping $1.2 billion price tag. Continuing in its San Francisco location and managed by CEO David Sacks, the company will be blended into the Microsoft Office Division. “The acquisition of Yammer underscores our commitment to deliver technology that … [Read more...]
True Ventures, the early stage investment firm, has raised $205 million for its third fund. With more than $600 million under management and over 100 companies successfully funded, the firm supports over 200 founders. The company's blog announcing the fund lists its history of credentials, Wordpress creator Automatic and Bright Roll in its first … [Read more...]
Gemvera has raised $25 million for its online platform selling customized jewelry, which was about “twice as much as we thought we were going to raise,” CEO Matt Lauzon told the Boston Globe. The oversubscribed round of Series D financing was led by Norwest Venture Partners, with existing investors Highland Capital Partners, Canaan Partners and … [Read more...]
Pearson, the educational publisher, recently announced plans to acquire Certiport, a maker and distributor of certification and practice tests for IT skills, for $140 million in cash from Spire Capital Partners, the private equity firm. Founded in 1997, Certiport produces certification programs for Microsoft, Adobe, HP, Intuit and other … [Read more...]
Sequoia Capital is raising about $1 billion in several global funds, Fortune reported. The news organization states that the new funds might include a China-growth fund, one for growth equity and later stage companies, and another for traditional investments. Investing in seed, early and growth-stage companies since 1972, Sequoia has made … [Read more...]
Evernote, the digital note-taking company has raised $70 million in its fourth round of funding, earning the company a $1 billion valuation. The round was led by Meritech Capital and CBC Capital, with participation from funds and accounts managed by T. Rowe Price Associates, Inc., Harbor Pacific Capital, Allen & Company, and several other … [Read more...]
Avito.ru, Russia's Craigslist and biggest online classified site, has closed a new funding round of $75 million, the company recently announced. The funding comes from Baring Vostok Private Equity Fund IV, Accel Partners, and existing investors Kinnevik and Northzone. The money will be used to fuel the company's growth and invest in its … [Read more...]
Cisco has made a $100 million investment in Insieme, a networking startup launched by three Cisco employees. Cisco also retained an option to buy the company for $750 million, according to a memo obtained by the New York Times. Insieme was founded by Mario Mazzola, Luca Cafiero, and Prem Jain, three Cisco employees, as a “spin-in” company … [Read more...]
With its roadshow Wall St. pitch scheduled to begin Monday, Facebook has set a tentative IPO date for May 18, the Wall St. Journal recently reported, citing “people familiar with the matter.” Facebook CEO Mark Zuckerberg is expected to appear at some investor pitches, but not all of them, the newspaper reported. The bulk of the roadshow meetings … [Read more...]