THE BUSINESS OF TECHNOLOGY
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 … [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...]
The Red Herring editorial team selected the Finalists for the 2012 Red Herring 100 Americas Award. This group of companies is the short list for the Top 100 award. They are the most innovative and promising companies from a pool of hundreds from across North America. The Finalists are evaluated on both quantitative and qualitative criteria, … [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 … [Read more...]
By Igor Sill The recent capital markets have reinvigorated investor confidence in venture-backed companies to the levels of 2004, when the IPOs of Google and Salesforce debuted. The pent up current IPO pipeline represents a significant liquidity window and exceptional returns for Venture Capitalists and their Limited Partner (LP) … [Read more...]
The Red Herring editorial team selected the 2012 Top 100 Europe. This exceptional group of companies are among the most innovative, unique and promising companies selected from a pool of hundreds from across Europe. The Top 100 were evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, … [Read more...]
WeVideo, a cloud-based video editing platform, has secured a $19.1 million funding round, led by Crest Capital Ventures of Houston, Texas, according to DMW Media. The company plans to use the funding to invest in its development team and expand the product's offerings. While most desktop editing software is limited by the hardware of the … [Read more...]
Innospring, the first US-China incubator, has officially launched its seed fund and support network for Chinese startups seeking American exposure and expansion as well as American companies seeking a piece of China's pie. The InnoSpring Seed Fund will provide seed financing for selected startups that have already been part of Innospring's … [Read more...]