THE BUSINESS OF TECHNOLOGY
Ooyala, the digital video platform, has raised $35 million in a Series E round of funding, led by Telstra Applications and Ventures Group, with prior investors Sierra Ventures, Rembrandt Venture Partners and CID Group participating in addition to other strategic investors. The company will use the new funding to fuel its market, particularly in … [Read more...]
Peter Thiel, the superstar investor who co-founded Paypal and made a legendary early bet on Facebook, has raised $402 million for a new fund called Mithril Capital Management, designed for late stage investments in private companies. The total target for the fund is $1 billion, according to SEC documents. Yes, Thiel borrowed the moniker for his … [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...]
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, such as … [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...]
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...]