Video conferencing company Highfive has raised $32 million in Series B finding led by Lightspeed Venture Partners. Previous backers Andreessen Horowitz, General Catalyst, SV Angel, Aaron Levie, Drew Houston, Marc Benioff and Shishir Mehrotra all participated. “After experiencing the shift in productivity when video conferencing, web conferencing, and screen sharing are made incredibly simple, customers who started with one or two devices have come back to us to put Highfive in every meeting room,” said Shan Sinha, CEO and co-founder of Highfive. “We are seeing record growth, and we’re on track to process one million video minutes per week within the first six months of shipping, making Highfive one of the fastest growing business video conferencing providers in the industry.”
India-based online classified portal Quickr.com is close to securing a $150 million investment round from Tiger Global Management and other investors, The Wall Street Journal reports. The round values the company at more than $1 billion. Steadview Capital, a Hong Kong-based investor, is also participating, and the round could close next week.
Social media analytics company NetBase has raised $24 million in Series E funding led by Spring Lake Equity Partners. Thomvest Ventures, Altos Ventures and WestSummit Capital also participate. The company will use the extra funds to for global expansion and development. “We seek to partner with great management teams at later-stage, technology-oriented private companies to help them take their businesses to the next level, creating value for all stakeholders,” said Carmen Scarpa, founding partner at Spring Lake Equity Partners. “It was a natural decision to invest in NetBase. The company is disrupting the social analytics space with its proprietary technology and innovation, and we’re well-matched to pursue the ambitious goals for growth.”
Bangalore-based games developer Moonfrog Labs has raised $ 15 million in Series A funding from Tiger Global and Sequoia Capital, Techcrunch has reported. The company previously raised $1 million in seed funding from Sequoia. Moonfrog plans to grow its technology platform with the new financing.