REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
“Automattic is healthy, generating cash, and already growing as fast as it can so there’s no need for the company to raise money directly” Matthew Mullenweg, Founder, Automattic, commenting the $50m secondary investment from Tiger Global Management (continue to read here) FinSMEs 26/05/2013
According to founder Matthew Mullenweg (read here), Automattic, the company behind WordPress, received an about $50m secondary investment from Tiger Global Management. The transaction was led by Lee Fixel at Tiger Global. As explained in a post, the secondary transaction meant that the earliest investors or employees sold stock to Tiger Global versus money going […]
Orcan Energy GmbH, a Munich, Germany-based developer of Organic Rankine Cycle (ORC) Technology in small power ranges, closed a second round of financing. The amount of the transaction was not disclosed. Backers included new stategic investor E.ON and existing investors Kleiner Perkins Caufield & Byers and Wellington Partners. The company intends to use the funds […]
imo.im, a Palo Alto, CA-based messaging network that allows users to communicate across third-party messaging services, recently raised $13m in Series B funding. The round was led by co-founder and angel investor Georges Harik. The company intends to grow the imo Network over the next year and hire news people (read here). Led by Ralph […]
Uncovet, a Santa Monica, California-based recommendation platform for products by independent designers, raised $1.3m in funding. Backers included Javelin Venture Partners, Siemer Ventures, and Los Angeles-based angel Paige Craig. Founded by Heather Lipner, Uncovet provides members with home decòr and clothing products and accessories by independent designers at a discounted rate. The service, which features […]
SparkLabs, a Seoul, South Korea-based startup accelerator, has selected its second class. The selected companies are: – StyleWiki, a Seoul-based social wiki platform for fashion. – ibabybox, a Palo Alto, CA-developer of a community where parents can share, sell and discover used baby products. – Megaphone, a NYC-based developer of a participation TV platform. – […]
According to Erin Griffith of Pandodaily (read here), Conor Sports LLC, the NYC-based company that develops a social media sports game called Fandium, raised $1.25m in seed funding. Backers included unnamed investors coming from the gaming industry. The company intends to use the funds for platform development. Led by Lawrence R. Lucas, Chairman, Prentice M. […]
HQ plus, a Berlin, Germany-based developer of an online competition monitoring tool for hotels, raised its first round of funding from High-Tech Gruenderfonds. The amount of the deal was not disclosed. The company intends to use the funds for product development and sales expansion. Founded in 2012 by CEO Roland Hehn, HQ plus develops and […]
Revision Military Inc., a Quebec developer and manufacturer of ballistic eyewear, head protection systems and other protective equipment designed for military and tactical use, received a $12m investment. Backers included the Business Development Bank of Canada (BDC) which invested $7m, and the Caisse de dépôt et placement du Québec, which invested a total of $5m. […]
MediSwipe Inc., a Detroit, MI-based data management solutions company for the medicinal marijuana and health care industry, received $100k of a total of $600k funding. The backer was an unnamed Chicago based private equity fund. The company plans to use the capital to expand its marketing efforts for its system. Led by B. Michael Friedman, CEO, […]
Thumb Labs, a NYC-based mobile software development company, has been acqui-hired by Adobe (NASDAQ: ADBE) The amount of the transaction was not disclosed. Co-founded in 2009 by Jared Verdi and Rich Kern, Thumb Labs specializes in creating applications for iPhone & iOS Devices. Services include strategy, design, development, and maintenance for iOS and Android platforms. […]
Runscope, a San Francisco, CA-based provider of solutions to monitor API traffic, raised $1.1m in seed funding. Backers included True Ventures, Andreessen Horowitz, Lerer Ventures and other angel investors. Led by CEO John Sheehan and CTO Frank Stratton, Runscope allows developer to inspect, debug and test their API integrations. Built on Amazon Web Services EC2 […]
WinkApp, a Tel Aviv, Israel-based developer of a mobile app that links printed content to digital content, received an equity funding from Wadi Ventures. The amount of the transaction was not disclosed. The company intends to use the funds to continue to develop the product. According to WinkApp, its proprietary technology enables the use of […]
Folloyu, a Tel Aviv, Israel-based a cross-device continuity platform for online businesses, raised an equity funding from Wadi Ventures. The amount of the deal was not disclosed. The company intends to use the funds to expand into Europe. Led by Alfred Shaffir, Founder and CEO, Folloyu provides a cross-device continuity platform that allows web users […]
Lyft, a San Francisco, CA-based on-demand car-sharing startup, raised $60m in funding. The round was led by Andreessen Horowitz. In conjunction with the funding, Scott Weiss, a Andreessen Horowitz partner, will join Lyft’s board (read his post about the investment here). The company intends to use the funds to continue to expand nationwide. Launched in […]