Ehrenberg’s IA Ventures Officially Announces Close of Second Fund
IA Ventures formally announced that it has raised a second fund, which peHUB was the first to report on last October.
Battery, Bay and USVP Could See 22x Return from Guidewire IPO
Battery Ventures, Bay Partners and U.S. Venture Partners hit a grand slam with today’s IPO of Guidewire Software Inc., which makes software for insurance companies. As a group, the three venture firms hold about 25 million shares valued at about $428 million at today’s closing price of $17.12. The firms invested a modest $19.5 million...
33Across Bulks Up with Tynt Purchase
Venture-backed behavioral advertising company 33Across Inc. announced this morning that it has acquired VC-backed Tynt Multimedia Inc. for an undisclosed amount.
It isn’t clear if Tynt’s VCs made a profit on the sale. The company, which develops solutions to track user behavior on websites, has raised $8.3 million in venture capital since 2008, according to Thomson Reuters (publisher of...
Escalate Capital Provides $6M in Debt to Healthx Following Recap
Escalate Capital Partners announced today that it has completed a $6 million debt financing for Healthx, a provider of online healthcare portals to health insurers, medical providers and employers.
The financing follows an announcement by Frontier Capital on Jan. 5 that it had partnered with Healthx’s management team to do a majority recapitalization of the company. Frontier...
Edison Leads $16M Investment in KEMP Technologies
KEMP Technologies, which makes server load balancer appliances, has raised $16 million in new funding, according to an announcement on the company’s blog. The round was led by Edison Ventures, which contributed $7.5 million, with participation from Kennet Partners and ORIX.
Thomson Reuters (publisher of peHUB) described the round as “later stage” and said the investors...
Mayfield and Venrock See Quick Exit from Redbeacon
Just 17 months after they invested, Mayfield Fund and Venrock Associates have exited Redbeacon, an online home services site acquired by Home Depot for an undisclosed amount. Redbeacon announced the sale on its blog today. Mayfield, Venrock and an undisclosed venture firm invested $7.4 million in the company in August 2010, according to Thomson Reuters...
Internet Entrepreneur Max Niederhofer Joins Accel Partners as VP
Internet entrepreneur and investor Max Niederhofer has joined Accel London as a vice president, Accel Partners’ Bruce Golden confirmed to peHUB today. No further details were immediately available.
TechCrunch was the first to report the news.
Previously, Niederhofer founded and was CEO of Qwerly, a “data API for the social Web.” He sold Qwerly to Fliptop in November for an...
Week’s Top 10 Hub Posts Feature CalPERS, Providence Equity and Stuff We’d Like to Read Less About in 2012
Here are the past week’s top 10 posts based on number of pageviews from peHUB’s regular readers. Hot topics include a portfolio of funds CalPERS unsuccessfully tried to sell on the secondary market, Providence Equity's troubles hitting its target for fund VII, and unique accounting techniques used by IPO candidates.
1. Slideshow: Someone Send...
Zynga Prices Shares at $10, Top End of Range: Report
(Reuters) - Zynga Inc. priced its shares at the top end of its expected range at $10 per share on Thusday, a source close to the process told the International Finance Review.
The venture-backed company, which is the top publisher of games on Facebook such as “FarmVille” and “CityVille,” sold 100 million shares raising $1 billion,...
Jive Upsizes IPO and Prices Above Range
(Reuters) - Jive Software Inc. priced its initial public offering at $12 per share, above its expected price range of between $8 and $10 per share, according to an underwriter. Shares of the Palo-Alto, Calif.-based company, backed by venture capital firm Sequoia Capital, are expected to start trading on Tuesday on Nasdaq under the symbol JIVE.
Jive — which...
Andreessen Horowitz Hires Away AOL PR Exec Hollars: Report
Kiersten Hollars, vice president of marketing and communications for AOL, is becoming a “PR partner” with venture capital firm Andreessen Horowitz, according to the blog AllThingsD. Hollars will report to Partner Margit Wennmachers, ATD reported Monday. Hollars’ LinkedIn profile still shows that she is with AOL, which she joined in November 2009, after 14 months as director...
