• IT Venture Capital Investment News Round Up – 1 May 2012

    by  • May 1, 2012 • Uncategorized

    Highlights from recent IT venture capital investment activity.

    WeVideo Secures $19.2M in Funding

    Crest Capital Ventures Sees Compelling Advantages in Cloud-Based Collaborative Video Editing

    SUNNYVALE, Calif., April 24, 2012– WeVideo (www.wevideo.com), creators of the world’s most powerful and easy-to-use online video editing platform, today announced that it has secured $19.2M in a Series A funding round, led by Crest Capital Ventures of Houston, TX. The additional funding will help WeVideo to position the company as a global leader in the online video creation space for both consumers and businesses.

    The new funding comes on the heels of a number of recent product and partnership announcements involving WeVideo, including its integration with YouTube, its commercial product launch, its partnership with the Qatar Foundation International (www.qfi.org), its adoption by Startup Idol and the TechZulu news organization, the development and launch of a power video editing app for Android tablets, and “tag & bag” creation of broadcast promos.



    Moat Raises $12M Series B led by Mayfield Fund

    NEW YORK, NY, April 23, 2012– Moat Inc. (www.moat.com), a SaaS company focused on transforming brand advertising online, is announcing a $12 million Series B financing led by Silicon Valley’s Mayfield Fund, with continuing participation from existing investors. Mayfield’s Tim Chang will join the Board.

    Moat’s products include:

    •Moat Intelligence – Moat’s first intelligence product – the patent-pending Moat Ad Search – has become a very popular ad industry platform used by over 15,000 businesses including thousands of top brands, premium publishers, and ad agencies. The company will be rolling out a premium version of intelligence with enhanced data and insights.

    •Moat Analytics – Moat has created a patent-pending analytics platform to enable brand advertisers and publishers to move beyond the “click” as the primary success metric for online ad campaigns. The platform provides actionable insights to advertisers and publishers and helps measure in real-time whether consumers are paying attention and engaging with ads. Moat Analytics has already measured billions of impressions for top advertisers and publishers.

    Moat will use the funds to expand their team with a continued focus on building innovative products.


    Terascala Announces $14M Series B Funding Round Led by Strategic Partner Consortium

    AVON, Mass., April 24, 2012– Terascala, Inc., the leader in accelerating big data applications through storage I/O optimization, today announced that it has closed a $14 million Series B funding round. Strategic partners close to the company invested approximately fifty percent of the round, with Ascent Venture Partners, an early backer of the company, contributing the remainder. Terascala will use the funding to significantly expand research and development, marketing, customer support, to develop strategic alliances, and to fuel international expansion.

    “We’re thrilled to close our Series B round with a significant investment from industry leaders and continued support from Ascent,” said Steve Butler, CEO of Terascala. “Our pioneering work in developing a software stack that delivers optimized, scalable I/O on industry-standard storage appliances enables organizations to accelerate big data applications, and clearly, industry leaders are taking notice.”


    BrightTag Secures $15 Million in New Financing

    New Funding Led by Baird Venture Partners to Fuel Triple-Digit Growth for the Tag Management and Real-Time Data Distribution Provider

    CHICAGO, Ill., April 25, 2012– BrightTag, a technology platform provider for the digital marketing industry, announced today it has closed $15 million in new financing. Baird Venture Partners led the round with participation from existing investors New World Ventures, TomorrowVentures, EPIC Ventures, I2A and Silicon Valley Bank.

    BrightTag achieved 12x year-over-year growth in 2011 and is on pace to reach triple-digit growth in 2012. The company lists 1-800-Flowers.com, JetBlue Airways, Grainger and Chegg among its many enterprise clients. This latest round of financing will be used to accelerate development of BrightTag’s innovative technology platform and expand the company’s sales efforts in the US and overseas.


    ParAccel Closes Record Q1 Revenues and $20 Million Investment Round

    500% YOY Growth Fueled by Market Demand for ParAccel Analytic Platform

    CAMPBELL, Calif., April 25, 2012– ParAccel, Inc., a leading enterprise analytic platform provider, today announced record Q1 revenue and the close of $20 million in funding from its existing investors. The company will use the investment to expand and capture the growing demand for ParAccel’s analytic platform, which helps companies gain competitive advantage through unconstrained insights into their data.

    “We are off to a great start for 2012, as Q1 was the largest quarter in the history of the company,” said Chuck Berger, chairman and CEO for ParAccel. “The confidence demonstrated by our core investors doubling down on ParAccel underscores the momentum we’re experiencing with customers and the sharp uptick in market demand for ways to harness big data to develop new business insights.”



    Envivio, Inc. Announces Pricing of Initial Public Offering of Common Stock

    South San Francisco, California – April 24, 2012Envivio, Inc. today announced the pricing of its initial public offering of 7,755,000 shares of common stock at a price to the public of $9.00 per share.  The shares are expected to begin trading on The Nasdaq Global Select Market on April 25, 2012 under the symbol “ENVI.” Of the shares of common stock in the offering, Envivio is offering 6,500,000 shares and selling stockholders are offering 1,255,000 shares. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to 1,163,250 additional shares of common stock. Envivio will not receive any proceeds from the sale of shares by the selling stockholders.




    SoCloz Raises First Funding

    SoCloz, a Asnières-sur-Seine, France-based pre-shopping platform, has raised its first funding round.

    The amount of the deal was not disclosed.

    Backers include Alven Capital, FaDièse, and business angels Oleg Tscheltzoff, Geoffrey Bragadir and Cèdric Manguard.

    The company intends to use the funding to develop new partnerships and add new functionalities to its platform.

    Founded in 2010 by Jérémie Herscovic, SoCloz is a shopping assistant that allows users looking for products to identify the physical stores that have them, providing additional info related to pricing, stock levels, distance to the shop and opening times.
    The service, which will soon be available on mobile, has already monitored 755,000 products in 6,200 shops from retailers such as Darty, Conforama, Natura & Scoperte, TheKooples, The Lair di Bacco, etc.


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