Highlights from recent IT venture capital investment activity.
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Funding & Investments
July 23rd, 2012 – San Francisco, CA
Workplace Collaboration Tool Asana Raises $28M At A $280M Valuation
Enterprise workflow tool Asana has raised a $28 million Series B round, it announced earlier today, bringing its total funding to $38 million. The round was led by storied investor Peter Thiel and Founders Fund, who invested in the collaboration software alongside existing backers like Benchmark, Andreessen Horowitz, and Mitch Kapor.
July 24th, 2012 – Mountain View, CA
Tintri Raises $25M to Accelerate Adoption of VM-aware Storage
Tintri, Inc., the leading producer of purpose-built, VM-aware storage appliances, today announced that it has closed an oversubscribed $25 million funding round, led by Menlo Ventures, and joined by existing investors NEA and Lightspeed Venture Partners. This latest round brings the company’s total capital raised to over $60 million. Tintri plans to use the additional funding to accelerate both R&D and sales operations, as well as to support its continued global expansion.
July 25th, 2012 – San Francisco, CA
GoodData Raises $25 Million Series C with New Investors Tenaya Capital and Next World Capital
GoodData announced today that it has closed $25 million in Series C funding led by Tenaya Capital, with participation from new investor Next World Capital, and existing investors Andreessen Horowitz, General Catalyst Partners, Fidelity Growth Partners and Windcrest Partners. The company has raised $53.5 million in total to date.
July 24th, 2012 – Palo Alto, CA
Apigee raises another $20M to expand its powerful API platform
API management startup Apigee has raised $20 million in its fifth round of funding to help it expand into new markets, the company announced today. The new round of funding was led by Focus Ventures, with participation by prior investors Bay Partners, Norwest Venture Partners, SAP Ventures, and Third Point Ventures.
July 24th, 2012 – San Francisco, CA
Nextdoor’s $18.6M Funding Values Startup at Over $100M, CEO Says
While Facebook can help people connect to family and friends from around the world, it’s seldom used to connect folks who live on the same street. For a typical user on the social network, neighbors make up just 2 percent of friends, a Pew Research Center study found last year.
That’s the premise of Nextdoor, an online social network for neighborhoods that announced today it has raised $18.6 million from Benchmark Capital, DAG Ventures, Greylock Partners, Shasta Ventures and other investors. The funding values the company at more than $100 million, Nirav Tolia, the company’s co-founder and chief executive officer, said in an interview.
Jul 24th, 2012 – San Francisco, CA
Xamarin Raises $12M in Series A Financing
Xamarin, a San Francisco, CA-based provider of software to build native iOS, Android and Windows apps, has raised $12m in Series A financing. Backers include Charles River Ventures, Ignition Partners and Floodgate. The company intends to use the new funding to expand its mobile developer tools and to build a sales and marketing team.
July 26th, 2012 – London, UK
Six Degrees Raises £8M in Funding
Six Degrees, a London, UK-based managed data services provider serving UK mid-market and corporate customers, has raised £8m in new funding from Penta Capital. The company has also completed the acquisition of Cloud Computing Centre (CCC), a Surrey-based managed cloud hosting expert established in 1999. Led by CEO Keith Bates, Cloud Computing Centre provides over 100 mid-market hosting customers with a cloud platform complementary to the existing Six Degrees technology. It is a Microsoft Gold Partner and Silver Hosting Partner.
July 29th, 2012 – Rotterdam, the Netherlands
iCarezz Raises €20K via Symbid
iCarezz, a Rotterdam, the Netherlands-based startup that has developed an accessory enabling people to physically touch each other over the internet, has raised €20k in crowdfunding. 116 investors acquired an 8% stake in the company via equity crowdfunding platform Symbid. Founded by CEO Frederic Petrignani, iCarezz has created a membrane that enables online physical contact. According to a written statement, when a user presses the membrane, the user on the other side of the application will be able to feel this pressure through his/her own contact membrane. Applications include gaming, entertainment, family, health care, hospitals and education.
July 27th, 2012 – Dublin, Ireland
BalconyTV—Music With A View Raises First Funding Round
BalconyTV—Music With A View, a Dublin, Ireland-based international video music network, has raised its first institutional funding. Backers include Polaris Venture Partners, Lerer Ventures and Greycroft Partners. Founded by CEO Stephen O’Regan, Tom Millett and Pauline Freeman, BalconyTV provides local artists with a platform to promote their talent on an international network. It is now produced in more than 30 cities around the world and has over 7,000 archived videos that have been viewed over 30 million times.
July 26th, 2012 – Munich, Germany
carpooling.com Receives Investment from Daimler
carpooling.com GmbH, a Munich, Germany-based ridesharing network, has received an investment of undisclosed amount from Daimler AG. Daimler will take minority shareholding in the company. Following the investment, carpooling.com’s main shareholders will continue to be the three founders Michael Reinicke, Stefan Weber and Matthias Siedler, as well as venture capital firm Earlybird.
July 24th, 2012 – Berlin, Germany
DropGifts Receives Funding from T-Venture
DropGifts, a Berlin, Germany-based social gifting start up, has received a seven digit euro funding from T-Venture. The company intends to use the capital to accelerate its growth improve the service and expand its offerings.
Founded in February 2012 by CEO Adrian Renner, Andreas Fruth, Uwe Gleitz and Gerhard Trautmann, DropGifts provides iPhone and Android apps that allow users to send free and paid gift cards to Facebook friends. It recently launched a web platform that lets users customize gifts downloading photos and writing wish messages.
July 23rd, 2012 – Risskov, Denmark
iBill Danmark Raises More Than DKK10M
iBill, a Risskov, Denmark-based company that has developed a bill invoice for small and medium-sized online stores, has raised more than DKK10m in venture capital. Backers include NorthCap Partners and other undisclosed investors. ibill develops and markets invoicing and debtor handling services for online stores to offer payment services to their customers within minutes.
July 23rd, 2012 – Paris, France
Sparrow Acquired by Google
Sparrow, a “minimalist” mail application for Mac, has been acquired by Google (NASDAQ: GOOG). According to reports (read here), the sum of deal amounted to under $25m. Sparrow is joining the Gmail team (on August 24, 2012) and will continue to make the application available and provide support for users.
July 23rd, 2012 – Palo Alto, CA
Nicira acquired for $1.26B
VMware said it will acquire Nicira for $1.05 billion in cash and about $210 million of assumed unvested equity awards. The company said the acquisition, which is expected to close in the second half of the year, will position VMware to be the industry leader in software-defined networking.
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