Alastair Goldfisher
Jim Fowler, who founded Jigsaw to create crowdsourced business contacts and then sold the company to Salesforce for $175 million in 2010, has raised $17.3 million for his lates startup called InfoArmy. The funding came from Norwest Venture Partners, which was an investor in Jogsaw, and Trinity Ventures. InfoArmy has now raised $19.3 million in funding, following a $2 million Series from Fowler when the company was founded in 2011. Jeff Crowe of Norwest (and a former Jogsaw board member) and Patricia Nakache of Trinity have joined the InfoArmy board.
Marinexplore, which operates a big data platform to catalog data on the world's oceans, has raised a seed funding round led by Intertrust Technologies Corp.and several individual investors. The company tells peHUB that the amount of the seed round is $1.4 million.
Peek.com launched its website today to help travelers book restaurants, museum tours and other activies. The site is backed by a bevy of heavyweights, including Twitter and Square co-founder Jack Dorsey; TPG Capital Founding Partner David Bonderman; Innovations Endeavours founder and Google Executive Chairman Eric Schmidt; Khosla Ventures; and SV Angel. The San Francisco-based company raised […]
North Bridge Venture Partners and Floodgate have invested $5 million in Sharethrough, a provider of video advertising services. The San Francisco-based company raised a $5 million Series A round from the same two venture firms two years ago.
Borro, which operates a secured asset lending site, has raised $26 million in a funding round led by Canaan Partners and including Ribbit Capital. The company, which was launched in London four years ago and has operated out of New York since January, previously raised about $20 million from European investors. As part of the funding, Canaan General Partner Dan Ciporin has joined the board.
Lightspeed Venture Partners and Google Ventures have pooled together to invest a $10 million Series A round in the ridesharing company SideCar, which operates a peer-to-peer ridesharing network. The San Francisco-based company had previously raised an undisclosed amount of seed funding from numerous investors, including Spring Ventures, Huron River Ventures, SV Angel, Lerer Ventures, First Step Fund, Jeff Clarke, Lisa Gansky, Robert Goldberg, Jared Kopf, Konstantin Othmer, Mark Pincus, Martin Roscheisen, Josh Silverman and Thomas Varghese.
Data center provider IO has raised $90 million in equity from a group of investors led by Chicago-based venture firm New World Ventures.
Expect Labs, which recently came out of stealth to announce a voice and video calling app for the iPad that understands conversations in real-time, has raised $2.4 million in funding from KPG Ventures, IDG Ventures, Google Ventures, Greylock Partners, Bessemer Venture Partners and Quest Venture Partners. Several individual investors, including Naval Ravikant, Gil Elbaz and Don Hutchison, also invested. The San Francisco-based company expects to release its app, called MindMeld, in late October.
About a dozen years ago, the Internet bubble burst and LPs and VCs alike bemoaned an industry in which too much money was chasing too few deals. More than a decade later, the VC industry is far from dead, although it is going through many changes. More entrepreneurs are becoming investors and more angels are […]
Frank Meehan, who’s listed as an entrepreneur-in-residence at Horizons Ventures, has joined the board of the firm’s portfolio company Bitcasa. The company, a provider of storage across devices, has raised $8.5 million in total funding from Horizons, First Round Capital and Andreessen Horowitz, among others. Horizons is the private investment arm of Li Ka-Shing. Meehan […]