Lawrence Aragon
Theresa Sorrentino Hajer, Managing Director of Cambridge Associates, delivers a data-filled keynote presentation at Thomson Reuters’ Venture Alpha East 2014 conference in New York.
Greycroft Partners has raised $200 million for its first growth fund, following in the footsteps of Union Square Ventures and Spark Capital.
Led by the jumbo IPO of food delivery website GrubHub, 11 venture-backed companies went public in April, according to affiliate magazine Venture Capital Journal. While that was down from a 13-year high of 18 offerings in March, it was a substantial increase from April 2013.
Apigee, which makes software for companies to manage application programming interfaces (APIs), announced this morning that it has raised $60 million from new investors Pine River Capital Management and Wellington Management Co, as well as prior investors. The San Jose, Calif.-based company said it has raised $171 million to date. The valuation for the new round was undisclosed. Just four months ago Apigee raised $20.5 million at a post-money valuation of $414.03 million from Bay Partners, Norwest Venture Partners and Third Point, according to Thomson Reuters (publisher of peHUB). Apigee's other investors include Accenture, BlackRock-managed funds, Focus Ventures and SAP Ventures.
March was the biggest month for venture-backed IPOs in more than 13 years. Since August 2000, to be exact. Venture Capital Journal, our affiliate magazine, explores the results.
March was the biggest month for venture-backed IPOs in more than 13 years. Since August 2000, to be exact. Venture Capital Journal, our affiliate magazine, explores the results.
CalPERS has allocated $200 million more to its $12 billion emerging manager program. The new capital will be deployed by a new fund of funds over four years, the California Public Employees' Retirement System said Monday.
A new incubator/seed fund called Expa Capital has raised $50 million from a Who's Who of investors and company founders, including David Bonderman, Sir Richard Branson, Li Ka-Shing and Meg Whitman.
A couple of Los Angeles-based entrepreneurs have launched a small venture fund to seed Southern California startups. TYLT Lab said today that it had secured commitments for $20 million. The Santa Monica-based firm had previously filed a report with the SEC on Feb. 28 showing that it had closed on $2 million. TYLT plans to make 12 to 14 deals of $50,000 to $2 million each. Its first two investments were in Cargomatic and PogoSeat.
Amber Road, which makes logistics and trade management software, has set the price for it proposed IPO. The VC-backed company plans to sell 6.52 million shares for $10.50 to $12.50 per share, according to a regulatory filing. Its largest shareholders are Cross Atlantic, Goldman, Updata Partners, Sachs & Co, NJTC Investment Fund and Orix Venture Finance.