QuickPay Corp., a provider of mobile parking payment technology, has added Barney Pell as chief executive and wrapped up a $3.5 million seed financing. Pell was previously the Founder of Powerset, which was acquired by Microsoft in 2008. QuickPay investors include Detroit-based Fontinalis Partners, Andreessen Horowitz and Advanced Technology Ventures. Core News Facts: — QuickPay […]
Shareholder Representative Services’ latest Q&A features Amr Salahieh. Salahieh is the founder of Shifamed LLC, a Silicon Valley-based medical device incubator founded in 2009. Shifamed recently sold Maya Medical, a medical device company focused on the treatment of hypertension, to Covidien in a deal valued at up to $230 million. Salahieh discusses the incubator model, […]
In Silicon Valley, the prevailing attitude is that criticizing entrepreneurs should be off-limits. It shouldn't be.
Movea, a developer of motion processing and data fusion technologies, added a new round of funding, bagging 6.5 million Euros ($7.95 million) from Intel Capital, iSource and GIMV. Movea is based in Grenoble, France. PRESS RELEASE Movea (www.movea.com), a leader in motion processing and data fusion technologies, today announced it has secured a new round […]
Veros Systems, a developer of technology to monitor the reliability and energy efficiency of electrically powered rotating machines, has added a third tranche of a $1.5 million investment from the Texas Emerging Technology Fund. Veros Systems is based in College Station, Texas PRESS RELEASE Veros Systems today announced that it has been awarded the […]
The measure, passed by Congress in March, is designed to grease the IPO onramp for small companies. Three months after it was signed into law, signs of its impact, both expected and unexpected, are visible.
TribeHR, maker of a social HR platform, has raised $2.5 million in a new round led by Relay Ventures. Matrix Partners also participated. The infusion will go toward development of new social and mobile products, as well as to support go-to-market strategies for TribeHR’s cloud-based HR management platform, the company said. TribeHR has offices in […]
Although overall returns are low, especially for the venture industry, they are on the rise
The pension fund’s Golden State venture portfolio has commitments of $560 million and an overall IRR of 0.9% to date.
Among the CalPERS investments with falling IRRs are Khosla Ventures III and Khosla Venture Seed, both from 2009