Alastair Goldfisher
The mobile app developer Swell has raised $5.4 million in Series A funding led by Draper Fisher Jurvetson and including Google Ventures, InterWest Partners, Correlation Ventures and Draper Nexus Ventures. The Palo Alto, Calif.-based company previously raised $1.8M in seed funding from Google Ventures, Charles River Ventures, DFJ, Andreessen Horowitz, Inspovation Ventures and individual investors.
Exitround, a site for seed-funded companies to find potential acquirers, announced today it has culled together an industry council. The site, which was launched in March, also announced its stats after four months of operation, including the fact that more than 200 potential acquirers have been drawn to the site.
VCJ's July issue cover story by Mark Boslet looks at how hardware and VCs are in love with the new generation of devices.
If the picture of Baxter the robot on the cover looks familiar, it’s because last month, our contributor Tom York reported on the resurgence that robot technology is getting from the venture industry. It’s not just for science fiction movies anymore. And so we went to Menlo Park and visited the office of Draper Fisher […]
Replicon Inc., which provides cloud-based timesheet software to track employee time and expenses, announced it has raised US$20 million in Series A funding led by U.S. venture capital firms Emergence Capital Partners and The Social+Capital Partnership. The company, which has offices in Calgary, Alberta, and San Mateo, Calif., was founded in 1996. Replicon will use the new funds to support growth, with a focus on continued development of its direct sales channel, and extending its reach into Europe and APAC.
Corporate health and wellness startup Keas quietly announced today that it has raised $8 million in additional funding from Ignition Partners and Atlas Venture. The San Francisco-based company, which helps corporations promote healthy behavior among its employees, had previously raised about $18 million in venture funding, since the company was founded in 2009. Keas is part of a new wave of next-generation corporate wellness systems that leverage social media and game mechanics to get employees motivated about improving their health.
Greylock Partners announced today on its blog that Jerry Chen, formerly with VMware, has joined the firm as partner. Chen was most recently vice president of product management and product marketing at VMware, which he joined nearly 10 years ago. Prior to that, he was an associate at Accel Partners.
E la Carte, which makes a tablet for the restaurant and hospitality industry for patrons to order and pay for food and drinks at their seats, has raised $13.5 million in a Series B round led by Intel Capital and including Romulus Capital and several other past investors. The Palo Alto, Calif.-based company, a graduate of the Y Combinator program, had previously raised more than $4 million in seed and Series A rounds in 2011, according to Thomson Reuters. Previous investors include SV Angel, Lightbank (the Chicago fund started by Groupon co-founders) and several angel investors, including Dave McClure and Skip Sack (the former chairperson of the National Restaurant Association).
Surge Performance Training, which helped Robert Downey Jr. get in shape for "Iron Man 3," emerged from stealth today and announced it has raised $750,000 in seed-stage funding. Angel investors behind the Austin, Texas-based company include Greg Waldorf, CEO-in-Residence at Accel Partners, and Philip Cannon, Trustee of PIMCO Funds and Princeton University.
Cloud service provider CloudByte has raised a $4 million Series B round of funding that was led by Fidelity Growth Partners India and included existing investors Nexus Venture Partners and Kae Capital. The Campbell, Calif.-based company has now raised $6.1 million in total funding, following a $2.1 million Series A round that was led by Nexus in June 2012.