Alastair Goldfisher
(Update: New Enterprise Associates will join in Box.net’s current round that it is raising, peHUB has learned. We’ll post more details when they become available.) While Box.net CEO Aaron Levie was on stage today at the company’s BoxWorks conference in San Francisco announcing new business partnerships with Okta, Motorola and SalesForce, among others, TechCrunch reported […]
Achievers — which develops human resources software that provides performance-based rewards — announced today that it has raised a $24.5 million Series C round that was led by Sequoia Capital and includes JLA Ventures, GrandBanks Capital and the Ontario Venture Capital Fund. The company, formerly known as I Love Rewards, has now raised about $48 […]
Pitch contests and the dull PowerPoint displays that come with them are nothing new. But they have become harder to avoid on the conference circuit in recent years, and I don’t see any end in sight. I attribute the popularity of what I call “pitch-a-thons,” to a number of factors. The availability of cloud services […]
Xtium, a provider of cloud computing services to businesses, raised an $11.5 million Series A round of investment from OpenView Venture Partners. As part of the funding, Scott Maxwell, senior managing director at OpenView, will join the company’s board. Xtium provides such services as disaster recovery and virtual hosting. The deal is the third in […]
Moments ago at the Twilio Conference in San Francisco, 500 Startups founder Dave McClure announced the launch of a second Twilio MicroFund of $250,000 to invest in companies that are based on Twilio’s Connect platform. McClure and Ron Conway of SV Angel will each invest $125,000 in the fund. McClure will manage the investments, with […]
German-based TrustYou, which provides online analysis of restaurant and hotel reviews, purchased Review Analyst and raised a $5 million first round of funding it announced on Tuesday. Paris-based Credit Agricole Private Equity led the financing. PRESS RELEASE TRUSTYOU SECURES $5 MILLION SERIES A ROUND AND ACQUIRES DALLAS-BASED REVIEW ANALYST BRINGING SOCIAL SENTIMENT SEARCH TO THE […]
Most companies less than five years old would be happy to entertain an offer to sell for $500 million. But Box.net, which provides cloud content management and collaboration services, reportedly spurned an offer that size from a suitor earlier this summer. As reported earlier today by VentureBeat, Box reportedly turned down a $500 million acquisition […]
Lightspeed Venture Partners announced it has promoted Bipul Sinha and Arif Janmohamed each to partner. Sinha focuses on software and Internet deals while Janmohamed focuses on infrastructure, communications, networking and software. PRESS RELEASE Menlo Park, CA—September 13, 2011—Lightspeed Venture Partners, a leading global venture capital firm, today announced the promotion of Bipul Sinha and Arif […]
Pandora Media (NYSE: P) saw its shares drop to below $10 on Monday—its lowest point since going IPO at $20 a share on June 15. While Pandora’s stock slipped (likely in response to the launch of the iHeartRadio app) Pandora Chief Strategy Officer and founder Tim Westergren was addressing the industry at the SF MusicTech […]
The Mayfield Fund has hired away Tim Chang from Norwest Venture Partners, the Menlo Park, Calif.-based firm announced on Tuesday. Chang, who joined Norwest in 2006, has focused on investments in mobile, gaming and digital media while also leading the firm’s investment practice in China. At Mayfield, he will co-lead the firm’s investment practice in […]