Connie Loizos
Scality, a San Francisco-based startup that is focused on large-scale storage management, has closed on $22 million in Series C funding, bringing its total capital raised to $35 million. Menlo Ventures and Iris Capital led the round, which included participation from FSN PME and existing investors Idinvest Partners, OMNES Capital, and Galileo Partners.
Rallyhood, an Austin, Texas-based startup that produces an online scheduling tools, has closed on $1.7 million, as part of a $3.2 million Series A financing. The company did not disclose a list of backers, though it has characterized Tom Meredith, a former CEO of Dell, as a lead investor. Rallyhood announced the first part of its Series A round, a $1.5 million financing, in August 2012.
The entrepreneur-turned-investor chats about how Ron Conway helped him, the future of bitcoin and why people think he needs to get out more
The dorm room funds, the blogs, the parties; they're all smart ways to attract entrepreneurs. But First Round Capital isn't leaving it at that. Today, it's launching a media outlet that's by and for founders, too.
No one hypes startups better than Silicon Valley investors. But they may have outdone themselves today with their $25 million "seed" round for Clinkle. The mobile payments company's backers include Accel Partners, Andreessen Horowitz, Intel and Intuit, as well as Peter Thiel, Marc Benioff and Diane Greene.
Lastline, a two-year-old Santa Barbara, Calif.-based company that makes software to protect its enterprise clients against advanced malware attacks, has raised $10 million from Redpoint Ventures and e.ventures.
San Francisco startup Biba has raised $15 million from InterWest Partners, Benchmark Capital and Trinity Ventures to make conference calls a lot simpler.
Firebase, a three-year-old, San Francisco-based startup whose cloud service is designed to power collaborative communications in real time, has raised $5.6 million in Series A funding from Union Square Ventures and Flybridge Venture Capital. The company had raised $1.4 million in seed funding last year from Flybridge, Data Collective, Greylock Partners, New Enterprise Associates and Expansion Venture Capital.
According to a new study published by Harvard and Carnegie Mellon academics, individual venture capitalists are roughly five times more powerful than venture firms as leading indicators of successful startups.
From their work ethic to their idealism, people in Silicon Valley tend to do things a bit differently. Turns out those differences extend to the way many of Silicon Valley’s newly rich think about generational wealth.