Dan Primack
Cellulosic ethanol company EdeniQ has raised $33.12 million in its first round of venture capital funding, according to a regulatory filing. The round’s largest commitments came from Advanced Equities Investments and Draper Fisher Jurvetson, while other backers included Element Partners, Angeleno Group, The Westly Group, Omninet, DAG Ventures and Northgate Capital. It’s worth noting that […]
Lots of startups get turned down for VC funding, but a Web 2.0 wannabe called RateBuilding has reset the bar by getting denied more than 100 times in less than an hour. The debacle began yesterday at around 2pm, when RateBuilding sent out an elevator pitch to a wide swath of venture capital and private […]
RedLasso, the King of Prussia, Pa.-based company whose technology allows bloggers to embed clips from local and national television networks, is in the market for $15 million in new VC funding, peHUB has learned. “We’re looking not just for capital, but smart capital,” explains RedLasso CEO Ken Hayward. “We need to be aligned with an […]
The WSJ recently reported that Microsoft is sniffing around Facebook, less than seven months after investing $240 million in the social network at a $15 billion valuation. It was largely discounted as the hopeful fumblings of Steve Ballmer, in his search for a rebound acquisition after being dumped by Yahoo. But it got me to […]
Major update after jump Earlier this week I chatted with Venrock partner David Siminoff, who led the firm’s $3 million investment in SlideShare (the YouTube of Powerpoint presentations). Part of our conversation was about the deal, including: (A) How it plans to make money, (B) If it can be sticky or just an embeddable application […]
Updated after jump Lots of speculation that LinkedIn has raised a bunch of new VC funding at a valuation of approximately $1 billion (see here, here and here). No investor info yet, although it’s safe to assume that at least one non-traditional investor (hedge fund, bank) will participate. May be more interesting to see which […]
What follows are a bunch of VC deals culled from recent Regulation D filings with the SEC. They have not been otherwise disclosed: 1Verge Inc., a Beijing-based Internet company formed by former Sohu.com president Victor Koo, has raised $25 million in Series C funding. Backers include Fallaron Capital, Chengwei Ventures, Brookside Capital and Sutter Hill […]
MMO game publisher Turbine charges less than $20 to subscribe to any of its titles, but it apparently costs a bundle to publish them in the first place. The Westwood, Mass.-based company has secured another $40 million in VC funding, according to a regulatory filing discovered by peHUB. Granite Global Ventures led the “Series C” […]
Storage virtualization software maker DataCore today announced that it has received a $30 million equity investment from Insight Venture Partners and Updata Partners. No mention is made in the press release of the company’s previous $85 million in VC funding, nor of existing shareholders like Flagship Ventures and New Enterprise Associates. So I made a […]
Caliper Technologies co-founder Calvin Chow has stepped down as CEO of Nanosys Inc., a VC-backed nanotech company he helped launch back in 2001. No details yet on how or why Chow left, except that he’s been replaced on an interim basis by Steve Goldby — a partner with Nanosys investor Venrock (Update: Nanosys CFO Pete Garcia […]