Dan Primack
peHUB has learned that Velocity and General Atlantic attempted to make four acquisitions, and in each case sent out term sheets. The targets were: Auttomatic, creator of open-source blogging tool WordPress; Broadband Enterprises, an online video network; Federated Media Publishing, an advertising sales network for blogs; and Sphere, an online search engine for blog and news content.
What follows is a quintet of VC deals culled from recent Regulation D filings with the SEC. None of them has been otherwise disclosed: Apex Construction Systems Inc., a Portland, Ore.-based developer of environmentally-friendly building blocks for home construction, has called down around $16 million of a $22.29 million Series B round (including warrants). Backers […]
Online ticket resale has generated big VC returns in the U.S., with eBay buying StubHub for $310 million and TicketMaster buying TicketsNow for around $295 million. Now the competition has spread to Europe. The latest example is SeatWave Ltd., which tomorrow will announce that it has raised $25 million in Series C funding. Fidelity Ventures […]
Last year, Citrix agreed to buy virtualization software company XenSource for $500 million. It was a big exit, but would have been even bigger had the deal terms not been finalized before virtualization king VMWare priced the year’s richest tech IPO. One Xensource investor told me at the time that he tried not to think […]
Being on an MTV reality show usually leads to little more than D-list parties and the occasional Playboy spread. Producing an MTV reality show, on the other hand, can attract venture capital funding. peHUB has uncovered two examples of the latter: 1. Katalyst Media, a Los Angeles-based entertainment production studio run by Ashton Kutcher and Jason Goldberg, […]
Yesterday I helped just a global business plan competition at Harvard Business School, which featured companies from Armenia, Columbia, Germany, Lithuania, Mexico and Turkey. The winner was Pozitron of Turkey, which provides mobile banking applications. Strong presentation, a major customer win with Ish Bank, very broad device compatibility and plans to expand to countries with […]
peHUB has learned that three Jamdat Mobile co-founders have re-teamed to form a startup called Gogii Inc. (pronounced: Go-Gee). The trio — Scott Lahman, Austin Murray and Zack Norman — also has secured $5.175 million in Series A funding led by Kleiner Perkins Caufield & Byers, with KP partner Matt Murphy taking a board seat. […]
We discussed 2007 venture capital investment totals a few weeks ago, but now official MoneyTree numbers are available from PwC, NVCA and Thomson Financial. As we originally reported, venture capital disbursements hit a six-year high. Happy document downloading… National data, broken down: National.xls. Regional data: Regional.xls. Top 10 deals of Q4: Q4Top10.xls. Performance: Q307PerformanceReleaseFINAL.pdf
Goldman Sachs has led a $25 million investment in identity theft prevention company LifeLock, at a post-money valuation of $220 million. That’s a huge bump up from its $6.85 million Series B round last May, which reportedly valued LifeLock at just $40 million. I guess that’s what 1000%+ revenue growth and the resignation of a controversial […]
Back from lunch… Here are some more: Autonomic Technologies Inc., a Menlo Park, Calif.-based maker of neurostimulators, has secured $3 million of a $5 million Series A round. The capital came from Kleiner Perkins Caufield & Byers, while The Cleveland Clinic is also listed as a shareholder. www.kpcb.com The Jellyvision Lab Inc., a Chicago-based provider […]