Lawrence Aragon
Benchmark Capital Partners, Bessemer Venture Partners and Elevation Partners as a group own 31.7 million shares worth in excess of $475 million at $15 per share.
General Motors Ventures and other VCs will lose about $16M invested in Bright Automotive. The failure follows the December demise of Aptera, another VC-backed vehicle maker.
Yahoo is "seeking to force Facebook into licensing 10 to 20 patents over technologies that include advertising, the personalization of Web sites, social networking and messaging," according to the New York Times.
Most peHUB readers are troubled by President Obama’s business tax reform proposal, but few think it has any real chance of passing, according to our weekly poll.
The firm finished fund-raising late last year after holding a first close on $8.1 million in March 2011.
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IA Ventures formally announced that it has raised a second fund, which peHUB was the first to report on last October.
Battery Ventures, Bay Partners and U.S. Venture Partners hit a grand slam with today’s IPO of Guidewire Software Inc., which makes software for insurance companies. As a group, the three venture firms hold about 25 million shares valued at about $428 million at today’s closing price of $17.12. The firms invested a modest $19.5 million […]
Venture-backed behavioral advertising company 33Across Inc. announced this morning that it has acquired VC-backed Tynt Multimedia Inc. for an undisclosed amount. It isn’t clear if Tynt’s VCs made a profit on the sale. The company, which develops solutions to track user behavior on websites, has raised $8.3 million in venture capital since 2008, according to Thomson Reuters (publisher […]
Escalate Capital Partners announced today that it has completed a $6 million debt financing for Healthx, a provider of online healthcare portals to health insurers, medical providers and employers. The financing follows an announcement by Frontier Capital on Jan. 5 that it had partnered with Healthx’s management team to do a majority recapitalization of the company. […]