Lawrence Aragon
KEMP Technologies, which makes server load balancer appliances, has raised $16 million in new funding, according to an announcement on the company’s blog. The round was led by Edison Ventures, which contributed $7.5 million, with participation from Kennet Partners and ORIX. Thomson Reuters (publisher of peHUB) described the round as “later stage” and said the […]
Just 17 months after they invested, Mayfield Fund and Venrock Associates have exited Redbeacon, an online home services site acquired by Home Depot for an undisclosed amount. Redbeacon announced the sale on its blog today. Mayfield, Venrock and an undisclosed venture firm invested $7.4 million in the company in August 2010, according to Thomson Reuters […]
Internet entrepreneur and investor Max Niederhofer has joined Accel London as a vice president, Accel Partners’ Bruce Golden confirmed to peHUB today. No further details were immediately available. TechCrunch was the first to report the news. Previously, Niederhofer founded and was CEO of Qwerly, a “data API for the social Web.” He sold Qwerly to Fliptop in November […]
(Reuters) – Zynga Inc. priced its shares at the top end of its expected range at $10 per share on Thusday, a source close to the process told the International Finance Review. The venture-backed company, which is the top publisher of games on Facebook such as “FarmVille” and “CityVille,” sold 100 million shares raising $1 […]
(Reuters) – Jive Software Inc. priced its initial public offering at $12 per share, above its expected price range of between $8 and $10 per share, according to an underwriter. Shares of the Palo-Alto, Calif.-based company, backed by venture capital firm Sequoia Capital, are expected to start trading on Tuesday on Nasdaq under the symbol JIVE. Jive — […]
Kiersten Hollars, vice president of marketing and communications for AOL, is becoming a “PR partner” with venture capital firm Andreessen Horowitz, according to the blog AllThingsD. Hollars will report to Partner Margit Wennmachers, ATD reported Monday. Hollars’ LinkedIn profile still shows that she is with AOL, which she joined in November 2009, after 14 months as director […]
Fab.com — which pivoted from a lifestyle website for gay men to a design-focused flash sales site — announced Wednesday that it raised $40 million in a Series B round led by Andreessen Horowitz. The new round comes just five months after the company raised an $8 million Series A led by Menlo Ventures. Joining […]
Technology Crossover Ventures has agreed to buy $200 million in convertible bonds from streaming video service Netflix (Nasdaq: NFLX), according to a regulatory filing made by Netflix on Monday. Netflix’s shares closed at $74.47 on Monday and were off about 6% in after hours trading as of 5:30 p.m. EST. The filing states: “On November […]
For the ninth straight quarter, venture capital firms did more up rounds than down rounds for Silicon Valley-based startups in Q3, according to a report by law firm Fenwick & West. During the quarter, up rounds exceeded down rounds 70% to 15% with 15% flat, the report states. In Q2, up rounds exceeded down rounds 61% […]
Thanks to everyone who came out to peHUB’s Dallas Shindig last night. About 150 of ya’ll turned out at the Uptown Bar & Grill to knock back beers and nosh on sliders, wings and “floutitas.” This was our fourth Shindig this year, with previous events in New York, Chicago and San Francisco. We’ll be sure […]