Lawrence Aragon
Medley Health, which provides physician practice management services, announced Wednesday that it had raised $20 million in Series A financing from Cardinal Partners, Technology Partners and Vivo Ventures. The Dublin, Calif.-based company says it will use the capital to expand its physician partnerships, invest in its practice management services and boost staffing. “As a physician, I understand firsthand […]
New Relic, which provides application performance management for the cloud and data centers, on Wednesday announced that it has raised $15 million in new funding. The expansion round was led by new investors DAG Ventures and Four Rivers Group, with participation from existing investors Allen & Co., Benchmark Capital, Tenaya Capital and Trinity Ventures, New Relic […]
Snipi Inc., which does business as Sidecar, announced Wednesday that it has closed on $2.52M in Series A financing. The Philadelphia-based company operates an automated online marketing platform for e-commerce companies. Innovation Ventures led the round, with participation from NextStage Capital, Gabriel Investments, MAG Fund, ARC Angel Fund, GSI Commerce founder Michael Rubinand and angels from the […]
Accel Partners announced Wednesday that it has closed on $155 million for a new fund that will focus on seed and early stage investments in India. PeHUB broke the news about the fundraising effort on Oct. 4. The new fund, Accel India III, will focus on Internet services, digital media, SaaS and enterprise technologies, mobile, health care […]
This could be a very big week for IPOs, with nine offerings aiming to raise $1.5 billion. Of that group, five are VC-backed companies seeking to raise more than $590 million: Angie’s List, Bluestem Brands, Clovis Oncology, Intermolecular and InvenSense. The offerings are expected to price from Wednesday through Friday, according to Gaskins IPO Desktop. […]
Accel Partners has upped its bet on Big Data, announcing this morning that it has dedicated $100 million from its various funds to invest in startups focused on Big Data problems. “What we’re seeing here is a real opportunity to build companies up and down the data stack,” says Ping Li (pictured), one of several […]
About 11 months after they made headlines for investing “like a billion dollars” in Groupon, 14 venture firms, mutual funds and other investors are looking pretty clever. As a group, the investors own 120.2 million Class A shares, which are valued at $3.14 billion at today’s closing price of $26.11 per share. That’s a return […]
The IPO market has been shrouded in darkness since August, but venture capitalists have found a ray of light in mergers and acquisitions. One hundred and thirteen VC-backed companies were acquired in the the third quarter, including 38 that had disclosed valuations worth a combined $6.49 billion, according to Thomson Reuters (publisher of peHUB). That’s […]
Accel Partners has raised a combined $94 million for two sidecar funds to go with its 11th core fund and its second growth fund.
The venture firm, which may be best known as an early backer of Facebook, said in an SEC filing that it raised $59.9 million for Accel Growth Fund II Strategic Partners LP. It reported in June that it had raised $875 million for Accel Growth Fund II LP.
Separately, it raised $33.7 million for ...
Less than a year after raising a $50 million debut fund, New York-based IA Ventures has raised nearly 90% of a second fund with a $110 million target. The firm has closed on $97.75 million for IA Venture Strategies Fund II LP, according to an SEC document filed today. The filing doesn’t name limited partners […]