Reuters News
LivingSocial, the second-largest daily deal company, raised $110 million in a new round of financing from many of its existing investors, Chief Executive Tim O'Shaughnessy wrote in a memo to employees on Wednesday.
Cyber security startup Cylance Inc. said it has raised $15 million in early funding from Khosla Ventures and Fairhaven Capital, Reuters reported. Cylance, which former McAfee global chief technology officer Stuart McClure founded last year, also named retired Admiral William J. Fallon to its board. Fallon abruptly retired from the military in 2008, after he was quoted criticizing President George W. Bush's policy toward Iran in Esquire Magazine.
Neighborhood social network start-up Nextdoor has raised another $21.3 million, even as many investors shy away from the sector in the wake of troubled Facebook initial public offering last year, Reuters reported. The new funding includes $15 million from Greylock Partners, whose partner David Sze will be joining Nextdoor's board. Sze, known for his involvement in networks LinkedIn and Facebook in their earliest days, said he has never before invested so much in a single investment round. New investors Google Ventures and Bezos Expeditions, Amazon chief Jeff Bezos's venture fund, participated in Nextdoor's latest funding round. So did existing investors Benchmark Capital and Shasta Ventures.
A look at the risks associated with the freewheeling startup culture that many entrepreneurs cherish, according to Reuters. Startups often thrive on a lack of rules and boundaries, but experts say that as they make the transition from a handful of people in a room to sizeable businesses, the hazards can grow exponentially, writes Reuters.
Venture firm VantagePoint Capital Partners, known for its investments in clean technology, has pulled the plug on a planned $1.25 billion fund due to lack of investor interest.
Online scrapbook Pinterest is trying to raise a new round of funding that would give it a valuation of between $2 billion to $2.5 billion, the Wall Street Journal reported, writes Reuters. The company declined to comment on any fundraising efforts. Reuters – Online scrapbook Pinterest is trying to raise a new round of funding […]
WhiteHat Security has secured $31 million in a round of funding that will allow it to expand internationally and help it win more small and medium sized businesses as customers, Reuters reported. The investment was funded by existing financial backer Investor Growth Capital and new investor JMI Equity, bringing total funding to $49 million. WhiteHat, which helps prevent website attacks, was founded in 2001 by former Yahoo information security officer Jeremiah Grossman -- now WhiteHat's Chief Technology Officer.
The closely guarded performance of some top-tier venture capital funds in which the University of California invested a portion of its $10.65 billion endowment must become public, a judge said on Monday, Reuters reported. No information will come out immediately. The court is giving the university a stay until March 11 to allow the regents a chance to appeal.
Online company SurveyMonkey said it aims to raise $800 million in a late-stage venture capital financing, one of the largest such deals in the Internet sector that underscores how many Silicon Valley firms are no longer in a rush to go public, Reuters wrote Thursday. SurveyMonkey plans an equity and debt financing that will allow it to cash out early shareholders and investors and that will also bring in Google Inc. as a new shareholder.
News website BuzzFeed, one of the more interesting news business models to emerge in recent years, has raised $19.3 million in new capital, the company said on Thursday. The round was led by venture capital firm NEA along with previous investors RRE, Hearst, SoftBank and Lerer Ventures.