All the news that lay dormant surrounding the July 4th holiday exploded all at once today in the funding world. Sometime amidst the barbecuing and pool parties, major deals were struck involving massive amounts of money. The biggest story, juicier than that rare burger dripping with cheese you gobbled last week, was GitHub at long last taking a round of VC money — and what a round it was. Check out the other interesting bits below.
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Investment virgin GitHub gets in bed with Andreessen Horowitz for $100 million.
GitHub renounced its bootstrapping vows and took $100 million from venture capital firm Andreessen Horowitz. It just may be the biggest first funding round of all time. The investment is also the largest in Andreessen’s history.
GitHub supplies social coding tools for developers. It has over 1.7 million members and is one of the largest repositories for computer code in the world. Up until this point, it was funded by revenue for individual and companies subscribers and preached the value of independence from investors. However, the founders discovered a kindred spirit in Marc Andreessen and will use the massive influx of of money to achieve world domination. Kidding. Kind of. Read the full story on VentureBeat.
Salesforce pays $76 million to fight Web Browsing Loneliness Disorder (WBLD) in the workplace
Enterprise cloud giant Salesforce bought social browsing startup GoInstant for $76 million in yet another acquisition this year. GoInstant’s co-browsing technology allows two people in different places to browse the web together, because apparently solitary internet searching is for those lonely folks with eight cats and no social life. Cat lady jokes aside, GoInstant further beefs up Salesforce’s collection of business-directed cloud services. It is a Canada based company that previously raised $1.7 million. Just think how many cats it can buy with all the extra cash. Read more on VentureBeat.
AlienVault raises $22 million to protect earthlings from space invasions and computer viruses
Online security company AlienVault received a third found of funding led by Kleiner Perkins Caufield & Byers. The money will go towards bringing open-source security to government, enterprise, and education. The funding coincidentally closed on July 5th, the same day as the DNSChanger virus threat. Coincidence or paranormal activity? You be the judge. KPCB partner Ted Schlein will join the AlienVault board. Previous backers Trident Capital and Adara Venture Partner also participated in this round, bringing the grand total to almost $35 million. Read more on VentureBeat.
NXT Capital loans SkyCross $3.5 million, because $34 million not quite enough
SkyCross announced today that venture group NXT Capital provided them with a subordinated venture loan of $3.5 million. SkyCross designs and manufactures antennas for wireless devices. This money is in addition to the $34 million raised during previous rounds and will be put towards driving global growth. Read more on VentureBeat.
ThriveHive raises $1.5 million to develop marketing campaigns for small businesses
ThriveHive, a startup that provides a comprehensive marketing platform for local businesses, just announced the close of $1.5 million in seed funding today. The money will contribute towards customer acquisition and further developing the software, which creates custom marketing plans, data analysis, and marketing tools for small businesses. Read more on VentureBeat.
Fetch wins this leg of startup Amazing Race, first in class to raise seed funding
Social media marketing company Fetch Plus closed $720,000 in seed financing. Fetch raised this round just two months after completing the JFDI-Innov8 Bootcamp, an Asian startup accelerator. It is the first company out of the program to announce follow-up funding since the May 4th demo day. It also participated in DEMO 2011. The platform helps hundreds of franchised brands create consistent social profiles on Facebook and Twitter. The round was led by investors Lawrence Seah and Yeo Choon Leong. Read more on VentureBeat.
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