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The biggest financial news in tech today is probably Good Technology’s IPO filing. The company announced today (and filed paperwork with the SEC) indicating that it hopes to go public soon, confirming what many people have suspected for a year or more. The size of the offering has not yet been set. Read all about the Good Technology IPO on VentureBeat.
And with that, let’s talk about all of the venture-funding deals that matter today in tech.
GGV Capital closes a $620M fund
Venture capital firm GGV Capital has closed its fifth fund, Fund V, with $620 million in capital. The firm was founded in 2000 and has seen much success over the past few years, with investments across a wide range of tech companies — and a particular focus on U.S.-China investments. “GGV defined the concept of a U.S./China venture-capital firm,” said Tim Recker, the managing director of University of California Regents, a GGV investor in previous funds and again in Fund V. GGV claims 16 portfolio companies have completed IPOs on various exchanges worldwide since 2010, including Nimble Storage, Pandora, Qunar, and YY. But its highest-profile success may turn out to be Alibaba Group, which is poised to be the largest tech IPO ever. GGV is based in Menlo Park, Calif., and in Shanghai.
Read more on GGV’s blog.
The San Mateo, Calif.-based venture-capital firm has just closed its 10th fund at $145 million. This fund is only half of its previous one and has taken two years to close, according to a VentureWire report.
Read more on VB: Sierra Ventures closes a new, smaller fund
It’s one thing to watch tweets and Facebook posts come in on the fly. Filtering out the meaningless messages and spotting the important stuff at scale is completely different. And that’s why companies have been tuning in to tools like Attensity, which just picked up $90M from an unnamed private equity fund and a financial-adviser company.
Cryptocurrency exchange HKCex picks up another $25M
Bitcoin and other cryptocurrencies continue to be hot despite many recent hacks and wide fluctuations in their value. HKCEx, a cryptocurrency exchange based in Hong Kong, picked up an additional $25 million on top of a recent $2 million round, bringing its total funding to $27 million. The investors are based in China and Hong Kong, although the company did not identify them. “The second round features a purpose-oriented investment, so that, within 6 months, the company will receive the investment in equal parts, aimed to purchase Bitcoin crypto currency at HKCEx,” according to a spokesperson.
Read about HKCex on its website.
Sift Science picks up $18M
Sift Science, which helps e-commerce companies avoid fraud, picked up an $18 million second round of investment from Spark Capital and others.
Read more on Sift Science’s blog post.
Sinch, which spun out of voice-over-IP giant Rebtel, is now open for business to help iOS and Android developers add a communications layer to their apps. Sinch and its products were originally Rebtel’s developer offerings, but it become a separate company due to high demand. It has received $12 million in funding from investors such as Index Ventures and Balderton Capital.
Former Digg chief executive Matt Williams just raised $3.5 million from Jeff Bezos, Andreessen Horowitz, Madrona Venture Group, Redpoint Ventures, Two Sigma Ventures, and Sherpa Foundry for his new venture, Pro.com, a site that helps people get quotes for the home improvements they have in mind as well as find professionals to hire for those jobs.
Events engine SpinGo acts as a database for local events, connecting people with more than 100,000 monthly events. Think of the calendar section on a newspaper’s website, but with a more visually appealing design and more accurate listings. Now SpinGo has raised $2 million in a Series A investment, the company told VentureBeat in an interview, bringing SpinGo’s total funding amount to $6 million.
Read more on VB: Events discovery platform SpinGo raises $2M (exclusive)
VB's research team is studying web-personalization... Chime in here, and we’ll share the results.