Venture fundraising: Going, going, gone?
Venture capital funds raised only $3.4 billion in the last three months of 2008, according to new data from Thomson Reuters and the National Venture Capital Association. Unsurprisingly, this is a big drop (about 70.9 percent) from the same period in 2007, when venture firms raised $11.7 billion, and also a substantial decline from the $8.4 billion raised in Q3 of 2008.
Now, you’re probably as tired as I am with the barrage of bad news,… Continue Reading
Online marketer Revcube, raises $14M
Revcube, a San Francisco start-up that makes software to improve the relevancy of online marketing, said it has raised $14 million in a third round of funding led by VantagePoint Venture Partners.
Previous investors include Generation Partners and Transcosmos. VantagePoint Managing Director and DoubleClick Founder David Carlick will join the Board of Directors.
Video surveillance co. 3VR raises $15M more
Updated
3VR Security, a San Francisco video surveillance start-up that provides sophisticated ways for companies to track employees and others entering their premises, has raised $15 million more in venture backing.
The deal valued the company significantly higher than previously, in part because the promise of video surveillance has increased, the company said. The company cites industry analysts in saying the market for “video management” will be $7.2 billion by 2008.
Significantly, Palo Alto venture capital firm DAG… Continue Reading