The water is coming to a slow boil this Monday, as investors add their money into startup pots and hope that the end result will be something delicious, and more importantly, lucrative. Let’s see what’s cooking today.
Editor’s Pick Aside from the Google connection, Google Ventures and its partners are obviously different from anything else in their league in a few major ways — how they pick startups, how they help build businesses, and how they manage risk.
Over the past couple days, funding news has been coming in at a leisurely pace, a summertime pace, if you will. Just a handful of companies made investment announcements, so I have taken the liberty of wrapping them all up in one nice, little package. I hope you are reading it on a lounge chair at a beach with a cocktail in hand. It is August, after all: Don’t people usually go on vacations around this time? Venture capitalists certainly seem to.
Today’s investment news is filled with good vibes. Anyone who claims that the world of technology is cold, hard, and emotionless should take a look at the stories below. We’ve got companies promoting family values, technology that puts people in touch with their feelings, and all sorts of other avenues for personal expression. You may want to read this Funding Daily on a couch with a box of tissues and The Interpretation of Dreams nearby.
Today’s funding news is best read to a bass line. Investors may choose to put their money towards businesses rather than bling, but there is no shortage of hustle and grind or gold diggin’ in the startup world. Yeaahhhhh boy.
Yesterday, I masqueraded as a sci-fi nerd. Today, I’m letting my true [tie-dye] colors fly as I raise my hippie flag and incorporate social responsibility, sunshine, rainbows, and yes, even a hint of marijuana into the funding news.
After seeing the Dark Knight Rises last night, I felt compelled to test a theory that everything can somehow be framed within the Batman context. One way or another, I managed to find a Batman angle for all of today’s funding news. It wasn’t that hard, considering Bruce Wayne would probably be an angel investor if he spent less time saving the world from destruction and gave less money to orphans. And that mouthpiece Bane wears looks suspiciously like a piece of hardware I saw on Kickstarter. To the Bat Cave!
Funding news was slow like molasses today. And so to continue this week’s theme of presenting funding news with a dusting of sugar, here is today’s kiddie cup of investment. We’ve got Fab McFlurry and a pint of Phish Food for your enjoyment.
500,000 new users each month? $76 million just closed in second round funding? Maybe not quite all in a day’s work for JustFab’s chief executive Adam Goldberg, but it is in character for an entrepreneur who started his first company at age 16.
Some good souls raised money in funding land today. Ticketfly raised a third round to help people’s assaulted ears listen to better music, and Meteor brought in money to support stressed web developers everywhere. GiveForward received investment for its platform helps people crowdfund medical expenses, and EcoScraps took money for a composting scheme that cuts down on waste and greenhouse emissions. And let’s not forget GoodData, which is mainly good because it has the word in its name.
New Enterprise Associates has raised one of the largest venture capital funds ever at $2.6 billion.
Venture capital attempted to solve national crises today, from the Great Mobile Developer Shortage of 2012 to the obesity epidemic plaguing data storage to the disintegration of communities across America. Where would we be without them?
There were some familiar names appearing in the deals channel today. Mashery exhibited as much spirit as Rocky by returning to the ring for a fifth round, and Asana-the-app continued to outshine Asana-the-yoga-pose in terms of productivity promotion (I know, I’ve tried both). TaskRabbit pulled a lucky $13 million out of its proverbial venture capital hat, and Redpoint e.ventures established the largest startup fund ever to hit Brazil. Whether you prefer boxing, yoga, the Bunny Hop, or samba, do it later. Now it’s time to read Funding Daily.
This morning, Redpoint e.ventures announced that it is the largest early-stage venture capital fund in Brazil. The firm raised $130 million and is the first Silicon-Valley affiliated fund dedicated to the region. This news comes just one week after BV Capital rebranded as e.ventures and formally unified its five international funds under one umbrella.
K9 Ventures has raised $40 million for its second fund, a tech-focused micro-VC fund. The K9 Ventures II fund will be run by Manu Kumar, who headed the earlier fund.
Here’s a wrap-up of the day’s funding news:
Funding news flooded our wire today with so many announcements and releases, it was like swimming upstream in a hurricane to keep up with it all. We’re having to include a lightning round below just to cover all the bases. Grab a life vest, a paddle, and check out what happened today in the maelstrom.
A.J. Steigman is the chief executive of Soletron, a social e-commerce platform. Peter Thiel is a legendary venture capitalist and co-founder of PayPal. Both are internationally ranked “life master” chess players.
Cloud startup Aryaka raised $25 million to help companies operate more efficiently by speeding up internet processes. This service is called WAN Optimization, and enables data exchange, communication, and applications to function harder, better, faster, stronger [cue Kanye].
Investment firm BV Capital launched a global venture platform today, unifying its four international funds under one heading and rebranding itself as E.ventures. The integration is in an effort to emphasize the firm’s global perspective and promote international collaboration between the five markets.
Today in funding news, the numbers are all over the place. The Mayfield Fund finds itself with $1 million for every day of the year, while pioneer community news site Digg sold for 500 times less than once dreamt. There are also whispers of dirty laundry, white tigers, rapper wheels, and tulle gowns, but you will have to read more to find out why.
NXT Capital has loaned $3.5 million to antenna solution company SkyCross to drive its global growth efforts.
Guest Post When it comes to the IPO, both the Valley’s entrepreneurs and our government leaders are misguided. The IPO isn’t a profit superhighway, with on-ramps and exits for entrepreneurs thirsty for a quick profit. Rather, an IPO is like a marriage.
U.S. and European venture capital firm Index Ventures announced a €350 million fund for primarily early-stage European investments late Sunday. The firm said it’s impressed by the innovation it’s seeing in Europe despite economics issues that have plagued the area for several years. Some of the fund will go towards U.S.-based startups as well.
Tandem Capital has raised a $32 million round to invest in early-stage mobile companies. The company has a large stable of big-name hands-on investors and a unique way of incubating startups that has led to a startling 90 percent success ratio.
Guest Post Our company has pitched to VCs many times this past year to raise capital. After much fine-tuning, we put together a colorful investment infographic on a handout, which has helped in getting VCs’ attention.
Have cash? Looking for tech talent? Go to Europe. So says Konstantin Guericke, co-founder of LinkedIn and newly minted venture partner in Berlin’s EarlyBird Ventures. EarlyBird recently raised $100 million for its fourth fund, focusing on European, and in particular German startups.