Venture Funding News

This blog features news about startups receiving funding and VC firms.

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February 16, 2016

Live Action Secures $36 Million Series B

PALO ALTO -- LiveAction, a leading enterprise IT network visibility software platform, announced a $36 million Series B round of financing in order to expand operations globally and accelerate feature product development. New York-based venture capital and private equity firm Insight Venture Partners led the investment round with participation from prior investors Accelerate-IT Ventures and Cisco Investments.

Initially developed to aid the U.S. Department of Defense in the operation of its networks, LiveAction features an innovative visual display, real-time big data analytics for decision-making and deep integration with routers and switches for unparalleled network control. Customers turn to LiveAction for its unique interactive topology and end-to-end flow visualization as a unique capability in the industry. With LiveAction's ability to simplify voice, video and application troubleshooting in real time and provide historical playback with its network DVR capability, IT organizations gain a valuable advantage to ensure a superior end-user experience. With its ability to scale from tens of devices to tens of thousands of devices, LiveAction is suitable for any sized organization. Recently, LiveAction has increased its capabilities to provide visualization and end user experience monitoring across the end-to-end network, including modern SDWAN networks, with both its LiveNX and LiveUX products.

"In 2014, we completed our Series A round, led by AITV and Cisco, and invested those proceeds to build a powerful visibility platform used by many of the biggest companies in energy, finance, retail and healthcare. Closing our Series B financing enables us to globalize LiveAction," said Darren Kimura, CEO and chairman of LiveAction. "Insight Venture Partners have helped build successful infrastructure software companies including SolarWinds, Veeam, and Quest Software, and we are looking forward to accelerating our growth via this partnership."


February 11, 2016

Xignite Closes $20.5 Million Series C

SAN MATEO -- Xignite, the leading provider of market data cloud solutions for financial institutions and financial technology companies, has raised $20.5 million in a Series C funding round led by Tokyo-based QUICK Corporation, part of the Nikkei Group and Japan's largest financial information provider. StarVest Partners, Altos Ventures, and Startup Capital Ventures, Xignite's current investors, also participated. This new round brings Xignite's total funding to $37 million.

In connection with the capital raise, Xignite and QUICK will be partnering to deliver Xignite's cloud-based data solutions in the Asian market as well as QUICK's proprietary financial data and information through Xignite's market leading APIs. Xignite brings an elastic cloud infrastructure solution that is easy to use, multi-tenant, built on open standards and scalable with zero footprint to clients. QUICK is the first and leading financial information provider in Japan with a strong reputation and brand in Asia and a member of the Nikkei group.

Xignite will use the funds to further scale its sales and marketing efforts and expand its product capabilities in order to fuel the company's continued global growth. Together with QUICK, Xignite will continue to accelerate the growth and disruption created by financial technology innovations in the Asian market and elsewhere around the world.

"The fintech revolution has only just begun and will sweep all aspects of the financial services industry in the coming years," said Stephane Dubois, CEO and founder of Xignite. "Financial institutions can no longer afford to operate rigid and proprietary data infrastructures. Fintech innovators continue to put pressure on more traditional financial services companies. These legacy institutions must innovate and simultaneously cut costs if they want to survive and thrive in this new paradigm. This includes the complex, burdensome and costly consumption of financial data. We are excited to have QUICK's backing and shared vision of an advanced, global market data cloud infrastructure. "

February 9, 2016

Hired.com Lands $40 Million Investment

SAN FRANCISCO -- Hired.com has landed $40 million Series C investment led by Lumia Capital. The deal was announced on a blog by CEO Mehul Patel.

The company offers an online auction-style marketplace for tech, marketing and sales professionals and the companies that want to hire them. Hired.com reviews resumes submitted and offers the top candidates to interested companies.

The service is available in 14 cities and three countries and is expanding to other nations.

Hired.com has raised over $70 million to date and also announced it has made three career-related acquisitions including Zlemma based in Mountain View, Jobbop of Australia and Breaz from France.

The company was founded in 2012.


February 3, 2016

Handshake Pulls In $10.5 Million Series A

SAN FRANCISCO -- Handshake, a college career network for college students, career centers and employers, announced that it raised $10.5 million in Series A financing. Kleiner Perkins Caufield & Byers (KPCB) led the round, with participation from True Ventures and Lightspeed Venture Partners, which previously co-led Handshake's seed financing round, and Lowercase Capital.

Handshake connects college students and young alumni to a comprehensive national network, all built on a fast, scalable, mobile infrastructure. Handshake s network gives students access to more career opportunities and insights, provides employers with more comprehensive and efficient access to talent, and gives colleges more tools to drive student engagement and increase student employment.

The funding round recognizes Handshake's traction since it was launched in the fall of 2014. Last year, the network grew from 5 to 60 universities, including Stanford, Cornell, Johns Hopkins, the University of Michigan, the University of Chicago, the University of Texas, and Wake Forest. Handshake now has more than 1.3 million student profiles and more than 40,000 active employers recruiting on the network, including 80% of the Fortune 100.

Handshake was conceived by CEO Garrett Lord and his co-Founders when, as students at Michigan Tech University in remote Houghton, Michigan (eight hours from Chicago or Detroit), they had limited opportunities to quickly or easily connect with their dream jobs in Silicon Valley. They set out to partner with colleges to create a tool that would engage students throughout college, help democratize access to the best opportunities across the country, and better match students and employers.

"Handshake is attempting to solve a big problem in a massive $25 billion recruiting market," said Eric Feng, general partner at KPCB. "All colleges are focused intensely on improving student employment outcomes. By partnering with universities, Handshake is building trusted relationships with both students and employers."

Handshake's Seed and Series A investors include Annox Capital, Hans Robertson and Charlie Cheever.


February 1, 2016

Booster Fuels Pumps $9 Million Series A

SUNNYVALE -- Booster Fuels, the startup that provides on-demand fuel delivery for vehicles, announced it has raised $9 million in a Series A financing round as the company expands into the San Francisco Bay Area. Maveron led the investment round with participation from existing and new investors, including Madrona Venture Group, Version One Ventures, and RRE Ventures. The investment brings Booster's total funding to $12.5 million.

The increase in capital comes on the heels of Booster's rapid growth in North Texas and expansion into the San Francisco Bay Area. Booster will use the funding to fuel expansion and augment the team with additional world-class talent.

Booster provides an on-demand fuel service at select corporate campuses while customers are at work. Customers simply park their car, indicate that they want "a Boost" through the mobile app or online, and return at the end of their day to a full tank. Without the conventional costs of a gas station, Booster provides its fuel delivery service at prices that match or beat local area prices. Corporate benefits managers offer Booster as a free perk to employees.

The company is already providing fuel at dozens of corporate campuses and reports that at many locations more than half of the employees say they no longer fuel up at gas stations. At Chegg in Santa Clara, CA, more than 60 percent of company employees use Booster.

"Our employees who have used Booster say there's something magical about walking out to their car at the end of the day and finding the needle on the gas tank firmly at full," said Denise Helm, Director of Workplace Services at Chegg. "There's a tremendous peace of mind knowing that when you get in the car, there's no need to stress about whether you've got enough gas to pickup the kids or get home."


January 29, 2016

BloomReach Reaches Out for $56 Million

MOUNTAIN VIEW -- BloomReach, one of the leading cloud personalization platform companies, announced $56 million in Series D funding from several investors including Bain Capital Ventures, Battery Ventures, Lightspeed Ventures, New Enterprise Associates and Salesforce Ventures.

BloomReach captures data from approximately 20.5 percent of all U.S. e-commerce and currently has more than 175 customers, including 57 from the Internet Retailer Top 500. BloomReach says it is experiencing 70 percent in new average contract value (ACV) growth.

BloomReach plans to use the investment to further strengthen its big-data technology and scale its business globally for all digital businesses. The company currently has more than 250 employees and plans to grow personnel worldwide.

BloomReach's portfolio of customers include: Neiman Marcus, Sears Outlet, Staples, Drugstore.com, and Williams-Sonoma. Created in 2009, BloomReach is headquartered in Mountain View with offices in New York City, London and Bangalore.


January 22, 2016

FiveStars Generates $50 Million Series C Funding

SAN FRANCISCO -- FiveStars, the rewards program for small businesses that's proven to bring customers back more often, has raised a $50 million Series C funding round led by HarbourVest Partners. The round includes participation from all major investors including Lightspeed Venture Partners, Menlo Ventures, and DCM Ventures. With the new funding, FiveStars looks to increase hiring in all roles and functions, especially sales and engineering.

Launched out of Y-Combinator five years ago, FiveStars' mission is to help small businesses and communities thrive by turning every transaction into a relationship. FiveStars gives local businesses the ability to identify every in-store customer by name, provide personalized service in-store, and continue to engage them out of store with personalized messages and rewards. For time-strapped small business owners, FiveStars is the easiest way to keep their customers coming back more often and spending more when they do.

In 2015, FiveStars drove over 35 million visits across 10,000 small businesses in the U.S. and Canada and doubled the number of consumers using the program for the fifth year in a row. FiveStars has now raised a total of $105 million. Equipped with the latest round of funding, FiveStars plans to help more consumers discover more businesses, earn more rewards, and experience VIP treatment everywhere.

"The in-store service experience has failed so many customers before. Now, major chains and retailers are replacing cashiers with kiosks and tablets to take orders and serve customers," said Victor Ho, co-founder and CEO of FiveStars. "Our vision is to make commerce as personalized offline as it is online and bring exceptional service experiences back in-store. We're just scratching the surface on what's possible and we're excited to work with our investors who share the same passion, dedication, and vision as we do to make this happen."


January 22, 2016

Malwarebytes Scores $50 Million From Fidelity

SAN JOSE -- Malwarebytes, the leading advanced malware prevention and remediation solution, has landed a $50 million Series B funding round from Fidelity Management and Research Company.

Malwarebytes surpassed $100 million in annualized billings in 2015 and achieved its 31st consecutive cash flow positive quarter. Revenues grew by more than 120 percent driven by rapid enterprise expansion. Founded in 2008 by Marcin Kleczynski, the company was bootstrapped until raising a $30 million Series A funding round in July 2014, led by Highland Capital Partners.

"Malware is an epidemic attacking businesses and governments worldwide, as evidenced by recent high profile breaches," said Marcin Kleczynski, CEO of Malwarebytes. "Of course, it's an honor to be backed by Fidelity -- the same company that has backed disruptive, high-growth privately held technology companies like Uber, Airbnb and SpaceX. Our unique business model has allowed us to attain rapid growth while driving consistent profitability and cash flow. We will continue to hire more talented engineers to help us fight malware and accelerate Malwarebytes' strategic sales, marketing and future product initiatives in our fast growing enterprise business."

Malwarebytes protects millions of consumers and tens of thousands of businesses against malicious threats that escape detection by traditional antivirus solutions. In 2015, Malwarebytes software ran on 250 million unique endpoints worldwide.


January 15, 2016

Vivino Pours $25 Million Series B

SAN FRANCISCO -- Vivino, the world's largest wine community and most downloaded mobile wine app, announced a $25 million Series B round led by SCP Neptune International to fuel Vivino s explosive growth and disruption of the global wine market. Balderton Capital (formerly known as Benchmark Europe), Creandum, SEED Capital and Iconical, all existing investors in Vivino, are contributing to the round as well. This follows Seed and Series A funding rounds bringing Vivino s total funding to date to $37 million since the company was founded in 2010.

Vivino will use this investment to expand its presence in the world's top wine consumption regions like the United States, Italy, France, Spain and Germany. The funding will also allow Vivino to continue to build the world's largest wine marketplace, helping users worldwide discover their next wine from one of the 11,000 merchants on Vivino.

"Today's news cements our position as a dominant leader in the global wine industry," said Heini Zachariassen, Vivino Founder and CEO. "Our mission to help people, all around the world, find great wine requires significant resources across the wine and technology industries. Thanks to the incredible investment and insights of Christophe Navarre, we re incredibly well suited to continue to attack our mission in unprecedented fashion."

Skype Co-Founder Janus Friis was Vivino's inaugurating angel investor in 2010 and in 2011, Seed Capital contributed preseed funding. Creandum was behind the Series A funding in 2012, and follow on Series A funding of $10.3 million was led by Balderton Capital (formerly known as Benchmark Europe). In May of 2015, Vivino added several new wine loving angel investors, including Melo7 Tech Partners, LLC, cofounded by eight time NBA All-Star Carmelo Anthony.


January 14, 2016

Anaplan Secures $90 Million Investment

SAN FRANCISCO -- Anaplan, the enterprise planning cloud company, announced a funding round of $90 million. Premji Invest led the investment, supported by Baillie Gifford, Founders Circle Capital, and Harmony Partners, as well as Anaplan's current investors including: Brookside Capital, Coatue Management, DFJ Growth, Granite Ventures, Meritech Capital Partners, Salesforce, Sands Capital Management, and Shasta Ventures. The company also announced the appointment of James Budge, former Genesys and Rovi CFO and COO, as its Chief Financial Officer.

Anaplan will use the funds to fulfill increasing global demand for its cloud-based business planning and modeling platform.

Anaplan also announced the appointment of James Budge as CFO. Budge brings to Anaplan more than 20 years of Silicon Valley leadership in private and public companies. Most recently at Genesys, he led global finance, corporate development, legal, HR, and IT. "With the significant momentum the company has achieved to date, I am delighted to join Anaplan to oversee our continued growth," said Budge.

Anaplan President and CEO Fred Laluyaux said, "We are thrilled to welcome our new investors and James to the company. With James' tremendous track record we now have an outstanding finance executive on our team to guide our continued growth," said Laluyaux.

Anaplan has become the worldwide leader in cloud-based, enterprise-wide planning and modeling and is one of the fastest-growing SaaS companies in recent years.


January 11, 2016

Healthline Media Raises $95 Million

SAN FRANCISCO -- Healthline Media -- a consumer health information site -- has raised $95 milion from global growth equity investor Summit Partners to advance the company's mission to be the most trusted resource in the pursuit of health and well-being. Under the terms of the agreement, Healthline's media business will be established as a standalone entity with David Kopp, former general manager of Healthline Media, as CEO.

"Healthline Networks built two very successful businesses in the media and healthcare technology markets," said Dean Stephens, CEO of Healthline Networks. "After launching the Talix business earlier this year, we sought an investor to separately capitalize Healthline Media, enabling David and his team to pursue a more rapid growth rate and achieve their vision of becoming the leading source of high quality consumer healthcare information on the internet."

The new comes at a time of growth for Healthline's flagship site, Healthline.com, which offers medically reviewed clinical content that is authoritative, approachable and actionable. Over the last two years, Healthline.com has been the fastest growing health information site and now has 22 million monthly U.S.-based users and 40 million monthly global visitors (source: comScore, November 2015). Healthline is currently the fourth-largest health information source.


December 1, 2015

AppDynamics Downloads $158 Million Financing

SAN FRANCISCO -- AppDynamics, a leading application intelligence company, announced it has secured $158 million in growth financing from new investors led by General Atlantic and Altimeter Capital, with participation from Adage Capital, Industry Ventures, Goldman Sachs, and Cross Creek Advisors. Existing investors IVP, Greylock Partners and Lightspeed Venture Partners also participated in the round.

"Virtually every business in every industry is going through a digital transformation to stay competitive and AppDynamics is at the heart of this transition," said David Wadhwani, president and CEO of AppDynamics. "We are excited to partner with General Atlantic and Altimeter Capital, as well as our other investors, as we look to accelerate product innovation, expand our offering, and fuel our sales and marketing activities."

The AppDynamics Application Intelligence Platform helps today's software-defined businesses proactively monitor, manage, analyze and optimize the most complex software environments, providing real-time, actionable IT operational and business insights into application performance, user experience, and business outcomes -- all in real time, and all in production. With cloud, on-premises, and hybrid deployment flexibility, AppDynamics works and partners with many of the world's most innovative companies. Customers include Citrix, Concur, DIRECTV, eHarmony, Kraft, MTV Networks, Nasdaq, Nike, Pearson, Progressive Insurance, and Sephora.


November 23, 2015

Quizlet Raises $12.5 Million Series A

SAN FRANCISCO -- Quizlet announced it raised a $12 million Series A led by Union Square Ventures and Costanoa Venture Capital with participation from Altos Ventures and Owl Ventures. Quizlet also announced milestones of 1 billion study sessions completed, with 100 million user-created study sets, and that it's used daily in every country in the world.

Quizlet will use its funding to fuel its growth, hire, expand the product portfolio, build out internationally, and continue achieving its mission to build the most impactful digital learning tools. The company's traction demonstrates the need for learning tools that are learner-focused and curriculum agnostic. Beyond its use by traditional students, Quizlet is used by US diplomats preparing for language exams, Whole Foods employees memorizing food codes, and ski instructors preparing for their certifications.

"Quizlet is the most popular digital learning tool in the world because it is peer-powered and loved by its users," said Andrew Sutherland, Quizlet CTO and Founder. "We're proud that over 40 million people visit Quizlet every month to improve their performance as learners."

Quizlet continues to expand its product portfolio and today is launching two new products: Long Term Learning and Gravity. Long Term Learning provides daily study reminders, which automatically learn what students know and increase repetition for what they need to learn and is now available for Quizlet Plus users. Gravity converts quizzes into an Asteroids-like game to make learning more fun and is available for every Quizlet user on quizlet.com.

Quizlet was founded in 2005 and is based in San Francisco.


November 18, 2015

Athos Closes $35.5 Million Series C

REDWOOD CITY -- Athos, an innovator in next-generation fitness apparel, announced it has closed a $35.5 million investment led by Social Capital. The round includes participation by apparel giant MAS Holdings, Lightspeed Venture Partners and Felix Capital, as well as existing investors DMC, early FitBit investor True Ventures and angel investor Joe Lacob - managing partner and chairman of the Golden State Warriors.

Athos will use this capital to continue to drive innovation in wearable fitness technology, scale to support increasing consumer demand and grow its team - which includes recent additions Don Faul (COO) and Rose Yao (VP of Product). Don brings a wealth of executive experience in sales, marketing and operations from prior roles at Pinterest, Facebook and Google. Rose is a seasoned product leader with experience working on consumer products for Facebook and Google.

Dhananja Jayalath, CEO and co-founder of Athos, stated: "My co-founder Chris and I created Athos to solve a very real problem. We both cared a ton about our health and fitness and spent hours each week in the gym. But we didn't know how to train. So we set out to build something that could help us reach our personal fitness goals, something that would help us do the right exercises, with the right form, at the right intensity."

Some of the nation's top sports performance institutes have been implementing Athos' technology into their training programs for elite athletes and sports teams. Los Angeles-based ProActive and Fast Twitch in Miami utilize Athos in the training regimens of some of their world-class athletes, which include Karl Anthony Towns, Clay Matthews and Elvis Dumervil.

CEO of the Golden State Warriors, Joe Lacob, added: "The Warriors have begun using Athos ' technology in their training arsenal, and now people of all fitness levels have access to this same innovation. Understanding which muscles are firing, and how hard they're working, are pivotal metrics to train with. Whether you're an athlete, or just starting out, Athos gives you the tools to improve your fitness level and work towards your goals- regardless of what that may be."


November 12, 2015

Udacity Scores $105 Million Round

MOUNTAIN VIEW -- Udacity, which offers online education degrees for tech programmers, has scored a $105 million Series D round led by international media, services and education company Bertelsmann with Scotland's Baillie Gifford, Emerson Collective and Google Ventures joining as new investors. Existing investors Andreessen Horowitz, Charles River Ventures, and Drive Capital also participated in the round.

The latest funding values Udacity at $1 billion, giving it Unicorn status.

The company first started offering a Nanodegree program in 2014 which lets students become web developers or app developers entirely online. Udacity says over 11,000 people have enrolled in the program which costs $200 per month and 1,000 have graduated. The company has also turned profitable this year.

Sebastian Thurn is co-founder and CEO of Udacity. He is also a Research Professor at Stanford and former Google fellow.


November 11, 2015

Innit Serves Up $25 Million

REDWOOD CITY -- Innit, a new company that manages and connects food information, has launched with initial funding of over $25 million from founders and strategic investors. Innit unlocks and listens to the information within food through science, technology and culinary expertise. Through its cloud-based platform, Innit then connects food to appliances, devices and users in order to enhance how we select, prepare and cook food.

"We all want to make food tastier and healthier, but until now we've had limited information on the food we eat," said Eugenio Minvielle, founder and president of Innit. "Innit applies culinary and nutritional science to unlock information within food, empowering people to live tastier, healthier lives."

Based in Silicon Valley, Innit brings together experience from top experts in food, technology and science with proven execution capacity. Innit is working with industry partners to digitize food and enable the connected kitchen ecosystem.

Eugenio Minvielle, founder of Innit, is a 20-year food industry veteran with experience leading $10 billion-plus consumer businesses. Minvielle served as president and CEO of Unilever North America, and as president and CEO of Nestlé for multiple regions worldwide.

Kevin Brown, CEO and co-founder of Innit, is a food enthusiast and 20-year Silicon Valley veteran who has built multiple infrastructure technology firms. Brown served on the founding team of search engine pioneer Inktomi, on the original executive team of data security firm Decru (acquired by NetApp), and as CEO of Kidaro (acquired by Microsoft).


October 16, 2015

Symphony Scores Over $100 Million

PALO ALTO -- Symphony Communication Services announced it has raised more than $100 million in new capital to accelerate global customer adoption. New investors Google Inc., Lakestar, Natixis, Societe Generale and UBS, along with a group of existing investors including Silicon Valley venture firm Merus Capital, participated in the round. Symphony previously raised a total of $66 million from a consortium of 15 leading financial institutions.

Creating a trusted and compliant communications service to help users interact more effectively, Symphony will use the new capital to address the high demand it has received in the past few months leading up to its launch and to speed up expansion of its global operations.

"This financing is a vote of confidence in Symphony's value proposition and benefits to business users," said David Gurle, founder and CEO of Symphony. "We are making a major leap toward a safer and more productive method of communication for individuals, teams and businesses. We are delighted to have the support of our new and existing investors to enhance our market leadership."

Symphony's roster of new and existing investors includes: Bank of America Merrill Lynch, BlackRock, BNY Mellon, Citadel, Citi, Credit Suisse, Deutsche Bank, Google Inc., Goldman Sachs, HSBC, J.P. Morgan, Jefferies, Lakestar, Maverick, Merus Capital, Morgan Stanley, Natixis, Nomura, Societe Generale, UBS and Wells Fargo.

The company was founded in 2014 and has headquarters in Palo Alto.


October 3, 2015

Exabeam Lands $25 Million Series B

SAN MATEO -- Exabeam, a leader in user behavior analytics (UBA) for security, announced the closing of a $25 million financing round to further accelerate the company's rapid growth and continue updating its UBA solution in response to customer demand and industry trends. Icon Ventures led the Series B investment round. Exabeam's previous investors -- Aspect Ventures, Investor Shlomo Kramer and Norwest Venture Partners -- also participated in the Series B funding, which follows a milestone year of growth for Exabeam and brings total investments in the company to $35 million.

"Cyber security continues to be an important market, and UBA can provide significant value to enterprises of all sizes," said Jeb Miller, general partner at Icon Ventures. "Exabeam is a leader in the UBA market, with a winning product, an excellent customer base and a strong team that has built multiple public security companies before."

"Both public agencies and private corporations are under non-stop attacks on their sensitive information. We read about new data breaches on a weekly basis," said Nir Polak, CEO of Exabeam. "Most of these attacks occur using valid account credentials, and UBA is the only solution today that detects and improves response to these attacks."

After launching its flagship product early in 2015, Exabeam has enjoyed strong market success, beating both revenue and customer adoption goals. Exabeam appliances are currently monitoring more than 1 million employees and contractors for compromised activity. In addition to continuing its domestic expansion and product development, the company will use the additional funds to drive growth through international expansion.


October 2, 2015

SoFi Raises $1 Billion Series E

SAN FRANCISCO -- SoFi, one of the nation's leading marketplace lenders, and the SoftBank Group, announced a $1 billion in Series E funding led by SoftBank -- marking the largest single financing round in the fintech space to date. Existing investors participating in the round include Third Point Ventures and affiliates of Third Point LLC, Wellington Management Company LLP, Institutional Venture Partners (IVP), RenRen, Baseline Ventures, DCM Ventures and others. The funding will accelerate SoFi's growth as the primary financial services partner for high achieving consumers disenchanted with traditional banking.

The Series E round brings total equity investment in SoFi to $1.42 billion. The firm has been profitable since 2014.

"SoFi continues to redefine consumer expectations in financial services," said Mike Cagney, SoFi CEO and co-founder. "This funding will dramatically advance expansion of our disruptive products and experiences, and in turn, meaningfully benefit financially responsible individuals. Our trajectory is clear: we are well on our way to becoming the most trusted financial services partner in the U.S.," he continued.

SoFi began in 2011 and has funded more than $4 billion in loans to date and is expected to surpass $6 billion in funded loans by the end of 2015.

The Series E funding will fuel SoFi's growth in product innovation, delivery, community value and team. Headquartered in San Francisco, the company currently has more than 400 full-time employees and expects to add at least 100 more by year-end.


August 27, 2015

Coursera Secures $49.5 Million

MOUNTAIN VIEW, CA -- Coursera, the largest platform for open access, high quality online education, announced it has raised a total of $49.5 million in a first closing of its Series C financing. The company expects a second closing early in the fall that will bring its total Series C funding to $60 million. Coursera will use the funds to source new content, expand its global reach, and continue to improve the learning experience for people of all backgrounds.

The Series C financing is led by New Enterprise Associates (NEA), one of Coursera's original investors. Scott Sandell, Managing General Partner, NEA and member of Coursera's Board of Directors said, "Coursera has made tremendous progress over the last year and is meeting a major, global market need with its multi-course Specializations in key workforce sectors. We are excited to support the growth of this high-impact enterprise, which is transforming lives through access to the world's best educational institutions."

Among the firms joining NEA are original investor Kleiner Perkins Caufield & Byers (KPCB) and previous investor International Finance Corporation (IFC), as well as a new investor, Times Internet (TIL), a subsidiary of Bennett, Coleman and Company Limited (BCCL) that also holds the Times of India and related media properties. Other existing investors participating in the second close include GSV Asset Management and Learn Capital.

International growth is a focus for Coursera as the company works to address outsized demand for high quality, accessible learning in key markets including Latin America, China, and India. Three-quarters of Coursera's learners are outside the United States, and emerging economies are its fastest growing markets. The investment by Times Internet is a component of a major new strategic partnership, also announced today. Times Internet will provide marketing, advertising, and strategic support to build awareness of Coursera in India.

Founded in 2012, Coursera now offers 1,100 courses to nearly 15 million learners across the globe, more than half of whom seek skills to advance their careers and livelihoods. Coursera recently launched the Global Skills Initiative to bring companies and universities together to create Specializations, series of courses that teach skills in job-relevant fields. Coursera will more than double its Specialization offerings this fall by launching dozens more from top universities in the fields of business, technology, and data science.


August 2, 2015

GitHub Stores $250 Million

SAN FRANCISCO -- GitHub, which operates an online community for software developers and projects, has raised an additional $250 million in funds according to The Wall Street Journal.

The investment was led by Sequoia Capital with additional participation from Thrive Capital, Institutional Venture Partners and Andreessen Horowitz.

The funding round gives the startup a $2 billion valuation. The company has raised $350 million to date.

GitHub has a community of more than 10 million developers who can contribute to 25 million projects. The company was founded in February 2008.


July 21, 2015

Medallia Receives $150 Million Financing

PALO ALTO -- Medallia, a leading SaaS provider of Customer Experience Management (CEM) solutions, has raised $150 million in growth equity capital in a round led by Sequoia Capital. This new investment follows a period of rapid growth, during which Medallia welcomed a number of additional large enterprise customers to its client base, substantially grew revenue, launched partnerships with several prominent professional services firms and expanded its global operating footprint.

"Consumers are increasingly making purchase decisions based on customer experience data like online reviews and social media feedback rather than pre-existing brand recognition. To deliver consistently great experiences, leading companies are shifting from merely collecting customer feedback to engaging with consumers and embedding their feedback directly into operations," said Borge Hald, CEO and co-founder of Medallia. "Our recent round of funding is an important step in our journey to build customer experience into the DNA of the worlds companies' and change the way they operate."

Medallia first raised venture funding in late 2011, and has now raised a total of $255 million. The company plans to use this most recent investment in a two-pronged plan to further enhance its operations, with a focus on developing additional new product capabilities and tools. Medallia is also expanding its operating footprint in major markets, building on a global team that has doubled in size to over 700 employees in the past 18 months.

Founded in 2001, Medallia has offices in Silicon Valley, New York, London, Paris, Hong Kong, Sydney and Buenos Aires.


July 16, 2015

Ticketfly Scores $50 Million Round

SAN FRANCISCO -- Ticketfly, the software company reimagining the live event experience for promoters and fans, has closed its $50 million Series D financing. The round was led by Riverwood Capital. Ticketfly will use the funds to accelerate development of its industry-leading cloud-based live events platform, including new products and services for its existing client base. The financing will also fuel the company's move upstream into larger facilities, its expansion globally and into adjacent verticals, and a reimagined event-going experience for fans. Ticketfly's total funding to date is now $85 million.

Ticketfly delivers software that facilitates a better experience for both the promoters who produce events and the fans who enjoy them, going well beyond just ticketing. Its integrated platform powers the entire event lifecycle, from booking acts to digital marketing to in-venue commerce. For fans, Ticketfly offers up curated picks from trendsetting venues across North America via a mobile-friendly experience.

"I'm excited to welcome the Riverwood team to the Ticketfly family. We both agree that there is a once-in-a-lifetime moment of disruption happening in the live events space, and Ticketfly is clearly at the center of it," said Andrew Dreskin, co-founder and CEO of Ticketfly. "Technology has forever changed how we listen to music today, but we've only scratched the surface of how it can transform live events, for both promoters and fans."

Recently, Ticketfly crossed the $1 billion mark for cumulative gross sales and was named one of Fast Company's "Most Innovative Companies in Music." The company powers more of Pollstar's top 200 independent clubs in the U.S. and Canada than any other provider, and continues expanding its client list through acquisitions and notable new signings. In March, Ticketfly acquired Northern Tickets, the in-house ticketing service of The MRG Group, Canada's premier entertainment collective, and this summer, it added prestigious partners including Life is Beautiful festival and Central Park Summerstage to its roster.

Ticketfly expects previous investors including Mohr Davidow Ventures, Sapphire Ventures, Cross Creek Capital, Northgate Capital, Primary Ventures (formerly High Peaks Venture Partners), and Contour Venture Partners to participate in this financing.


July 14, 2015

Delphix Announces $75 Million Investment

MENLO PARK -- Delphix, the market leader in Data as a Service, announced a $75 million oversubscribed round of funding led by Fidelity Management and Research Company. Additional investors include Credit Suisse NEXT Investors, LLC, a fund managed within Credit Suisse Asset Management, The Kraft Group, and existing investors, including Greylock Partners, Lightspeed Venture Partners, and Icon Ventures.

"Applications have become a highly contested battleground for businesses across all industries," said Jedidiah Yueh, Delphix Founder and CEO. "Data as a Service helps our customers complete application releases and cloud migrations in half the time, by making data fast, light, and unbreakable -- a huge competitive advantage."

Delphix was founded in 2008 and emerged from stealth mode in September 2010.

The additional capital will enable Delphix to quickly scale sales, marketing, and operations across global geographies and maintain its leadership in Data as a Service (DaaS), a disruptive and transformative market that accelerates application releases and cloud migrations, while reducing IT costs.


July 3, 2015

Adaptive Insights Closes $75 Million Investment

PALO ALTO -- Adaptive Insights, the leader in cloud corporate performance management (CPM) for the biggest brands and the hottest companies, announced that the company has secured $75 million in funding to accelerate product roadmap innovation and global expansion.

With its cloud-based finance solution, Adaptive provides market-changing opportunities both to Excel users and companies that rely on legacy on-premises solutions. With 2,700 customers, more than three times the customers of all other cloud CPM vendors combined, Adaptive helps high-growth companies scale through IPO and beyond, while also enabling blue chip enterprises to reinvent core processes to outpace the competition.

New investor JMI Equity joins the round along with existing investors Norwest Venture Partners, ONSET Ventures, Bessemer Venture Partners, Cardinal Venture Capital, Monitor Ventures, and Information Venture Partners. JMI Equity is focused on high-growth enterprise software companies and brings a track record of success in scaling cloud market leaders, including Eloqua and ServiceNow.

More than 2,700 companies in 85 countries use Adaptive Insights. These range from mid-sized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Siemens.

June 25, 2015

HackerOne Secures $25 Million

SAN FRANCISCO -- HackerOne, which runs a platform for finding computers bugs and offering bounties, announced it has raised a Series B financing round of $25 million led by New Enterprise Associates (NEA), with participation from prior investor Benchmark Capital.

Individuals who have invested in HackerOne include Salesforce Chairman and CEO Marc Benioff, Digital Sky Technologies Founder Yuri Milner, Dropbox CEO and Co-founder Drew Houston, Yelp CEO and Co-founder Jeremy Stoppelman, Zenefits COO David Sacks, Riot Games CEO and Co-founder Brandon Beck, and Berggruen Holdings Chairman Nicolas Berggruen, among others.

Through HackerOne, over 250+ customers have awarded more than 1,500 security researchers, hackers, and developers over $3.2 million dollars. And most important of all, the community has helped uncover and resolve nearly 10,000 security vulnerabilities to date.

The company now has 50 employees.


June 2, 2015

Coupa Raises $80 Million Round

SAN MATEO -- Coupa Software, the world's leading provider of cloudbased spend management solutions, has closed an $80 million investment round led by funds and accounts advised by T. Rowe Price Associates, Inc. and Iconiq Capital, with participation from Premji Invest. Existing investors Crosslink Capital, Battery Ventures, El Dorado Ventures and Rally Ventures also participated, and Qatalyst Partners served as the exclusive placement agent to Coupa in the transaction.

This round's backers join the list of previous investors, which include Meritech Capital Partners, Mohr Davidow Ventures and Blue Run Ventures, and brings Coupa's total capital raises to more than $165 million in aggregate.

A pioneer of pure play cloud spend management solutions, Coupa will use the new capital infusion to fuel continued expansion of its global operations, grow sales, support and marketing worldwide, and increase product development to meet the evolving needs of global enterprises.

"This financing allows Coupa to continue investing in our go-to-market capacity and further expand our market-leading product portfolio and cloud innovations," said Rob Bernshteyn, CEO of Coupa. "With our cloud spend management solutions we are redefining the value software should deliver to businesses and changing how customers define success from enterprise software solutions. We're thrilled to have this roster of investors backing us as we grow our leadership and continue bringing our unique Savings-as-a-Service offering to the world's most successful companies."


May 28, 2015

Tegile Systems Secures $70 Million Series D

NEWARK -- Tegile Systems, a leading provider of flash-driven storage arrays for databases, virtualized server and virtual desktop environments, has closed a $70 million Series D funding round. The new funding brings the company's total capital raised to $117.5 million to date, and will be used to finance its rapid global expansion and address the explosive opportunity within the enterprise flash storage market space.

Three new investors, Capricorn Investment Group, Cross Creek Advisors and Pine River Capital Management, join existing investors August Capital, Meritech Capital Partners, Western Digital and SanDisk to fund the round.

Tegile provides innovative flash-optimized storage solutions that enable businesses of all sizes to accelerate their applications, reduce their storage footprint and cut operational costs. Tegile shipped its first storage array in 2012. Since then, the company has deployed more than 1,500 systems within mid-sized and large enterprise environments and has experienced year-over-year revenue growth of 350 percent.

"The enterprise flash storage market is rapidly evolving and there are a number of companies vying for leadership position," said Rohit Kshetrapal, CEO of Tegile. "I truly believe that we have built something unique in the marketplace. Our flash storage solutions deliver the performance, flexibility, and economics that companies need to achieve new levels of business acceleration while controlling IT costs. With this infusion of venture and debt capital, we will be able to satisfy the rising demand for our Tegile Intelligent Flash Arrays and methodically build Tegile into a sustainable multi-billion-dollar business that will deliver maximum value to our investors."

In the next 18 months, Tegile plans to double the number of employees from its current base of 300, scale up its operations, and further expand its reseller channel to satisfy the rising demand in Europe and Asia. In North America, the company will continue to ramp its sales teams to meet the needs of enterprise and federal government customers.


May 25, 2015

MuleSoft Closes $128 Million Funding

SAN FRANCISCO -- MuleSoft, a company that makes it easy to connect applications, data and devices, has closed $128 million in funding led by Salesforce Ventures, Salesforce's global corporate investment group. This round includes participation from new strategic investor ServiceNow, as well as Cisco Investments, an existing strategic investor. Also participating in the round were public market investors and affiliates including Adage Capital Management, Brookside Capital and Sands Capital Ventures, along with MuleSoft's existing venture investors NEA, Lightspeed Venture Partners, Meritech Capital Partners, Bay Partners, Hummer Winblad Venture Partners, Morgenthaler and Sapphire Ventures.

The latest round brings MuleSoft's total financing raised to $259 million, further cementing MuleSoft's industry leadership and positioning the company for accelerated growth in 2015 and beyond. Building on MuleSoft's partnerships with Salesforce, Cisco and ServiceNow, the funding will help accelerate MuleSoft's technology platform innovation, fuel its international expansion and extend its reach to serve global enterprise customers.

Founded in 2006, MuleSoft has emerged as one of the fastest-growing companies in enterprise software by providing an integration platform that connects any application, API or data source. Fiscal year 2014 was the most successful year in company history, with its annual run rate of total bookings surpassing $100 million, a record number of new customers, and a near-doubling of the number of employees across 10 offices worldwide. The company currently has more than 500 employees worldwide.


May 19, 2015

Icahn Lifts Lyft With $100 Million Investment

SAN FRANCISCO -- Ride-sharing company Lyft has raised an additional $150 million, led by an investment of $100 million from Carl Icahn, one of the most successful investors in history.

The new funds come on the heels of a $530 million Series E investment in March led by Rakuten.

"We are very happy to be investing in Lyft. I believe that ridesharing is poised to become a fundamental component of our transportation infrastructure," said Carl Icahn. "The Company's revenue growth to date has been extremely compelling, and increasing urbanization over the next 5 to 10 years should enable the Company to maintain that trajectory. Additionally, I've been very impressed with Lyft's founders and management team, and I believe they are well-suited to take advantage of this opportunity and to make Lyft an extremely successful company."

Icahn is a major investor in Netflix and Apple.


May 15, 2015

DocuSign Secures $233 Million

SAN FRANCISCO -- DocuSign Inc. announced it has raised an additional $233 million in its latest round of financing to fuel continued growth and worldwide expansion. The financing round was led by Brookside Capital and Bain Capital Ventures.

With more than 50,000 new unique users joining The DocuSign Global Trust Network every day, DocuSign has more than 100,000 companies and more than 50 million users in 188 countries. DocuSign's Digital Transaction Management (DTM) platform empowers anyone to securely transact anything, anytime, anywhere, on any device.

DocuSign has now raised more than $440 million to date from strategic investors and financial institutions including Google Ventures, SAP Ventures, VISA, Salesforce Ventures, Samsung Venture Investment Corporation, Telstra, Comcast Ventures, BBVA, EDBI (the corporate investment arm of the Singapore Economic Development Board), Mitsui & CO (USA) Inc., NTT Finance, Recruit Holdings, the National Association of REALTORS, Brookside Capital, Generation Investment Management, ClearBridge Investments, Cross Creek Advisors, Wasatch Advisors, LLP, Bain Capital Ventures, Wellington Management Company, Sands Capital Ventures, Iconiq Capital, and others.

"We measure our success by our customers' success -- the three biggest aspects driving customer adoption are dramatic ROI, reduced risk in security and compliance, and better end user experiences for our customers' customers," said Keith Krach, Chairman & CEO, DocuSign. "Our equity financing strategy of world class strategic and financial investors allows us to remain relentlessly dedicated to what matters most -- the customer."


May 7, 2015

Zenefits Raises $500 Million Series C

SAN FRANCISCO -- In order to meet strong demand from small- and medium-sized businesses across the country, Zenefits announced that it has raised a $500 million Series C round of funding at a post-money valuation of $4.5 billion. Zenefits is a free, cloud HR automation platform that makes it effortless to manage a business and its employees by automating all of the associated HR administrative work: compliance, on-boarding, payroll updates, health insurance, and other employee benefits. Zenefits launched in 2013.

The funding round was led by Fidelity Management and Research Company and TPG. Among other investors participating are Insight Venture Partners, Founders Fund, Khosla Ventures, and Ashton Kutcher's and Guy Oseary's Sound Ventures. In addition, previous investors Andreessen Horowitz, Institutional Venture Partners (IVP), and actor Jared Leto added to their stakes in the company. With Andreessen Horowitz's investment in the Series C round, Zenefits now represents the venture firm's largest investment to date.

Zenefits has signed up more than 10,000 small-and medium-sized businesses in 48 states across nearly every industry including education, tech, health care, non-profits, financial services, and professional services. The new round of funding will enable Zenefits to build up its sales and marketing teams to help the company reach the approximately 5 million American businesses with between 2 and 1,000 employees and to scale its account staff so that it can support these new customers.

"There are millions of small businesses in the country that have been wasting countless hours every year juggling multiple HR systems and outdated technology. We are not just eliminating the paperwork; we are eliminating the actual work -- making it easier for small businesses to manage and grow," said Parker Conrad, co-founder and CEO of Zenefits "We are thrilled that investors share our vision for the company and for what Zenefits can bring to the marketplace."


May 4, 2015

AltSchool Scores $100 Million Investment

SAN FRANCISCO -- AltSchool kicks off Teacher Appreciation Week with $100 million in funding to further its vision to reinvent U.S. education from the ground up. Founders Fund and Andreessen Horowitz led the round with Mark Zuckerberg and Priscilla Chan's donor-advised fund at Silicon Valley Community Foundation. Additional investment came from Emerson Collective, First Round Capital, Learn Capital, John Doerr, Harrison Metal, Jonathan Sackler, Omidyar Network and Adrian Aoun. This round also includes a new debt facility to fund school expansion.

"From SpaceX to Airbnb to Oscar, today's strongest entrepreneurs are creating technology-enabled models to transform some of the oldest and most established industries in the world. We believe the time has come to reimagine education," said Brian Singerman, Founders Fund managing partner. "The U.S. education system has remained largely unaltered for decades. AltSchool has the audacious vision and scalable solutions to accelerate truly transformative change in the education space."

Since raising $33 million in Series A financing last year, AltSchool has expanded to four schools in the Bay Area, with additional locations in San Francisco, Palo Alto and Brooklyn opening this fall. Its staff has nearly quadrupled, from 30 to 115 employees, one-third of whom are educators. The new investment will support AltSchool as it opens more schools in existing and new markets, aggressively hires the best talent towards its mission, develops new tools and functionality for its platform, and begins to bring its technology to other schools nationwide.

"We started AltSchool because we wanted to change kids' lives, but it has become so much bigger," said Max Ventilla, CEO and founder of AltSchool. "Our students are coming to love learning -- they're achieving milestones in a way that they and their parents didn't imagine possible in traditional school. We've created a culture where teachers feel empowered and valued and where students and parents feel heard. Now, thanks to the philosophical and financial support from our investment partners, many many more educators and families around the country will be able to experience what education can be in the 21st century with AltSchool."


April 17, 2015

Docker Connects With $95 Million

SAN FRANCISCO -- Docker, Inc., the organization behind the open platform for distributed applications, announced that it has raised $95 million of Series D funding. This latest infusion builds on the successful Series C round raised in September, and enables Docker to address the needs of the millions of ecosystem users and thousands of enterprises that have standardized on Docker's technology. The financing will enable deeper integration with go-to-market partners such as AWS, IBM and Microsoft, who have made strategic product investments in support of Docker's open source technology.

The round was led by Insight Venture Partners, with new contributions from Coatue, Goldman Sachs and Northern Trust. Existing investors Benchmark, Greylock Partners, Sequoia Capital, Trinity Ventures and Jerry Yang's AME Cloud Ventures also participated in the round.

"This financing is a strong vote of confidence in Docker management, and strengthens the company's ability to fulfill the needs of the millions of developers who have made the commitment to utilizing its breakthrough products and services in their daily work," said Jeff Horing, co-founder of Insight Venture Partners. "Docker will be able to continue to make additional hires in general to put more critically-needed products into the hands of developers."

Docker's model enables any application to be built and run as a consistent, low-overhead Docker container, liberating developers from infrastructure concerns and dramatically increasing innovation. Enterprises using Docker have reported that it shrinks deployment cycles from weeks to minutes and drives up to 20X improvement in computing resource efficiency. More than 300 million instances of Docker's technology have been downloaded from its hosted service, Docker Hub, enabling organizations to create both an agile application environment and an agile organization.

"Our responsibility is to give people the tools they need to create applications that weren't possible before," said Solomon Hykes, founder and CTO of Docker. "We will continue to honor that commitment to developers and enterprises. We think they are still looking for a platform that helps them build and ship applications in a truly standardized way, without lock-in or unwanted bundled features. That is what we set out to build, and we are not yet content with what we have achieved so far. We are getting a clear message from the market that they like what we are building, and we plan to keep building it. The financing enables us to deliver on that promise."


April 13, 2015

Prosper Marketplace Secures $165 Million Series D

SAN FRANCISCO -- Prosper Marketplace, which operates the largest privately held online marketplace for credit, announced a $165 million Series D financing, led by Credit Suisse NEXT Investors, part of Credit Suisse Asset Management. Additional participants included J.P. Morgan Asset Management, SunTrust Banks, a subsidiary of USAA, BBVA Ventures (BBVA's representative office in San Francisco), Neuberger Berman Private Equity Funds, Passport Capital, Breyer Capital, and others. The latest funding will support the company's continued growth, expansion, and development of a national brand as it builds new products and services for the marketplace's borrowers and investors.

The funding comes on the heels of a record quarter, with nearly $600 million in loans originated through the Prosper platform, up 200% from the year ago quarter. The significant growth is a true indication of the increasing mainstream acceptance of marketplace lending.

"This investment is a testament to the efforts of our entire team in changing how people experience access to credit," said Aaron Vermut, chief executive officer at Prosper Marketplace. "The explosion of interest in P2P lending demonstrates that a shift is in progress in the way that consumers borrow and lend. This new funding will help us scale the business to meet this growing awareness and demand."

Over the past six years, more than $3 billion in personal loans have originated through the Prosper platform, helping people around the U.S. consolidate credit card debt and pay for everything from medical procedures to home improvement to special occasions.

April 6, 2015

ZenPayroll Raises $60 Million From Google

SAN FRANCISCO -- ZenPayroll announced that Google Capital is leading a $60 million round of funding in the company, with participation from Emergence Capital Partners, Ribbit Capital, and others, as well as existing investors including General Catalyst, Kleiner Perkins Caufield & Byers, and Google Ventures. This round brings ZenPayroll's total funding to date to $86.1 million.

"ZenPayroll has changed payroll from an impersonal transaction into a meaningful connection between employers and employees, and we're delighted to join in their mission to free people to do their best work," said Laela Sturdy, partner at Google Capital. "They're growing at an incredible rate and we're excited to see how they'll continue to help small businesses around the country."

ZenPayroll launched in 2012 with support for companies in California. Having grown by over 10x since their Series A, ZenPayroll is currently processing billions of dollars in annual payroll for more than 10,000 small businesses across the country. Today the company supports businesses in 47 states and the District of Columbia, representing over 98% of the U.S population. By the end of April, ZenPayroll will support businesses nationwide.

"We are proud to welcome Google Capital to the ZenPayroll community. Not only does Google exemplify the power of technology to improve people's lives, they also share our core belief that people are the most important part of every business," said Joshua Reeves, CEO and co-founder of ZenPayroll. "We are building a future where everyone can reach their fullest potential at work. That mission is part of everything we do, from designing the product to serving our customers to growing our team. We are excited to benefit from the talent, passion and strategic expertise of Google's technology and product leaders."

ZenPayroll, which currently employs approximately 84 people in its headquarters in San Francisco, is hiring.


April 2, 2015

Ayasdi Rounds Up $55 Million Investment

MENLO PARK -- Ayasdi, the leader in Machine Intelligence software, announced more than 400 percent bookings growth for fiscal year ended Jan 30th, 2015, and a new $55 million round of Series C funding, led by Kleiner Perkins Caufield & Byers (KPCB), and joined by existing investors, Institutional Venture Partners (IVP), Khosla Ventures, FLOODGATE, Citi Ventures, and new investors, Centerview Capital Technology and Draper Nexus.

Ayasdi's Machine Intelligence software solves the most complex and impactful analytical challenges for Fortune 500 companies around the globe. In the previous 12 months, Ayasdi's customer roster grew substantially to include Citigroup, Credit Suisse, Siemens, Lockheed Martin, Mercy health system, Mount Sinai School of Medicine, UCSF Medical Center, and other leaders in financial services, technology, healthcare, government and life sciences. In addition, Ayasdi announced partnerships with Cloudera, Hortonworks, Intel and Teradata.

"By combining many machine learning algorithms together with topological mathematics and artificial intelligence, Ayasdi developed an entirely new approach that simplifies complex data analysis for large organizations," said Ted Schlein, General Partner at KPCB. "Machine Intelligence is one of the breakthrough innovations that will drive the next information and productivity wave in the coming decade."

Ayasdi was founded at Stanford in 2008 by a Ph.D. Math student and his professor.

March 25, 2015

August Announces $38 Million Series B

SAN FRANCISCO -- August, the technology company that brings a new level of control, security and trust to the home, announced that it has raised $38 million in Series B funding led by Bessemer Venture Partners, with participation from Comcast Ventures and Qualcomm Incorporated, through its investment arm, Qualcomm Ventures. This brings the company's total funding to $50 million with previous investors including Maveron, Cowboy Ventures, Industry Ventures, Rho Ventures, and SoftTech VC , all of which participated in the Series B round. August will use this latest round of funding to launch new products for home access, expand further into retail markets, and grow the San Francisco based team.

August, co-founded by technology entrepreneur Jason Johnson and renowned designer Yves Béhar, launched its flagship product, the August Smart Lock, in Apple stores nationwide in October 2014. The Bluetooth low energy smart lock combines intelligent software and hardware to let smartphones replace keys. August's intuitive iOS and Android apps let users send virtual keys to family, friends, and others to provide seamless access to their homes. In February 2015, the company released a new hardware device, Connect, which works alongside the August Smart Lock, providing it with a WiFi connection that enables remote access to the home and integration with other smart devices.

Additional investors participating in this round include CAA Ventures, Dolby Family Ventures, Global Brain, KDDI, SanDisk Ventures and Singtel Innov8.

The August Smart Lock is available for purchase for $249.99 at August.com, Amazon.com, or an Apple store. August Connect is available for purchase for $49.99 at August.com and Amazon.com.


March 13, 2015

Lyft Soars With $300 Million Funding

SAN FRANCISCO -- Japanese Internet company Rakuten, Inc. announced that it has agreed to purchase a 11.9% stake in Lyft, the world's second-largest ride-sharing service provider based in San Francisco. Rakuten is investing $300 million as the lead investor in Lyft's series E investment round. Other investors in this round weren't disclosed.

Hiroshi Mikitani, founder and CEO of Rakuten, said: "We have seen the future and this is it. By empowering human connection, the sharing economy is going to fundamentally transform the service industry and benefit society. We believe businesses like Lyft that unlock the latent potential that exists in people and society hold the key to the future."

John Zimmer, co-founder and President of Lyft, said: "With this new investment, we are closer than ever before to realizing our vision of re-connecting people and communities through better transportation."

The funding will allow Lyft to continue growing its service and invest in both domestic and overseas expansion. Through this investment, Rakuten aims to empower one of the leaders in the sharing economy and pioneers in the rapidly expanding ride-sharing service industry.

Lyft has now raised over $530 million to date and trails industry-leader Uber in ride sharing services worldwide. Other Lyft investors include Andreessen Horowitz, Coatue, Mayfield Fund and Founders Fund.


March 10, 2015

Quixey Secures $60 Million

MOUNTAIN VIEW -- Quixey, which develops a search engine for mobile apps, has raised $60 million in a strategic additional Series C1 round led by Alibaba; other participants in this round include partners such as SoftBank, Goldman Sachs, and GGV Capital.

Founded in 2009, Quixey launched an app search engine in 2011 and is now used by the world's largest mobile manufacturers, app stores, carriers, and search engines. Clents include Ask.com, Sprint, Microsoft and Nokia.

The company has now raised over $130 million to date.


March 4, 2015

Nextdoor Announces $110 Million Round

SAN FRANCISCO -- Nextdoor, which operates a neighborhood social network, has announced a $110 million funding round led by Redpoint Ventures and Insight Venture Partners. The company is now valued at $1.1 billion with the new investment.

Previous investors in the company include: Benchmark Capital, Greylock Partners, Kleiner Perkins Caufield & Byers, Tiger Global Management, and Shasta Ventures.

Nextdoor has local sites for 53,000 neighborhoods making up about 35% of the U.S. The company reports over 5 million daily user messages on its site and is working with 647 community and city agencies to help provide info to local members.

Users must verify their address when joining Nextdoor and can only message people in their area.


February 21, 2015

LifeFyre Raises $47 Million Funding

SAN FRANCISCO -- Livefyre, the leading real-time content marketing and engagement platform, announced that it has raised $47 million in funding from Adobe, Cue Ball, Greycroft Partners, Hillsven Capital, Salesforce Ventures and U.S. Venture Partners.

"We're excited to have Adobe and Salesforce Ventures as investors as we continue to build technology to address the emerging content and community needs of brands and publishers," said Livefyre founder and CEO Jordan Kretchmer. "Livefyre's mission has always been to help our customers drive online conversations and community around content. Over time, we have evolved the platform to include vital functionality that enables marketers to not only engage but grow their audiences through the management, discovery and amplification of user generated content."

As the only content management platform built for user-generated content, Livefyre holds a unique position among marketing cloud technologies. No other platform enables marketers to easily discover, manage and publish the large amounts of user-generated content created about their brand to their own properties through a single platform, whether that content is generated on their website, mobile apps or on social networks.

Leading up to the $32 million Series D round, Livefyre raised $15 million in Series C2 financing, which was not announced to due to its proximity to the Series D closing. Livefyre will invest this latest round of capital in strategic growth areas such as research and development, sales and marketing expansion and growth in international markets.


February 4, 2015

SoFi Scores $200 Million Series D

SAN FRANCISCO -- Social Finance, Inc. (SoFi), a leader in marketplace lending, announces $200 million in Series D funding led by Third Point Ventures and affiliates of Third Point LLC, with Wellington Management Company LLP, Institutional Venture Partners and existing investors also participating in the round. Goldman Sachs served as sole placement agent to the company on the financing. SoFi will use these funds to fuel the expansion of its consumer lending products throughout the United States and build out its marketplace with new options for investors.

SoFi launched as an alternative to traditional banking in 2011, and was the first to offer refinancing of both federal and private student loans. Since that time, the company has originated over $1.75 billion dollars in loans, and expanded to offer a suite of solutions for early stage professionals, including mortgages, MBA loans, and personal loans. Its low down payment mortgages and mortgage refinancing are currently available to qualified borrowers for primary residences in 12 states plus Washington, DC and will expand to additional states soon.

"Member response to the SoFi experience -- our nontraditional underwriting approach, product innovation, and seamless customer service -- has proven that we're becoming the preeminent financial services provider for early career professionals," said Mike Cagney, CEO of SoFi. "This financing allows us to continue to expand our unique offerings to them while delivering access to premium credit for our marketplace investors."

The firm currently has nearly 200 full-time employees and is actively recruiting in several areas. Most recently, SoFi opened a 50+ person office in Healdsburg, California to house some of its sales, servicing and underwriting teams. SoFi also has offices in Washington, DC, Helena, Montana and Frisco, Texas.

In addition to its consumer lending products, SoFi provides its members with services like career advising, access to its member network, and entrepreneurial support to help them achieve financial and professional success. To date, SoFi has helped more than 60 SoFi members secure new jobs through its career support program and aided over 20 entrepreneurs in starting businesses.


January 19, 2015

MongoDB Secures $80 Million

PALO ALTO and NEW YORK -- MongoDB announced that the company has secured an additional $80 million in funding from prominent institutional investors and investment funds in December. A sovereign wealth fund led the round, with participation from Goldman Sachs and from existing investors Altimeter Capital, NEA, Sequoia and funds managed by T. Rowe Price Associates, Inc. MongoDB has attracted a total of $311 million from investors, positioning it as the best capitalized next-generation DBMS company in the world.

The company has dual headquarters in New York and Palo Alto.

"The market has reached a tipping point where most developers and IT organizations realize that modern applications cannot continue to be built on relational database technologies. They are shifting to MongoDB in a big way. MongoDB was designed to make it easy to develop applications that require rapid change, massive scale, always-on operation, and support for a large variety of unstructured and semi-structured data, all at significantly lower costs," said Dev Ittycheria, President and CEO of MongoDB. "Our investors, who represent some of the smartest and most successful technology investors in the industry, understand this major secular trend. These additional funds mean we can further accelerate the delivery of world-class DBMS technology while scaling the business to meet the needs of our users and customers globally."

MongoDB is now used by over 2,000 customers, including 34 of the Fortune 100 and many other companies known for their technology sophistication, including Adobe, ADP, Amazon, AT&T, Bosch Software Innovations, Buzzfeed, Cisco, Craigslist, Dropbox, eBay, eHarmony, Expedia, Foursquare, Facebook's Parse, Forbes, The Gap, Gilt Groupe, Goldman Sachs, Gov.UK, Intuit, McAfee, MetLife, MTV, O2, Salesforce, Shutterfly and Under Armour.

With more than 2,000 customers and 9 million downloads, MongoDB is the world's fastest growing database. In recognition of MongoDB's leadership position, more than 750 companies have formally joined its partner ecosystem, including Amazon Web Services, CapGemini, CGI, Cloudera, Cognizant, EMC, Google, HCL, Hortonworks, IBM, Infusion, MapR Technologies, Microsoft, Pentaho, Pure Storage, Rackspace and Red Hat.

,