Posts By Noah Long

Geofeedia raises $3 million

Screen Shot 2015-03-06 at 1.45.21 PM
Geofeedia is a service that focuses on location-based social media monitoring, intelligence, and analysis for corporate security, media and marketing teams. Geofeedia has raised $3 million in Series A4 funding. Hyde Park Venture Partners led this round of funding with participation from Tim Kopp (former CMO of ExactTarget) David Gupta (founder and CEO of SDI Enterprises) and Gene Delaney (former president at Motorola). More details below:

PRESS RELEASE

CHICAGO – Geofeedia, the pioneer in location-based social media intelligence, today announced the closing of a $3 million series A4 financing. Hyde Park Venture Partners led the financing round with follow-on participation from Tim Kopp, former CMO of ExactTarget; David Gupta, founder and CEO of SDI Enterprises; and Gene Delaney, former president at Motorola. The financing brings the company’s total funding to $6.8 million and will enable Geofeedia to hire key talent, to invest in marketing, and to expand into additional vertical segments.

“We have a huge opportunity to become one of the fastest growing software businesses in the country. We’ve just reached over 10,000 users on our platform and are on pace to quadruple our customer base in 2015,” said Phil Harris, CEO and cofounder of Geofeedia. “This round provides the capital needed to hire the very best talent available so that we can execute on marketing, sales and overall growth as we expand into even more verticals.”

Geofeedia experienced tremendous growth last year with bookings in 2014 expanding to over $3 million, representing an 857% year-over-year increase. Geofeedia recently opened an office in Indianapolis’ iconic Circle Tower building and expects to hire a total of 50 additional team members between the Chicago and Indianapolis offices in 2015.

“We’ve seen more than a thousand B2B SaaS companies and never have we seen a startup hit a vein like Geofeedia. They make product and sales look easy by staying true to a core value proposition – location matters. Marketers and public safety agencies need the location and contextual insight of social media that only Geofeedia can provide,” said Guy Turner, managing director of Hyde Park Venture Partners.

Geofeedia enables organizations to filter and analyze social media content by location in real-time across multiple sources. Users search for a city, address or location name, draw a virtual perimeter around their specific area of interest, and access geo-tagged social media content from within those boundaries in a matter of seconds.

Hundreds of the world’s leading brands and most respected organizations, including Fortune 500 companies like McDonald’s and Dell, leading news outlets like the AP, BBC and CNN, and public safety agencies like the Los Angeles County Sheriff’s Department utilize Geofeedia’s powerful subscription-based patented platform to gain real-time, actionable intelligence through hyper-local social media monitoring.

Geofeedia will be rolling out innovative new features and functionality in the coming months to further penetrate additional markets. The company was one of 100 companies named to the TechPoint Mira Awards honoring “the best tech in Indiana” and was also included in Gartner’s 2014 Cool Vendors report.

About Geofeedia

Geofeedia is the market leader in location-based social media monitoring, intelligence and analysis for corporate security, public safety, media and marketing teams. Geofeedia’s patented platform enables organizations to filter and analyze public, geo-tagged social media content across multiple sources in any global location to understand, in real-time, what’s happening within the areas most important to them. Geofeedia is headquartered in Chicago and has offices in Indianapolis and Naples, Fla. The company was founded in 2011 by Phil Harris, Mike Mulroy and Scott Mitchell. To learn more about Geofeedia visit http://geofeedia.com.

Farfetch raises $86 million

Farfetch Logo
Farfetch is an online fashion company that has raised $86 million in funding from DST Global and other existing shareholders. Farfetch is now valued at $1 billion. Farfetch works with over 300 of the largest designer boutiques on its website Farfetch.com and has raised more than $195 million. Farfetch will be using the funding to launch its service in local language websites, including German, Spanish, and Korean. Some of Farfetch’s existing shareholders include Conde Nast and Vitruvian Partners.

Terralux raises $11 million in funding

Terralux Logo
Based in Longmont, Colorado, Terralux has raised $11 million in funding. EnerTech Capital led this round of funding. Terralux is known for designing and manufacturing LED lighting and building intelligence solutions. More details below:

PRESS RELEASE

LONGMONT, Colo.–(BUSINESS WIRE)–TERRALUX, Inc. announces that EnerTech Capital, a leading energy technology venture capital firm, led an $11 million growth investment in the company. Joining EnerTech in this round are investors Generation Investment Management, Crawley Ventures, Emerald Technology Ventures, GC&H Investments, and Founder & CTO Dr. Anthony Catalano.

“TERRALUX has built elegant solutions that allow building owners to begin retrofitting the enormous base of existing buildings with energy efficient LED technology,” said Bill Kingsley, Managing Director with EnerTech Capital. “The pace, quality and the market acceptance of their new product releases caught our attention. The new LEDSENSE® technology with sensory, communications and controls capabilities will allow building owners to take advantage of previously unavailable information. We believe in this strategy and look forward to working with the existing investors and management team to drive the rapid growth of TERRALUX.”

The funding will be used to continue TERRALUX’s strong sales growth and further develop its rapidly expanding portfolio of its LED retrofit products, OEM products and LEDSENSE® cloud-based technology.

“LED lighting retrofit is quickly becoming more than just saving energy,” said TERRALUX CEO Steve Hane. “The massive footprint of commercial buildings challenge basic and separate systems in use today. LED retrofit with a cloud-based lighting system is the most economical way to connect a building’s infrastructure to the Internet of Things (IoT). We are very pleased to have EnerTech endorse our strategy, join our investor group, and together with our existing investors, enable our continued growth.”

About TERRALUX Inc. TERRALUX designs and manufactures LED lighting and building intelligence solutions. TERRALUX’s illumination-grade technology can be found in commercial and industrial applications. TERRALUX solutions are easy to install, highly reliable and economical. TERRALUX holds 30 patents across the most critical aspects of LED technology. For more information visit: www.terralux.com.

About EnerTech Capital EnerTech Capital invests in companies that offer products or services that dramatically improve the profitability of producing or consuming energy. Founded in 1996, the firm has managed approximately $500 million and has delivered over 30 exits. EnerTech Capital is currently investing out of its fourth fund and has offices in Philadelphia, Toronto, Montreal and Calgary, and Menlo Park.

Luxe raises $20 million in funding

Luxe Logo
Luxe is an on-demand parking service that has raised $20 million in funding from Venrock and Redpoint Ventures. Luxe said that its service will be expanding to several other cities across the country by the middle of 2015 starting such as Boston, Chicago and Seattle. More details below:

PRESS RELEASE

SAN FRANCISCO, March 3, 2015 /PRNewswire/ — Luxe, the leading on-demand parking service, announced today that it has secured Series A financing of $20 million USD from lead investor Venrock as well as Redpoint Ventures. The company also announced that its service will be available in cities across the country by mid-2015, beginning with adding Boston, Chicago and Seattle this quarter, as well as the release of its Android app. The funding paves the path towards national availability of its increasingly popular service, which connects drivers with trained and pre-screened valets via its mobile app. As part of the funding round, Brian Ascher of Venrock and Ryan Sarver of Redpoint Ventures will join Luxe’s Board of Directors.

In addition to expanding its footprint across the US, Luxe will also continue to build its team, including hiring Ro Choy, former Chief Operating Officer of BitTorrent as Chief Business Officer. Luxe will focus on building a presence in major urban hubs where parking has become an increasingly difficult and expensive painpoint for everyone from daily commuters to those driving to meetings and appointments.

“Parking in the core of most cities is a nightmare and apps that list garage locations, parking prices, or handle payments have not solved the problem,” said Ascher. “Luxe’s service oriented solution turns a headache we all routinely encounter into an awesome experience. It’s an operationally complex business but the Luxe team blew us away with their vision and focus on execution.”

Rapid Growth in San Francisco and Los Angeles In the last six months, Luxe has seen explosive growth in demand in San Francisco and Los Angeles, with the average customer parking with Luxe two times a week, 90 percent month over month growth in customers and 97% growth in transactions month over month. This growth and increasingly habitual use of Luxe were key factors for Redpoint’s Ryan Sarver to invest in the Series A. Sarver said, “Luxe’s success proves out the importance of delivering a service that consistently delights people. Luxe has created new daily habits for a wide set of consumers which is when the magic of network effects starts to kick in. We’re proud to have backed the Luxe’s team from its early days as they have scaled their technical and operational functions to meet demand.”

Launching in Boston, Chicago and Seattle in Q2 Currently available in San Francisco and Los Angeles, Luxe will be available in Boston, Chicago and Seattle by the end of April, and plans to continue its expansion in several more cities this year. The team will begin recruiting valets and open up private beta access for interested consumers in both cities in the coming weeks via its website at www.luxevalet.com/boston, www.luxevalet.com/chicago and www.luxevalet.com/seattle.

Luxe’s CEO and Co-Founder Curtis Lee explained, “The fact is, 90 percent of Americans have to drive to work or to daily appointments like visiting the doctor, and in major metropolitan areas parking costs have continued to rise as inventory in parking garages is reduced. Luxe’s model, where we bring a breakthrough business model together with the latest mobile technology creates efficiencies and cost savings for consumers.”

About Luxe Luxe, the leader in on-demand parking, is headquartered in San Francisco, California. Available for free download on iOS and Android and currently serving San Francisco and Los Angeles, Luxe solves the parking problem by doing the parking for you. Currently expanding to additional cities across the U.S., Luxe’s team is backed by the investors behind consumer technology standouts like Uber, Sonos, Netflix and Nest and is led by a veteran consumer technology team with experience from Zynga, Google and Tesla Motors. Read more about us here: www.luxevalet.com

Tempered Networks raises $15 million in Series A funding

Screen Shot 2015-03-05 at 6.52.28 PM
Tempered Networks is a provider of secure connectivity for critical infrastructure and information that has raised $15 million in Series A funding led by Ignition Partners with participation from IDG Ventures. Tempered Networks has raised a total of $22 million thus far. More details below:

PRESS RELEASE

SEATTLE, MARCH 3, 2015 –Tempered Networks, Inc., provider of secure connectivity for critical infrastructure and information, today announced it has raised $15 million in a series A funding round led by Ignition Partners with participation from IDG Ventures. This brings the total amount of financing the company has raised to $22 million. The new funding will be used to build the company’s sales, marketing, and engineering teams and expand its distribution channels.

Tempered Networks also announced that John Connors, Managing Partner at Ignition Ventures, has joined its Board of Directors. “The proliferation of connected devices is increasing enterprises’ exposure to security breaches by orders of magnitude,” said Connors. “Tempered Networks’ industrial hardened solution and world-class team will be mission critical to companies needing to secure their connected assets, across edge, corporate, and industrial networks.”

Since being commercialized in 2012, the company’s break-through technology has protected critical infrastructure—typically controlled by ICS (Industrial Control Systems) and SCADA (Supervisory Control and Data Acquisition) systems—against cyber security attacks. Tempered Networks has customers in the manufacturing, oil & gas, and utilities sectors which employ its solution to achieve a hardened, resilient, and secure network. In 2014, Tempered Networks was named 2014 North American Entrepreneurial Company of the Year by Frost and Sullivan as well as an SC Magazine 2014 Security Innovator.

“Ignition’s deep domain expertise as both investors in and operators of enterprise software companies, made them a great fit to lead this round,” said Jeff Hussey, President and CEO of Tempered Networks and founder of F5 Networks. “We have worked with both firms successfully in the past and look forward to collaborating with them as we continue to grow and extend our reach in the market.”

Supporting Resources

Tempered Networks solution overview video

Whitepaper: Moving Beyond Perimeter-based Security

Twitter: @TemperedNW (https://twitter.com/TemperedNW)

LinkedIn (https://www.linkedin.com/company/tempered-networks)

About Tempered Networks Tempered Networks meets the security and connectivity challenges for businesses who rely on critical infrastructure, industrial control systems (ICS), and the Industrial Internet of Things (IIoT). The company provides a Virtual Private Overlay Network architecture that orchestrates identity and trust management. Organizations can cloak their critical infrastructure devices, while allowing them to communicate over secure channels. Tempered Networks’ deployment model bridges IT and OT (Operational Technology) imperatives by delegating control of overlay networks, with centralized governance and oversight. This model increases an organization’s profits, reduces TCO, and improves internal IT customer satisfaction. Tempered Networks’ solution includes a comprehensive HIPswitch™ product line that matches the fit, form, and function of the target applications on trusted and untrusted networks. Key industries that benefit today from the solution include Public Utilities (Power, Water and Gas) Oil & Gas, and Manufacturing. For more information go to temperednetworks.com.

YouMail raises $5.5 million in Series B

YouMail Logo
YouMail is a cloud-based telecommunications platform company that has raised $5.5 million in Series B funding. YouMail will be using the funding to expand its base of over 6.5 million registered users. The investors in this round were not identified. More details below:

PRESS RELEASE

IRVINE, Calif., March 3, 2015 /PRNewswire/ — YouMail, the leading provider of intelligent, cloud-based telecommunication services for consumers and small businesses, has completed a $5.5m series B round. The company will use the proceeds to expand its base of well over 6.5 million registered users. This round brings the company’s total raise in debt and equity to just over $20 million.

YouMail raised its latest funding in February as a private placement, taking advantage of the federal Jumpstart Our Business Startups (JOBS) Act. Among other things, the JOBS act removed the ban on general solicitation and general advertising in private placements, allowing YouMail to market its offering through the internet, open webcasts and similar means. This private placement was managed by Digital Offering, a next-generation, technology-driven merchant bank, and included a mix of institutional investors, family offices, private investors, and other investment groups.

YouMail provides a digital personal assistant that helps users better manage incoming phone calls. Users download YouMail’s app, which replaces their existing smart phone visual voicemail. YouMail’s service improves its user’s caller care, privacy, and productivity, through innovative features such as visual caller ID, automated caller blocking, personalized smart greetings, automatic replies, cloud storage, multi-platform access to messages, call routing, and more.

YouMail is available on iPhone and Android, in addition to desktop and mobile Web-based platforms. There are also third-party applications tied into the YouMail Platform for Windows Phone, iPhone, and Android.

To expand its market presence, YouMail recently hired Brian Davi as the company’s Vice President of Marketing. Davi is a veteran marketing professional with a proven track record of implementing strategies that have produced more than $120 million in annual revenue. Previous to joining YouMail, Davi was the VP of Marketing at Sendme Inc.; Director of Advertising Analytics at Universal Music Group; and the Associate Director of Marketing at Fox Mobile Distribution. With the new team in place, YouMail is excited to embark on its next phase of growth and maturity, said CEO Alex Quilici, a serial entrepreneur who previously co-founded Quack, a voice portal startup which was later acquired by AOL.

“Consumers are overwhelmed with calls, texts, and other forms of communication, especially those who use their cell phone for business or to manage a busy family’s needs.” Quilici said. “Thanks to the JOBS Act, YouMail was able to leverage the popularity of its consumer service and successfully reach beyond traditional sources.”

Prior to this current round of private funding, YouMail’s investors include Vantage Point Capital Partners, the Crunch Fund, Wavemaker Ventures, and Tech Coast Angels.

About YouMail: YouMail, Inc. (http://www.youmail.com) is the leading provider of intelligent, cloud-based telecommunication services. The company’s flagship service, YouMail, provides a digital personal assistant for handling phone calls that replaces the user’s voicemail on Android, iPhone and Windows Phones. Headquartered in Irvine, Calif., YouMail is backed by VantagePoint Capital Partners, Wavemaker Ventures, the Tech Coast Angels ACE Fund, the CrunchFund, the Tech Coast Angels, and numerous private investors and family offices.

Cheyipai raises $110 million

Screen Shot 2015-03-05 at 6.24.38 PM
Cheyipai is a China-based online used car trading platform. Cheyipai has raised $110 million in Series D funding led by Renren with participation from Sequoia Capital, Matrix China, Morningside Ventures and CITIC Capital. Cheyipai is the largest used car trading platform in China based on the number of transactions. More details below:

PRESS RELEASE

BEIJING, March 2, 2015 /PR Newswire/ — China’s largest used car e-business trading platform Cheyipai announced that it has completed a new round of financing valued at $110 million. Renren Inc. (NYSE: RENN) was the lead investor of this D-round financing with secondary investors Sequoia Capital, Matrix China, Morningside Ventures and CITIC Capital. The sole financial adviser was Hina Group.

Founded in 2006, Cheyipai has now become China’s used car trading platform with the largest number of transactions. With a strong technical foundation and an expansive nationwide car dealer network, Cheyipai has created a unique service capable of being able to “sell a used car anywhere across the country within 15 minutes,” providing used car owners with quick and efficient platform for getting their car sold. By the end of 2014, more than 500,000 used car sale transactions had taken place on the Cheyipai platform.

Cheyipai has created a new ecosystem based on applying the online to offline (O2O) model to the sale of used cars. Leveraging the “268V” inspection technology which is proprietary to Cheyipai, the used car platform has trained and continues to train the inspection team through its “268V” inspection institute. So far, Cheyipai has built an 800 person-strong inspection team deployed throughout the country, able to provide designated location and on-site testing services to potential used car owners. During 2014, Cheyipai developed a technology-based solution for the used car industry and aggressively expanded its service network across the country. Cheyipai has now built four operation centers strategically located across the country to maximize geographical reach and set up dozens of secondary service centers as well as established a sales network covering more than 300 cities nationwide.

Cheyipai plans to further strengthen its offline services throughout the country by continually recruiting new inspectors and improve the training provided to all inspectors in an ongoing move to constantly perfect its inspection and after sales services. The company also plans to strengthen professional cooperation at all levels across the industry. “The goal of Cheyipai is to make sure that there is no used car in China remains unsold and make it easier for anyone and everyone who wants to own a car to be able to achieve that dream,” said Yang Xuejian, CEO of Cheyipai.

GuideSpark raises $22 million

Screen Shot 2015-03-02 at 10.13.02 PM
GuideSpark is an employee communications and engagement company that has raised $22.2 million in funding.This round of funding was led by Meritech Capital Partners with participation from New Enterprise Associates, Storm Ventures and IDG Ventures. More details below:

PRESS RELEASE

MENLO PARK, CA–(Marketwired – Feb 24, 2015) – GuideSpark, the leader in employee communications and engagement, announced today that it has closed a $22.2 million round of Series C funding, led by Meritech Capital Partners with participation by existing investorsNew Enterprise Associates (NEA), Storm Ventures and IDG Ventures.

Since its founding in 2008, GuideSpark has sought to change the way companies communicate with their employees through customized, engaging and cost-effective videos. Available on any device, the GuideSpark platform helps companies to educate employees on a range of complex topics, such as benefits, health care reform and compensation programs. As a result, employers can provide an interactive user experience that resonates with their teams and leads to an engaged and informed workforce.

With the new round of investment, GuideSpark can continue its mission to revolutionize employee communications, better serve its growing customer base and further build its market-leading brand. The funding will support growth across the company, including marketing, sales, product development, content, CSM, infrastructure, corporate and business development, enabling GuideSpark to maintain its status at the forefront of the employee communications field.

GuideSpark will also benefit from welcoming Craig Sherman, managing director of Meritech Capital Partners, to its board of directors. Sherman leverages a wealth of operating experience, having served as COO of Ancestry.com and as CEO of Gaia Interactive. With a history of investing in successful digital media companies and promising startups, Sherman’s expertise will complement the existing board and bring great value to GuideSpark as the company continues to scale its business.

“Meritech Capital invests in late-stage tech companies that show true innovation and have proven their ability to disrupt the status quo,” said Sherman. “GuideSpark has certainly changed the game and delivers a proven solution for more effective employee communications. We are proud to provide GuideSpark with capital to support its rapid growth and continue creating new innovations.”

“Meritech’s investment continues to validate the tremendous market opportunity GuideSpark has to transform how companies engage and connect with employees,” said Keith Kitani, CEO of GuideSpark. “We are proud to be working with some of the country’s premier technology investors; their support is instrumental in taking our company to the next level as we continue to transform employee communications.”

About Meritech Capital Partners

Meritech Capital Partners is a leading provider of late-stage venture capital to category-defining private technology companies, and has been one of the top performing venture firms of the past decade. With over $3 billion under management, Meritech primarily leads investments into companies with proven and differentiated technology, rapidly-growing revenue and experienced management teams. With one of the most active venture portfolios in Silicon Valley, Meritech has experience in, and provides guidance on issues facing rapidly growing companies including management incentive plans, IPO market timing and positioning, M&A strategies and negotiations and adviser selection. Meritech investments in industry-leading companies include Box, Facebook, NetSuite, Salesforce, Tableau and Zulily. Meritech is located in Palo Alto, CA and can be found at www.meritechcapital.com.

About New Enterprise Associates

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With approximately $13 billion in committed capital, NEA invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of successful investing includes more than 195 portfolio company IPOs and more than 320 acquisitions. For additional information, visit www.nea.com.

About Storm Ventures

Storm Ventures is a venture capital firm focused on investing in seed and early stage companies in the Mobile Internet, Enterprise Cloud, and Internet-enabled Commerce sectors. Storm was founded by a seasoned group of industry veterans with the common vision of sharing our collective experience, passion and energy to help talented and driven entrepreneurs build great companies of enduring value. Storm has invested in over 100 companies including Airespace (Cisco), Appcelerator, BookRenter, Com2uS (Korea IPO), EchoSign (Adobe), IML (Taiwan IPO), Kidaro (Microsoft), Lightera (Ciena), Marketo, MobileIron, NetScaler (Citrix), SandForce (LSI), Sanera (McData/Brocade), and Sierra Monolithics (Semtech). For more information, visit www.stormventures.com.

About IDG Ventures

IDG Ventures USA is an independent boutique venture capital firm, based in San Francisco. IDG Ventures invests in early stage consumer and enterprise IT companies. Through a strategic relationship with IDG, the world’s largest IT media company, IDG Ventures’ portfolio companies get free access to significant sales and marketing resources. The firm is part of a global network of technology venture funds with approximately $3.7 billion under management and over 200 active portfolio companies in Asia and North America. Leading technology companies that IDG has backed include BabyCenter, Epiphany, Excite, F5 Networks, Funzio, Infoseek, Minted, Netscape, and Spinner.com in the US and Baidu, Ctrip, Focus Media, SouFun, Tencent, Tudou, Vancl and Vinagames in Asia.

About GuideSpark

GuideSpark, the leader in employee communications and engagement, transforms how organizations communicate and engage with their employees through customized video and mobile experiences for every stage of the employee life cycle, from onboarding to benefits, compensation and more. The solution is accessible via a robust platform that provides an interactive user experience and deep analytics on employee engagement. GuideSpark, named to the Inc. 5000 list of “America’s fastest-growing companies,” serves hundreds of enterprise customers across all industries and millions of employees. By leveraging content and technology, GuideSpark helps its customers transform their employee communications to increase engagement, create efficiencies by saving time and money, deliver consistent messaging and get peace of mind knowing that their employees understand the value of working for the company.