Allen & Company Posts

Dropbox raises $350 million in funding

Dropbox
Dropbox has received $350 million in funding at a $10 billion valuation. It was reported last month that Dropbox raised $250 million from Blackrock, T. Rowe Price, and Fidelity in a final round of private funding before going public.
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Minted Raises $41 Million In Series C

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Minted is an online marketplace for independent design and art that has raised $41 million in Series C funding led by Technology Crossover Ventures. Allen & Company and existing investor Benchmark Capital also participated in this round. Eventbrite co-founders Kevin and Julia Hartz also participated in this round.  Marissa Mayer and Jeremy Stoppelman are amongst other Minted angel investors.  Woody Marshall of Technology Crossover is joining the board of directors.

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New Relic Raises $80 Million

New Relic is an app performance company that has raised $80 million as they look into going public.  Insight Venture Partners led the round of funding.  Other participants in this round of funding include T. Rowe Price, Dragoneer Investment Group LLC, Passport Ventures LLC, Benchmark Capital, Trinity Ventures, Tenaya Capital, and Allen & Company.
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Fancy Raises $26 Million In Funding

The Fancy is a Pinterest rival that is known for curating style and fashion.  Fancy has raised $26 million in funding and was rumored in August to be getting acquired by Apple.  It sounds like the Apple acquisition will not be happening now that the company has raised a new round of funding.

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TrackVia Raises $7.1 Million In Series B

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TrackVia
 is a company that has tools for non-coders to build web applications that are optimized for mobile devices.  TrackVia has raised $7.1 million in Series B funding led by Longworth Venture Partners and Fairhaven Capital.  Other investors that participated in this round include Access Venture Partners, Flywheel Ventures, Draper Associates, and Allen & Company.

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EverFi Raises $10 Million

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EverFi
is a Washington D.C. based education technology company that has raised $10 million in funding from Jeff Bezos (Amazon.com founder), Evan Williams (Twitter co-founder), Rethink Education, Tomorrow Ventures (Google chairman Eric Schmidt), New Enterprise Associates, Allen and Company, and Michael Chasen (Blackboard CEO).  EverFi raised $11 million in 2010, which puts them at over $21 million in the last 2 years.

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Nextdoor Raises $18.6 Million

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Nextdoor is a San Francisco based startup company that runs social networks for over 3,500 neighborhoods across the country.  Nextdoor has raised $18.6 million in financing from investors such as Benchmark Capital, DAG Ventures, Greylock Partners, Shasta Ventures, Allen & Company and Pinnacle Ventures.

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Evernote Raises $70 Million At A $1 Billion Valuation

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Evernote has raised a $70 million Series D round of funding at a $1 billion valuation. Meritech Capital and CBC Capital lead the round because these companies could eventually help the company go public. Evernote did not even need this round of funding because a lot of the $96 million that they have raised from the previous round is still left over in their bank account, plus they have one million paying customers out of their 25 million users.
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