Allen & Company Posts

Warburg Pincus announces majority investment in PayScale of up to $100 million

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Warburg Pincus has announced it has made a majority investment in compensation software service company PayScale as part of a deal worth up to $100 million. PayScale was founded in 2000 and offers customers access to the world’s largest database of individual compensation profiles, which contains more than 40 million salary profiles.

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Airbnb closes $500 million in funding with $10 billion valuation

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According to TechCrunch, Airbnb, has closed on a $500 million round of funding led by private equity firm TPG with a $10 billion valuation. Airbnb is a fast growing website that lets users rent out their properties to make some extra cash and allow travelers to save some money. Airbnb has raised a total of $826 million. It is believed that Allen & Co. helped put together this round for Airbnb.

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Dropbox raises $350 million in funding

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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 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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is a Washington D.C. based education technology company that has raised $10 million in funding from Jeff Bezos ( 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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