Tag Archives: Allen & Company
Evernote Raises $70 Million At A $1 Billion Valuation
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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AVG Files For Proposed IPO
AVG, the software company that was founded in 1991 and is known for their anti-virus software, has announced that they have filed a Registration Statement on Form F-1 with the U.S. SEC in connection with a proposed IPO of their ordinary shares. AVG will sell on the New York Stock Exchange with the symbol “AVG.” Morgan Stanley, JP Morgan, and Goldman Sachs will be running the books on the IPO. Co-managers for the IPO include Allen & Company and JMP Securities.
Categories Allen & Company, AVG, JMP Securities, JPMorgan, Morgan Stanley
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TaskRabbit Raises $17.8 Million In Series B
TaskRabbit is a Bay Area based startup company that helps you find personal assistants for having your house cleaned, running errands, building IKEA furniture, delivering groceries, etc. Former Disney CEO Michael Eisner is joining TaskRabbit’s board of directors as a strategic adviser.
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Microsoft and Silver Lake Submitting A Plan To Buy Minority Stake In Yahoo!
A consortium of investors that are being led by Microsoft Corporation (NASDAQ:MSFT) and Silver Lake are submitting a plan to buy a minority stake in Yahoo! Inc. (NASDAQ:YHOO). TPG Capital is another company that will be making a proposal for Yahoo! Both of these proposals would lead to taking a stake of around 20% of the company.
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Categories AliBaba, Allen & Company, Andreessen Horowitz, Blackstone Group, David Filo, Goldman Sachs Group Inc., Hellman & Friedman, Hellman and Friedman, Jerry Yang, Kohlberg Kravis Roberts & Co, Microsoft Corporation, Silver Lake, Silver Lake Partners, THL Partners, TPG Capital, Yahoo!
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Leaked Memo From Yahoo! Indicates Company Hired Allen & Co. For Acquisition Help
Yahoo! Inc. (NASDAQ:YHOO) recently fired CEO Carol Bartz. To explain the decision made by the board, Yahoo! co-founder Jerry Yang sent out a memo to employees explaining what has been happening at the company. The memo indicates that Yahoo! hired Allen & Company to field “inquiries from multiple parties that have already expressed interest in a number of potential options.” Below is the memo:
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Categories Allen & Company, Jerry Yang, Yahoo!
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Rumor: Ning Being Shopped Around For $150 Million
Ning has recently been shopping around themselves for roughly $150 million according to sources with AllThingsD. Ning, co-founded by Marc Andreessen, gave a pitch to Google, Groupon, and several private equity companies.
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Beyond Oblivion Raises $77 Million In Round Led By New Corp
Beyond Oblivion has raised $77 million in funding in a round led by News Corp and Wellcome Trust. Beyond Oblivion is a digital music discovery service that launched in 2011.
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Personal Raises $7 Million In Series A
Personal has raised $7.6 million in Series A funding from Grotech Ventures, Revolution LLC, Allen & Company, and Eric Semler. Personal is a company that wants to give Internet users power over what kind of information they give away. It helps users prevent companies from tracking them. Personal is currently in private beta. [TechCrunch]
Groupon Closes Its $950 Million Series G Round
Group coupon service Groupon.com has completed its $950 million series G round of funding. The best part is the press release title: “Groupon Raises, Like, A Billion Dollars.” I’ve pasted the press release below. The investors in this round include Andreessen Horowitz, Battery Ventures, Greylock Partners, Kleiner Perkins Caufield & Byers, Mail.ru Group, Maverick Capital, Silver Lake, and Technology Crossover Ventures. Allen & Company LLC acted as financial advisor. The previous funding rounds was led by New Enterprise Associates, Accel Partners, and Mail.ru Group (formerly DST).
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Categories Accel Partners, Allen & Company, Andreessen Horowitz, Battery Ventures, Ben Horowitz, Digital Sky Technologies, DST, Greylock Partners, Groupon, Kleiner Perkins, Kleiner Perkins Caufield & Byers, Mail.ru, Marc Andreessen, Maverick Capital, New Enterprise Associates, Silver Lake, Technology Crossover Ventures
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Gather.com Raises $2.4 Million
Gather.com, a news website run by freelancers has raised $2.4 million in funding. Every month, Gather.com freelancers write over 8,000 articles. They receive about 7 million visitors per month. The company plans to use the funding to create an on-demand platform for publishers in a model that is similar to Demand Media. Gather currently works with writers that submit content and share revenue based on pageviews and engagement.
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Categories Allen & Company, Gather.com, Jim Manzi, Nick McShane, Progress Ventures
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