Tag Archives: August Capital
WePay Raises $10 Million
Rocket Lawyer Raises $18.5 Million
Rocket Lawyer has raised $18.5 million in new funding for their online legal services. The funding comes from Google Ventures, August Capital and Investor Growth Capital. Founder Charles Moore expects to reach 20 million users by the end of this year. [TechCrunch]
Reputation.com Raises $41 Million
Reputation.com is an online privacy start-up company that has raised $41 million in funding. The new round of funding was led by August Capital. Insight Capital, Jafco Ventures, Kleiner Perkins, and Bessemer Venture Partners also participated in this round. This brings the company revenues to over $65 million. This is the company’s fourth round of funding.
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SnagAJob Raises $27 Million Led By August Capital
Online job search company SnagAJob.com has raised $27 million in funding led by August Capital. SnagAJob.com plans on using the funding to expand operations, increase marketing, and pursue acquisitions. In November, SnagAJob.com made plans to double their staff. They have about 210 employees as of right now and expects to hit 300 by the end of the year. The company has also moved into a 35,000 square foot office at the Innsbrook Corporate Center in Henrico County, Virginia. Eric Carlborg of August Capital will be joining the board of directors at SnagAJob. Other investors in this round include Adams Street Partners, Baird Venture Partners, and C&B Capital. [Times Dispatch]
RelayRides Raises $5.1 Million In Series A From August Capital and Google
RelayRides is a car sharing service that is similar to Zipcar. The company has raised $5.1 million from August Capital and Google Ventures according to an SEC filing. The company is still aiming to raise an additional $770,000 according to the filing.
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Categories August Capital, Google Ventures, RelayRides
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Google Invests In Car-Sharing Service RelayRides
Google Inc. (NASDAQ:GOOG) subsidiary Google Ventures has invested in RelayRides, a car rental service. RelayRides is very similar to Zipcar. RelayRides is launching in San Francisco today. August Capital also participated in this round of funding.
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Categories August Capital, Google, Google Ventures, RelayRides
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Blippy Raises $11.2 Million, Now Valued At $46.2 Million
Blippy, a service that shows what your friends are buying through social networking has raised $11.2 million in funding. On paper, the company is now valued $46.2 million. The latest round of funding was led by August Capital. August partner David Hornik will be joining the board of directors at Blippy. Hornik actually shared his investment on Blippy too… yup he shared that he put in an $8 million investment in the web company. Charles River Ventures put in $3.2 million out of the $11.2 million investment in this round. Blippy plans to use the funding for marketing and closing business deals. [TechCrunch]
Categories August Capital, Blippy, David Hornik
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WePay Raises $1.65 Million In First Round Of Funding From August Capital, Angel Investors
WePay, a startup where groups of people manage financial accounts has just raised $1.65 million in their first round of funding. August Capital and several angel investors were involved in the WePay funding. WePay can be used for invoice production, money collection, and transaction management.
WePay was founded by Boston College students Bill Clerico and Rich Alberman. The company has been moved to Silicon Valley ever since and has moved into Palo Alto’s University Avenue where Facebook used to be based. Interestingly WePay’s founders had a hard time finding funding out in Boston. The investors in Boston said that they were too much in the early stages. Y Combinator ended up accepting WePay.
WePay makes money by taking 3.5% from every transaction, similar to the PayPal business model. WePay is starting by partnering with small companies and professional groups. Some of the angel investors include Max Levchin (PayPal co-founder), Paul Buccheit, Ron Conway, Mark Goines, Angus Davis, Andrew McCollum, and Joe Campanelli.
Bill.com Raises $8.5 Million From August, DCM, and Emergence
Bill.com has raised $8.5 million from August Capital, DCM, and Emergence Capital recently. David Hornik of August Capital will be joining the Bill.com Board of Directors as part of this round of funding. Thus far, Bill.com has raised a total of $17 million. Bill.com acts as a collaborative online bill payment for businesses.
Bill.com has software that encourages businesses to eliminate filing bill paper documentation. Large businesses usually have to managers approve large bills and then the finance department has to approve of them. Bill.com software makes this whole process available online. Bill.com accepts faxed bills and then they scan them and e-mail it to people that need to approve the documentation.
Bill.com also uses OCR to enable searching for documentation later on. The base fee of one user for Bill.com is $24.99 and each user after that is $9.99. Each check payment has a small fee attached for Bill.com as well. According to Bill.com’s VP of Marketing Jeff Schultz, businesses are saving as much as 50% in the amount of time taken to pay bills.
René Lacerte founded Bill.com in 2007. The company presented at the DEMO conference and won the DEMOgod award. The company was originally called CashView. Lacerte had previously built a company called PayCycle, which was bought out for $170 million by Intuit last month.
Google, August, and CMEA Invest $5.75 Million in Pixazza
Pixazza.com is service that connects advertising to images. The company released a press statement about their $5.75 million in funding earlier this week. Investors include Google Inc., August Capital, and CMEA Capital.
Let’s say that you find a picture of a celebrity, Pixazza places a price tag icon on the apparel that they are wearing. Putting your mouse over the price tag reveals an ad that tells you where you can find that product online.
Like.com has a very similar feature where you upload a picture and it e-mails you the place that you can find similar products. Like.com used to be called Riya and it was rumored that Google wanted to acquire that company a couple of years ago.
“Pixazza hopes to do for images what Google’s AdSense did for web pages,” stated Bob Lisbonne, CEO of Pixazza. “We are excited about the potential our technology holds for delivering an engaging user experience that creates incremental revenue for web publishers.”
Pixazza’s angel investors consist of Ron Conway, former eBay COO Maynard Webb, and Facebook CFO Gideon Yu. The company was started by James Everingham. He brought together a team of people that worked on Netscape in the 1990′s to put together Pixazza. The company is based in Mountain View, Calif.
Categories August Capital, Bob Lisbonne, CMEA Capital, Google, Like.com, Pixazza, Riya
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