Tag Archives: Ben Horowitz
Andreessen Horowitz Raises $1.5 Billion
Andreessen Horowitz, the venture capital company run by Marc Andreessen and Ben Horowitz has raised $1.5 billion. Ben Horowitz confirmed the investment on his blog today. The company has raised a total of $2.7 billion thus far.
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Andreessen Horowitz Preparing To Raise $900 Million
Andreessen Horowitz is preparing to raise $900 million for their newest fund, known as Fund III. The company’s first fund was worth about $300 million. The company used that funding to put money into Skype and Fusion.io. In late 2010, Andreessen Horowitz raised $650 million for Fund II. They used this fund to invest in Airbnb, Twitter, Facebook, and Zynga. Now the company is preparing to raise $900 million, which means that the company will have $2.15 billion in assets to distribute to companies. Andreesen Horowitz has invested in about 70 companies. The new fund will be used to make investments from between $10,000 to $100 million. [Uncrunched]
Categories Andreessen Horowitz, Ben Horowitz, Marc Andreessen
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GoodData Raises $15 Million Funding Round Led By Andreessen Horowitz
GoodData is a cloud-based company that focuses on business intelligence. GoodData has raised $15 million in a funding round led by Andreessen Horowitz. Andreessen Horowitz general partner John O’Farrell will be joining GoodData’s board of directors. Google’s president of Enterprise Dave Girouard is also joining the board of directors although Google did not invest.
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Airbnb Raises $112 Million In Series B From Andreessen Horowitz, DST, and General Catalyst
Airbnb has raised $112 million at a $1+ billion valuation. This round of funding was led by Andreessen Horowitz. The split is roughly 60 million from Andreessen, 40 million from DST, and 5 million from General Catalyst. The rest of the split is from previous investors and Jeff Bezos. This round of funding raises Airbnb’s total funding to $119.8 million.
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Andreessen Horowitz Invests $49 Million Into Headset Company Jawbone
Jawbone has received a $49 million investment from investment firm Andreessen Horowitz. Marc Andreesen and Ben Horowitz have both previously invested in Jawbone as individual investors. Over the past 10 years, Jawbone has raised a total of $100 million. Jawbone has created a headset product and a Jambox wireless speaker box product. Recently they launched a free app called Thoughts, which lets users quickly write messages and send them through e-mail or text message. [AllThingsD]
Categories Andreessen Horowitz, Ben Horowitz, Jawbone, Marc Andreessen
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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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Andreessen Horowitz Raises $650 Million
Venture capital firm Andreessen Horowitz has raised a new $650 million round of funding. Andreessen Horowitz launched a year ago with a $300 million fund. Andreessen Horowitz was founded by Marc Andreessen and Ben Horowitz. Some of the companies in their portfolios include Zynga, Digg, Skype, and Foursquare.
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Boku Receives Funding From Andreessen Horowitz
Boku has announced that they have raised funding from Andreessen Horowitz. Boku did not reveal how much funding that they have received, but the company has raised a total of $38 million since they launched last year. Boku is a mobile payments startup company and now Marc Andreessen and Ben Horowitz will join the Board of Directors. Boku does not require anyone to have a credit card or bank account to make micropayments.
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Categories Andreessen Horowitz, Ben Horowitz, Boku, Marc Andreessen
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Kakai Raises $7.5 Million From Andreessen Horowitz, Josh Kopelman, and Ron Conway
Kakai is a stealth company that was started by Chegg founder Osman Rashid and Babur Habib. Interestingly Kakai is still in stealth and raised a Series B round of funding already. The second round is $7.5 million and the investors include venture capital firm Andreessen Horowitz, Josh Kopelman, and Ron Conway. Marc Andreessen is joining Kakai’s board of directors as a result of the funding.
Kakai’s previously raised $1.85 million in Series A from Osman Rashid and Mike Maples. Rumor has it that Kakai has something to do with electronic readers. The portable consumer electronics products made by Kakai will be Linux-based. Kakai currently has about 40 employees. Rashid’s other company Chegg.com has about $144 million in funding and was started in 2005.
BREAKING: eBay Sells 65% Stake In Skype Based On $2.75 Billion Valuation
About four years after eBay acquired Skype for about $4.1 billion, $2.6 billion of which was upfront cash, the company has decided to sell a big chunk of it it off to several investors. Skype was valuated at $2.75 billion when eBay decided to sell 65% worth of the company to investors such as Silver Lake, Index Ventures, Andreessen Horowitz, and the Canada Pension Plan Investment Board.
eBay will receive about $1.9 billion cash when the deal is complete along with a $125 million note in principal from the buyers. eBay itself will retain 35% in Skype. The transaction is expected to be complete by the fourt quarter of this year.
“This is a great deal, unlocking both immediate and long-term value for eBay and tremendous potential for Skype,” stated eBay President and CEO John Donahoe in a press release. “We’ve acted decisively on a deal that delivers a high valuation, gives us significant cash up-front and lets us retain a meaningful minority stake with talented partners. Skype is a strong standalone business, but it does not have synergies with our e-commerce and online payments businesses. As a separate company, we believe that Skype will have the focus required to compete effectively in online voice and video communications and accelerate its growth momentum.”
Back in April, eBay said that they were planning on spinning Skype into its own brand and preparing a separate IPO for the VoIP company. Now it is assumed these investors that took control of Skype will work together in preparing the IPO. This gives eBay the ability to focus all of their energy on their own company and on PayPal.
How much money does Skype make?
In 2008, Skype itself made $551 million in revenue which was a 44% increase from the year before. eBay’s total revenues for 2008 was $8.5 billion.
How many users does Skype have?
By EOY 2008, Skype had about 405 million users which was a 47% increase from the year before.
Categories Andreessen Horowitz, Ben Horowitz, eBay, Index Ventures, John Donahoe, Marc Andreessen, Silver Lake, Skype
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