Benchmark Capital Posts

Quora raises $80 million

quora-logo
Quora is a popular question and answer service that has raised $80 million in funding, according to VentureBeat. Quora raised the funding to remain independent, fund infrastructure, and enhance quality. Quora is also aiming to go international on a large-scale. The website will soon support other languages.
Continue reading →

Hadoop vendor Hortonworks raises $100M

Hortonworks Logo
Hortonworks is a Hadoop vendor company that has raised $100 million in a new round of funding led by BlackRock and Passport Capital along with existing investors Dragoneer Investment Group, Tenaya Capital, Benchmark Capital, Index Ventures, and Yahoo! The new round of funding will be used for increasing its engineering efforts, scale operations, and growing the ecosystem. Hortonworks raised a total of $198 million in funding since launching in the middle of 2011.
Continue reading →

Zynga acquires NaturalMotion for $527 million

NM_Corp_Logo
Zynga has spent $527 million to acquire U.K. based gaming company NaturalMotion. NaturalMotion is known for building franchises like CSR Racing and Clumsy Ninja. Zynga will pay $391 million in cash and 39.8 million in Zynga stock based on yesterday’s closing price. This will leave Zynga with $1.2 billion in cash and marketable securities on hand. Zynga also announced that they are laying off around 15% of their workforce. NaturalMotion raised $11 million in venture capital from investors such as Benchmark Capital and Balderton Capital.

Docker raises $15 million

Docker Logo

Docker is a startup that has designed open-source container technology for developers to quickly move their code to the cloud. Docker has raised $15 million in Series B funding led by Greylock Partners. Existing investors Benchmark Capital and Trinity Ventures also participated in this round. Insight Venture Partners put in a bit of money in this round too. Yahoo! co-founder Jerry Yang jumped in as well. Docker will be using the funding to launch the general availability of the Docker environment and develop commercial services.

Continue reading →

Highlight raises $4 million in funding

Highlight 2.0 from cole rise on Vimeo.

Highlight is a location-based service that has raised $4 million in Series A funding. The company has also released an update to their mobile app to support an improved algorithm for helping users understand who is around them.
Continue reading →

Benchmark goes big again with new $425 million in 8th investment fund

Benchmark Capital
Benchmark Capital has raised $425 million in their eight investment fund. This is the same amount that Benchmark raised in January 2011 as part of an oversubscribed seventh round. Bill Gurley, Peter Fenton, Mitch Lasky and Matt Cohler are overseeing this fund. Headquartered on the well-known Sand Hill Road in Menlo Park, California, Benchmark Capital was founded in 1995 and invested in eBay, Juniper Networks, Red Hat, OpenTable, Twitter, and Snapchat.
[Source: AllThingsD]

Job review website Glassdoor raises $50 million

Glassdoor Logo
Glassdoor is a job review website that features job listings and recruiting. The company said that 25% of their traffic comes from outside the United States. Glassdoor has raised $50 million in a round of funding led by Tiger Global Management with participation from Dragoneer Investment Group and existing investors Benchmark Capital, Sutter Hill Ventures, Battery Ventures and DAG Ventures.

Continue reading →

Facebook Inc (FB) Reportedly Made A $3 Billion Offer For Snapchat, But Got Turned Down

Snapchat Logo

Facebook Inc (NASDAQ:FB) has reportedly made a $3 billion cash offer for Snapchat, but got turned down.  Snapchat is an app that is used for sending messages to friends that self-destructs after a few seconds of being viewed.  This rumor is based on a report by The Wall Street Journal.  Snapchat is now hitting around 350 million messages per day.

Continue reading →