Tag Archives: Bessemer Venture Partners
Millennial Media’s Shares Surge 97% In First Trade Of $25
Millennial Media is a mobile ad network that has debuted on the New York Stock Exchange under the symbol “MM.” The shares popped 97% in the first trade of $25. Millennial Media’s valuation jumped to almost $2 billion and the company priced their IPO at $13 per share. Trading reached as high as $27.90 in early trading.
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eBay Acquires Hunch For Roughly $80 Million
Yelp Files For $100 Million IPO
Yelp is a local business review website that has filed for a $100 million IPO. Goldman Sachs, Citigroup, and Jefferies are working as the lead underwriters. However the San Francisco based company has not selected an exchange to be traded on. Yelp is using multiple classes of shares for the public offering.
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BillGuard Raises $10 Million In Series B
BillGuard has raised $10 million in Series B funding. Investors in this round includes Founders Fund, Innovation Endeavours, Bessemer, IA Ventures, Saul Klein, and Joe Lonsdale. The company previously raised $3 million in Series A this past February.
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Box.net Raises $81 Million With Valuation That Is Over $600 Million
Cloud storage company Box.net has raised $81 million in Series D funding from Salesforce.com, SAP Ventures, Bessemer Venture Partners, New Enterprise Associates, Andreessen Horowitz, and Draper Fisher Jurvetson. Box.net has now raised a total of $162 million. This puts Box.net’s valuation at over $600 million.
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Pinterest Raises $10 Million Series At A $40 Million Valuation
Pinterest is a social bookmarking service that has raised $10 million in Series A from Bessemer Venture Partners recently. Supposedly they raised the funding at a pre-money valuation of $40 million. It is rumored that Pinterest is now trying to raise around the same amount of money in the form of Series B. According to sources with TechCrunch, the company’s valued is pegged at $125 million. [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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LinkedIn Shares Surges Over 100% To $10+ Billion Valuation
LinkedIn Corp (NYSE:LNKD) went public today and their shares have surged over 100% during mid-day trading. The company priced their IPO at $45 and the stock opened at $83 before settling at about $120 within 2 hours of the trading. LinkedIn raised over $100 million in funding from Sequoia Capital, Greylock Partners, and Bessemer Venture Capital Partners.
Mobile Video Sharing Company Viddy Raises $1.6 Million
Viddy is a mobile video sharing start-up company that has raised $1.6 million in a first round of funding. Viddy had launched a mobile video creation and sharing application for the iPhone. This round of funding was provided by Battery Ventures, Bessemer Ventures, Qualcomm, Jarl Mohn, and early YouTube employees. Viddy said that they are creating a “Twitter-style feed of videos from friends, family, celebrities.” Viddy was founded by JJ Aguhob and Brett O’Brien. [soCalTech]
KupiVIP Raises $55 Million In Third Round Of Funding
KupiVIP is the largest online private members shopping club in Russia for purchasing designer brands. KupiVIP has raised $55 million in a third round of funding. The investors in this round include Balderton Capital, Bessemer Venture Partners, and Russia Partners. Other investors in this round include Accel Partners and Mangrove Capital Partners.
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