Ignition Partners Posts

WePay raises $15 million in Series C funding

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WePay is a payment gateway company that has raised $15 million in Series C funding. WePay will be using the funding to accelerate their growth, expand internationally, and further invest in their payment API. WePay’s revenue has increased over 600% this last year and now the company has over 300 platform partners. WePay is going to discontinue their direct to consumer offering to focus exclusively on the payments API built for platform businesses.
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Opscode raises $32 million in funding, gets renamed to Chef

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Opscode has raised $32 million in Series D funding and has changed their name to Chef. Chef is also the name of the company’s flagship configuration management tool product. Chef has also named Microsoft alum Curt Anderson as their new chief financial officer. Chef will be using the funding to increase their sales, marketing, and engineering team from around 100 people now to 200.
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Apprenda Raises $16 Million

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Apprenda is a platform-as-a-service software company based in Clifton Park, NY that has raised $16 million in venture capital funding that is planning to expand in western Europe. Apprenda has raised a total of $32 million in funding.

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NoSQL Company Couchbase Raises $25 Million In Funding

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Couchbase is a NoSQL database technology company that has raised $25 million in Series D funding.  This round of funding was led by Adams Street PartnersAccel Partners, Mayfield Fund, North Bridge Venture Partners, and Ignition Partners also participated in this round.
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Mobile App Development Company Xamarin Raises $16 Million In Series B

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Xamarin is a cross-platform mobile development company that makes it possible for enterprises to develop native apps for iOS, Android, Windows, and OS X.  The company has raised $16 million in Series B round led by Lead Edge Capital.  Existing investors Charles River Ventures, Ignition Partners, and Floodgate put money into this round also.  Xamarin has raised $28 million between this round and their $12 million Series A round.

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Facebook Acquires Mobile App Development Company Parse

Facebook has acquired Parse, a mobile backend-as-a-service startup.  Parse is a company that sells tools and services that helps build mobile apps.  The deal was worth around $85 million and includes retention, according to TechCrunch. Facebook had to outbid multiple Silicon Valley companies for the deal.

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Motif Raises $25 Million

Motif is an investment ideas platform that has raised $25 million in Series C funding.  The company starts by finding an investment idea, analyzes stocks related to the idea, weighs up to 30 stocks to form a motif, and sells each motif for $9.95.

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Big Data Analysis Company Cloudera Raises $65 Million

Cloudera is a big data analysis company that has raised $65 million.  The company was founded in 2008 by three engineers: Jeff Hammerbacher, Christophe Bisciglia, and Amr Awadallah.  This round of funding was their Series E and it was led by Accel Partners.  Accel previously led the company’s $5 million Series A round in 2009.  Existing investors that participated in this round include Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners.

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