Institutional Venture Partners Posts

Zenefits receives $66.5 million in funding

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Zenefits has raised another $66.5 million in funding from investors a few months after its first capital-raising. Zenefits was given a valuation of $500 million before the new investment.
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Datalogix receives $45 million in Series C funding

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Datalogix has raised $45 million in Series C funding. You may recognize Datalogix because social networks work with this company to convince large companies that advertising works on its platforms. Datalogix is used to detect when ads drive brick-and-mortar sales. Datalogix is used by Facebook and Twitter.

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Online lending website Prosper raises $70 million in funding

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Prosper is a website where individuals that are looking for loans are connected to people that are interested in providing them. Prosper has raised $70 million in funding from private equity firm Francisco Partners. Institutional Venture Partners and Phenomen Partners also participated in this round. David Golob, an executive at Francisco, will join Prosper as a director.
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Display Ad Tech Company AdRoll Raises $70M In Series C

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AdRoll is an online advertising retargeting company that has raised $70 million in funding in Series C funding. AdRoll plans to use the funding for acquisitions and to expand globally. AdRoll has now raised a total of $89 million.
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General Assembly receives $35 million

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General Assembly is an education company that teaches people how to program and design. The company has raised $35 million in Series C funding led by Institutional Venture Partners (IVP). General Assembly has now raised a total of $49.3 million.

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OnDeck raises $77 million in funding

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OnDeck is an alternative lending company that has raised $77 million in funding led by Tiger Global Management with participation from Institutional Venture Partners, RRE Ventures, SAP Ventures, Google Ventures, First Round Capital and Peter Thiel. OnDeck has raised a total of $180 million in equity and $300 million in debt financing.
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Business Insider has raised $12 million

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Business Insider, a popular business and tech blog, has raised $12 million in funding led by Amazon.com CEO Jeff Bezos with participation from existing investors Institutional Venture Partners, RRE Ventures, and Gordon Crovitz. Business Insider has now raised a total of $30 million in the last 7 years. Business Insider is rumored to have turned down a $100 million offer from AOL last year.
[Source: ReCode]

Domo raises $125 million in funding

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Domo is an enterprise software company that has raised $125 million in funding. TPG’s investment company arm TPG Growth led this round of funding. Other investors that participated in this round include Salesforce.com, T. Rowe Price, Fidelity Investments, Morgan Stanley, Viking Ventures, Dragoneer Investment Group, GGV Capital, Greylock Partners, Institutional Venture Partners, and Mercato Partners.

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