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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Institutional Venture Partners Posts
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.
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, 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.
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.
Indiegogo is one of the largest crowdfunding platforms today and handles campaigns in a way that is similar to Kickstarter. What distinguishes Indiegogo different from Kickstarter is that projects can still keep the amount that is pledged even if they do not hit their goals. However, Indiegogo keeps a larger commission. Indiegogo also supports charitable causes unlike Kickstarter.
SoundCloud is a startup where users upload and share music. The company has raised a new round of funding with a $700 million valuation. The company raised over $60 million in funding from Institutional Venture Partners and the Chernin Group, according to sources with The Wall Street Journal.
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.