Tag Archives: Institutional Venture Partners
Zynga Expected To Raise Between $850 Million and $1.15 Billion In IPO
Zynga has filed documents with the SEC this morning which indicates that they are planning on raising between $850 million and $1.15 billion in their public offering. This is about $15 million more than their previous estimates.
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Business Insider Raises $7 Million Led By IVP
Business Insider has raised $7 million in funding. They plan on using the funding to do “more cool stuff over the next couple of years, all of which we hope will make Business Insider much more useful, comprehensive, and fun for you.” Institutional Venture Partners, a new investor in the company, led this round of funding. Somesh Dash and Todd Chaffee of IVP will be advisors at Business Insider going forward.
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One Kings Lane Raises $40 Million In Funding
One Kings Lane is a flash sales website for accessories and home decorations. One Kings Lane has raised $40 million in a new round of funding led by Tiger Global Management. Institutional Venture Partners, Kleiner Perkins, and Greylock Partners has joined in this round of funding. One Kings Lane is now valued at about $440 million as the company raised $65 million in funding total.
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Out Of Stealth Mode, Personal Capital Raises $25 Million
Personal Capital is a company that has recently exited stealth mode and has raised $25 million in venture financing. The funding includes a Series A round that was led by Institutional Venture Partners (IVP) and a Series B round that was led by Venrock and more participate by IVP. Personal Capital is not planning to launch yet, but they will soon debut a financial advisor service that delivers an investment management and personal finance service. The chief executive of Personal Capital is former Intuit CEO Bill Harris. Everbank co-founder Rob Foregger serves as the chief strategy officer of Personal Capital. And former E-Loan CIO Jay Shah serves as the CIO of Personal Capital. The company is based in Redwood City, California.
Buddy Media Raises $54 Million
Buddy Media has raised $54 million in its latest financing round. The company, which helps advertisers manage their Facebook and Twitter presence, is reportedly worth $500 million. The funding comes from Insight Venture Partners, Institutional Venture Partners, Bay Partners and GGV Capital. CEO Mike Lazerow says the money will be used to expand the company to Europe and double their staff. [AllThingsD]
LegalZoom Raises More Than $100 Million in Total Funding
Online document service LegalZoom has raised more than $100 million in funding to date, including a recent $66 million from Kleiner Perkins and Institutional Venture Partners. Brian Lee’s LegalZoom already has more than $100 million in revenue and almost 2 million customers have used the service to create their own legal documents. TechCrunch reports that LegalZoom anticipates an IPO in the future, but isn’t rushing toward the prospect.
Categories Brian Lee, Institutional Venture Partners, Kleiner Perkins, LegalZoom
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Clearspring Technologies Raises $20 Million Led By IVP
Clearspring Technologies is the parent company of AddThis, a widget that enables website visitors to share content. Clearspring has raised $20 million in a fourth round of funding, led by Institutional Venture Partners. Former AOL executive and director Ted Leonsis is the company’s chairman and Hooman Radfar is CEO. AddThis is installed on over 9 million websites and is used over 1 billion times per month. [MarketWire]
Sugar Inc. Raises $15 Million From Sequoia Capital and IVP
Sugar Inc. is a women-focused content website that has raised $15 million in a new round of funding from Institutional Venture Partners (IVP) and Sequoia Capital. Sugar Inc. has raised a total of $46 million thus far and they plan on using this round of funding on acquisitions and international growth. One of Sugar’s top websites is PopSugar.com. Rumor has it that Yahoo! Inc. (NASDAQ:YHOO) was interested in acquiring Sugar Inc. However Brian and Lisa Sugar, the husband and wife co-founders wanted to remain independent. Below is the full press release:
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LivingSocial Raises $400 Million
Less than four months ago LivingSocial raised $175 million from Amazon.com and now they have raised an additional $400 million. The investors in this round include Amazon.com, Lightspeed Venture Partners, T. Rowe Price, and Institutional Venture Partners (IVP). This puts LivingSocial at a $3 billion valuation.
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HomeAway.com In Talks For A $300 Million IPO
HomeAway.com is in talks with several banks about a $300 million IPO according to BusinessWeek sources. The banks that HomeAway is talking to include Morgan Stanley, Deutsche Bank AG, JPMorgan Chase & Co., and Goldman Sachs.
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