Tag Archives: Matrix Partners
BuyWithMe In Negotiations For Acquisition and Lays Off More Than Half Of Their Staff
Gilt Groupe is rumored to be in the final stages to acquire daily deals service BuyWithMe. BuyWithMe laid off over half of their staff last week to attract potential buyers. Matrix Partners is an investor in BuyWithMe and Gilt Groupe. BuyWithMe is expected to be rolled into Gilt Groupe starting November 1st. BuyWithMe was considered to be the number three player in the daily deals market after Groupon and LivingSocial. BuyWithMe is expected to be rolled into Gilt City. [BetaBeat]
Categories BuyWithMe, BuyWithMe.com, Gilt Groupe, Gilt Groupe Inc., Matrix Partners
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Verizon Acquires Cloud Computing Company CloudSwitch
Verizon Wireless has acquired cloud computing company CloudSwitch. CloudSwitch acquired $15.4 million in venture capital funding before the acquisition from Atlas Venture, Commonwealth Capital Ventures, and Matrix Partners.
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Human Resources Software Company TribeHR Raises $1 Million
TribeHR is a human resources software company that has raised $1 million in seed funding from Matrix Partners. TribeHR’s software was designed for small and medium businesses.
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Categories Matrix Partners, TribeHR
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Invoicing Company Taulia Raises $8.5 Million
Taulia is an invoicing company that has raised $8.5 million in Series B funding led by DAG Ventures. Matrix Partners and Trinity Ventures also participated in this round. Taulia has now raised a total of $12 million in funding.
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Categories DAG Ventures, Matrix Partners, Taulia, Trinity Ventures
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CloudBees Raises $10.5 Million For Java in the Cloud
Java platform company CloudBees has raised $10.5 million in funding for their cloud-based service. The investments come from Lightspeed Venture Partners and Matrix Partners. CloudBees also previously received funding from Robert Bickel and Marc Fleury. The company turns 1 year old in November and has already acquired companies InfraDNA and Stax Networks. [TechCrunch]
Gilt Groupe Raises $138 Million From Several Investors and Is Valued At $1 Billion
New York based discount flash sales website Gilt Groupe has raised $138 million in venture capital funding. Investors in this fifth round of funding include Softbank Group, General Atlantic, Matrix Partners, Goldman Sachs, NEA, DFJ Growth, Pinnacle Ventures, TriplePoint Capital, and Eastward Capital.
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HubSpot Raises $32 Million In Series D
Brian Halligan and Dharmesh Shah founded HubSpot Inc. in 2006 and they have recently raised $32 million in Series D. The funding was provided by new investors Google Ventures, Sequoia Capital, and Salesforce.com. Existing investors General Catalyst, Matrix Partners, and Scale Venture Partners also participated in this round. HubSpot has raised a total of $65 million thus far.
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Zendesk Raises $19 Million In Series C
CloudBees Raises $4 Million
CloudBees is a Java Platform-as-a-Service company that has raised $4 million in Series A funding. The Series A funding round was led by Matrix Partners. JBoss founder Marc Fleury and former JBoss vet Bob Bickel also invested in CloudBees. The $4 million round of funding will be used to accelerate the development of CloudBees’ RUN@cloud platform. [TechCrunchIT]
Categories CloudBees, Matrix Partners
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BuyWithMe.com Raises $16 Million
BuyWithMe.com has raised $16 million in funding. Matrix Partners was one of the investors in this round. BuyWithMe.com is competitors with Groupon, a coupon service that encourages local businesses to lower prices if a group of people are involved. BuyWithMe was founded in Boston and was founded by Andrew Moss.
Categories Andrew Moss, BuyWithMe.com, Cheryl Rosner, Matrix Partners
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