Fastback Networks is a company that delivers innovative technology for mobile infrastructure and enables network operators to deliver new services. Fastback’s radio technology makes it possible to transfer mobile data at very fast speeds. According to VentureBeat, Fastback has raised $15 million in funding led by Matrix Partners with participation from existing investors Foundation Capital, Granite Ventures, and Juniper Networks.
Adelphic Mobile is a startup company based in Boston that has raised $10 million in funding from Google Ventures and Matrix Partners. The startup was founded by former Apple execs that wants to help advertising companies target consumers better. The company has raised $12 million in funding total.
HubSpot is a marketing software company based in Cambridge, Massachusetts that has raised $35 million in a mezzanine financing round from Altimeter Capital, Cross Creek Capital, and other previous investors. HubSpot started in 2006 and they have raised $100 million in investment from General Catalyst, Matrix Partners, Scale Venture Partners, Sequoia Capital, Google Ventures, Salesforce.com, and Charles River Ventures.
Skyfire is a mobile and video cloud solutions company that has raised $10 million in Series D funding to expand their presence in Europe and Asia. This round of investment was led by Panorama Capital. Other investors in this round include Matrix Partners, Trinity Ventures, Verizon Ventures, and Lightspeed Venture Partners.
Work4 Labs has raised $11 million in funding. The company focuses on helping you find a job through Facebook through Facebook Pages. The $11 million Series A funding was led by Matrix Partners. They are joined by DST’s Yuri Milner, former Monster.com president Steve Pogorzelski, and Hearsay Social co-founder and CEO Clara Shih.
Zendesk is an online customer service company that has raised $60 million in new financing led by Redpoint Ventures. Index Ventures, GGV Capital, Goldman Sachs, Silicon Valley Bank, Charles River Ventures, Benchmark Capital, and Matrix Partners also participated in this round. The round was $45 million in equity and $15 million in a credit facility.
Sqrrl is a data startup company that had technology originally created by the National Security Agency (NSA). Sqrrl has raised $2 million in seed funding from Matrix Partners and Atlas Venture. Sqrrl’s technology is supposed to have a secure, scalable, and adaptable way for companies to manager large amounts of data. Sqrrl is built on Apache Accumulo, which is a database built on top of the distributed file system Hadoop. [TechCrunch]
Institutional Venture Partners has led a $50 million round in Care.com. Care.com now has a total of $111 million in funding and IVP’s Sandy Miller will be joining the company’s board of directors. Care.com, Inc. was founded in 2006 and it has a directory of caregivers including child care, special needs, and pet care. The website is used by 7 million users. Care.com is based in Waltham, Massachusetts. Existing venture capital companies Matrix Partners, New Enterprise Associates, and Trinity Ventures joined IVP in this round.
