Yesterday Tableau Software, Inc. (NYSE:DATA) boosted their proposed price for their initial public offering. The company went public today on the New York Stock Exchange with the symbol “DATA.” The company priced their shares at $31. As of the time that I am writing this, the stock price is trading at over $17 from the opening price at about $48.81. The company offered five million shares and stockholders are offering 3.2 million shares. This is the biggest tech IPO for the year as it values the company at over $1.5 billion. The offering will bring in $254 million before expenses and other fees.
New Enterprise Associates Posts
CrowdMed is a startup that passed through the Y Combinator accelerator program in the Winter 2013 class. CrowdMed uses crowdsourcing to speed up the level of diagnosing rare medical conditions. CrowdMed believes that by crowdsourcing medical data and applying patented predictive technology, they can help users identify the medical conditions that patients have. CrowdMed estimates that people have saved over $2.9 million in healthcare costs by using crowdsourcing. CrowdMed has raised $1.1 million in seed funding from New Enterprise Associates, Andreessen Horowitz, Greylock Partners, Y Combinator, and SV Angel.
ChannelAdvisor is a cloud-based e-commerce company that helps retailers and manufacturers integrate and manage their inventory across hundreds of online channels including Amazon.com, Google, eBay, and Facebook. ChannelAdvisor is expected to raise $86.25 million from the IPO, but the price per share and number of issued shares is not yet known. Some of ChannelAdvisor’s customers include Saks Fifth Avenue, Barbie, Finish Line, and Lenox.
Professional social network LinkedIn has confirmed that they have acquired the popular news reading application called Pulse. LinkedIn acquired Pulse for $90 million in stock and 10% cash. We wrote about the rumor last month. So why did LinkedIn buy a media company?
Mulesoft Raises $37 Million From NEA, Salesforce, Hummer Winblad, Morgenthaler, Lightspeed, SAP, and Bay Partners
MuleSoft is a startup that can connect SaaS and enterprise applications to the cloud. The company has raised $37 million led by New Enterprise Associates. Salesforce.com, Hummer Winblad Venture Partners, Morgenthaler Ventures, Lightspeed Venture Partners, SAP Ventures, and Bay Partners also participated in this round. Mulesoft has raised a total of $81 million.
MapR is a company that makes managing and analyzing big data easier through the distribution of Hadoop. Hadoop is an open-source software framework that supports data-intensive applications. Based in San Jose, California, MapR has raised $30 million in Series C funding.
DeveloperAuction is a company that lets you receive over 5 job offers from venture capital backed startups during a two week auction. Each auction takes place on designated days and tend to last about a week. The company launched in order to disrupt the recruiting industry and provide better ways for talented developers to get exposure. So far, DeveloperAuction hosted around $225 million worth of job offers.