Amit Chowdhry | May 3, 2011 | 569 views | Add a Comment
Categorized under Lightspeed Venture Partners, Peel, Ravi Mhatre, Redpoint Venture Partners, Redpoint Ventures
Peel is a start-up company that has raised $16.7 million in Series B funding to turn your iOS device into a universal remote. Ravi Mhatre of Lightspeed Venture Partners led this round of funding. Redpoint Ventures and other seed investors participated in this round.
Amit Chowdhry | July 22, 2009 | 4,042 views | 2 Comments
Categorized under Andreessen Horowitz, Gina Bianchini, Lightspeed Venture Partners, Marc Andreessen, Ning, Ravi Mhatre
Social network customization service Ning.com has raised $15 million in Series E funding. This investment places Ning at a valuation of $750 million. Last year Ning raised $60 million at a $500 million valuation.
Ning currently has about 29.3 million registered users and over 1 million social networks. The company was founded by Marc Andreessen and Gina Bianchini. Andreessen recently launched his own venture firm with former partner Ben Horowitz. The venture firm that was started by Andreessen is called Andreessen Horowitz.
“The growth at Ning has been massive in the last year and, combined with the quality of the team and seeing that kind of momentum, it worked out well for us both,” stated Lightspeed Venture Partner Managing Director and co-founder Ravi Mhatre.
[via AllThingsD]
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