RRE Ventures Posts

OnDeck raises $77 million in funding

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OnDeck is an alternative lending company that has raised $77 million in funding led by Tiger Global Management with participation from Institutional Venture Partners, RRE Ventures, SAP Ventures, Google Ventures, First Round Capital and Peter Thiel. OnDeck has raised a total of $180 million in equity and $300 million in debt financing.
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Business Insider has raised $12 million

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Business Insider, a popular business and tech blog, has raised $12 million in funding led by Amazon.com CEO Jeff Bezos with participation from existing investors Institutional Venture Partners, RRE Ventures, and Gordon Crovitz. Business Insider has now raised a total of $30 million in the last 7 years. Business Insider is rumored to have turned down a $100 million offer from AOL last year.
[Source: ReCode]

Datadog raises $15 million in funding

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Datadog is a startup that focuses on monitoring company workloads that run on Amazon Web Services. Datadog has raised $15 million in Series B funding led by OpenView Venture Partners. Existing investors Index Ventures, RTP Ventures, Amplify Partners, IA Ventures, Contour Venture Partners, NYCSeed and RRE Ventures also participated in this round. Datadog has raised a total of $22.5 million. Datadog plans to use the funding to expand their infrastructure. Datadog added over 30,000 servers under management in this past year. Some of their customers include Coursera, HP Cloud Services, Intel, and Salesforce.com.
[Source: GigaOM]

Isabel Lerer launches The Dodo with almost $2 million in seed funding

The Dodo
The Dodo is an animal focused website that has launched this week. The website was co-founded by Isabel Lerer. Isabel’s father Ken is known for being a co-founder of The Huffington Post and works as the chairman of BuzzFeed and Betaworks.
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Moda Operandi raises $22 million in Series D funding

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Moda Operandi is a luxury fashion e-commerce company that has raised $22 million in funding from existing investors. Based in New York, Moda Operandi expanded rapidly in the past year. Moda Operandi started to recently offer online boutique selling in-season items. Previous investors in Moda Operandi include New Enterprise Associates, New Atlantic Ventures, Manatt Venture Fund, RRE Ventures, Conde Nast and LVMH Moët Hennessy Louis Vuitton.

TapCommerce Raises $10 Million

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TapCommerce is a startup that sells app engagement ads.  The company has raised $10.5 million in Series A funding led by Bain Capital Ventures and RRE Ventures.  Previous investors Metamorphic Ventures, Eniac Ventures, and Nextview Ventures also participated in this round.  Some of TapCommerce’s customers includes Fab, eBay, and Jackthreads.  App engagement ads encourages mobile users to open apps that they already have on their devices again-and-again.

Quirky Raises $79 Million In Series D Funding

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Quirky is a startup that has raised $79 million in Series D funding from General Electric (GE) along with venture capital firms Andreessen Horowitz, Norwest Venture Partners, RRE Ventures, and Kleiner Perkins Caufield & Byers.  General Electric’s participation is an extension of a partnership that Quirky and General Electric made earlier this year.  GE put in $30 million into this funding round and has committed to building 30 connected-home gadgets with Quirky over the next five years.
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itBit Raises $3.25 Million

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itBit is a Bitcoin exchange that has raised $3.25 million in a funding round that was co-led by Canaan Partners and RRE Ventures with participation from Liberty City Ventures.  Angel investors Jay W. Jordan II and Ben Davenport also participated in this round.  itBit offers high levels of security and compliance to Bitcoin exchanges.  itBit has raised a total of $5.5 million.

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