Amit Chowdhry | October 11, 2011 | 839 views | Add a Comment
Categorized under Andreessen Horowitz, Bessemer Venture Partners, Bessemer Ventures, Box.net, Draper Fisher Jurvetson, New Enterprise Associates, Salesforce.com, SAP Ventures
Cloud storage company Box.net has raised $81 million in Series D funding from Salesforce.com, SAP Ventures, Bessemer Venture Partners, New Enterprise Associates, Andreessen Horowitz, and Draper Fisher Jurvetson. Box.net has now raised a total of $162 million. This puts Box.net’s valuation at over $600 million.
Riley Kennysmith | June 21, 2011 | 671 views | Add a Comment
Categorized under Appian Ventures, Draper Fisher Jurvetson, General Catalyst Partners, Ping Identity, SAP Ventures, Silicon Valley Bank, Triangle Peak Partners, Volition Capital
Ping Identity has gained investors Triangle Peak Partners and Silicon Valley Bank, raising $21 million for their secure sign-in platforms. According to TechCrunch, the new investors join Appian Ventures, Draper Fisher Jurvetson, General Catalyst Partners, SAP Ventures and Volition Capital.
Amit Chowdhry | January 28, 2011 | 522 views | Add a Comment
Categorized under Mitch Jacobs, On Deck, SAP Ventures
On Deck is a technology platform company that connects “Mainstreet directly to capital.” The company has raised $15 million in SEries C funding. This round of funding was led by SAP Ventures. On Deck saw 3X revenue in 2010. On Deck created a platform that evaluates the financial health of Main Street businesses. On Deck delivered about $100 million in loans to thousands of Main Street small businesses. Main Street is a metonym for retail areas of a village, town, or small city.
Amit Chowdhry | February 19, 2009 | 1,099 views | Add a Comment
Categorized under American Capital Strategies, Coghead, El Dorado Ventures, SAP AG, SAP Ventures, Western Technology Investment
SAP (NYSE:SAP), the company behind one of the most popular enterprise software is getting into the cloud computing game through the acquisition of Coghead. Coghead will be shutting down their business and letting go of customers as a part of the acquisition. SAP bought out Coghead’s intellectual property and hired their engineering team. SAP doesn’t plan on reselling Coghead’s service anytime soon.
“SAP is one of the premier tech companies in the world and we’re really happy this transaction took place,” stated Paul McNamara, Coghead’s CEO. “However, the Coghead business model is not in keeping with the kinds of things that SAP wants to do.”
Coghead’s primary service was to allow customers to develop and host database applications using a simple drag & drop interface. Coghead’s service will run through April, but after that it is safe to assume that the service will no longer be around.
Since Coghead started a few years ago, they raised about $13.7 million from El Dorado Ventures, American Capital Strategies, Western Technology Investment, and SAP Ventures.
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