Scale Venture Partners Posts

Everyday Health files for IPO

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Everyday Health is a digital health and wellness company that has filed for an IPO. The number of shares that will be offered is not yet determined. Everyday Health will trade on the New York Stock Exchange with the ticker symbol “EVDY.” J.P. Morgan Securities, Credit Suisse Securities, and Citigroup Global Markets will be the lead underwriters.

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Opscode raises $32 million in funding, gets renamed to Chef

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Opscode has raised $32 million in Series D funding and has changed their name to Chef. Chef is also the name of the company’s flagship configuration management tool product. Chef has also named Microsoft alum Curt Anderson as their new chief financial officer. Chef will be using the funding to increase their sales, marketing, and engineering team from around 100 people now to 200.
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Analytics service DataSift raises $42 million in funding

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DataSift is a United Kingdom based social startup that offers analytics based on social network data. DataSift has raised $42 million in a Series C round of funding. DataSift has raised a total of $70 million in funding thus far. This round of funding was led by Insight Venture Partners with participation from existing investors Scale Venture Partners, Upfront Ventures, IA Ventures, Northgate Capital, Daher Capital and Cendana Capital.

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PubNub Raises $11 Million In Series B

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PubNub is a real-time network for data feeds plugged into mobile apps that has raised $11 million in funding led by Scale Venture Partners.  PubNub streams 3 million messages per second to as many as 100 million devices every month.
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High-Performance Database Company DataStax Raises $45 Million

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is a high-performance database platform company that has raised $45 million in Series D funding.  This round of funding was led by Scale Venture Partners.  Draper Fisher Jurvetson, Next World Capital and previous investors also participated in this round.  DataStax will be using the funding to expand globally and continue to invest in their NoSQL open source project called Apache Cassandra.  DataStax plans to go public depending on the direction of the markets.  DataStax is releasing version 3.1 of their enterprise-grade and community-edition software.

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HubSpot Raises $35 Million

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,, and Charles River Ventures.

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Cloud Storage Company Raises $50 Million has raised a new round of $50 million in funding. Investors in this round include, Andreessen Horowitz, Draper Fisher Jurvetson, Emergence Capital Partners, Meritech Capital Partners, Scale Venture Partners, and U.S. Venture Partners. has now raised a total of $128 million. has 7 million users and 300 million documents are stored on their service. was founded in 2005 by Aaron Levie and Dylan Smith in 2005. About 77% of the Fortune 500 uses’s cloud storage solutions service. [TechCrunch]

CoTweet Parent Company ExactTarget Raises $30 Million

ExactTarget has raised $30 million in a new round of funding to fund acquisitions and to expand operations. ExactTarget is an e-mail marketing company that acquired CoTweet in 2009. ExactTarget raised $70 million in May 2009. ExactTarget’s revenues increased 41% to $134 million in 2010. ExactTarget was initially planning on going IPO in late 2007, but decided to raise funding instead. The latest round of funding was led by Technology Crossover Ventures. Battery Ventures, Scale Venture Partners, and Greenspring Associates also participated in this round. [paidContent]