Shasta Ventures Posts

Smule raises $16.6 million

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Smule has raised $16.6 million in funding led by Roth Capital Partners with participation from Bessemer Venture Partners, Shasta  Ventures, and Granite Ventures. Smule has now raised a total of $42 million.

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ClassDojo raises $8.5 million

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ClassDojo is a mobile-education platform company that has raised $8.5 million in funding from Shasta Ventures, Yuri Milner, General Catalyst, SoftTech VC, and SV Angel. ClassDojo previously raised $1.6 million in seed funding back in August 2012 along with resources from the K12 accelerator.
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Cybersecurity company CloudPassage raises $25.5 million

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CloudPassage is a cybersecurity company that has raised $25.5 million in Series C funding led by Shasta Ventures. This funding round included new investors Meritech Capital Partners and Stephen Luczo (Seagate CEO). It also included participation from existing investors Tenaya Capital, Benchmark Capital and Musea Ventures. CloudPassage has raised a total of $53 million.
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TigerText raises $21 million in Series B

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TigerText is a real-time messaging provider that has raised $21 million in Series B funding. This round of funding was led by Shasta Ventures. Other investors that participated in this round include OrbiMed, Reed Elsevier Ventures and TELUS Corporation. Existing investors that joined this round include Easton Capital, New Leaf Venture Partners and New Science Ventures.

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Turn raises $80 million in funding

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Turn is an advertising technology company that has raised $80 million in funding. This will help the company delay their IPO for now. Turn plans to use the funding to invest in their data platform, which provides real-time information about over a million ads per second. Turn works with brands, agencies, and digital trading desks.
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Report: Nest is raising between $150 and $200 million

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Nest Labs is reportedly going to raise somewhere between $150 and $200 million, according to Re/Code. The valuation of Nest would be between $2 and $3 billion. Nest Labs is known for building smart home products like thermostats and smoke alarms. The investor in this round is believed to be Yuri Milner’s DST along with existing investors like Google Ventures, Shasta Ventures, Kleiner Perkins, Generation Investment Management, Lightspeed Venture Partners, Venrock, and several others. Nest raised $80 million in funding around a year ago with a valuation of over $800 million. The founder of Nest is Tony Fadell, who is known as being the “father of the iPod.”

Mocana raises $15 million in funding led by GE

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Mocana is a mobile enterprise company that has raised $15 million in funding led by GE Ventures. Shasta Ventures, Southern Cross Venture Partners, Symantec, and Trident Capital also participated in this round. Mocana has now raised a total of over $62 million in funding.
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Nextdoor Raises $60M In Funding From Kleiner Perkins And Tiger Global

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Nextdoor is a private social network company for neighborhoods.  Nextdoor has raised $60 million in funding led by Kleiner Perkins Caufield & Byers and Tiger Global Management.  This round of funding also included new investor Comcast Ventures.  Existing investors Benchmark, Greylock Partners, and Shasta Ventures also participated in this round.
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