Tag Archives: U.S. Venture Partners
Stealth Startup Grokr Raises $1.5 Million
Grokr is a stealth startup company that has raised $1.5 million according to an SEC filing. Grokr was founded by Srivats Sampath, an EIR at U.S. Venture Partners, who previously co-founded Mercora (Social.fm) and the previous CEO at McAfee. Sampath was also a VP at Netscape. The only thing that we know about Grokr is that it will be focusing on the “cognitive web.” [TechCrunch]
Categories Grokr, Srivats Sampath, U.S. Venture Partners
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LivingSocial Raises $176 Million In Private Offering
LivingSocial has raised $176 million in a private offering according to an SEC filing. Investors in this round include Amazon.com, U.S. Venture Partners, and Steve Case’s Revolution Ventures. Code Advisors and JP Morgan oversaw the deal and made $5 million in the process. LivingSocial offered $400 million worth of stock and sold a portion of it. About $224 million of stock still available. The final $224 million is expected to be bought in the next several weeks or months. This round of funding will be used for operations and expansion such as setting up a new company headquarters. [BusinessInsider]
Cloud Storage Company Box.net Raises $50 Million
Box.net has raised a new round of $50 million in funding. Investors in this round include Salesforce.com, Andreessen Horowitz, Draper Fisher Jurvetson, Emergence Capital Partners, Meritech Capital Partners, Scale Venture Partners, and U.S. Venture Partners. Box.net has now raised a total of $128 million. Box.net has 7 million users and 300 million documents are stored on their service. Box.net was founded in 2005 by Aaron Levie and Dylan Smith in 2005. About 77% of the Fortune 500 uses Box.net’s cloud storage solutions service. [TechCrunch]
Smartling Raises $10 Million for Quick Crowdsourced Translations
Crowdsourcing translation service Smartling has raised $10 million in funding to improve its localized language tech. Smartling’s investors include U.S. Venture Partners, Venrock, First Round Capital and IDG Ventures. Smartling has already gained some big-name customers, including Foursquare and Scribd. [GigaOM]
Dell Paying $700 Million In Cash To Acquire Force10 Networks
ScoreBig Raises $14 Million In Series B
ScoreBig is a website that offers discounts on sports, concerts, and theater tickets for their members. The company has raised $14 million in Series B funding led by U.S. Venture Partners. Bain Capital Ventures participated in this round of funding. This gives ScoreBig a total of $22.5 million in funding.
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Social Targeting Advertising Company Media6Degrees Raises $17 Million
Media6Degrees is an advertising company that uses social media data for targeting purposes. The company has raised $17 million in a second round of funding from Menlo Ventures, U.S. Venture Partners, and Venrock. The company plans to use the funding to expand their platform beyond display advertising. They plan to build an optimization platform for marketers and publisher companies. [DMWMedia]
Yammer Raises $25 Million In Funding
Yammer, the micro-blogging service for enterprises, has raised $25 million in funding. The funding was led by U.S. Venture Partners. Emergence Capital, Charles River Ventures, and the Founders Fund had participated in this round. Yammer’s total funding is at $40 million. U.S. Ventures’ Mamoon Hamid will join the Yammer board of directors.
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ThreatMatrix Raises Over $12 Million
ThreatMatrix has raised $12.1 million to help prevent fraud on social networks. This round of funding was led by Tenaya Capital. U.S. Venture Partners, CM Capital, and TVP was also a part of this round.
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Categories CM Capital, Tenaya Capital, ThreatMatrix, TVP, U.S. Venture Partners
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LivingSocial Raises $14 Million Series C, Challenging Groupon
This morning I went on YouTube.com and saw a huge banner at the top that features LivingSocial.com’s Daily Deal in the city of Detroit. If you go to LivingSocial.com right now, it will show you how their daily deals work — for me the website says “We’re coming soon to Ann Arbor.” I actually had no idea that LivingSocial was planning to compete with Groupon.com. And they have raised $14 million in Series C to do so.
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