Wellington Partners Posts

New Relic raises $100 million in new round of funding

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New Relic is an application performance monitoring company that has raised $100 million in a new round of funding. This round of funding was led by BlackRock and Passport Capital. T. Rowe Price Associates and Wellington Management also participated in this round. New Relic has raised a total of $215 million in funding.

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Business analytics company SumAll raises $4 million in funding

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SumAll has announced that they have raised $4 million in a new round of funding from existing Battery Ventures and Wellington Partners. The company also raised $1 million in debt from Silicon Valley Bank. SumAll lets customers analyze data from a variety of services like Facebook, Twitter, MailChimp, Constant Contact, Amazon Payments, PayPal, Bing Ads, and Google AdWords in one interface. One of SumAll’s agency customers uses the service to track over 120 Google Analytics pages and 50 Facebook pages. The company sees sales activity for 100,000 businesses and the total amount of data being analyzed doubles every 45 days.

EyeEm Raises $6 Million From Earlybird Venture Capital

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EyeEm
is a community and marketplace for high quality mobile photography.  EyeEm has raised $6 million in funding from Earlybird Venture Capital along with existing investors Wellington Partners and Passion Capital.  EyeEm will be using the funding to extend their global reach and build a mobile photography marketplace.  The EyeEm smartphone app is free and is available in 20 languages on iOS and Android.
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YPlan Raises $12 Million

YPlan
YPlan is an event tracking application that is launching in the United States soon.  General Catalyst Partners, Wellington Partners, Octopus Investments, Dave Morin, Shakil Khan, and Kevin Colleran is investing $12 million into YPlan.  YPlan is going to use the funding to expand internationally starting with New York City.
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Hailo Raises $30.6 Million In Series B

Hailo is a service that lets you summon a black cab in London, Boston, Chicago, Dublin, and Toronto.  The company has raised $30.6 million in Series B funding led by Union Square Ventures with participation from Japanese telecommunications company KDDI, Richard Branson (founder/chairman of Virgin Group), Phenomen Ventures, Felicis Ventures, Red Swan Ventures, Wellington Partners, and Atomico Ventures. Hailo has raised a total of about $50 million thus far.
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Truphone Raises $118 Million In Funding

Truphone is a United Kingdom based mobile network that lets users make cheap phone calls to other mobile devices. The company has raised £75 million ($118 million) from a group of investors led by Roman Abramovich (owner of the Chelsea Football Club).  Abramovich’s investment company Minden accounted for around £70 million of the investment, which gives them a 23.3% stake in the company based on a £300 million ($473 million) valuation according to TechCrunch.

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Hailo Raises $30 Million With A $140 Million Valuation

Hailo is a European taxi haling service that is similar to Uber.  The company is preparing to raise a large round of funding to expand into New York City.  Based in London, Hailo is going to raise around $30 million in Series B funding according to sources with AllThingsD.  Earlier this year, Hailo raised $17 million in Series A funding from Accel Partners, Atomico, and Wellington Partners.

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Seesmic Raises $4 Million, Bringing Them To A Total Of $16 Million


Seesmic is a social media application company based in San Francisco that enables people to send out mass updates on Twitter and other services. Seesmic competes directly with TweetDeck. Earlier this month Seesmic has raised $4 million in a new round of funding from Salesforce.com, Softbank Group, Atomico, Omidyar Network, and Wellington Partners. Seesmic has raised a total of $16 million thus far.