Hinge, Zola Books, Sprinklr: It’s Not all About Twitter Right Now
Fox Small Business Center--In a week dominated by social media news thanks to the Twitter IPO, social media management company Sprinklr also made headlines closing a $17.5 million Series C round of funding from inside investors Battery Ventures and Intel Capital. The two firms have now invested a total of $37.5 million in the four-year-old startup, which is based in New York City.
Brian O’Malley of Battery Ventures: “Investors are Fundamentally Lazy”
StrictlyVC--Yesterday afternoon, I sat down with Brian O’Malley of Battery Ventures in the gleaming marble lobby of San Francisco’s Four Seasons Hotel. Despite having a cold, O’Malley – who has led Battery’s deals in a long line of solid companies, including Bazaarvoice, which helps e-commerce companies manage customer reviews; SkullCandy, which makes headphones and earbuds; and the hotel booking service HotelTonight — spoke animatedly on a wide variety of topics.
Twitter Spurs New Technological Ecosystem
BloombergTV--Roger Lee, general partner at Battery Ventures, explores the ecosystem that has sprung up around Twitter, the steps being taken to transition into a mature public company and what this means for the valuation of tech companies. He speaks with Cory Johnson on Bloomberg Television’s “Bloomberg West.”
Big Data App Engine Continuuity Names WebLogic Founder as Director
AllThingsD--For all its vaunted importance to large companies, working with big data is kind of hard. Everybody sort of gets the point: Mine huge troves of data gathered over time through the course of normal business operations, and eventually you get to recognize patterns that turn into new insights that, in turn, can lead to changes that either make or save money. It’s the kind of problem that Jonathan Gray (pictured) solved for Facebook, where he built an internal system called Puma that gave developers a platform that let them easily build applications to work with that data, without first becoming data scientists.
Gainsight Raises $20M Series B Round, Its Second Raise This Year for “Customer Success”
Forbes--For three years, startup JBara Software toiled in the ‘customer success’ software business, looking to management of existing clients for businesses focused primarily on acquiring new ones. As the rebranded Gainsight, however, the company’s moving faster–and taking on cash to do it. Gainsight announced a new funding round of $20 million on Wed., led by Bain Capital Ventures.
Primary Data raises $50M–it’s all about the data, not the storage
VentureBeat--Flash storage has gotten lots of attention in the past few years, as it serves data to users more quickly than hard disk drives. But flash typically still costs more than disk, and issues with reliability and management complexity could be factors in the price difference. A stealthy startup called Primary Data is aiming to deliver storage that isn’t hampered by those issues, and a healthy $50 million round of venture capital should help a bit.
Day Trading Gabelli
Forbes--The next big thing in the $1.5 trillion exchange-traded funds business is being cooked up in a small office sharing an entrance with a beauty salon in the bucolic town of Bedminster, N.J. There, in a loftlike space outfitted with whiteboards, comfy chairs and a pool table, the four principals of Precidian Investments run what amounts to a lab for designing and patenting new forms of ETFs. Few investors have heard of them, but to mutual fund firms like Fidelity and American Funds, Precidian may well be the messiah of new growth.
Pursway raises $7.2M to help marketers find social influencers
TechCrunch -- Influencer marketing company Pursway is announcing that it has raised $7.2 million in Series B funding.
Pursway says that it takes a unique approach to helping businesses reach the people most likely to drive sales — an approach it describes as “socializing data.” The company has built a database (pulled from online sources like alumni lists, event attendees, and employment history) mapping the social relationships of more than 100 million U.S. consumers.
Cloudifying Video and the Return on Collaboration
WIRED -- Everyone knows the workplace is more mobile, global, visual and collaborative these days. People use ubiquitous, two-way mobile phone and tablet cameras to communicate with colleagues in remote offices and “visual analytics” apps to create and present information, among other new technologies.
But one of the most basic office collaboration tools, video-conferencing, has been lagging behind -- until now.
Businesses Putting on Blue Jeans for Network Needs
Bloomberg TV -- Krish Ramakrishnan, co-founder & CEO at Blue Jeans Network, explains the success behind his company’s networking business and how they’re turned a $50 million investment into a push to offer work from home network services. He speaks on Bloomberg Television’s “Bloomberg West.”
Blue Jeans raises $50 million to revolutionize videoconferencing
FORTUNE -- Battery Ventures investor explains why Blue Jeans is poised to battle both Cisco and Skype.
Blue Jeans Networks this morning announced that it has raised a whopping $50 million in VC funding, to help expand its cloud-based, system-agnostic videoconferencing business. In other words, one videoconference participant could be using a Cisco telepresence system while another uses Skype while another uses just a basic browser.
Yesware raises a $13.5M Series B from Battery Ventures to drag sales from an art to a science
PandoDaily -- The last several years have seen billions of dollars worth of value created in the marketing automation category with companies like Omniture (sold to Adobe for $1.8B), Bazaarvoice ($683M IPO), ExacTarget (sold to Adobe for $2.5B), NeoLane (sold to Adobe for $600M), Marketo ($465M IPO), and others. Another thing these five companies share in common, other than being responsible for ushering marketing from the realm of art into the data driven digital age, is that they were all backed by Battery Ventures.
Today, Battery is making a large bet that a similar transition is poised to occur in the sales category. The firm is leading a $13.5 million Series B investment into three-year-old, sales-focused email productivity platform Yesware.
BoostCTR Raises $8 Million in Financing Round Led by Battery Ventures
San Francisco, CA — Sept. 6, 2013 — BoostCTR, the leader in online advertising creative optimization, has raised $8 million in Series B funding from investors led by Battery Ventures. As part of the financing, Battery General Partner Brian O’Malley will join BoostCTR’s board.
VividCortex gets $2M to monitor (and diagnose) your MySQL databases
GigaOM -- VividCortex sees the need to watch and manage database performance, starting with MySQL and now has $2 million in funding from Jaffray Woodriff, Battery Ventures and angel investors to take on that task. It also has a noted MySQL expert in CEO and co-founder Baron Schwartz, a veteran of Percona, a professional services business based on MySQL.
Scodix Secures $5M from Battery Ventures
Rosh Ha'ayin, Israel, July 28 – Scodix Ltd, the leading provider of digital print enhancement presses for the Graphic Arts industry, has secured $5M in fresh capital from Battery Ventures. The additional funding will be used to continue product innovation and fuel the company’s rapid growth into more markets and customers worldwide.
Wayfair.com wants you to say its name
Fortune-- Wayfair.com could have gone public by now. Some might say should. The Boston-based online retailer generated $600 million in revenue in 2012 and an IPO would create liquidity for Wayfair's 1,300 employees, not to mention boost the company's position in the online home furnishings market. But the company's co-founder and CEO Niraj Shah is not ready to pull the trigger quite yet. "It's certainly something we think is in our future," Shah says. "There are a few more things we want to accomplish while we're private first."
Battery Ventures Acquires IHS GmbH
Waltham, MA, Menlo Park, CA, Herzilya, IL – July 17, 2013 – Battery Ventures, a private investment firm focused on technology and innovation worldwide, today announced the acquisition of Frankfurt, Germany-based IHS GmbH, a provider of technology and marketing solutions to the global hotel industry. The transaction will enable IHS and its brands to build upon its customer-centric focus, drive continued organic growth, and pursue acquisition opportunities. In conjunction with the investment, Battery Executive in Residence Steve Rowley joins IHS as Chairman and CEO, and Battery’s Dave Tabors and Morad Elhafed join its Board of Directors.
For Retail, ‘Big Data’ Means Big Benefits
Retail Customer Experience -- In a recent Q&A with Ran Shaul — co-founder of Pursway, a company that specializes in data analytics for retail — we asked about the benefits of Big Data, and whether the recent NSA controversy could cause a backlash from those consumers who deem the process a breach of privacy.
The 2013 Midas List: Hot Prospects
Forbes -- For the third year in a row, TrueBridge Capital has partnered with Forbes to cultivate the most exciting billing in venture capital, The 2013 Midas List, which rumor has it will be published shortly. ... As in 2011 and 2012, we have also selected the best of the best from the next generation of venture capitalists, based on quantitative data and qualitative references confirming the sentiment throughout the industry. ... After joining Battery Ventures in 2006, [Chelsea] Stoner quickly became a part of some of the biggest winners for the firm, including Groupon, Guidewire, and RealPage. She specializes in SaaS and healthcare IT ...
Facebook, Apple vet powering up next big mobile idea at Battery
Silicon Valley Business Journal -- Facebook and Apple mobile veteran Charles Jolley jumped from the social networking giant to Battery Ventures this month, but don’t expect to see him there for very long. Jolley, 34, sees an opportunity to launch an idea he has been brewing for several years and took the entrepreneur in residence gig on Sand Hill Road...
Mobile Expert Charles Jolley Joins Battery Ventures as an Entrepreneur in Residence
WALTHAM, MA, MENLO PARK, CA and HERZLIYA, Israel; April 23, 2013 - Battery Ventures today announced that Charles Jolley, most recently Facebook’s Mobile Platform Head of Product, and co-founder of mobile software company Strobe (acquired by Facebook), has joined as an Entrepreneur in Residence (EIR) in its Menlo Park office. Jolley is a well-known and seasoned technologist and entrepreneur, who will bring his deep background in mobile, software and tablet engineering to work alongside the Battery investment team.
Venture Investing Drops In Q1 Despite More VC Funds Raised
Forbes -- Venture capital firms raised more dollars from their limited partners in the first quarter of 2013 than in the prior quarter, showing that it may have stabilized the larger trend of a shrinking industry. ... The largest funds raised in the quarter were from Battery Ventures, Third Rock Ventures, Spark Capital, Redpoint Ventures and Nokia Growth Partners.
Gainsight Raises $9 Million From Battery Ventures, Names Mehta CEO
All Things Digital -- Meet Gainsight. Until yesterday, it was a startup known as JBara Software. Today it changed its name, announced the closing of a $9 million Series A round of venture capital funding and named a new CEO. So it’s something of a big day for this small company.
Forget in-memory — SiSense raises $10M for in-chip analytics
GigaOM -- While the rest of the world is agog about big data and in-memory analytics, SiSense is taking a different tack. It’s rethinking business intelligence with higher-speed analysis on smaller (relatively speaking) data sets by taking advantage of multicore, 64-bit processors. The approach has been paying off with some impressive customer uptake, and on Wednesday SiSense announced a $10 million series B funding round from Battery Ventures along with Opus Capital and Genesis Partners.
Marketo Files For $75M IPO To Grow SaaS Marketing Platform
TechCrunch - Marketo, a marketing software platform, has announced its plans to file a $75 million IPO to further expand and build out its marketing software platform.
Marketo will trade under “MKTO” on the Nasdaq exchange. Goldman, Sachs & Co. and Credit Suisse are listed as leading the offering.
Marketo has raised $108 million. In November 2011, the company raised $50 million in a round led by Battery Ventures.
GoEuro Secures $4M From Battery Ventures, Hasso Plattner And Angels For Multi-Mode Travel Search Engine
TechCrunch -- ...a new player emerges today, attempting to do almost exactly the same thing – but this time GoEuro, based in Berlin, will have a $4 million seed round to do it with. The round was led by Battery Ventures and Hasso Plattner Ventures (HPV), and joined by notable industry leaders including Dave Baggett (ITA Software – a leading provider of innovative solutions for the travel industry) and Jeff Sagansky (Global Eagle Entertainment – largest provider of entertainment for worldwide airline business).
Mobile Social Voting App Polar Raises $1.2M
TechCrunch - Social voting app Polar has raised $1.2 milliom from Yahoo founder Jerry Yang at AME Cloud Ventures, Greylock Partners’ John Lilly, LiveOps Chairman and former eBay COO Maynard Webb, Ash Patel at Morado Ventures, Brian O’Malley Mike Dauber at Battery Ventures, Google’s Don Dodge, Sam Pullara, and others.
Battery Ventures Raises $900M in Two New Funds
Wall Street Journal - Battery Ventures has raised a new $650 million fund plus a $250 million side fund, just as it completes an internal intergenerational shift.
The venture-capital firm, which invests across technology sectors and across different stages of private companies’ life cycles, last raised a $750 million fund in 2010.
Battery Ventures Closes Two Funds Totaling $900M
Battery Ventures X Capitalized at $650M, Battery Ventures X Side Fund Capitalized at $250M; Firm will Continue to Invest in Technology in Early, Growth and Buyout Stages
WALTHAM, MA, MENLO PARK, CA, HERZLIYA, ISRAEL; Feb 21, 2013
- Battery Ventures
today announced that is has closed two new funds, Battery Ventures X (BV X) at its $650M target, and Battery Ventures X Side Fund (BV X Side Fund) at its $250M target. Battery will continue its focus on Seed, Early, Growth and Buyout opportunities in technology and related markets. The firm raised predecessor fund Battery Ventures IX ($750M) in March 2010.
The Top 20 Venture Capital Firms of 2012
VentureBeat -- The top 20 technology venture capital firms of 2012 have been tabulated by PrivCo, a company that provides financial analysis of private companies. Based on the number of private tech company exits in 2012, Intel Capital ranked No. 1.
Next up were Felicis Ventures, SV Angel, Sequoia Capital, First Round Capital, Battery Ventures, DFJ, Greylock Partners, Ignition, Google Ventures...
Investment Firms Give Entrepreneurs a Home
Wall Street Journal - Some big Silicon Valley venture-capital firms are bringing in more entrepreneurs-in-residence, seeking an earlier entry into companies as investing grows more competitive.
The programs—in which an executive or entrepreneur works informally at a venture-capital firm developing their next idea—are a low-risk and low-cost way for firms to get exclusive access to a new startup.
There’s Still Money in Old-School Tech
GigaOM (Alex Benik contribution) -- As startups race to become the next big thing, they often downplay the successes and sales of those they hope to replace. But large companies spend billions on old technology because they don’t have the resources to try something new.
Brightree Acquires Home Health and Hospice Software Provider CareAnyware
Combination creates the largest provider of SaaS-based healthcare IT (HCIT) software solutions for the post-acute care industry
ATLANTA – January 4, 2013 – Brightree LLC, the leading provider of billing and business management software solutions for the home medical equipment (HME) market, announced today that it has acquired home health and hospice software provider CareAnyware, Inc. of Raleigh, N.C.