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 ...
London, United Kingdom – May 7th 2013: FTBpro, the largest fan-generated media platform in online football, has secured $5.8 million financing from Battery Ventures and Gemini Israel Ventures, as the new media company continues to expand into key geographical markets.
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.
The New York Times -- This interview with Marcus Ryu, the C.E.O. of Guidewire Software, a maker of software for the insurance industry, was conducted and condensed by Adam Bryant. Q. Tell me about the culture you’re trying to foster. A. A little background about our origins as a company will help....
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.
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.
CHICAGO – March 25, 2013 – SingleHop, a global leader in highly automated hosting, cloud and infrastructure-as-a-service, reported today revenue and company growth highlights for the 2012 calendar year.
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).
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.
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 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.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...
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.
New York Times - Call it the Facebook effect. Until recently, investors had been all too eager to pour millions into any Web start-up with rapid growth, regardless of whether it made money or even had plans to do so down the road. But after Facebook’s rocky initial public offering and flameouts at Zynga and Groupon, venture capitalists are entering a picky phase.
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.
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.
Forbes - The overall IPO market in 2012 was modestly better than 2011, but it was driven largely by a few big deals such as Facebook. Here is a more detailed look at venture-backed technology IPOs in particular in 2012.
Bloomberg -- After leaving the software enterprise company he helped take public in 2009, Bryan Burkhart spent months mulling one question: What was the biggest industry that hadn’t been reinvented by technology? Title insurance was a possibility. So was property management. After interviewing flower shop owners in New York’s Chelsea neighborhood, Burkhart became fascinated with flowers -- a $32 billion market still sometimes managed on notepads in retail shops and grocery stores. He found that despite shop owners’ talent for arrangements, as much as half their product often went unsold.
Have a little fun with our annual tradition ~ play Boardroom Bonanza!
FORTUNE -- The next time you upload a photo to Facebook, consider this: All those pictures have to be processed and stored somewhere, presumably forever. Some 3 million data centers occupy more than 600 million square feet of space in the U.S. alone to help do so.
Wall Street Journal - Wayfair, a Boston-based network of retail sites that focuses on home decor, has raised $36 million in its second round of funding amid rapid expansion of its third retail branch: a flash-sales site called Joss & Main.
Enterprise Storage - Every few months, we bring you the latest crop of hot storage startups. The good news is that interesting newbies just keep on coming. Here are a few to watch.
GigaOM - Less than a month after unveiling its Hadoop analytics engine to great fanfare, Platfora has raised $20 million to realize its mission of displacing the business intelligence and data warehouse incumbents. It’ll need every dime: although the competition is old, it’s also rich, entrenched and determined.
Battery Original Research - In order to better understand evolving trends in online commerce, we commissioned a detailed survey to get a pulse on what/when/how people are buying and selling, what is influencing their online purchasing behavior, and how social is changing the face of e-commerce.
Wall Street Journal - Calxeda Inc ., a start-up that provides chips for a new breed of server systems, has raised an additional $55 million as computer makers like Hewlett-Packard Co . prepare to offer its technology.
WIRED - You might think given all the handwringing following Facebook’s (FB) IPO, that Trulia (TRLA), a company that has never enjoyed a profitable quarter since its founding in 2005, would be a tough sell as an IPO. But it wasn’t. Investors ate it up.
Bloomberg Businessweek - Venture firms such as New Enterprise Associates and Accel Partners are stepping up investment in e- commerce as shoppers increasingly turn to niche websites for custom-made clothes at prices that undercut department stores.
CDC Software (CDC) and Consona Corporation (Consona), both enterprise application software (EAS) providers of on-premise and cloud technologies, today announced they have merged to form Aptean.
San Francisco, CA; July 24, 2012 – Chute, the Y Combinator backed company that helps apps and sites capture, manage and display media files, today announced it has secured a new round of early stage venture funding. Freestyle Capital (who led), Battery Ventures, USVP and a handful of strategic investors including Salesforce.com, Joe Fernandez and Binh Tran (the CEO and CTO of Klout), and Joshua Reeves (CEO of Zen Payroll) contributed to the round.
TechCrunch - Tealium, the leader in enterprise tag management, today announced that it has received $10.5M in Series B financing from Battery Ventures to help fund growth across the entire company as it continues to build on its market leadership and momentum in enterprise tag management.
All Things Digital - The third wave of e-commerce is officially here, and it may have already jumped the shark.
Wall Street Journal - Battery Ventures has promoted Chelsea Stoner from principal to partner, VentureWire has learned, making her the first female partner in the history of the nearly 30-year-old firm.
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced it has led a $20 million growth financing in Avalara, the market leading provider of sales tax automation services in the cloud.
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced that Chelsea Stoner has been promoted to Partner.
All Things Digital - Retailers often have a hard time figuring out how much customers need to pay in sales tax. Not only does it depend on what state or country the customer lives in, but now consumers are also increasingly shopping on the phone, so it also depends on where the purchaser is — down to the city block — and where the packages are being shipped.
MENLO PARK, Calif. – June 6, 2012 – Delphix, the market leader in agile data, announced it has received $25 million in its oversubscribed Series C funding round, led by Jafco Ventures. Summit Partners and Battery Ventures joined Jafco as new investors in Delphix.
VentureBeat - Last-minute hotel booking is proving to be big business for HotelTonight, a one year-old San Francisco-based startup that just closed $23 million in additional funding.
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced that it has acquired Jeeves Information Systems, a Stockholm, Sweden-based leader in ERP software for small to medium enterprises.
GigaOm - Modern web-scale applications like Google, Twitter, Netflix, LinkedIn, and others are implemented as distributed systems as opposed to single monolithic codebases. Surprisingly, modern startups are generally built the same way. So what can startups learn from web apps?
Danaher Corporation today announced that it has signed a definitive agreement to acquire VSS Monitoring, based in San Mateo, CA. The terms of the deal were not disclosed.
Mass Relevance, the technology leader in social curation and integration, today announced that it has closed $3.3 million in venture capital funding. Mass Relevance will use the new financing to accelerate growth for the company’s platform among media, entertainment, consumer brands and retailers.
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, hosted its 2nd annual Big IT Meets Big Web event on May 2nd.
Rogue Wave Software announced today that it finalized an agreement to acquire IBM’s ILOG Visualization for C++ Products. For Rogue Wave customers, this acquisition adds high-performance data visualization capabilities to the company's existing portfolio of cross-platform, HPC development tools and embedded components.
Forbes - Last year when Forbes released its Midas List, an annual ranking of the best venture capitalists, March Madness was in full swing.
Boston Business Journal - You have to go more than one third of the way down Forbes' 2012 Midas List of the top 100 venture capital investors, before you meet anyone from Boston. According to Forbes, just seven of the top 100 VCs are Boston-based, this year.
Forbes - Atop this year’s Midas List of technology’s best investors is once again Accel Partner’s Jim Breyer, with Greylock’s Reid Hoffman (left) holding steady at number three. They head our definitive roster of the best-performing moneymen fueling a bull market for hot young companies.
On May 2, 2012 at Stanford, Battery brought together today’s leaders in the “Big IT” and “Big Web” movements—leading architects and technologists who have designed, built, and operated the systems that power both the capital markets and the most notable properties on the Internet.
GigaOM - In a cloud computing market dominated by large, well-known companies such as Amazon Web Services and Rackspace, it’s difficult to find much upside investing in the competition. However, Battery Ventures has done just that, leading a $27.5 million round in SingleHop, a Chicago-based infrastructure-as-a-service provider.
SingleHop, a privately-held company focused on providing highly automated Internet infrastructure-as-a-service (IaaS) and cloud computing, today announced that it has completed its first ever institutional financing, a $27.5 million round led by Battery Ventures.
VentureBeat - Meet Sprinklr, the New York-based social media management startup that’s quietly won over more than 100 top-tier companies, including Samsung, Microsoft, Dell, Cisco, SAP, Target, Nike, and Virgin America.
The financing round, which was oversubscribed, will be used to fuel Opscode's rapid expansion of its software engineering, sales, marketing and business development efforts.
ExactTarget, a global provider of cross-channel interactive marketing solutions, announced today the pricing of its initial public offering of 8,500,000 shares of common stock at a price to the public of $19.00 per share.
Boston Business Journal - At Cambridge venture capital firm General Catalyst Partners, two of its tech companies have pulled off initial public offerings in the past month — Brightcove and Demandware — and done so with strong demand from investors.
BrightEdge, the leading site, search and social management platform for global enterprises, announced today that it has raised $12.6 Million in a series C round led by Intel Capital and joined by existing investors, Battery Ventures, Altos Ventures and Illuminate Ventures.
Wall Street Journal - Sprinklr, a start-up that helps big companies manage the way they engage with social media, has raised $5 million in funding from Battery Ventures.
Drilling Info today announced a $165 million equity investment.
The New York Times - Any intrepid consumer can’t help being intrigued by the promise — and nerve — of Angie’s List.
TechCrunch - QVC, a home shopping network and e-commerce site, has acquired Send the Trend, a recently launched e-commerce site that brings personalization to the world of fashion accessories.
Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today announced it has completed its$3.7 billion acquisition of NetLogic Microsystems, Inc. (NASDAQ: NETL), a leader in high performance intelligent semiconductor solutions for next generation networks.
Daily Deal Media - Brian O’Malley, General Partner at Battery Ventures sits down with Daily Deal Media Founder and CEO, Boyan Josic, at the Business Insider Social Commerce Summit 2012, to discuss his Venture Capitalist outlook of the social commerce industry.
Today, Backplane announced it closed a Series A round of financing with new investors Sequoia Capital, Greylock Discovery Fund, Battery Ventures, Formation 8, Advance/Newhouse Investment Partnership an affiliate of Conde Nast, as well as continued participation from Google Ventures, Founders Fund Angel, Menlo Ventures, SV Angel, i/o Ventures, and a group of individual investors.
GigaOM - Former Yahoo VP and chief cloud architect Todd Papaioannou is working on a stealth-mode startup called Continuuity, which aims to make it easier for developers to create data-focused cloud applications. The company has raised a $2.5 million seed round from Battery Ventures and Andreessen-Horowitz.
Battery Ventures today announced it has invested in Continuuity, a Big Data startup born out of the firm's Entrepreneur-in-Residence (EIR) program and founded by Battery EIR Todd Papaioannou.
Conversational marketing technology provider Neolane today announced it has closed a $27 million financing round. Battery Ventures led the round, joining initial Neolane investors Auriga Partners, XAnge and Gilles Queru.
Wall Street Journal - During his tenure at Battery Ventures, Brian O’Malley has led the firm’s seed practice, where’s he’s found success testing ideas contrary to the day’s deal trends.
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced two promotions to General Partner: Jesse Feldman, based in Battery's Waltham, MA office, and Brian O'Malley, based in the firm's Menlo Park, CA office.
Reuters - Consumers spent a record $1.25 billion on Cyber Monday, according to comScore, highlighting how much people love shopping online.
Venture Capital Journal - Venture capitalists in growing numbers are backing startups founded by women that target female consumers, often in sectors that traditionally attract a female following: fashion and beauty as well as sites that sell home and family-related products. It should come as no surprise.
The New York Times - Last year, two software geeks who’d never been anywhere near the flower business — in fact, one of them is, quite literally, allergic to it — started H.Bloom, an online, subscription-based floral delivery service that operates in New York, Chicago and Washington.
Bloomberg Businessweek - Battery Ventures’ investments in Angie’s List Inc. and Groupon Inc. have produced more than $440 million in paper profit after the Internet-commerce companies sold shares to the public this month.
Marketo, the fastest-growing provider of Revenue Performance Management (RPM) technology, today announced it has secured $50 million in new venture financing. Battery Ventures led the round, with existing investors Institutional Venture Partners, InterWest Partners, Mayfield Fund and Storm Ventures also participating.
Kontagent, the leading enterprise user analytics company, today announced that it has closed $12 million in Series B financing. The investment was led by Battery Ventures, with continued participation from Maverick Capital and Altos Ventures.
Boston Globe - Online Venrock is having a good run. The venture capital firm is among several investors that will receive a windfall from last week’s $1.1 billion sale of Cambridge’s Endeca Technologies Inc. to computer software giant Oracle Corp.
The New York Times SHELBY CLARK, the founder of a start-up called RelayRides, was honored last week as a rising star in clean technology. But as he took the stage alongside companies creating new kinds of energy, he felt out of place.
Greentech Media It will be the last birthday that the incandescent bulb will have has before the national phase-out and efficiency standard starts (with the 100-watt model) in the U.S. in January.
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, congratulates Andrew Mason and Jesse Robbins for their inclusion on Technology Review’s 2011 List of 35 Innovators Under 35 – the TR35.
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, hosted an educational, networking event on Smart Building Technology on September 15th in Palo Alto, CA.
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced that it has acquired Planit, a leader in CAD/CAM software for the specialist manufacturing sector, headquartered in the UK.
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced the acquisition of Houston-based Detcon, a leader in fixed gas detection products.
FirstFuel Software, the commercial building energy analytics company, today announced that it secured a $2.4 million initial round of financing led by Battery Ventures and Nth Power, with participation from individual investors. The company, formerly called iblogix, Inc., will use the financing to quickly scale and accelerate adoption of its Rapid Building Assessment (RBA) platform, which provides zero-touch analysis of the energy performance of commercial buildings.
The Registry (San Francisco) Clean tech meets real estate Sept. 15 at Stanford Faculty Club where Battery Ventures sponsors “Spotlight on Smart Building Technology,” an event to explore emerging know-how in commercial-property lighting, mechanical building systems and managing the electric grid.
Tech Crunch Luxury floral subscription service H.Bloom $4.7 million led by Battery Ventures with participation from existing angel investors, including Brian Lee, the founder of ShoeDazzle and LegalZoom; and Anton Levy, partner at General Atlantic, and board member of Gilt Groupe. This brings H.Bloom’s total funding to $8 million.
Earlier this summer, Zerto launched a bold reinvention of business continuity and disaster recovery (BC/DR) technology in order to meet the needs of today's virtualized data centers and cloud environments. Today, the company announces the successful completion of a $15 million Series B funding round led by U.S. Venture Partners (USVP) alongside existing investors Battery Ventures and Greylock Partners.
The New York Times - Online Most of the world’s video is now shot on smartphones, but hardly anyone shares their videos widely. That’s partly because it takes too many steps and results in too many error messages, but also because many people aren’t convinced their hand-shot clips are worthy of the Internet.
Papaioannou will work alongside Battery’s Enterprise IT investment team to help identify and create new opportunities in Cloud Computing, Big Data, analytics and the Enterprise software environment.
Giga Om Todd Papaioannou, the VP and chief cloud architect at Yahoo, has left the company for a role as entrepreneur in residence at Battery Ventures.
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced the majority purchase of Gas Measurement Instruments, Ltd (GMI), a global leader in portable and fixed gas detection products.
TechCrunch What would Craigslist look like if it was a mobile app? It might look a little bit like Blockboard, a neighborhood app which is expanding today from its initial neighborhood of the Mission in San Francisco to the rest of the city.
TechCrunch Send the Trend, a recently launched e-commerce site that brings personalization to the world of fashion accessories, is launching a new way for shoppers to curate their favorite items and make money at the same time, MyStyle.
JOOR will use the capital to expand internationally and rapidly accelerate the growth of its online network of boutiques, buyers and brands.
GigaOm What would Craigslist look like if it was a mobile app? It might look a little bit like Blockboard, a neighborhood app which is expanding today from its initial neighborhood of the Mission in San Francisco to the rest of the city. Co-founder Stephen Hooddemoed the app at our Mobile First CrunchUp today.
Zerto today announced the official launch of the company and provided the first details of its replication technology.
Bloomberg Radio Network Roger Lee, a managing director at Battery Ventures, speaks with Bloomberg's Douglas MacMillan about how initial public offerings are fueling venture capital investments in Silicon Valley.
All Things Digital Bad things happen in business, so you have to have a plan to keep things running. In enterprise IT circles this is called “disaster recovery” and “business continuity.” Fire, floods, earthquakes, terrorist attacks: You name it, every type of unplanned disaster known to man has its business impact, and that puts businesses in the uncomfortable and often expensive position of having to plan for the worst kind of “what-if” scenarios.
XtremIO, developer of next generation storage solutions based on Solid State technology, announced today that it has secured a $14 million financing round led by Battery Ventures, with participation from existing investors Giza Venture Capital and Jerusalem Venture Partners (JVP).
Forbes Of Web 1.0’s most memorable implosions, Webvan still takes the cake. The online grocer raised $375 million in an IPO, descended upon eight major U.S. cities, peddled a 26-city expansion plan and somehow warranted a $1.2 billion market cap—all with the burn rate of a ticking time bomb.
Sports Illustrated Tennis Channel has come of age, and at the perfect time: during a Grand Slam event, with the whole world watching.It has been a remarkable thing to witness. At this early stage of the French Open, TC has scored a clear-cut victory over ESPN, and this is no TKO. It's a full-blown knockdown.
The popular last-minute mobile hotel-booking app today announced it now offers last minute deals at several Las Vegas hotels.
TechCrunch Zynga is continuing its shopping spree today with the acquisition of social game developer DNA Games, marking its 14th acquisition in the past 12 months. It’s important to note that this is an actual acquisition of both the talent and company, as opposed to the recent ‘acq-hires’ Zynga has been making in the past few months. Financial terms of the deal were not disclosed.
The New York Times When Emily McNish shopped for jewelry online, she was overwhelmed by the options while searching for “gold necklace” on e-commerce sites or Google. Then she found a Web site called JewelMint that she lets shop for her.
HotelTonight, specialists in last-minute mobile hotel bookings at quality hotels, today announced it has secured a $3.25 Million Series A investment.
Send the Trend, an innovative e-commerce company that offers a customized selection of women’s fashion accessories, has raised $3 million in Series A funding led by Battery Ventures and supplemented by several other industry executives and entrepreneurs as well as Founder Collective.
TechCrunch Send the Trend, a recently launched e-commerce site that brings personalization to the world of fashion accessories, has raised $3 million in Series A funding led by Battery Ventures with a number of angels participating in the round, including Founder Collective. Send the Trend is also launching an updated site, featuring a new UI and more social experience, including voting, social sharing, one screen checkout and more.
ExactTarget, a global provider of interactive marketing solutions, announced today it continued record performance in the first quarter, increasing revenue 52 percent year over year.
TechCrunch Email marketing software giant ExactTarget has raised$30 million in new financing led by Technology Crossover Ventures with Battery Ventures, Scale Venture Partners and Greenspring Associates participating in the round. This brings the company’s total funding up to$208 million.
Giga Om
Viddy, an iPhone app for editing and sharing mobile videos, is set to close on $1.5 million in first round financing from a group of investors that includes Battery Ventures, Bessemer Ventures, and Qualcomm, according to CEO Co-founder Brett O’Brien.
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced that Google has acquired Cambridge, MA-based portfolio company ITA Software.
Forbes Much has changed in two years, when Forbes last published its list of top venture capitalists. Secondary markets surfaced. Founders dragged their feet to exit. Fresh competition emerged abroad and from a new flock of angel investors. Firms shrank and returns declined. These 100 investors buck those trends, create wealth and fund the new ideas that keep our economy vibrant.
San Francisco Chronicle Where, wondered Maggie Bankson, should she go on her honeymoon? There were a couple of factors to consider. Her fiance wanted to spend some time relaxing at the beach. Bankson, a travel lover who prefers hostels over resorts, wanted to immerse herself in a country's culture.
TechCrunch Can you see the difference between these two shirts? One is an off-the-shelf Zegna men’s dress shirt that sells at Neiman Marcus for $395. The other is a custom-fitted shirt from men’s clothier startup J. Hilburn made from exactly the same material, but it only costs $99. And it’s made to measure.
TechCrunch STELLAService, a startup that measures,rates and highlights the quality of customer care of online businesses, has raised $2 million in early stage funding.
STELLAService, the first independent customer service ratings provider for online retailers, today announced that it has raised $2 million in early stage funding, led by institutional investors Battery Ventures and DFJ Gotham Ventures.
TechCrunch Exclusive - STELLAService, a startup that measures, rates and highlights the quality of customer care of online businesses, has raised $2 million in early stage funding.
Press release Glassdoor Inc., which owns and operates Glassdoor.com, today announced it has secured $12 million in Series C funding led by Battery Ventures with participation by existing investors Benchmark Capital and Sutter Hill Ventures.
FirstFuel Software, the commercial building energy analytics company, today announced the closing of a $10 million round of financing. RockPort Capital led the round and was joined by existing investors Nth Power and Battery Ventures. The investment will support FirstFuel’s rapid expansion in the utility and government markets, and will accelerate product development efforts to expand the capabilities of its Rapid Building Assessment (RBA) platform.
List of Top Private Digital Media and Ecommerce Companies Names Eight from Battery; BlueKai Named B2B Company of the Year
TechCrunch This year’s fourth annual Crunchies Awards have just concluded, and we’re happy to say that it was an overwhelming success. For those who weren’t at the event or watching our livestream, we’ve included the list of nominees and winners below.
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced the promotion of Chelsea Stoner from Vice President to Principal. She is based in the firm’s Menlo Park, CA office, and focuses on growth equity and buyout investments in the software and digital media markets, with a particular emphasis on SaaS and healthcare software.
NRF: Retail's BIG Blog Can we trust our consumers to know what they want? Brian O'Malley of Battery Ventures posed that question to the panel in Monday's session on crowdsourcing. He recalled that Henry Ford had once said that if asked for their opinion, people would ask for faster horses. However, comparing today's consumers with Ford's customers isn't really fair.
Today Groupon announced that it has completed a $950 million round of financing. Groupon will use the funds to fuel global expansion, invest in technology, and provide liquidity for employees and early investors.
Forbes- Online In the mid-1990s, Ariba was among the first companies to show how the Internet could be a strategic business tool, helping companies save money on their “indirect spend” on paper clips, printer paper and janitorial supplies every business procures.
AlwaysOn The venture capital industry is clawing its way back after a ten-year drought. AlwayOn's editors unveil the top 100 venture capital firms that are leading the comeback and proving that high-growth private company investment opportunities still exist for the wise and disciplined VC.
Forbes So you’ve scored an introduction to a Venture Capitalist and need to pull together a pitch deck that conveys the dire investability of your revolutionary, billion-dollar idea.
GigaOm Both corporate IT and web operations geeks matter greatly to you if you are building a technology start-up because these are your customers but, depending on what you are building, you may not be able to or want to span web/corporate IT divide in version 1.0.
All Things Digital Last week, BoomTown sat down with former Myspace exec Travis Katz to talk about the private beta launch of his new start-up, Gogobot. No, it’s not a robot from Google–it’s a social travel site, which uses friends to enhance the travel-planning experience.
TechCrunch In a city like New York, there are two main options to get floral bouquets in your home on a regular basis. You can make arrangements with your neighborhood’s floral shop, which can easily run north of $125 per pop. Or, if price is a factor, you can drop by the local bodega or deli shop to pick up a few bunches. The prices can be as little as $10 for a dozen roses— but as they say, you often get what you pay for.
Battery Ventures today announced it has led a $2.1 Million Series A investment in H.BLOOM, Inc., (http://www.hbloom.com), the first locally-focused flower subscriptionservice, with participation from H.BLOOM’s existing investors.
On October 28, we assembled a unique panel of pioneers, experts and visionaries from Gawker, Thrillist, Spanfeller Media Group, and Guardian News and Media North America in front of some of NYC's brightest: the curators, publishers, technology buyers and entrepreneurs who are rethinking content publishing.
Wall Street Journal It seems about time for private equity investors to take a closer look at venture-backed companies. Let us count the reasons: Many venture funds raised during the dot-com bubble are nearing the end of their natural life and raising new funds is difficult for all but the top firms. Limited partners seem to be losing patience with some general partners.
Bloomberg Businessweek Shoppers cannot buy shirts by J. Hilburn, a Dallas startup that sells custom-made menswear, in any retail stores, on Amazon.com, or anywhere else online, for that matter. Nonetheless, the company expects to sell 60,000 of them in 2010.
Redwood Systems, a pioneer of network-based lighting power and control systems, today announced it has secured $15 million in Series B financing to enhance its innovative commercial lighting technology, grow its footprint in key markets, establish strategic sales channels and expand into international markets.
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced it has purchased Data Innovations, the worldwide leader in clinical laboratory middleware software.
Press release Battery’s Distinguished and Consistent Track Record in Backing Technology Companies and Flexible Approach to Investing Among Criteria for Selection
TechCrunch Angie’s List, which offers consumers a way to review and rate doctors, contractors and service companies on the Web, has raised another big round. The privately-held company this morning announced that it has secured a $22.5 million equity financing round from “multiple institutional investors”, including Silicon Valley firm Battery Ventures.
Press release Angie’s List today announced that it has closed on a $22.5 million equity financing round. The privately held, Indianapolis-based company said multiple institutional investors contributed to the round.
Wall Street Journal A rise in networking speeds is breathing life into a new category of network monitoring products, and VSS Monitoring Inc. has benefited as venture capital firms take notice.
GigaOm VSS Monitoring, a network traffic monitoring company, has taken $20 million in funding from Battery Ventures. The funding was the first for the company which was founded in 2003 and the funding will be used for R&D and company expansion. Its investors call it a unicorn.
Forbes
GigaOm A rift has developed between the web and enterprise IT. Changes in the source of IT innovation and enterprise purchasing habits mean a business plan focused on selling to Google and Facebook is just as likely to fail as one aimed at JPMorgan and Goldman Sachs.
GigaOm Smooth-Stone, an Austin, Texas, based company building servers using the chips found inside cell phones, has raised a $48 million initial round of funding from ARM, Advanced Technology Investment Company, Battery Ventures, Flybridge Capital Partners, Highland Capital Partners and Texas Instruments.
The New York Times A group of investors, including companies from the United States, Europe and the United Arab Emirates, has formed in a bid to disrupt one of Intel’s most lucrative franchises.
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Press release RealPage, Inc. (Nasdaq:RP) today announced its initial public offering of 12,300,000 shares of its common stock at a price to the public of $11.00 per share. The shares will begin trading on Thursday, August 12, 2010, on the NASDAQ Global Select Market under the ticker symbol "RP."
Inc. For one reason or another, you're going to need an attorney at some point. Here are tips on finding the best one to fit your needs.
Press release Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced it has sold its ownership stake in online elder care referral service, A Place for Mom, to international private equity firm Warburg Pincus.
ABC News- Online Every company starts small. Facebook began as a Harvard networking site, Starbucks as a small Seattle coffee shop and Microsoft was famously started in a garage by a college dropout. It's easy to explain in retrospect what made these companies succeed. But looking in real time at a cluttered landscape of fiercely competing small businesses, it's difficult to pinpoint potential winners. ABCNews.com asked savvy venture capitalists for their predictions for the big companies of the future. Here are five of their top choices.
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AlwaysOn Introducing 50 East Coast venture capitalists who get it—and have the ROI numbers to back it up.
Press release Battery Ventures Leads New Round in Infrastructure Automation Start-up; Sunil Dhaliwal to Join the Opscode Board of Directors
Press release SafetyWeb (www.safetyweb.com), the leading Internet safety, identity and reputation protection service for parents, announced today that it has completed an $8 million round of funding led by Battery Ventures with participation from First Round Capital.
GigaOm So far this week two storage startups offering a hardware product have launched in as many days, both offering variations on the theme that more data requires more storage and faster networks require faster access to stored data. The trend has been building for years.
The New York Times SPACKLE should never be used as toothpaste. And Spanky was the only member of the Little Rascals brave enough to donate his brain to science during World War II.
GigaOm While at some point, dynamically moving VMs inside a single data center or between two data centers will be a seamless process, it’s not now. In the meantime, however, there are numerous opportunities for startups to offer solutions that will help make such seamlessness a reality.
GigaOm VC investing in networking and communications has fallen out of favor, decreasing faster than VC investment in technology overall. Indeed, there just aren’t that many new ideas walking in the door. So can networking be made cool again. It can, and here’s why.
The New York Times Social buying, the hot trend in e-commerce today, had an inauspicious beginning. Eighteen months ago, it seemed like Andrew Mason’s site ThePoint.com wasn’t going anywhere.
All Things Digital Groupon, the social buying site that has become one of the hotter start-ups of late, has gotten a giant round of funding from the same Russian investors that backed social networking powerhouse Facebook and game phenom Zynga.
Press release GROUPON RECEIVES $135 MILLION FROM DST AND BATTERY VENTURES Investment to Support Rapid Growth of Social Commerce Globally
Forbes The next time Google's search users go hunting for, say, a new flat screen TV or a video camera, they'll notice something new: a floodgate of user recommendations.
Silicon Alley Insider A few weeks ago, we highlighted many of the cool startups that have popped up in New York City in recent years. And now we turn to Silicon Valley.
WSJ VC Dispatch The semiconductor industry has been falling out of favor with venture capitalists, especially during the recession, since these companies often require huge amounts of upfront capital to design and manufacture the chips, while investment returns remain less than stellar.
Press release MaxLinear Inc. (NYSE:MXL), a provider of radio frequency (RF) and mixed-signal IC solutions for broadband communications applications, today announced the pricing of the initial public offering of 6,444,100 shares of Class A common stock at a price to the public of $14.00 per share.
Press release Battery Ventures Partner and Former Google Manager Leads Latest Round of Financing
Press release Noted technology executive, former CEO of BladeLogic and former president of BMC Software brings more than a decade of senior executive level experience in leading software companies through rapid growth.
Press release Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced that is has closed its ninth fund, BV IX, at its $750M target. This brings total committed capital in Battery’s nine funds to nearly $4 Billion. Battery invests out of offices in Waltham, MA, Menlo Park, CA and Herzliya, Israel.
The New York Times The venture capital industry may be shrinking, but Battery Ventures is growing. Battery, which has offices in Massachusetts, Silicon Valley and Israel, has closed a $750 million fund, the firm’s ninth. It will invest the money in both new start-ups that need a few hundred thousand dollars to get off the ground and mature companies that need $50 million.
Press release ITT Corporation (NYSE: ITT), a global leader in the transport and treatment of water, wastewater and other fluids, today announced its agreement to purchase Nova Analytics Corporation. Nova Analytics is a privately held, leading manufacturer of premium quality laboratory, field, portable, and on-line analytical instruments used in water and wastewater, environmental, medical, and food and beverage applications. Financial terms of ITT's agreement were not disclosed.
Xconomy If you change your tech startup’s name, you might get a one-line notice from the business press. If you get a prominent firm to invest in your technology, particularly if it’s a sizeable amount or if it’s your first big round of funding, we’ll probably write a paragraph or two.
TechCrunch We wrote about the power of brand buzz on social media sites yesterday, and one contributing aspect to buzz are individuals who are “influencers,” similar in some ways to the trend that Malcolm Gladwell highlighted in The Tipping Point.
Reuters Venture capitalists were never very interested in the retail sector, but they are now taking a second look, focusing on a new generation of online retailers and the next wave of technology to help stores optimize how they run their businesses.
The Wall Street Journal Late last week, Lawson Software announced it would pay $160 million to buy Healthvision Solutions, a healthcare software maker owned by parent Quovadx Holdings and backed by venture-capital firm Battery Ventures. While the companies aren’t well known and the sums involved aren’t huge, the deal exemplifies how some venture capitalists are profiting by deviating from investing in young companies and instead doing buyout-type deals with more mature companies.
The New York Times After hibernating for the last year, Silicon Valley’s venture capitalists are beginning to stir.
WSJ VC Dispatch At last week’s VentureWire Technology Showcase, a number of cash-rich tech companies – Cisco, Qualcomm, SAP and Symantec, to name a few – signaled they’re hungry to buy start-ups. Other tech giants, like Google and Microsoft, have also declared a planned step-up in their acquisition paces.
Press release Partner from Goodwin Procter Brings Broad Technology Experience with Public and Private Companies, Private Equity Firms
Press release Former Kagoor Founder and Battery Entrepreneur in Residence Joins Team; Firm Expands to New Office in Herzliya
Wall Street Journal Venture capitalists are not exactly known for backing fashionable clothing retailers, but lately they’ve been dressing up these companies for success. In April, Battery Ventures invested $4 million in men’s clothier J. Hilburn LLC, whose product line includes custom-tailored dress shirts made from luxurious Italian fabric. That same month, Bonobos Inc., an online retailer for what it calls “awesome-fitting trousers,” secured $3 million from Sandwith Ventures and others.
Forbes Traditional brands may get the last laugh--or at least the richest laugh--on social networks. So far, companies such as Facebook and Twitter have attracted all the buzz for creating social networking. Making money, however, has proved more challenging. Using Facebook and Twitter is something like hosting a big cocktail party, observes Brett Hurt, founder and chief executive of Austin-based Bazaarvoice, which offers user-generated review platforms and expertise to other businesses. "But nobody shops at a cocktail party."
MIT Technology Review Financial conditions for technology startups have been cool, to say the least, since the economic crisis began. But now, buoyed by two recent public offerings, venture capitalists are showing a renewed interest in fledgling technology firms.
WSJ VC Dispatch A closed-off IPO market is allowing some later-stage venture capital firms to buy into private companies that in past years might already be public. Such is the case for Battery Ventures and Scale Venture Partners, which have participated in a $70 million venture capital round for ExactTarget Inc., an email marketing company that has been in registration for an initial public offering since 2007.
Press release Company to Use Funds to Fuel International Expansion, Accelerate Customer-Focused Innovation
The Marker
Wall Street Journal Venture investors have rarely paid much attention to clothes retailers, but with three recent deals they’ve assembled an entire outfit – and quite a chic one at that.
Press release Custom Men’s Clothier Delivers Luxury Products to Consumers for Half the Price of High-End Retailers Funds Will Fuel Expansion into New Cities and Product Lines
Wall Street Journal: Digits The venture capital community is feeling some culture shock as it prepares to go after billions in government stimulus funds for tech and telecom startups.
Press release Online Data Exchange Business Prepares for Growth and Increasing Demand for More Efficient Marketing
Press release Zayo Group, a regional provider of fiberbased bandwidth, announced today it has signed an agreement to acquire network assets in six markets from Bridgeport, West Virginia-based, Citynet. The acquisition—Zayo’s eleventh since July 2007—is expected to close at the end of this month.
Press release Four Investors Promoted as Firm Continues Growth
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Press release General Partner & Additional Investment Team Member Relocate from US; Firm Views Israel along with India as a Strategic Hub of its Global Investment Platform
Venturebeat Aerial surveillance startup Insitu surprised everyone Tuesday when it said that it would sell to Boeing, one of the world’s largest aviation firms. The company, which makes unmanned aerial vehicles (UAV), had been expected to go through an IPO within a year or two.
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Press release Market leader in business management solutions for medical industries secures strategic financing to fuel organic growth and acquisition strategy
Press release World Golf Tour (www.worldgolftour.com), creators of the world’s most authentic online golf experience, today announced Panorama Capital, a Menlo Park, Calif.-based venture capital firm, as its lead investor in the Series B funding round. The new funding also includes participation from current investor Battery Ventures.
USA Today As the signs of a recession increase, start-ups and their venture capital backers aren't panicking. But they've learned the harsh lessons of the great dot-com crash of 2001, and they're girding to endure some economic pain.
Boston Globe Battery Ventures, which has offices in Boston, has invested $35 million in Angie's List, a Web site that reviews and rates service providers.
Press release Additional capital to be invested in aggressive growth and marketing
Press release Battery Ventures Leads B-Round for SaaS e-Procurement Leader; Mark Sherman to Join Boar
Bloomberg News Initial public offerings for startup businesses fell to the lowest level in almost five years in the first quarter as the stock market slump kept investors from providing capital to fledgling medical and technology companies.
Wall Street Journal After falling for two years in a row, the percentage of venture deals with five or more investors rose in 2006 as firms scrambled to back companies poised to go public or be acquired.
The Wall Street Journal Michael Berkley likes to joke that he is responsible for Sen. Hillary Clinton's March 4 presidential primary wins in Texas and Ohio. Berkley is the chief executive of SplashCast Corp., a start-up that builds advertising campaigns around social media widgets than can spread virally through the Web. And, it just so happens that a group of Clinton supporters launched a Web site the week of the primaries using SplashCast technology.
The New York Times ONLINE shoppers who can’t decide whether to pull the trigger on their next purchase may be surprised at a new alternative: an offer to get it free.
paidContent.org Lotame, a behavioral targeter that focuses on social networking sites, has raised a “multi-million” first round funding; a source tells us it’s roughly $10 million. The round was led by Battery Ventures, with participation from existing investors Hillcrest Management and Betaworks. The company raised around $2 million in angel funding in November 2006.
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GigaOm The time to prove that widgets can make money is here. But much like the early days of banner advertising, when people just sold whatever unused space they had, the world of widget ads is a Wild West with no set sizes, rules about placements, or even defined success metrics.
Fortune
Forbes Anybody can fund a Web company. Silicon Valley venture capitalists pumped $30 billion into 2,600 new ventures last year--surely there were some surprises among all those social networks and green technology plays?
Forbes Anybody can fund a Web company. Silicon Valley venture capitalists pumped $30 billion into 2,600 new ventures last year--surely there were some surprises among all those social networks and green technology plays?
Forbes
The New York Times Chris Sacca had a plum job as the Wi-Fi guru atGoogle. But with his stock options fully vested, he left the Internet search company this month for a new career as a venture capitalist.
Press release Company Focuses on Power Electronics for Renewable Technologies
Wall Street Journal
Press release Series A Financing to Fuel Team and Operations Growth of Israeli Fabless Semiconductor Firm
CFO
Businesswire Battery Ventures Completes Acquisition; Leadership Team Primed for Growth
Boston Globe Battery Ventures has a lot on its plate over the next couple of weeks. The big Waltham venture-capital firm has one company in its investment portfolio, Netezza Corp. of Framingham, on the schedule to go public Wednesday. Another Battery portfolio company, BladeLogic Inc. of Waltham, is expected to launch its initial public stock offering the following week.
Neeraj Agrawal, Michael Brown and Sunil Dhaliwal Appointed General Partner; Firm Closes Eighth Fund at $750 Million
Press release Fund VIII will Focus on Technology and Technology-enabled Businesses at all Stages; Firm Promotes Three Partners to General Partner
Entrepreneur Entrepreneurs were the big winners in 2007, receiving more than $7 billion in venture capital a quarter for four straight quarters--a phenomenon not seen since 2001. Venture capitalists invested $29.4 billion in 3,813 deals in 2007, a 10.8 percent increase in dollars and a 5 percent increase in deal volume over 2006.
Press release VeriSign’s Matt Niehaus Joins as Partner; Google’s Satya Patel Joins as Senior Associate
Reuters Quovadx Inc. QVDX.O said it has agreed to be acquired by Quartzite Holdings Inc., a unit of Battery Ventures, for $136.7 million.
Press release Former Portfolio Company Executive Joins Team to Pursue Opportunities in Optimization Software
Dealmaker Magazine Midsize Battery Ventures — quietly performing groundbreaking work — has won the support of private equity’s biggest player.
The New York Times FACING down stiff competition to win fame and big prize money? Forget singing for Simon Cowell and Paula Abdul. Try sequencing DNA for a panel of technology investors.
San Jose Mercury News Last year was the best for venture-backed initial public offerings since the bubble burst, and this year looks even better. So why are venture capitalists so gloomy about IPOs?
Wall Street Journal Venture capitalists are reaching into a new bag of tricks to cash out of their investments.
SiliconBeat
Silicon Valley/San Jose Business Journal Battery Ventures said Monday it led a $23 million third-round investment in The Insitu Group Inc., which makes unmanned aerial vehicles for intelligence, surveillance and reconnaissance.