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 ...
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.
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.
H.Bloom Cuts Down on Dead Flowers With Software Picking Lilies
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.
The next chip battleground: Data centers
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.
Wayfair Raises $36 Million in Search of Home Decor Dominance
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.
Diablo Named ‘Hot Storage Start Up’
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.
Plotting a BI Coup, Hadoop startup Platfora Raises $20M
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 Ventures e-Commerce Survey
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.
Priced to Move: What Trulia Teaches About Going Public
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.
E-Tailor Startups Challenge Amazon in $200 Billion Market
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.
Y-Combinator Backed Chute Lands New Funding from Freestyle Capital, Battery Ventures, U.S. Venture Partners and Strategic Angels
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.
Battery Ventures Promotes Chelsea Stoner to Partner
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 Invests $20 Million in SaaS Leader Avalara
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 Jump-Starts Avalara With $20 Million in Capital
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.
Like modern web apps, start-ups are distributed systems
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 to Acquire VSS Monitoring
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.
Rogue Wave Software Acquires ILOG Visualization C++ Products from IBM
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.
7 Boston VCs make Forbes’ Midas List
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.
The Forbes Midas List: 2012′s Top Tech Investors
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.
Battery Ventures Hosts: Big IT Meets Big Web
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.
IaaS funding resurfaces as SingleHop raises $27.5M
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 Secures $27.5 Million Investment Led by Battery Ventures
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.
Meet Sprinklr, the biggest social media management biz you’ve never heard of
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.
ExactTarget Prices Initial Public Offering
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 VCs: IPO window is officially open
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 Raises $12.6 Million to Fund Market and Company Expansion
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.
Top Investors Join Early Financing of Backplane
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.
Ex-Yahoo cloud chief gets $2.5M for stealthy data startup
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.
VCs Take Shine to Lipstick Economy Startups
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.
H.Bloom Wants to be the ‘Netflix of Flowers’
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.
Investors in start-ups score big despite slump
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.
Venture Capital Looks for Problem-Solvers
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.
Battery Bets on 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.
Battery Leads $4.7M Round In Floral Delivery Service H.Bloom
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.
Viddy: Like Instagram, but for Videos
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.
Venture Capitalists Ride Boom in Technology IPOs
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.
Israeli Start-Up Zerto Aims to Bring Disaster Recovery to the Cloud
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.
CSN Stores Raises $165 Million First Round to Expedite Expansion & Bolster Branding
CSN Stores, one of the largest online retailers of housewares and home furnishings in the U.S., announced today that it has raised $165 million in funding from four investment firms to increase its ongoing expansion both internationally and in the U.S., target appropriate acquisitions, and drive extensive marketing around a new brand launching later this summer, Wayfair.com.
XtremIO Closes $14 Million Series B Funding Led by Battery Ventures
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).
An Online Grocer For Web 2.0. Just Don’t Call It Webvan 2.0.
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.
Tennis Channel comes of age with pitch-perfect French coverage
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.
Zynga Continues Shopping Spree; Buys Social Game Studio DNA Games
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.
Travel App HotelTonight Raises $3.25 Million From Battery, Accel and First Round
HotelTonight, specialists in last-minute mobile hotel bookings at quality hotels, today announced it has secured a $3.25 Million Series A investment. The funding round was led by Battery Ventures and includes participation from Accel Partners and First Round Capital. Additional investors include travel industry veterans Rich Barton, Erik Blachford, Brad Gerstner and Hugh Crean.
Viddy Attracts VCs With Instagram-for-Video App
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 Sells ITA Software to Google
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.
3 Battery Partners Make FORBES Midas List
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.
Gogobot takes off on social travel planning
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.
Battery Ventures Promotes Chelsea Stoner to Principal
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.
Groupon Raises, Like, A Billion Dollars
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.
Coupa Taking The Amazon.com Approach
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.
Introducing the 2010 Venture Capital 100
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.
Keys To Crafting A Winning Venture Capital Pitch
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.
Essentials for Selling IT to the Geeks in Suits and Geeks in Black
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.
Floral Delivery Service H.Bloom Picks Up $2.1 Million In Series A Funding
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.
Digital Dollars and Sense: Cashing in on Content
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.
VC Sellers, PE Buyers Strain To Meet In The Middle
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.
Redwood Systems Secures $15 Million Series B Funding
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.
Angie’s List Attracts $22.5 Million in Investments
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.
VSS Gets $20M to Keep an Eye on Corporate Networks
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.
Meet The Fastest Growing Company Ever
Andrew Mason figured out how to inject hysteria into the process of bargain hunting on the Web. The result is an overnight success story called Groupon.
How To Find a Customer in a Divided IT Universe
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.
Smooth-Stone Gets $48M for ARM Servers
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.
Start-Up Aims to Slay Chip Goliath
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.
RealPage Prices IPO
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."
How to Hire Legal Counsel
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.
Battery Ventures Sells Stake in A Place for Mom to Warburg Pincus
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.
Budding Small Businesses Poised To Make It Big
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.
SafetyWeb Announces $8 Million in Funding Led by Battery Ventures
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.
Like Our Data, Storage Startups Are Multiplying
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.
Daily Web Deals, but With Daily Laughs
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.
The VMotion Myth
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.
Can Networking be Made Cool Again?
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.
Groupon Grabs $135M from DST and Battery
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.
Battery Invests in Groupon
GROUPON RECEIVES $135 MILLION FROM DST AND BATTERY VENTURES
Investment to Support Rapid Growth of Social Commerce Globally
The Race For Recommendations
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.
Cashing In The Chips: MaxLinear Another Win For Battery Ventures
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.
MaxLinear Prices IPO
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.
Battery Raises $750M Fund
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.
Battery Ventures Raises a Fresh $750 Million
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.
ITT Agrees to Purchase Nova Analytics
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.
VCs eschew physical stores, focus on retail tech
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.
11 Tips for Pitching VCs
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.
Venture Capitalists Prove They Have A Fashion Sense
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.
Where Social Networking Cashes In
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."
What VCs Are Investing In
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.
Busted IPO Market Presents Opportunity For Some VCs
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.
Direct, Aggressive, Informal, and Not Afraid To Fail
Three American Immigrants related industry start - ups and venture capital are trying to characterize, on the occasion of Independence Day, the high Israeli culture - Tkistit good and bad
The Clothes Make the Deal
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.
Zayo Group Acquires Citynet Fiber Network
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.
Battery Ventures Expands Israel Office
General Partner & Additional Investment Team Member Relocate from US; Firm Views Israel along with India as a Strategic Hub of its Global Investment Platform
Insitu Sells to Boeing for Reported $400M
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.
Startups Tread Cautious Economic Pathway
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.
First-Quarter IPOs for Startups at Lowest Level Since 2003
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.
Ventures Get More Syndication
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.
Candidates Stump With Start-Ups, Run With New Tech
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.
Social Net Targeter Lotame Secures $10 Million First Round
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.
Funding Slows for Software Makers
Venture capital investment in computer software start-ups is flattening as the software industry consolidates, a weakening economy clouds its sales outlook, and other sectors gain fresh attention.
Widget Me This
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.
Silicon Valley’s Coolest Investments (Insitu)
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?
Midas List ’08: Silicon Valley’s Coolest Investments
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?
Growing Up Green
The young stars of venture capital aim to do in alternative energy what their bosses once did in computing.