Top News

  • Friday, April 24, 2015

    Waygum Gets Strategic Investment Funding

    Dublin, California-based Waygum, a developer of mobile applications for managing industrial, Internet-of-Things applications, has raised a strategic funding round. The funding came from insurer Hartford Steam Boiler. Size of the funding and details of the round were not announced. Waygum is working on Internet-of-Things software which it says can predict and prevent equipment loss and optimize business performance. Waygum was founded by Sundar Krish.Continue →

     
  • Friday, April 24, 2015

    Funding Circle Scores $150M To Expand In US

    Funding Circle, an online lending startup which has its U.S. operations based in San Francisco, said this week that it has raised $150M in funding, to help in its U.S. expansion plans. The company also announced Salesforce veteran Chitra Nayak to head up the company's efforts in San Francisco. Funding Circle said the funding was led by DST Global, and also included Baillie Gifford, a fund managed by BlackRock, Sands Capital Ventures and Temasek....Continue →

     
  • Friday, April 24, 2015

    Fitmob Acquired By Classpass

    San Francisco-based live fitness training startup Fitmob, which was started by Snapfish veterans Raj Kapoor and Paul Twohey, has been acquired by New York-based competitor Classpass, the two announced Thursday. Financial terms of the buy were not disclosed. Classpath helps connect people with fitness tudios and gyms, whereas Fitmob was focused on community-based fitness classes led by trainers--initially focused on parks and outdoor spaces, but later added gyms and studios to its mix....Continue →

     
  • Friday, April 24, 2015

    Apigee Sees Pop On IPO

    San Jose-based Apigee saw a big pop in its IPO this morning, after pricing at $17.00 per share last night. The company traded as high as $20.00 in opening this morning on the NASDAQ Global Market, with its debut as APIC, and was trading around $18.00 mid morning. Apigee, which develops API management software and services for companies, had originally set an offering range of between $16.00 and $18.00 per share. The offering raised $87M for the company....Continue →

     
  • Thursday, April 23, 2015

    Procera Acquired By Francisco Partners For $240M

    Fremont-based Procera Networks said yesterday that it has agreed to be acquired by San Francisco-based private equity firm Francisco Partners Management. The deal is worth approximately $240M in cash. The companies said Francisco Partners will pay $11.50 per share in cash for Procera, which is listed publicly on the NASDAQ as PKT. Procera said the deal came out of an extensive process to review strategic alternatives to the company.Continue →

     
  • Thursday, April 23, 2015

    Smule Gets $38M For Music Apps

    San Francisco-based Smule said today that it has raised $38M in a new equity and debt funding for the company's music apps and social service. Smule did not say how much of the round was debt and how much was equity. The equity funding was led by Adam Street Partners and also included Bessemer Ventures and Shasta Ventures. The debt portion of the round came from City National Bank. David Welsh of Adams Street Partners joins the company's board with the funding. Smule's CEO is Dr. Jeffrey C....Continue →

     
  • Thursday, April 23, 2015

    3DR Bumps Funding Round For Drones To $64M

    Berkeley-based 3DR, announced this morning that it has upped its Series C funding to $64M, in an expansion beyond the initial $50M in Series C funding the company announced in January. The expansion was led by WestSummit Capital, and also included SanDisk Ventures and Atlantic Bridge Ventures, along with other investors. The original Series C close came from Qualcomm Ventures, Foundry Group, True Ventures, OATV, Mayfield, and Shea Ventures....Continue →

     
  • Wednesday, April 22, 2015

    Milyoni Acquired By Photobucket

    Pleasanton-based Milyoni, the developer of the social video app Madcards for mobile, has been acquired by Photobucket, the two companies announced Wednesday afternoon. Terms of the acquisition were not announced. The companies said that Milyoni CEO John Corpus becomes Chief Revenue Officer for Photobucket, and that Photobucket will set up a new Bay Area hub at Milyoni's offices.Continue →

     
  • Wednesday, April 22, 2015

    Trimble Gobbles Up HarvestMark

    Sunnyvale-based Trimble said today that it has acquired the assets of HarvestMark, a provider of food traceability and quality inspection products, from Redwood City-based YottaMark. Financial details of the buy were not disclosed. Trimble said the buy will bolsters its position in the agriculture, transportation, and logistics area in the food supply chain. YottaMark CEO Charlie Piper joins Trimble as a part of the acquisition....Continue →

     
  • Wednesday, April 22, 2015

    Onfleet Scoops Up $2M For Delivery Management Software

    San Francisco-based Onfleet, which develops a mobile platform for delivery businesses to more efficiently route deliveries, said Tuesday that it has raised $2M in a funding round. The funding came from CrunchFund, Winklevoss Capital, Stanford-StartX Fund, Lee Linden, Semil Shah, Fadi Ghandour and Andy Rachleff....Continue →

     
  • Wednesday, April 22, 2015

    Folsom Labs Finds $1M For Solar Energy Design Software

    San Francisco-based Folsom Labs, a developer of photovoltaic design software, said Tuesday that it has raised $1M in a seed funding round. The company said the funding came from industry executives, including Sheldon Kimber (Kokosing Capital, Recurrent Energy), Tim Ball (REC Solar, SunRun), and Fred Kittler (Firelake Capital). Folsom Labs develops HelioScope, a software product used to design photovoltaic arrays. Folsom Labs is led by Paul Gibbs.Continue →

     
  • Wednesday, April 22, 2015

    ZIRX Raises $30M For On-Demand Valet Service

    San Francisco-based on-demand valet parking services ZIRX said this morning that it ha raised $30M in a funding round. The funding was led by Bessemer Venture Partners, and also included Norwest Venture Partners and Trinity Ventures, plus others. Ethan Kurzweil of Bessemer joins the company's board with the funding. The funding brings its total raised to $36.4M. ZIRX is led by Sean Behr.Continue →

     
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