Norwest Venture Partners, the 55-year-old, Palo Alto, Calif.-based venture firm, has closed its third consecutive $1.2 billion fund. The group, which employs 20 investors altogether, raised the same amount in 2014, as well as in 2010.
If Norwest’s single limited partner – the banking giant Wells Fargo – likes what it sees, it’s easy to see why. Read More
from TechCrunch
On the same day that streaming rival Deezer announced a new cash injection of €100 million, Spotify has confirmed two new acquisitions, Cord Project and Soundwave. The startups are based respectively in New York and Dublin and focus on social and messaging. The acquisitions point to Spotify possibly ramping up its social features — specifically in areas like messaging. But that will… Read More
from TechCrunch
Deezer, the Paris-based music and other audio streaming service with 6.3 million users that planned but ultimately cancelled an IPO last year, has now tapped existing investors for more funding. Today the company is announcing that it has raised another €100 million ($109 million), led by Warner Music Group owner Access Industries and with participation also from French carrier Orange.… Read More
from TechCrunch
FreedomPop, the startup disrupting the businesses of traditional mobile carriers by giving people ways to use mobile devices free of any charges — is today adding another sizeable round to its coffers: the company has raised $50 million, money that it will be using to continue its global rollout beyond its home market of the U.S. and to help launch new international products, specifically… Read More
from TechCrunch
Send Anywhere, a free peer-to-peer file transfer system, is getting a power boost of its own after ESTmob, the Korea company behind the service, landed $6 million in new funding. Read More
from TechCrunch
Portland, OR-based DevOps company Puppet Labs today announced that it has secured a $22 million credit facility from Silicon Valley Bank. In addition, the company today appointed former Genentech CFO Lou Lavigne to its board, where he will be the chairman of its audit committee — a critical role Puppet had to fill as it prepares for a future IPO. While securing a large line of credit is… Read More
from TechCrunch
JFrog, a developer of open source software distribution tools, announced a $50 million round today. The investment represents a substantial jump for the company, which previously had raised $10.5 million across two rounds. Investors include Scale Venture Partners, Sapphire Ventures, Battery Ventures, Vintage Investment Partners and Qumra Capital, as well as participation from existing… Read More
from TechCrunch
Who would have thought there’s money in measuring how much food a professional kitchen throws away? But apparently there is. Don’t take my word for it, however, just point your attention to the VCs as news comes that food waste smart meter maker Winnow has bagged a further $3.3 million in funding. Investors in what the startup is talking up as an “oversubscribed” Series… Read More
from TechCrunch
MyState wants to solve the pesky problem of knowing when it’s good to call. The mobile app, launching for iOS and Android today, provides what is essentially a smarter contacts book, with icons next to each contact letting you know their current communications status. The great hope of Internet calling was to provide ‘presence’ — knowing the availability or status of… Read More
from TechCrunch
BookDoc, a new entrant to the space of online doctor bookings in Southeast Asia, has raised a seed round of financing which includes a $2 million investment from Prince Abdul Qawi, a member of The House of Bolkiah, the ruling family of Brunei. Read More
from TechCrunch