loudera has raised $65M to further fuel Hadoop adoption and expand its European operations. The new round led by Accel Partners, brings the total raised to $140 million. Existing investors Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners all participated in the round. → Read More
It seems like there are an infinite number of marketing tools competing for local businesses’ attention nowadays. An AngelPad-incubated startup called LocBox helps those businesses manage their efforts in a way that’s focused on acquiring customers and driving revenue — and it just raised $5.1 million in Series A funding.
The round was led by InterWest Partners, with participation from Google… → Read More
A bit like waiting for a London bus, you wait forever to pitch a London VC, and then eleven turn up at once.
In what appears to be somewhat unprecedented, and perhaps signals a new era of co-operation, eleven London VCs have joined forces to hold a shared office hours this Wednesday, offering a fantastic opportunity for local startups to (finally) get in front of and pitch to a VC. → Read More
This week, Splice Machine raised $4 million to develop its SQL Engine for big data apps. MongoHQ raised $6 million for its database as a service. A third startup, Bloomreach, announced $25 million in funding for its big data applications. → Read More
Today Trifacta, a company building a cross-platform interface for dealing with big data, announced that it received a $4.3 million investment from the Accel Partners Big Data Fund. The company also raised money from X/Seed Capital, Data Collective LLC, Dave Goldberg, Venky Harinarayan and Anand Rajaraman.
Trifacta is a team of computer scientists with deep experience in data visualization… → Read More
Tenable Network Security, which was founded back in 2002, has raised its very first round of institutional funding — specifically, a $50 million Series A from Accel Partners.
Accel makes it share of normal venture investments, but it also likes to find mature, bootstrapped companies and offer them big checks. (Other deals in this vein include the $60 invested in Atlassian and the $70 million… → Read More
Qualtrics has released its Site Intercept technology. It’s a hallmark event for the family run Provo, Utah company. Now it’s time to see if it really will disrupt the stodgy world of market research and change the way we view the ways data gets collected and acted upon in real-time for online marketing purposes.
Accel Partners and Sequoia Capital have a $70 million bet that the company can do… → Read More
Do thoughts of Hadoop send you into a tizzy? Do petabytes of data make you wild?
If so, then we have just the thing for you. Accel Partners, the firm that will be scoring a touchdown this month with Facebook’s IPO, is holding a big data conference next week.
It’s a one day event at Stanford University on May 9 from 9 to 5 p.m. There will be discussions and fireside chats with entrepreneurs… → Read More
After debuting a new $100 million big data initiative, Accel Partners is expanding its presence in another areas, though this time in a geographic region of the world. Accel is closing its third India fund, totaling $155 million, to invest in seed and early-stage opportunities in the region.
Accel previously launched two India funds. The most recent fund was launched in 2008 and totaled $65… → Read More
Accel Partners has steadily been making investments in infrastructure and companies looking to manage big data for the enterprise, including funding Cloudera, CouchBase, and even Fusion-IO. But there’s no doubt that more and more startups are launching to help businesses manage massive amounts of data as technologies like Apache Hadoop become more popular. Today, Accel is launching a $100 million… → Read More
Braintree, an Accel-backed online payments provider, is announcing a new CEO today—payments exec Bill Ready. In July, Ready joined Accel as an Executive in Residence to bring his payments expertise to the firm’s portfolio companies and investment strategy.
Braintree, which just raised $34 million from Accel Partners, essentially powers and automates online payments for merchants and companies… → Read More
Jim Breyer, a partner of venture capital firm Accel Partners, has been nominated for election to the board of directors of media conglomerate News Corporation, the company announced this morning.
Breyer will stand for election at News Corp’s annual meeting of stockholders on October 21, 2011 in Los Angeles, California. The company also said that directors Kenneth E. Cowley and Thomas J. → Read More
Accel Partners has made a major investment in Dealer.com, a company that provides SaaS marketing solutions to auto dealers. Accel partner Todd MacLean will join company’s Board of Directors as part of the transaction, which is estimated to be north of $30 million.
Based in Burlington, VT, Dealer.com sells a SaaS application that manages auto dealers’ web presence from start to finish. → Read More
After adding online payments exec Bill Ready as an Executive-In-Residence, Accel Partners is shoring up another area of expertise with the addition of former Salesforce.com executive Chuck Ganapathi as the firm’s newest Entrepreneur-in-Residence. At Accel, Ganapathi, who was the creator of Salesforce’s “Facebook for the Enterprise” Chatter, will focus on developing a company in the social… → Read More
Demand for private company shares declined in the second quarter versus the first quarter but was up sharply year-over-year, according to a new report released today by SecondMarket. The market for private company stock saw $112 million in transactions last quarter, versus $156 million in the first quarter, or down 39 percent sequentially. On an annual basis, however, it was up 120 percent over… → Read More
Accel Partners has been making major investments in a number of online payments companies, including Wonga, e-payments company Yapstone, and most recently, online payments company Braintree. In fact, payments is one of the main investment themes that Accel is targeting in its funding strategy. So it’s not surprising that the venture firm is staffing up on experienced talent to help find the next… → Read More
Mega funds are back. Accel Partners closed two funds today for a total of $1.35 billion in new capital. The funds are Accel XI, which raised $475 million, and Accel Growth Fund II, which raised $875 million. Other VC firms with recent billion-dollar funds include Sequoia, Greylock, and Khosla is raising one as well.
It took less than two months to raise the $1.35 billion. The fundraising… → Read More
Accel Partners has a long, and well-known history of making solid investment bets on popular consumer facing web and mobile platforms, including Facebook, Groupon, Etsy, Trulia and Angry Birds. But the firm is also making significant movements in the enterprise cloud storage and infrastructure space with investments in Cloudera, Couchbase, Nimble, Springsource, Atlassian, and DropBox. The fact is… → Read More
Any seasoned investor knows that past performance is not indicative of future returns. That is as true with public stocks as it is with venture capital firms. But if someone were to ask you to rank the top VC firms today based on their probability of success, how would you do it? Remember, looking at past returns won’t help you.
Chris Farmer, a VC at General Catalyst Partners, has come up with a… → Read More
Accel Partners has invested $35 million in the crowdsource design service 99designs– a monster of a series A. Of course, 99designs is not your average early-stage startup. Born in Melbourne, Australia out of an older company called sitepoint.com, 99designs is bootstrapped, profitable and growing revenues at a rate of about 120% a year.
A few strategic angel investors also participated including… → Read More
Proof that online fashion remains a hot space, StylistPick, the fashion buying site that offers members a personalised offer each month, has raised $8 million in a Series A round co-led by Accel Partners and Index Ventures.
Founded in 2010, Stylistpick offers a neat take on the fashion club model: Customers signup to StylistPick and are asked to take a short quiz to “identify their fashion… → Read More
Rovio, the Finnish entertainment media company who famously operates the Angry Birds franchise, has raised $42 million in Series A funding.
The round was co-led by Accel Partners and Atomico Ventures, the VC firm created by Skype co-founder Niklas Zennström, who will be joining Rovio’s board. ‘Super angel fund’ Felicis Ventures also participated.
Currently, Angry Birds is played by 40 million… → Read More
Qriously, a service that lets brands measure location-based public opinion, has raised $1.6m in a new funding round led by Accel Partners. Amalfi Capital also participated, while the London-based startup is originally backed by Pacific Tiger Group.
Through its SDK offered to mobile app developers, Qriously lets advertisers display questions instead of traditional mobile ads so that they can… → Read More
Qriously, a service that lets brands measure location-based public opinion, has raised $1.6m in a new funding round led by Accel Partners. Amalfi Capital also participated, while the London-based startup is originally backed by Pacific Tiger Group.
Through its SDK offered to mobile app developers, Qriously lets advertisers display questions instead of traditional mobile ads so that they can… → Read More
In case you missed it, being a super angel is officially passe. The new hotness is having a late-stage growth cash. Sequoia Capital is doing it. Andreessen Horowitz is doing it. Kleiner Perkins Caufield & Byers is doing it. Accel is doing it. Hell, even Chris Sacca is somehow doing it.
Greylock is the latest to officially join the club, with news today of an expansion to its current fund… → Read More
GetJar, the independent, cross-platform app store provider, this morning announced that it has raised $25 million in Series C funding from Tiger Global Management and longtime backer Accel Partners.
I caught up with founder and CEO Ilja Laurs at the Mobile World Congress in Barcelona to talk about how his business has grown since the last time I did a video interview with the charismatic… → Read More
A Chicago-area startup that sells natural consumer goods online, Abe’s Market, closed a $3.4 million series A investment the company announced today. Accel Partners led the round, joined by the company’s earlier investors, Index Ventures and several angels.
Abe’s Market calls itself the equivalent of an online farmer’s market, and focuses on selling non-food category natural products like… → Read More
Data center automation is a hulking $14 billion segment of the enterprise IT industry dominated by hulking giants like IBM, HP (through its $1.6 billion Opsware acquisition), BMC (through its $800 million BladeLogic acquisition in 2008), and VMWare. Companies often have thousands of servers, both physical and virtual, that need to be managed, and on top of that they are trying to keep track of… → Read More
Andy Dunn is part Indian and part European. He’s tall and slender, but he has surprisingly meaty thighs. As a result, he could never find pants that fit well. European cut pants were too tight but when he tried to wear American cut pants he felt like he was swimming in billowing fabric. And if he spent all day shopping to find great pants, he didn’t feel great afterwards. “If I spent a Saturday… → Read More
In the venture business being ahead of your time can be almost as bad as being late to a market. But the other great thing about the venture business is there are exceptions to every rule. Craig Donato is hoping that Oodle is the exception to that one. He’s spent more than ten years building a social classified company, powering the marketplaces for Oodle.com, MySpace and Facebook and growing to… → Read More
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