iYogi, an independent remote consumer tech support company based in India and New York, this morning announced that is has secured $30 million in a fresh round of financing, led by Sequoia Capital India, with existing investors Canaan, SVB Capital Partners, SAP Ventures and Draper Fisher Jurvetson participating.
For the past several weeks, there’s been a lot of talk about a large new round of funding that the social startup Tumblr was raising. That culminated today with a report in Fortune with numbers on the round. We had been hearing very similar numbers — around $25 million on a $100 million pre-money evaluation — but it turns out those numbers were likely low, we had heard from sources close to… → Read More
It’s a chaotic week for Instagram. First it becomes the darling of the app world, then its investors Andreessen-Horowitz decide to double-down on competitor Picplz instead, effectively making the company an orphan. Of course it’s one sexy little orphan half of Sand Hill Road would just love to adopt. Cue swirling rumors that Instagram is in the process of putting together a series A and even… → Read More
What makes Sequoia invest an undisclosed multi-million dollar round in a 22 year-old’s startup? The future. No, not in the sense that young entrepreneurs hold the future of our industry. Literally the future. Or to be more exact, selling advertisers future trends. Of course to pull that off one needs some precognition.
One route was to comb the earth for mutated humans and exploit their gift, but… → Read More
Memory enhancement service Evernote is loved by many, including, it appears, venture capitalists. This morning, the startup is announcing that it has raised its third institutional round of funding, and it’s a whopper:
Online ticket seller Eventbrite raised a $20 million round of funding from DAG Ventures, Sequioa Capital, and Tenaya Capital (formerly Lehman Brothers Venture Partners). DAG led the round (Sequioa led the last one). The D round is twice the amount of capital as all three previous rounds combined, bringing the total raised bey the company to $29.5 million.
CEO Kevin Hartz tells me he still had… → Read More
According to an SEC filing, DNS service provider OpenDNS has raised more capital, $4.5 million to be specific. We’ve confirmed the additional financing with the company and learned that this was an inside round handled by Sequoia Capital and Greylock Partners (they took a stake in the company in July 2009).
The last few weeks have been insane here at TechCrunch as we put the finishing touches on our next Disrupt conference, which begins September 27 in San Francisco. We’ve gone through more than 500 applicants to select the best two dozen to launch in our Startup Battlefield. Only one of them will win the coveted Disrupt Cup. The main event will be preceded by an awesome Hacakthon (sign up here). … → Read More
SolarCity today announced that it is taking a $21.5 million round of funding led by Mayfield Fund, and the company’s previous investors Draper Fisher Jurvetson, DBL Investors and Generation Capital. The company’s prior funding totaled approximately $134 million, and included investors First Solar, JP Morgan and Elon Musk.
SolarCity helps businesses, home owners and government agencies adopt solar… → Read More
Exclusive – Snaptu, the company that aims to bring a smartphone-like experience to regular handsets, hit an important milestone today: 10 million registered users.
Coincidentally, the announcement comes at a time when the startup is disclosing that it has secured $6 million in Series B funding in a round led by Carmel Ventures and joined by early backer Sequoia Capital.
As a result of the… → Read More
There’s an interesting article up on Inc.com that reveals interesting tidbits about the backstory to the 2009 acquisition of online shoes and clothing retailer Zappos by Amazon for roughly $1.2 billion in stock. The article is actually adapted from Zappos co-founder and CEO Tony Hsieh‘s new book, Delivering Happiness, while Purpose. Inc. senior writer Max Chafkin contributed additional… → Read More
People love Blippy. Well, they love to talk about Blippy. And complain about it. And argue that it’s the end of privacy as we know it. But some people do actually love Blippy, the service which lets you share you credit card transactions with the world. In fact, a number of investors do, as the service has just raised a $1.6 million round of funding.
Sequoia Capital has led a second round of funding for Outright, provider of a free and drop-dead simple online bookkeeping service, investing $5 million in the fledgling company together with returning backers First Round Capital, Shasta Ventures and SoftTech VC.
Unity Technologies, the San Francisco company behind the eponymous multi-platform game development platform, has now closed its first round of funding. The Series A financing was led by Sequoia Capital like we reported last week and apparently also included some Silicon Valley notables like David Gardner, the CEO of Atari, and Diane Greene, founder and former CEO of VMware. → Read More
In the third quarter of 2009, we saw a slight rebound in venture funding from earlier in the year. But which venture capital firms were the most active in the quarter? One of my favorite new tables in our latest TechCrunch Trends report, which is based on company data we collect in CrunchBase, is the ranking of the most active venture capital firms.
We’ve reproduced that ranking below in two… → Read More
The startup was launched in February 2009, received some initial seed funding from Y Combinator over the summer and has now raised an additional $1 million from an all-star team of institutional and… → Read More
In-text advertising technology provider Kontera has raised $15.5 million from its current investors Sequoia Capital, Carmel Ventures and Tenaya Capital, the former venture capital arm of Lehman Brothers. This is the second Israeli startup to announce multi-million VC rounds today after 5min informed the public about its $7.5 million Series B round, and once again first reported by business news… → Read More
Voice messaging company Bubble Motion has secured $6 million in financing from Palomar Ventures, for which this is the first investment in the startup, and existing investors Sequoia Capital and Comcast Interactive Capital.
Do venture investors with the biggest and best networks end up producing the best returns? An academic paper from a few years ago by Yael Hochberg, Alexander Ljungqvist, and Yang Lu titled “Whom You Know Matters: Venture Capital Networks and Investment Performance” (embedded at the bottom of this post) suggests that is the case. They looked at historic venture returns and found that… → Read More
BEIJING, CHINA– Starbucks is a franchise in China that worked. The company opened locations at the bottom of all the major tourist hotels and downtown areas where returning Chinese, expats and business people traveling to China would pop in for some familiarity and to hold meetings, much like they do in the U.S. For people hoping to mix with that crowd, Starbucks became something of an… → Read More
Y Combinator, a seed stage venture firm that has invested in a whopping 118 startups since summer 2005, has to date only invested capital provided by its four founders: Paul Graham, Jessica Livingston, Trevor Blackwell and Robert Morris. Now they are raising $2 million in capital themselves, from Sequoia Capital and a number of prominent angel investors. Sequoia partner Greg McAdoo is leading the… → Read More
As with the Series A round, this second round of funding remained undisclosed, although our contact person at the company ensures it that this was an “up-round” financing and that the valuation was “50% higher than the last time” it… → Read More
The third quarter saw the number of U.S. venture funds raising new cash decline by 29 percent to 55 funds, according to data from the National Venture Capital Association and Thomson Reuters. That compares to 78 new funds a year ago and 76 new funds in the second quarter of 2008. And 45 of that 55 were follow-on funds rather than new funds.
Each of those funds, though, raised a lot more money… → Read More
Browser-based fantasy game startup Challenge Games has raised a $10 million B round just a couple months after raising its $4.5 million A round. Globespan led the round. Sequoia Capital, which led the last round, also participated (Sequoia partner Roelof Botha is on the board).
Up until now, if you wanted to see the ratings of individual venture capitalists on TheFunded, you had to be an invited member, which meant that you had to be the CEO or founder of a company (or pay $200 for six months access and prove that you are a senior adviser or consultant). But now anyone who visits the site can see the ratings for 17,000 individual VCs without logging in (before only the… → Read More