Venture Capital

  • VC firm Split Rock moves away from healthcare deals

    Split Rock Partners to concentrate on software and Internet services investments.

    FORTUNE -- Split Rock Partners is becoming the latest venture capital firm to move away from healthcare investing, Fortune has learned.

    The firm, which has offices in Minneapolis and Silicon Valley, always has been a "generalist" shop, with its healthcare practice focusing more on medical device startups than on pharma or biotech companies. But managing director Michael Gorman says that the medical device space MORE

    - Apr 8, 2014 11:45 AM ET
  • Exclusive: Changes in the Atlas Venture partnership

    Jon Karlen will join the Boston-based VC firm, while Fred Destin will depart.

    FORTUNE -- There are some big changes afoot at Atlas Venture, which has transformed itself into one of the most influential VC firms in Boston (not only in terms of deals, but also in terms of encouraging growth of the local tech ecosystem). Atlas is expected to add Jon Karlen as a new tech-focused partner, while existing partner Fred Destin is MORE

    - Apr 8, 2014 10:42 AM ET
  • Deals of the day: Questcor Pharma agrees to $5.6 billion deal

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    Venture Capital Deals

    Wattpad, a Toronto-based social platform create direct connections between readers and writers, has raised US$46 million in Series C funding. OMERS Ventures led the round, and was joined by August Capital, Raine Ventures, Northleaf Venture Catalyst Fund and return backers Union Square Ventures, Khosla Ventures, Jerry Yang, Golden Venture Partners and Boris Wertz. Alios BioPharma, a South San MORE

    - Apr 8, 2014 10:31 AM ET
  • Deals of the day: Giant cement merger ahead?

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    Venture Capital Deals

    Sungevity Inc., an Oakland, Calif.-based online sales company for residential solar service, has raised $70 million in new equity funding. Jetstream Ventures led the round, and was joined by such investors as E.ON, GE Ventures. The company previously raised more than $180 million in VC and project financing, from GE Ventures, Brightpath Capital Partners, Oaklandimpact, Greener Capital MORE

    - Apr 4, 2014 10:30 AM ET
  • Silicon Valley discovers secession, decides it's supercool

    Separatist movements used to be wacky and fringe, and they have a lousy track record. But don't tell that to venture capitalist Tim Draper.

    By Tory Newmyer, writer

    FORTUNE -- To believe the headlines, one of the hottest ideas to come out of Silicon Valley in the last year is the notion of self-government. Specifically, that the tech capital of the world should split off from California and launch itself as MORE

    Apr 4, 2014 7:00 AM ET
  • Deals of the day: Lone Star buying The Money Store

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    Venture Capital Deals

    Social Finance, a San Francisco-based student peer-to-peer lending platform, has raised $80 million in new VC funding. Discovery Capital Management  led the round, and was joined by Wicklow Capital, Peter Thiel and return backers DCM, Baseline Ventures and Renren.

    Imgur, a San Francisco-based image hosting platform, has raised $40 million in VC funding.Andreessen Horowitz led the round, and MORE

    - Apr 3, 2014 1:48 PM ET
  • Ride-sharing service Lyft raises $250 million

    More money for the mustache, as ride-sharing service Lyft raises $250 million from Alibaba and others.

    FORTUNE -- Ride-sharing company Lyft announced this afternoon that it has raised $250 million in new venture capital funding. The company did not disclose valuation, but CEO Logan Green acknowledged that earlier reports of a $700 million pre-money mark were in the right general ballpark.

    Tech-focused hedge fund manager Coatue Management led the round, and was joined by MORE

    - Apr 2, 2014 12:00 PM ET
  • Deals of the day: High-speed trader delays IPO

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    Venture Capital Deals

    Bima, a provider of mobile-delivered insurance in emerging markets, has raised $22 million in new VC funding from return backers Kinnevik, LeapFrog Investments and Millicom. Transcend Medical Inc., a Menlo Park, Calif.-based developer of medical devices to treat glaucoma, has raised $22 million in Series C funding. An undisclosed "global pharmaceutical and medical device company" was joined by return backers MORE

    - Apr 2, 2014 10:57 AM ET
  • Diabetes drugmaker raises VC funding at massive valuation

    Intarcia becomes one of very few biotech startups to gain "unicorn" status.

    FORTUNE -- For many Type II diabetics, it's a familiar routine. Pull out a syringe once or twice per day, in order to inject medicine that will help your body better regulate its use of insulin. It can be inconvenient, expensive and mildly painful.

    In Boston, however, there is a company working to transform Type II diabetes treatment into a once-per-year experience.

    It's called Intarcia MORE

    - Apr 1, 2014 5:03 PM ET
  • Intel's high-priced Cloudera investment looks a bit desperate

    Why did Intel pay so much to invest in Cloudera?

    FORTUNE -- Intel Corp. last week announced a large strategic partnership with Cloudera, a Hadoop-focused enterprise data management company that just weeks earlier had raised $160 million in late-stage venture capital funding at a pre-money valuation of around $1.8 billion. The deal was said to include an "unprecedented" investment by Intel Capital into Cloudera, but specific terms were kept under wraps. Then MORE

    - Apr 1, 2014 2:43 PM ET
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