Appirio, a San Mateo,Calif.-based provider of cloud solutions for businesses, has raised $60 million in Series D funding. General Atlantic led the round, and was joined by return backers Sequoia Capital and GGV Capital. http://www.appirio.com
Boku, a San Francisco-based provider of online mobile payment solutions, has raised $35 million in Series D funding. New Enterprise Associates and Telefonica Digital were joined by return backers Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index MOREDan Primack - Mar 15, 2012 9:45 AM ET
ViewRay Inc., a Cleveland-based developer of radiation therapy technology for the treatment of cancer, has closed on the final tranche of a $45 million Series C funding round. Backers include Aisling Capital, Fidelity Biosciences, Kearny Venture Partners, OrbiMed Advisors and Siemens Venture Capital. http://www.viewray.com
Adaptive Planning, a Mountain View, Calif.-based provider of cloud-based corporate performance management solutions, has raised $22 million in fifth-round funding. Norwest Venture Partners led the round, and MOREDan Primack - Mar 14, 2012 8:51 AM ET
The private markets could get yet another black eye.
Bloomberg reported yesterday the the SEC is expected to file charges against SharesPost and Felix Investments, for activities related to trades of shares in private companies like Facebook. Fortune has learned that the SEC also is interested in a third firm, EB Exchange Funds, and that it may already have reached a settlement.
Each case seems to be a bit different. SharesPost reportedly MOREDan Primack - Mar 13, 2012 3:44 PM ET
Promedior Inc., a Malvern, Penn.–based developer of biologic therapeutics for the treatment of fibroproliferative diseases, has raised $21.5 million in Series D funding. Fibrotec Ventures led the round, and was joined by return backers Morgenthaler Ventures, HealthCare Ventures, Polaris Venture Partners, Forbion Capital Partners and Easton Capital Investment Group. http://www.promedior.com
eToro, a London-based social investment network, has raised $15 million in VC funding from Spark Capital. http://www.etoro.com
TheCurrencyCloud, a London-based provider of MOREDan Primack - Mar 13, 2012 9:13 AM ET
Are hoodies the new top hats?
Newsweek has published a provocative essay by Rob Cox, titled The Ruthless Overlords of Silicon Valley. I first thought that it was about Palo Alto real estate agents, but then realized that Cox believes Zuckerberg et al. are this generation's robber barons. Seriously:
Behind the hoodies and flip-flops lurk businesspeople as rapacious as the black-suited and top-hatted industrialists of the late-19th century. Like their predecessors in MOREDan Primack - Mar 12, 2012 4:57 PM ET
LensAR Inc., an Orlando, Fla.-based developer of laser systems for cataract surgery, has raised $24 million in new VC funding from Aisling Capital and Florida Growth Fund. www.lensar.com
Virtustream Inc., a San Francisco–based provider of enterprise cloud solutions, has raised $15 million in new VC funding. QuestMark Capital was joined by return backers Intel Capital, Columbia Capital, Noro-Moseley Partners and TDF. The company previously raised $60 million. www.virtustream.com
Allylix Inc., a San Diego-based green chemical company focused on terpene MOREDan Primack - Mar 12, 2012 10:01 AM ET
Why the Internet bubble makes sense. And could become a giant problem for investors.
By Albert Wegner, contributor
There is no doubt in my mind that venture valuations have become incredibly stretched. I have been thinking about why that is and what will come of it.
First off, here are the factors contributing to the stretching of valuations. It starts with the genuine potential for building hugely valuable businesses, which is based on MOREMar 9, 2012 11:34 AM ET
Pandora distribution shows that VC interests remain unaligned.
Last January, I wrote that the VC distribution model was broken. The problem persists in 2012, and we've got a new example to prove the point.
On Tuesday, Internet radio company Pandora (P) announced quarterly earnings that fell well short of expectations. Shares plunged in aftermarket trading, and opened the next day down nearly 25%. And they still haven't recovered.
Just before earnings were announced, MOREDan Primack - Mar 9, 2012 10:14 AM ET
Songkick, a London-based operator of an online tracking index for concert listings, has raised $10 million in new funding from Sequoia Capital. www.songkick.com
SavingStar, a Waltham, Mass.-based digital grocery savings service, has raised $9 million in Series C funding. DCM led the round, and was joined by return backers Flybridge Capital Partners, First Round Capital and IA Ventures. www.savingstar.com
NationBuilder, a Los Angeles-based community organizing system, has raised $6.25 million in Series A funding from Andreessen Horowitz and individual MOREDan Primack - Mar 9, 2012 9:51 AM ET
By Lee Hower, contributor
In the fall of 2010 I laid out reasons why all the tech "bubble" chatter was really more the hallmark of a reasonably-sustained boom, and then revisited the topic almost one year ago to the day.
Well what's happened since then? Three of the five "blockbuster" tech IPOs I predicted have happened (LinkedIn, Groupon and Zynga) while the biggest of all (Facebook) has filed and will likely go public within the MOREMar 8, 2012 3:20 PM ET
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