Tickets On Sale Now
Whatever it was, it wasn’t sweet charity. Today, VCs pumped uncharacteristically large amounts of money into startups — and collected some funding for themselves, as well.
Let’s spend a little time on these stories.
Hyde Park Venture Partners closes $25M fund
Hyde Park Venture Partners, an early-stage Midwestern firm, got together a nice $25 million chunk of change to fuel its investment activities. A company rep tells us the new fund will be used to make seed and Series A in tech-focused companies in business, healthcare, and consumer verticals.
Good Data raises $22 million
Big data company GoodData has raised $22 million from Latin America’s largest enterprise software company. GoodData is one of Silicon Valleys “enterprise cool kids.” It is a business-intelligence service provider, meaning businesses use its cloud-based technology to make data-driven decisions. The platform includes operational dashboards, metrics and performance reports, data storage, analytics, and collaboration tools. Founder Roman Stanek said GoodData stands out from the crowd because it emphasizes heavily on user experience to make the tick technical elements of big data comprehensible to people outside of IT. Read the full story on VentureBeat.
Lolly Wolly Doodle takes $20M from Steve Case
AOL founder Steve Case’s investment company just put $20 million into a little-known kids clothing manufacturer in Lexington, N.C. But more interesting than the massive investment into the tiny company is that this is a major, major endorsement of a version of social commerce that actually works. As in, makes money, baby — buckets of it. From Facebook. “Our strategy is really to invest in companies most people haven’t heard of yet and make them into household brands,” Case told us this morning on his way to the airport. “We like finding things off the beaten path – that’s what we did with AOL — and we think the category they’re targeting is a $50 billion business that hasn’t really changed much in centuries.”Read the full story on VentureBeat.
Wrapp wraps a $15M Series B
Wrapp’s big bet on social network-powered gift cards is paying off. The company announced today that it has raised $15 million in a second round of funding, bringing its total funding to more than $25 million. And in addition to the funding, Wrapp is seeing tremendous traction after hitting the U.S. a year ago — now America is its biggest market, displacing its home country of Sweden. Read the full story on VentureBeat.
Thumbtack nails a $12.5M round
Thumbtack has raised $12.5 million to grow its marketplace of local services. The startup wants to make hiring a professional as easy as online shopping by providing a comprehensive directory, estimated costs and ratings, and one-click checkout.
Right now the process of finding a plumber, a personal trainer, or a wedding photographer is inconvenient. Sites like Angie’s List, Yelp, and Craigslist provide listings and reviews, but they do not improve the actual booking process. Read the full story on VentureBeat.
Talari Networks takes $8M
Talari Networks is in the super-sexy, totally-relatable-to-consumers space of WAN virtualization. WAN stands for wide area network, and the company basically is in the business of creating clouds with conduits between a company’s headquarters and other branches. The $8 million was declared to the SEC in a Form D today.
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