Tag: First Step Fund

Deals that closed and Monday Feb. 4th 6pm Webinar by Investor Network Nights!

NEXT INVESTOR NETWORK NIGHTS:

Next Event: Mon, Feb 4, 2013 6:00 PM

More than 150 investors expressed interest in our last Investor Network event.  Contact InvestorNetworkNights@gmail.com for more details!

Registration for Monday Feb. 4th 6pm Pacific via GoToWebinar URL: https://attendee.gotowebinar.com/register/7702996293279775232

Learn about other Investor Network events: http://redhookcapital.me/investor-network-event/

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DEALS THAT CLOSED:

Information is provide from Associated Press, CBinsights, Forbes, Google News, Reuters, TheDeal Pipeline, Venture Beat, and other third parties sources.  Readers need to check for accurate at companies own website or press release.

  1. FanDuel, a New York City – based is a new breed of fantasy sports game that lets you play fantasy football, fantasy baseball, fantasy basketball and fantasy hockey in a single day.The company has 6 million fantasy line-ups entered its daily leagues. Fantasy sports are played by 35 million people in North America, but the market hasn’t been very innovative. In contrast to fantasy sports leagues that play out over months, FanDuel’s leagues last one day and prizes are paid out immediately as soon as the games finish. The investors include new investor Comcast Ventures and existing investors Piton Capital, Pentech Ventures, Bullpen Capital and serial investor Richard Koch. Other investors include Scottish Enterprise. www.fanduel.com
  2. Convercent, a Denver-based maker of compliance software, has raised $10.2 million in new private funding. Azure Capital Partners and Mantucket Capital co-led the round, and were joined by City National Bank. http://www.convercent.com ChaCha, a Carmel, Ind.-based realtime Q&A site, has raised $14 million in Series G funding. VentureWire reports that the round was done at a valuation of around $75 million. Return backers included VantagePoint Venture Partners, Qualcomm Ventures and Rho Ventures. The company now has raised over $80 million in total VC funding. http://www.chacha.com
  3. FarmLogs, a Michigan-based startup that helps farmers digitally manage their farm to increase profitability, has raised $1 million in seed funding. Huron River Ventures and Hyde Park Venture Partners co-led the round, and were joined by Hyde Park Angels, Silicon Badia Ventures, and First-Step Fund. http://www.farmlogs.com Houzz, a Palo Alto, Calif.-based online platform for home remodelling and design, has raised $35 million in Series C funding. New Enterprise Associates and GGV Capital co-led the round, and were joined by Comcast Ventures, Kleiner Perkins Caufield & Byers, David Sacks and return backer Sequoia Capital.www.houzz.com
  4. Medisse BV, a Dutch developer of resorbable implants, has raised €2.6 million in new VC funding. IIG led the round, and was joined by return backers BioGeneration Ventures and Omnes Capital.www.medisse.com
  5. MentiNov Inc., a New Brunswick, N.J.-based developer of an oral medication to reduce involuntary movements related to L-Dopa use in Parkinson’s patients, has secured up to $500,000 in funding fromFoundation Venture Capital Group, an affiliate of the New Jersey Health Foundation. http://www.njhf.org
  6. NewVoiceMedia, a UK-based provider of cloud contact center services, has raised $20 million in new VC funding. Highland Capital Partners Europe and MMC Ventures co-led the round, and were joined by return backers Notion Capital and Eden Ventures. http://www.newvoicemedia.com
  7. Oceans Healthcare, Louisiana’s largest provider of psychiatric facilities for geriatric patients, has raised $17 million in growth equity funding from General Catalyst Partners. Charlie Baker, a General Catalyst entrepreneur-in-residence who used to be CEO of Harvard Pilgrim Healthcare, will join the Oceans Healthcare board as chairman. http://www.ohcg.info
  8. WatchDox, a Palo Alto, Calif.-based provider of enterprise document management solutions, has raised $12 million in new VC funding. Millennium Technology Value Partners led the round, and was joined by return backers Blackstone Group, Gemini Israel Funds, Shasta Ventures and Schlomo Kramer. The company previously raised $23 million. http://www.watchdox.com
  9. Zoom, a cloud-based video conferencing and virtual collaboration platform, has raised $6 million in Series A funding. Backers include Qualcomm Ventures, Jerry Yang (Yahoo founder), Subrah Iyar (WebEx founder), and Dan Scheinman (ex-Cisco exec). http://www.zoom.us

Information is provide from Associated Press, CBinsights, Forbes, Google News, Reuters, TheDeal Pipeline, Venture Beat, and other third parties sources.  Readers need to check for accurate at companies own website or press release.

Happy Networking & Investing,

JD Morris

JD Morris

JD Morris LinkedIn: http://www.linkedin.com/in/jdmorris

Facebook URL: https://www.facebook.com/InvestorNetwork

LinkedIN URL: http://www.linkedin.com/groups/Investor-Network-JD-Morris-Accredited-53760/about

3,267 Deals at $28.3 billion in 2012! Keep updated on our Webinars!

INVESTOR NETWORK NIGHTS:

More than 50 investors expressed interest in our deals for the Preview of Investor Network Nights, so we look forward to a big event on January 21st!

To learn about our educational Webinars visit us at: http://redhookcapital.me/investor-network-event/

VC DEALS THAT CLOSED:

After dominating deal share in Q3 2012, Seed VC funding settled back down to Q2 2012 levels, dropping to 30% in Q4. Funding levels by stage remain largely consistent with prior quarters. For 2012, VCs invested $28.3 billion in 3267 deals, CB Insights reports.  We use five reporting systems like CB Insights to provide a market report on Private Equity, Venture Capital, Private Notes, and other capital needs. Contact JD Morris via e-mail or phone.

Sample deals reported closed by Accredited Investors/VCs/PEGs:

    • 15Five, a San Francisco-based developer of a time-saving solution for employee-employer communications, has raised $1 million in seed funding from Richmond Global. Other backers include 500 Startups, Jason Calicanis, Ben Parr, Ben Ling and Matt Brezina. www.15five.com
    • 360incentive.com an Ontario–based provider of on-demand incentives solutions, has raised C$7.65 million in VC funding. OMERS Ventures led the round, and was joined by Klass Capital and Round 13 Capital. www.360incentives.com
    • Ayasdi, a Palo Alto, Calif.-based developer of an insight discovery platform that combines advanced mathematics, computer science and visualization, has raised $10.25 million in Series A funding co-led by Khosla Ventures and Floodgate Fund. www.ayasdi.com
    • Electricite de France SA and state-owned CDC Infrastructure are leading two remaining consortia in the auction for Total SA‘s gas storage unit TIGF, according to the WSJ. TIGF could sell for between €2.5 billion and €3 billion. The EDF group also includes the Government of Singapore Investment Corp., and Italian energy company Snam SpA. The CDC Infrastructure group also includes AXA Private Equity, Predica, the Abu Dhabi Investment Authority and Fluxys Belgium SA.
    • Fusion Coolant Systems, a University of Michigan tech transfer spinout that provides a CO2 dry coolant and lubrication system for use in manufacturing, has raised $600,000 in Series A funding. The Frankel Fund led the round, and was joined by The Amherst Fund, Automation Alley, Detroit Enterprise Fund, First Step Fund and The Michigan Pre-seed Fund.  www.FusionCoolant.com
    • HMV (LSE: HMV), a British music and entertainment retailer, filed for administration late Monday. According to the FT, suitors could include Better Capital and Hilco. www.hmvgroup.com
    • Linsalata Capital Partners has acquired Stag-Parkway Inc., an Atlanta-based distributor of aftermarket RV parts and accessories to RV dealers in the United States, from Ares Capital. No financial terms were disclosed, except that Babson Capital Management provided an equity co-investment and subordinated debt. www.stagparkway.com
    • LoopIt, a Cambridge, Mass.-based developer of a social conversation engine for ecommerce, has raised an undisclosed amount of new VC funding led by Avalon Ventures. www.loopit.com
    • OnApp, a London-based provider of software that powers enterprise cloud, CDN and storage services, has raised around $20 million in Series B funding led by LDC. www.onapp.com
    • PICS Auditing LLC, an Irvine, Calif.-based provider of contractor prequalification and compliance SaaS solutions, has raised $35 million in equity funding from Norwest Venture Partners.www.picsauditing.com
    • The Pritzker Group has acquired Intersystems, an Omaha-based maker of material handling equipment serving the global agriculture industry. No financial terms were disclosed.www.pritzkergroup.com
    • Symform, a Seattle-based provider of a cloud storage network, has raised an undisclosed amount of funding from Second Century Ventures, the venture arm of the National Association of Realtors. This was part of a previously-announced $11 million Series B round from WestRiver Capital, OVP Venture Partners and Longworth Venture Partners. www.symform.com
    • Versartis Inc., a Redwood City, Calif.-based developer of therapeutics for patients with endocrine disorders, has raised $25 million in Series C funding. Aisling Capital led the round, and was joined by return backers Index Ventures, New Leaf Venture Partners and Advent Venture Partners.www.versartis.com
    • UpCity (f.k.a. DIYSEO), a Chicago-based provider of solutions for small businesses looking to increase website traffic, has raised more than $2 million in second-round funding. I2a Fund, Firestarter Fund and RIME Communications Capital were joined by return backers Daylight Partners and Harris Preston & Partners. www.upcity.com
    • Zettaset, a Mountain View, Calif.-based provider of secure big data management solutions, has raised $10 million in Series B funding. HighBar Ventures led the round, and was joined by DFJ and Epic Ventures. www.zettaset.com

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