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SaaS-based web optimization and marketing platform Zarget, has raised a $6 million Series A round of funding. The investment was led by Sequoia India, with participation from current investors Accel and Matrix Partners. Zarget says it plans to use the funds to scale its marketing automation products.
Narvar, a San Bruno, California-based customer experience company has raised a $22 million Series B funding round, led by Battery Ventures and supported by Fung Capital, Accel Partners and Freestyle Capital. Roger Lee, general partner of Battery Ventures will be joining the Narvar board. Narvar customers include Nordstrom, Home Depot, Sephora, Gap and Levi's, according to the company website.
Prototyping, collaboration, and workflow platform InVision has raised $55 million in a Series D round. Iconiq Capital led the round, joined by existing investors Accel Partners and FirstMark Capital. The latest investment brings the company's total funding raised to $135 million since it was founded in 2011.
Advertising technology company Collective has raised $34 million in an investment round led by Columbia Partners. Accel Partners, Greycroft and iNovia also participated in the round. The company has reportedly raised $100 million in debt and equity to date. "With this increased investment, we will be able to accelerate the rollout of new features and functionality in the second half of 2016 and into 2017,” said Joe Apprendi, founder and CEO, Collective.
Weaveworks, makers of Weave networking and monitoring for containers and microservices, have secured $15 million in Series B funding. The investment was led by new investor GV (formerly Google Ventures), with participation from existing investor Accel.Weave enables cross-platform microservices, and the company says it is increasing its investment in open source, developer experience, and commercial cloud services.
CoreOS, a startup working in the container space, has raised $28 million in Series B funding. The investment was led by GV (formerly Google Ventures). Other investors participating in the round include Intel Capital, as well as existing investors Accel, Fuel Capital, Kleiner Perkins Caufield & Byers (KPCB), an dY Combinator Continuity Fund. CoreOS has raised $48 million to date. CoreOS says it will use the funding to continue development, as well as to grow its team in the United States and Europe, hiring for its offices in San Francisco, New York and Berlin. CoreOS is an open-source lightweight operating system based on the Linux kernel and designed for providing infrastructure to clustered deployments.
Qwilt, a company working on open caching and online video delivery solutions, has closed a $25 million Series D funding round. The funding was led by Disrupt-ive with a $16 million investment, and includes new funding from Google Chairman Eric Schmidt's Innovation Endeavors. Existing investors Cisco Investments, Accel Partners, Bessemer Venture Partners, Marke and Redpoint Ventures also contributed to the round. The latest funding bring Qwilt's total capital raised to $65 million to date.
Online learning company lynda.com has received an investment of $186 million led by TPG. Accel Partners, Spectrum Equity and Meritech, existing lynda.com investors, also participated in the round. The financing will be used to accelerate acquisitions, growth and new content initiatives, and to continue to build the team, says the company. David Trujillo of TPG will join the Lynda board.
Ticket search engine SeatGeek has raised a $35 million Series B round led by Accel Partners. Causeway Media Partners, a sports-focused investment fund led by Boston Celtics CEO Wyc Grousbeck, also participated in the round, alongside Super Bowl MVPs Peyton and Eli Manning, Nas, and Melo7 Tech Partners. Other participating investors include Stanford University Athletics, Seattle Mariners co-owner and Real Networks founder Rob Glaser, and NBA veterans Shane Battier and Mike Dunleavy Jr. Existing investors, including Mousse Partners and Thomas Lerhman, also participated in the round. Accel Partner's John Locke will join the company’s board alongside company founders Jack Groetzinger and Russ D’Souza and David Frankel from Founder Collective. Founder Collective first seeded SeatGeek in 2010. SeatGeek says it expects to drive over $160 million of ticket sales in...
Enterprise content management provider Alfresco Software has raised $45 million in funding. The investment was led by Sageview Capital. Existing investors Accel Partners, Mayfield Fund, and SAP Ventures also participated in the round. The investment brings the company's total funding to date to $65.4 million. Ned Gilhuly, founding partner at Sageview joins Alfresco’s board; along with Jeff Klemens, principal at Sageview who joins as observer.
Twitter has acquired payments infrastructure company CardSpring for an undisclosed sum. CardSpring helps merchants work with publishers to create online-to-offline promotions. In a blog post, Nathan Hubbard, head of Commerce with Twitter, says CardSpring technology will be used to bring 'in-the-moment commerce experiences' to Twitter users. Headquartered in San Francisco, California, CardSpring is funded by Accel Partners and Greylock Partners.
Data analysis platform Trifacta has closed a $25 million Series C financing round. The investment was led by new investor Ignition Partners and includes existing investors Greylock Partners and Accel Partners. As part of the investment, Frank Artale, Ignition Partners managing director also joins the Trifacta board. The company raised a $12 million Series B round in July last year.
Sumo Logic, a company that provides machine data analytics at a petabyte scale, has raised $30 million in funding. The investment was led by Sequoia Capital, with participation from existing investors Greylock Partners, Sutter Hill Ventures and Accel Partners. This brings the company's total funding raised to date to $80.5 million. The additional funding will enable geographic expansion into EMEA and Asia Pacific regions, development of go-to-market initiatives, and the addition of technical functionality to the Sumo Logic machine data analytics platform, says Sumo Logic.
French startup PeopleDoc, a company working on cloud-based global HR governance solutions, has landed $17.5 million in Series B funding from Accel Partners. Previous PeopleDoc investors, including Alven Capital, an independent VC firm based in Paris, and Kernel Investissements, also participated in the round. PeopleDoc is a fully owned subsidiary of Novapost, a provider of personnel file management systems in France.
Circle Internet Financial, a digital currency company, has closed $17 million in Series B financing, bringing its total raise to date to $26 million. Breyer Capital, Accel Partners, and General Catalyst Partners were joined by new investor Oak Investment Partners in leading the round. Other Series B investors include Pantera Capital; the Bitcoin Opportunity Fund of Barry Silbert, founder and chief executive officer of SecondMarket, and founder of the Bitcoin Investment Trust; Leonard H. Schrank, former chief executive officer of SWIFT (Society for Worldwide Interbank Financial Telecommunication); and, Circle board member M. Michele Burns. Fenway Summer, a consumer finance advisory and venture firm led by Circle board member Raj Date, also participated in the round.