TechTaffy

tech:

taffy

Elance Secures $16M Expansion Capital

1000 views

[Techtaffy Newsdesk]

Elance has secured $16 Million in expansion capital led by the Stripes Group with existing investors, New Enterprise Associates (NEA) and Kleiner Perkins Caufield & Byers, participating. The investment will fund Elance’s growth as more businesses build contingent workforces in the cloud, says the company.

Dan Marriott, managing partner at Stripes Group, and Paul Hsiao, partner at NEA, were appointed to Elance’s Board of Directors.

Elance is a online platform for online employment and projects. The company is privately held and headquartered in Mountain View, California and Oslo, Norway.

[Upload: 04-06-12]

Also see:

Startups

Madrona Launches Venture Labs

Madrona Venture Group officially inaugurated the Madrona Venture Labs, an...
Startups

Israeli Startup On Indiegogo Promises Rain On Demand

Rain on Request just started a crowdfunding campaign in...
Industry

Ektron Gets Equity Investment

Digital experience management software company Ektron has closed a second round...
Consumer

Bipsync Raises $1.5M

Bipsync, a research automation platform for investment professionals, has closed a $1.5 million round of seed financing. Investors in the round include Russell Siegelman (Stanford Lecturer and Partner Emeritus, Kleiner Perkins Caufield & Byers), David Eisner (Founder of themarkets.com), and Steadfast Venture Capital.
Industry

CipherCloud Raises $50M

Cloud security company CipherCloud has closed a $50 million round of...