Endurance Acquires Constant Contact For $1.1 Billion

Constant Contact is said to be acquired by Endurance International Group Holdings Inc. According to Reuters, the news surprised the investors and took the shares down by 20%.

On the other hand, Endurance International Group Holdings Inc seems very much satisfied with the acquisition. “Buying Constant Contact is a sound investment that will give the company access to 500,000 new customers”, says Chief Executive Hari Ravichandran. He said this is a recent interview. Read More

Verge Genomics Raises $4M in Seed Financing

Verge Genomics, a drug discovery startups has recently been funded with a total $4 million. The seed financing round led by IA Ventures also included Two Sigma Ventures, Draper Associates, Great Oaks VC, Slow Ventures, Karlin Ventures and private investors.

Verge claims to find new cures for brain diseases 1000 time  cheaper and quicker using their proven network algorithms. Read More

RelayRides Raised $47M in Round C & Renamed itself as Turo

It’s time to say goodbye to peer-to-peer car rental service RelayRides, and say hello to Turo! The company has just announced a $47M funding that came from Kleiner Perkins, along with Google Ventures, Shasta and Trinity Ventures. Read More

Lumo Bodytech Raises $10M

Lumo Bodytech a Palo Alto, California based startup that offers posture and activity tracking devices, has recently raised $10 million in a round led by WuXi Healthcare Ventures. Existing investors Madrona Venture Group, Innovation Endeavors, AME Cloud Ventures, and Innovalue Capital also participated in the round. Read More

Bidgely Raises $16.6 Million in Series B

Bidgely an energy conversation based SaaS startup has raised $16.6 Million in Series B recently, adding more investors (Constellation Technology Ventures, E.ON, RWE) onboard.

The funding will mainly go to HomeBeat™, the  consumer engagement product suite for home energy management and scale commercial deployment globally. Read More

Spigit; the SaaS Provider for Crowdsourcing Innovation Raised $13M

Spigit, the leading SaaS provider for crowdsourcing innovation has recently announced $13M funding raised by it’s parent company Mindjet Corporation.

The round that raised $13 million was led by its largest current investor, Investor Growth Capital (“IGC”) and Spigit intends to utilize the funds to expand its global sales and marketing efforts, as well as extend the research and development operations. Read More

Thoma Bravo Sold Sirius Computer Solutions; a Successful Exit

Thoma Bravo has just completed the sale of Sirius Computer Solutions Inc (a leading US IT solutions integrator founded in 1980). Kelso & Company has acquired the Sirius Computer Solutions.

Thoma Brave is a leading private equity investment firm which in 2006 invested in Sirius. With that investment, Sirius planned and executed a growth strategy that increased gross revenues from just over $600 million annually in 2006 to an expected $1.7 billion in 2015. Read More

Square IPO to Watch Next Week

Square, a financial services startup is all set for its IPO price range this week, as reported by several tech news giants.

CNBC reported citing its sources that Square is set to begin trading publicly the week before Thanksgiving, whereby Square’s senior management will present the company to investors as they go on their IPO roadshow next week. Read More

Tintri Raises $125M in Recent Round; IPO Could be the Next Update

Tintri has recently raised $125M in a recent round led by Silver Lake Kraftwerk. Tintri’s existing investors Insight Venture Partners, Lightspeed Ventures, Menlo Ventures and NEA also participated. The round brought the amount to a total $260 million.
Tintri develops storage solutions for virtual applications i.e. a flash-hard drive hybrid storage appliance and works with companies specifically building virtual applications. Tintri has actually defined its own storage category it calls ‘VM-aware storage (VAS)’. Read More

Two Bit Circus; the High-Tech Circus Act Receives $6.5M from Intel & Techstars

When it comes to funding a startup, the idea matters most as it’s the reason behind the value that it’s delivering to the masses and one may think circus as a non-fundable startup, but it all went opposite when the modern traveling technological spectacle known as Two Bit Circus has scored $6.5 million dollars in Series A funding. Read More