Online financial planning service LearnVest has just raked in some major funds of its own.
The company announced in a press release this morning that it just closed a $28 million funding round led by Northwestern Mutual Capital. Previous LearnVest investor Accel Partners also contributed, bringing LearnVest’s total funding to over $72 million.
Alley vs. Valley
It’s that time again: CB Insights has released its quarterly VC report. The money’s still big, though with a focus on seed deals. Quarter three closed with 835 deals totaling $7.5 billion invested. But CB Insights is quick to dispel any bubble talk, pointing out that unless Q4 brings $9.2 billion in funding, 2012 will show an overall drop in VC investments.
The latest CB Insights report on venture capital investment just dropped, and we’ve spent the morning digging into the data. Local entrepreneurs might want to sit down, because this is gonna sting a little.
Overall the quarter was a big one, with 812 deals adding up to $8.1 billion. The report points out that’s the biggest single quarter since the dot com days. (And what with Digg and Yahoo dominating the headlines, you’d be forgiven for getting a little confused on the year.) Seed stage investments made up 22 percent of those deals, which fits with our anecdotal sense that startups are springing up like mushrooms after a rainstorm.
In terms of deal volume, New York held onto the number-two spot for the second quarter in a row. A big part of that is digital: The report calls California and New York a “two-headed monster on the internet front,” and points out that “larger funding deals enable Florida and Washington to challenge Massachusetts for the #3 spot.”