Throw that money in the air: MongoDB (a.k.a. 10gen, which recently renamed itself after its core product) has just raised a $150 million round of funding from investors including EMC Corp., Salesforce, T. Rowe Price, Red Hat, Intel, NEA and Sequoia.
If you see a hobbit making it rain on Palo Alto’s University Avenue this afternoon, here’s why: VentureBeat reports that Palantir–Peter Thiel’s shadowy data-mining startup–has raised another $196 million, bringing its total raised to a whopping $498 million.
With cash like that, you could have custom costumes made for every Shire-loving employee. Or you could just buy the leftovers from Sean Parker’s wedding. Read More
Guess who’s still droning away? Former Wired editor in chief Chris Anderson has just raised a $30 million Series B for his startup 3D Robotics. Investors include Foundry Group, True Ventures, O’Reilly AlphaTech Ventures and SK Ventures. It’s in addition to $5 million raised last year.
The company plans to use the money to “mainstream aerial robotics and surveying,” i.e., turning this hobbyist habit into something relatively affordable and approachable for those who aren’t lifelong subscribers to, well, Wired. The team is zeroing on commercial use cases, the big example being agriculture. Mr. Anderson said in a statement: Read More
There’s a little more money in Long Island City today. Songza, which offers up playlists to suit your every mood, just announced a $4.7 million round of funding from a small mob of investors, including Lerer Ventures, Amazon.com, Scooter Braun, William Morris Endeavor, Deep Fork Capital, Metamorphic Ventures, Troy Carter, Gary Vaynerchuk, and others. Read More
Today the bank accounts of the financial planning service LearnVest are a little more flush. The company announced this morning that it’s raised $16.5 million from current investor Accel Partners, as well as new participants American Express Ventures, Claritas, Carlyle Group founding member Ed Mathias and former T. Rowe Price CEO Todd Ruppert.
They’ve also signed up additional advisors, like Gilt Groupe chairman Susan Lyne and the former CFO of Weight Watchers.
“We were in a position where this came to us,” CEO Alexa von Tobel told Betabeat. “We were not fund-raising–we actually got the term sheet a week before my wedding.” Read More
Hey, if you felt a faint disturbance in the force this morning, here’s why: Lucas Duplan, a kid barely old enough to drink, just raised a $25 million seed round for his stealth payments startup, which is called “Clinkle.” According to AllThingsD, the company is telling everyone it’s the largest seed round in Silicon Valley history.
Pay no attention to the ghost of Color Labs hovering in the corner of the conference room.
The name, according to Business Insider, “comes from the sound change makes and its ability to turn into a verb (‘Clink this!’).” When will someone launch a startup dedicated to finding better startup names? Read More
Mini Martha and ex-Googler Brit Morin is expanding her arts and crafts empire with a fresh $6.3 million Series A, according to Business Insider. Ms. Morin, who’s married to Path cofounder Dave Morin and is known for creating colorful drawings on restaurant table cloths, raised the round from a number of bold-faced names, including Lerer Ventures and Marissa Mayer. Read More
Pivot-happy ecommerce startup Fab has raised yet another round of cash. CEO Jason Goldberg announced in a blog post that the company has just closed $150 million in new funding. Participants include Tencent, Atomico, Andreessen Horowitz, Itochu Technology Ventures, and existing investors.
What’s more, he adds, it’s “just the first part of a larger Series D round” they expect to complete over the coming weeks.
Biz Stone’s mysterious new startup, Jelly, has just closed a Series A.
An announcement on the company’s Tumblr didn’t disclose the total amount raise, but revealed that Spark Capital raised the round, with SV Angel piling on, as well.
Also participating are several individual investors who, we can only assume, were rounded up in the parking lot of last year’s TED conference: Jack Dorsey, Bono, Al Gore, LinkedIn founder Reid Hoffman, Where Good Ideas Come From author Steven Johnson, Evan Williams and Jason Goldman, House (?!) director Greg Yaitanes, and Afghan entrepreneur Roya Mahboob. Read More
Dwolla*, the Des Moines-based payment platform that has a strong presence in NYC, announced today that it has received a $16.5 million Series C investment led by venture capital behemoth Andreessen Horowitz, with contributions from NYC firms Thrive Capital* and Union Square Ventures. The fresh funding will allow Dwolla to double its staff of 40 to 80 and open a third office in San Francisco, according to The Next Web. Andreessen partner Scott Weiss will be joining Dwolla’s board. Read More