IPOs Go Up, LinkedIn Finds a Nice Fit, Google Goes for a Slide, & More Bay Area BizTech News
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—Bruce explored a demographic study from New York-based CB Insights revealing, not too surprisingly, that most founders of early-stage Internet startups are either white (87 percent) or Asian (12 percent).
—Mountain View, CA-based LinkedIn announced that it had acquired mSpoke, a Carnegie Mellon University spinout that makes content personalization software.
—Redbeacon closed a $7.4 million Series A venture round with participation by Mayfield Fund and Venrock. The San Mateo, CA, startup runs a Web service that provides consumers with price quotes from local service providers such as plumbers and handymen.
—Continuing the red theme, Red Condor, a spam filtering startup in Rohnert Park, CA, was acquired by San Diego-based security software company St. Bernard Software, as Bruce reported.
—Recurly, a Dogpatch Labs startup that makes software for automating subscription billing, grabbed $1.6 million in seed funding from Poalris Venture Partners, Harrison Metal, and others.
—Automated affiliate marketing software provider VigLink in San Francisco acquired competitor DrivingRevenue, based in Chicago.
—Campbell, CA-based YouSendIt, maker of software for large file transfers over the Internet, raised $15 million in Series D funding from Adams Street Partners, Emergence Capital, Sigma Partners and Alloy Ventures.
—Floodgate Fund, the Menlo Park, CA micro-VC firm run by angel investor Mike Maples, disclosed that it had raised a third fund totaling $73.5 million.
—Pancetera, a storage software company in Santa Clara, collected $5 million in Series A funding from Hummer Winblad Venture Partners and Onset Ventures. Former Thinstall CEO Henrik Rosendahl was appointed as Pancetera’s new CEO.
—C2Call, a German company with operations in Mountain View, raised $2 million in Series A funding from Draper Investment Company, High-Tech Gründerfonds, and angel investor Klaus Wecken.