Yelp, Intermolecular, Hotel Tonight: Bay Area BizTech News by the Numbers

11/21/11Follow @wroush

It’s roundup time. From biggest to smallest, here are the major deals and developments around the Bay Area since our last roundup on November 17.

$100 million—The amount San Francisco-based Yelp hopes to raise in its initial public offering, according to an S-1 filing made public last Thursday. The local business search site has raised about $56 mill in venture funding. According to the S-1, its largest shareholders are Bessemer Venture Partners (22.5 percent), Elevation Partners (22.4 percent), Benchmark Capital (16.2 percent), and Max Levchin, co-founder of PayPal (13.8 percent).

$96.6 million—The amount raised by San Jose-based Intermolecular (NASDAQ: IMI) in its initial public offering on Friday. The firm conducts outsourced research and development for semiconductor and clean-energy companies. Intermolecular’s venture backers included CMEA Capital, Redpoint Ventures, and U.S. Venture Partners.

$80 million—The reported value of today’s acquisition of New York-based Hunch by eBay. The San Jose online auction giant said Hunch’s predictive modeling technology and machine-learning expertise would help it offer better recommendations to eBay shoppers. Investor/blogger Michael Arrington broke the news. Xconomy profiled Hunch in April 2009; the startup had raised almost $20 million in venture funding from backers Bessemer Venture Partners, General Catalyst, Khosla Ventures, and Ron Conway’s SV Angel.

$9.1 million—Series B funding for Hotel Tonight, the San Francisco-based maker of Android and iOS apps that help users find last-minute hotel deals. First disclosed last week in a regulatory filing, the round was led by Battery Ventures, and was joined by Accel Partners and First Round Capital,

$8 million—A Series B financing round for Palo Alto-based Klip, the iPhone video sharing service I profiled on November 11. New investor Benchmark Capital led the round, which was joined by Series A investors Matrix Partners and Klip founder and CEO Alain Rossmann.

$1.65 million—A funding round for Vidyard, a summer 2001 Y Combinator graduate marketing itself as a “YouTube for business.” Backers include Softech VC, SV Angel, Andreessen Horowitz, iNovia Capital, and individual investors Jawed Karim, Paul Buchheit, Vivi Nevo, Dennis Kavelman, and others.

$1 million—A second round of funding for UserVoice, a San Francisco-based customer support startup that hosts feedback forums. Backers include Baseline Ventures, Western Technology Investment, The Accelerator Group, Tekton Ventures, and a group of individual investors.

$1 million—The size of an ongoing seed funding round for MixRank, according to a report today in Dow Jones VentureWire. Another graduate of the summer 2011 incubator session Y Combinator, the company is building software that lets advertisers see where their competitors are placing display and text ads and how they’re performing.

300,000—The number of apps in the Android Market, according to San Jose-based PaymentOne. The company today introduced a software component called “PayOne” that Android developers can incorporate into their apps to allow one-click in-app purchases.

Wade Roush is a contributing editor at Xconomy. Follow @wroush

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