Zendesk, Qualys, SoFi: Bay Area Deals News By the Numbers
There’s been a rush of funding announcements from local startups over the last day or two. Could it be that everyone wants to get their news out of the way before the media turns its full attention to Apple’s iPhone event this morning? From biggest to smallest:
$113 million—The amount Redwood City, CA-based Qualys hopes to raise in an upcoming IPO. In an SEC filing today, Qualys set the hoped-for price of its shares at $11 to $13. The 13-year-old company makes software that helps corporations automate security and compliance.
$77 million—Series B funding for Social Finance or SoFi, a San Francisco company that provides college loans backed by alumni investors to students at 78 schools nationwide. Baseline Ventures, DCM, and Renren provided the funds.
$60 million—A major Series D funding round for Zendesk, the San Francisco-based provider of Web-based help desk software. Benchmark Capital, Charles River Ventures, Index Ventures, GGV Capital, Goldman Sachs, and Matrix Partners contributed to the round, which brings Zendesk’s total funding to about $85 million. The company also introduced an overhauled interface for support agents that it’s calling “the new Zendesk.”
$22.5 million—Series E financing for Sunnyvale, CA-based Aerohive Networks, which makes access-point hardware for corporate wireless networks. The round was led by new investor Institutional Venture Partners and joined by existing investors Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, New Enterprise Associates and Northern Light Venture Capital.
$11 million—Series A financing round for Work4Labs, a San Francisco startup that helps employers find job recruits through Facebook,. Matrix Partners led the round, with individual investors Yuri Milner, Steve Porgorzelski, and Clara Shih contributing.
$4 million—Series A funding for Sosh, with Battery Ventures in the lead. The San Francisco startup (the name is pronounced like “social”) provides members with personalized recommendations for dining, nightlife, and other activities.
$1.8 million—A seed funding round for Y Combinator alum YourMechanic. Y Combinator, SV Angel, Yuri Milner, Andreessen Horowitz, Lerer Ventures, Launch Capital, SoftTechVC, Crunchfund, Paige Craig, A-Grade Investments, Jawed Karim, Justin Waldron, Joshua Schachter, Kevin Freedman, and Ashton Kutcher contributed to the round. The site pairs customers with mechanics who will come to their home or office to fix their cars.