Homebrew deals and VC Deals that close!


Look out First Round Capital!   Looks like Hunter Walk ( Linden Labs / Google / YouTube / angel investor ) and Stya Patel ( Twitter / AdSense / Battery Ventures ) are forming a debt fund of $25 million / incubator!

Forture: The new firm is called Homebrew, and is raising $25 million for its debut fund. According to documents viewed by Fortune, the investment strategy would be to back technology startups that “enable the people-based economy” for both consumers and enterprises. The portfolio would be fairly concentrated — fewer than two dozen companies — with around half being incubations and the other half being seed-stage financings.Homebrew would offer a variety of services to portfolio companies — co-location space, recruiting, etc. — and also would provide a small slice of carried interest to entrepreneurs (kind of like what First Round Capital has done).


Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Rueters, and other sources.  Please check company website for best information as the about information is from 2nd hand resources.

Below are deals from this week:

Information provide by Associated Press, Crunchbase, Forbes, Market Watch, Rueters, and other sources.  Please check company website for best information as the about information is from 2nd hand resources.


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VC deals that closed and profile of NEA

Today we profile several VC deals and NEA.  I can remember the CEO of our portfolio going from hero to zero during his pitch to NEA founder in just one word.  If you have a great deal (i.e. great vs. good), let me introduce you to one of my friends that are investors via Venture Capital firmw, Private Equity Groupw, or other types of investors. Learn more about JD Morris: http://www.linkedin.com/in/jdmorris


2nd Watch, a Seattle-based cloud software, service, and analytics company, closed a $4.2 million funding round led by Madrona Venture Group, with participation from other private investors.www.2ndwatch.com

Aura Biosciences, a Cambridge, Mass.-based developer of nano-enabled drug delivery systems, has raised $3.23 million in new VC funding from undisclosed investors, according to a regulatory filing.www.aurabiosciences.com

bMobilized, a New York-based mobile technology startup, has raised an additional $2.5 million in series A funding from Norway’s Alliance Venture, Investinor and Alden AS, which together invested $1.5 million in the startup last April. bMobilized.com

FundersClub the world’s first online venture capital platform. Coinbase raised $165,785 from 31 investors. Tracks.by raised $87,500 from 28 investors. Sponsorfied raised $98,400 from 29 investors. www.fundersclub.com


GoBalto Inc., a San Francisco-based developer of cloud-based solutions for clinical trials, has raised $12 million in new VC funding. Singapore’s EDBI led the round, and was joined by Qualcomm Ventures and return backers investors Aberdare Ventures, West Health Investment Fund and founding CEO Jae Chung.www.gobalto.com

IFTTT, a San Francisco-based application that creates connections betweenweb applications including Dropbox, Etsy, Facebook, and YouTube, has raised a $7 million Series A round led by Andreessen Horowitz and includes participation from NEA and Lerer Ventures. www.a16z.com

Pluribus Networks, which makes hardware-accelerated network virtualization for private and public cloud datacenters, has closed a $23 million Series C round led by Menlo Ventures and joined by existing investors New Enterprise Associates, Mohr Davidow Ventures, and others. Pluribus Networks closed a previous Series B round for $17.5 million in April of 2011. www.pluribusnetworks.com

VictorOps, a Lafayette, Colo.-based vertical collaboration platform for development operations groups, has raised nearly $1.59 million in VC funding, according to a regulatory filing. Backers include Foundry Group and Tango. www.victorops.com



New Enterprise Associates (NEA) is a leading venture capital firm, consistently ranking among the top firms in portfolio IPOs each year, with more liquidity events than any other venture capital firm.

Since its founding, the firm has backed more than 170 companies that have gone public and invested in more than 290 companies that have been successfully merged or acquired.

For more than 30 years, NEA has been helping to build great companies. Our committed capital has grown to $11 billion and we have funded more than 650 companies in the Information Technology, Energy Technology and Healthcare sectors – like Salesforce, Groupon, Data Domain, CareerBuilder, Diapers.com, Fusion-io, Juniper, Macromedia, and TiVo.

Learn more: http://www.nea.com/AboutNEA 


Happy Investing and Networking,

JD Morris

JD Morris

Learn more about JD Morris: http://www.linkedin.com/in/jdmorris

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