News Byte

Online Retro Clothing Shop ModCloth Closes $25 Million in Funding

ModCloth, an online retailer focused on retro-looking woman’s apparel, has raised $25 million in funding. The round was led by Norwest Venture Partners, with Accel Partners also participating. The capital will help expand the site’s “Be the Buyer” program, which allows customers to vote on items they’d like to see produced. The San Francisco-based company, which was founded by high school sweethearts Eric Koger and Susan Gregg Koger, has 300 employees.

Starbucks’ Schultz: Don’t Read Anything Into Exit From Groupon Board

Starbucks Chairman and CEO Howard Schultz said today on CNBC that he has confidence in both Groupon’s board and CEO, even after stepping down from the board after 19 months.
Howard Schultz headshot

News Byte

Etsy Secures $40 Million for International Expansion

Etsy, the online marketplace where people sell their arts and crafts, has raised $40 million in funding. Investors include Index Ventures (which led the round), Accel Partners, Union Square Ventures, Hubert Burda Media and Glynn Partners. In a blog post, Etsy CEO Chad Dickerson said the company will expand internationally. To date, Etsy has raised $91 million in capital.

Silver Lake Grabs Large Minority Stake of WME to Push Digital Initiatives

Hollywood meets Silicon Valley. Again.
wme_logo

Confirmed: Schultz and Efrusy to Leave Groupon Board; “Accounting Types” Joining

Will a shake-up of the board of the daily deals company help its prospects?
Howard Schultz headshot

Stealthy Shape Security Lands $6 Million From Kleiner Perkins and Eric Schmidt

A security start-up aims to change the economics of launching hacking attacks.
hackers_ver1 crop

Internet-Only Bonobos Gets Cash and Rack Space From Nordstrom

Bonobos, the New York-based online clothing brand, says it has closed $16.4 million in new funding from Nordstrom and that it will start selling its pants at the high-end department store.
bonobos

Accel Partners Bets on Social Games Company Dragonplay

Dragonplay, a social games developer focused on card and casino games, has raised $14 million in a first round of funding from Accel Partners.
dragonplay

Start-Up Medio Brings Mobile Analytics to the Cloud

If you’ve ever envied the big data and analytics capabilities that large companies have at their command, there’s a start-up in Seattle that you might like to talk to.
searching for data

Start-Up SalesCrunch Makes Unsolicited Bid for Cisco Unit WebEx

WIth rumors persisting that its WebEx unit is on the block, Cisco receives a bold offer from start-up SalesCrunch.
WebEx_logo-feature