News Byte

SendGrid Raises $21M to Send Even More Emails

SendGrid has raised $21 million in a Series B round of funding led by Bessemer Venture Partners. The Boulder, Colo.-based company sends 2.6 billion personalized emails per month to users of services like Pinterest, Airbnb and Path — with 26 billion total emails sent over the past two-and-a-half years.

News Byte

Piazza Raises $6M for College Class Discussion Platform

Piazza, a Q&A service for discussions of college coursework with the approval and participation of instructors, has raised $6 million in a round led by Bessemer Venture Partners and including Kapor Capital and Felicis Ventures. The company said it has 100,000 users — many of them in computer science and math classes — and that its average daily login lasts four hours.

Millennial Media Tries Cashing In on Mobile Ad Boom With IPO

It’s the first player in the small, rapidly growing mobile ad business to go public instead of selling to a bigger fish.
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News Byte

Twilio Nabs $17 Million More in Funding From Current Investors

Twilio, whose technology lets developers build telephony and messaging into their apps, announced Wednesday that it has raised $17 million from Bessemer Venture Partners and Union Square Ventures — two of its existing investors. The San Francisco-based company, which has around 100 employees, plans to use the money to help fuel continued hiring and international expansion.

eBay Buys Hunch

One of a string of pickups for eBay.
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Shopify Picks Up $15 Million as It Faces New Competition From eBay

Shopify has secured $15 million in a second round of funding — which might give it the extra padding it needs after eBay announced last week that it had entered the same space.
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Box.net Raises $81 Million Expansion Round

On the heels of raising a $48 million Series D financing in February, enterprise application maker Box.net has closed an $81 million expansion round of capital.

Exclusive: Pinterest Closes New $27M Round With Andreessen Horowitz Valuing Start-Up at $200M

That’ll buy a lot of digital pushpins.
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Reputation.com Raises a New $41 Million Round

Reputation.com has raised a $41 million round of funding, as the online privacy start-up aims to expand its business with new offerings. The new round was led by venture-capital firm August Capital, with participation from Insight Capital and existing investors including Jafco Ventures, Kleiner Perkins Caufield & Byers and Bessemer Venture Partners, said Reputation.com CEO Michael Fertik.

VC Fundraising Has Best Start Since 2001

The U.S. venture-capital industry had its best fund-raising start since 2001 as three firms dominated, Thomson Reuters and the National Venture Capital Association said Monday.

Millennial Media Acquires TapMetrics