News Byte

DogVacay Lands $15 Million to Play Matchmaker for Pet Owners and Pet-Sitters

DogVacay, the marketplace that matches pet owners with pet hosts, has landed a $15 million Series B investment led by Foundation Capital. The round also included investments from current investors First Round Capital and Benchmark Capital, as well as new investors DAG Ventures and Sherpa Ventures.

Former Twitter Product Lead Mitali Pattnaik Joins Foundation Capital as EIR

In her new position, the entrepreneur in residence will focus on collaborative consumption startups.
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News Byte

Former Facebook Marketer Jonathan Ehrlich Named Foundation Capital Partner

Foundation Capital, which counts Lending Club, Pocket and Motif Investing among its investments, has named Jonathan Ehrlich as a partner. Ehrlich had been an entrepreneur in residence at Foundation since early this year, after leaving Foundation portfolio company Copious, which he co-founded. Prior to Copious, Ehrlich was a marketing director at Facebook, where he oversaw consumer and brand marketing.

Voices

For Y Combinator Graduates, Timing Should Be Everything

Let’s not get too enamored with the coming out party.
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News Byte

Kik Raises $19.5M for Mobile Messaging Platform

While global mobile messaging app leader WhatsApp told us last week at D: Dive Into Mobile that it had no plans to build a broader platform, competitor Kik Interactive is betting all its chips on becoming a platform. And the company just got some more chips — $19.5 million in Series B funding led by Foundation Capital.

ForgeRock, an Identity Manager, Lands $15 Million Series B

Who knew keeping track of sign-in credentials was such a big business?
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Voices

Why We Must Think Bigger

Today, investors are less interested in transformative companies and more interested in trendy, “quick response” ones.
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News Byte

Early Twitter Product Manager Anamitra Banerji Named Partner at Foundation Capital

Almost one year after joining Foundation Capital as an entrepreneur in residence, Anamitra Banerji has been hired as a full partner to the venture firm. Banerji was Twitter’s employee No. 30 and first product manager, and was instrumental in the creation of Twitter’s ad product, the Promoted Suite. He’ll focus on sniffing out startups in the mobile, commerce and marketing space.

Violin Memory to Acquire GridIron Systems

A batch of patents to improve on the product.
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News Byte

Pocket Raises $5 Million for Read It Later Service

Pocket, the Web bookmarking/sharing service formerly known as Read It Later, has raised a $5 million B round, led by previous investors Foundation Capital; Baseline Ventures and Google Ventures also put more money into the company. The company says it has six million users who save more than a million items a day, and is integrated with apps like Twitter and Flipboard. Competitors include Instapaper as well as Apple, which has built a “reading list” function into its operating system.

Blake Krikorian Joins FreeWheel Board