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Notable Venture Capital-Backed Deals and Exits - July 19-26, 2012

by Kevin Smith

  • 26 Jul 2012
  • PE

In the venture capital space this week, Nicira Networks, a five-year old software company backed by Andreessen Horowitz, Lightspeed Venture Partners, and New Enterprise Associates, was sold to VMware for $1.26bn. Under the terms of the deal, VMware will pay $1.05bn to acquire Nicira, and it will also assume approximately $210m in unvested equity awards to Nicira shareholders. The boards of both companies have approved the deal, which they think will close before the end of the year.

Two Canada-based software companies closed venture capital funding rounds this week. Chaordix, which specialises in crowdsourced market intelligence, completed a $1.5mn Series A funding round led by Yaletown Venture Partners, with the Business Development Bank of Canada also participating. Datacratic, a software company focused on enabling real-time marketing and personalization for e-commerce websites and data management platforms, among others, has closed $2mn in Seed financing. New investor BDC Venture Capital led the round and was joined by returning backer Real Ventures.

US-based TaskRabbit, a web and mobile marketplace that helps individuals and small businesses in a community outsource their tasks and deliveries, has raised $13mn in a round of Series C funding this week. The latest round was led by Peter Thiel’s Founders Fund and included existing investors, 500 Startups, Baseline Ventures, Shasta Ventures and Lightspeed Venture Partners.

Mashery, a US-based provider of API management tools and strategic services, has closed a $10mn VC round of financing. OpenView Venture Partners led the round with participation from existing investors Cisco Systems, Formative Ventures, First Round Capital, and .406 Ventures.

WhoSay Inc, a social media tool for celebrities, has secured $12mn in Series C funding, led by Comcast Ventures. Other investors in the round include Greylock Partners, Amazon, High Peaks Ventures and China-based Tencent.

Elsewhere in the US, web applications developer Meteor Development Group raised $11.2mn in a Series A funding round this week led by Andreessen Horowitz, with participation from Matrix Partners. Following the deal, Meteor will add SpringSource’s founder Rod Johnson to the board, while Peter Levine, partner at Andreessen Horowitz, and David Skok, general partner at Matrix Partners, will join the company as special advisors.

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