SolarCity, Vidyo, Google+: The Bay Area By the Numbers
Time for our occasional index of venture funding, M&A, and other biztech-related deals from around the San Francisco Bay Area. If it’s got a number in it, we’ll try to report it.
$275 million: The size of a Department of Energy loan guarantee being sought by SolarCity, the Foster City, CA-based provider of financing for rooftop solar installations. Last week SolarCity asked for more time to file additional documentation for the loan; the DOE requested the new paperwork after Fremont, CA-based Solyndra, which had received more than $1 billion in federal loans and loan guarantees, went bankrupt.
43.4 million: The number of Google+ subscribers as of September 22, according to an estimate by statistician and Ancestry.com founder Paul Allen. Google opened the social networking service to the general public on September 20. The September 22 figure represented a 30 percent increase in two days.
$22.5 million: The amount of a Series D financing round announced last week for Vidyo, the Redwood Shores, CA- and Hackensack, NJ-based maker of video conferencing sofwtare. QuestMark Partners led the round, with existing investors Menlo Ventures, Rho Ventures, Star Ventures and Four Rivers Group joining.
$19 million: The cash price paid last week by San Francisco-based mobile marketing and advertising firm Velti (NASDAQ: VELT) for Air2web, maker of a mobile customer relationship management (CRM) software. Velti said the acquisition “deepens Velti’s U.S. footprint and provides it improved access to carriers and verticals such as the financial services industry.”
$13.5 million: The amount of Power Assure‘s Series B financing round, announced today. Strategic investor ABB led the round, which was joined by existing investors Draper Fisher Jurvetson, Good Energies, and Judith Point Capital. The Santa Clara, CA-based company makes software for managing power consumption in data centers.
$11 million: A Series C round announced today for Quantance, a San Mateo, CA startup that makes power supplies for 4G smartphones, tablets, and data cards. TD Fund, Granite Ventures, InterWest Partners, and DoCoMo Capital participated in the round.
$9 million: A Series B funding round announced September 23 for Menlo Park, CA-based Mintigo, which uses big-data analytics software to crawl the Web in search of customer prospects for clients. Sequoia Capital and Giza Venture Capital led the round.
$5.5 million: A Series B round announced last week for Magisto, a San Francisco startup offering automated video editing services for consumers. Horizons Ventures led the round, with original investor Magma Venture Partners joining in.
357: The number of days Leo Apotheker held the CEO title at Hewlett-Packard. Apotheker was replaced last week by former eBay CEO and California gubernatorial candidate Meg Whitman.