Dropbox, Tidemark, Livefyre: Bay Area BizTech News by the Numbers
Numbers make the world go round—and Dropbox is seeing some big ones this week.
$1.2 billion—The likely closing size of the tenth fund at San Francisco- and Chicago-based private equity firm Thoma Bravo, according to a report today from peHub.
Nine digits—The dollar value of Apple’s rejected bid for document sharing startup Dropbox back in 2009, according to this week’s cover story in Forbes. MacRumors put the offer price at $800 million. Dropbox founder Drew Houston, who idolized Steve Jobs, “was determined to build a big company…and wasn’t selling, no matter the status of the bidder,” according to the Forbes article.
$250 million—The amount of Series B funding actually raised by Dropbox, according to an announcement today. A long list of investors participated, including Index Ventures, Benchmark Capital, Goldman Sachs, Greylock Partners, Institutional Venture Partners, RIT Capital Partners, Valiant Capital Partners, Sequoia Capital, and Accel Partners. Dropbox’s previous funding amounted to $7.2 million, so the massive Series B round may represent one of the biggest jumps in valuation on record for a Silicon Valley startup.
$4.7 million—The rough size of a new funding round for Tidemark, formerly known as Proferi. The Redwood Shores, CA, startup makes cloud-based business intelligence and analytics tools for big companies. Existing investors Greylock Partners, Andreessen Horowitz, and PeopleSoft founder Dave Duffield ponied up the funds.
$4.5 million—A Series B round announced today for Livefyre, the San Francisco startup offering a new type of real-time commenting system for Web publishers. Greycroft Partners led the round, which was joined by Cue Ball, HillsVen Group, and ff Venture Capital. Xconomy profiled Livefyre in July 2010.
$3,375,000—The total amount of venture funding raised by Cupertino, CA-based Vivu, which has been acquired by Pleasanton, CA-based Polycom for an undisclosed sum. Vivu developed software for high-definition video conferencing from personal computers; its backers included Amidzad Partners, Draper Fisher Jurvetson, Quest Venture Partners, and Inventus Capital Partners.
More than 600—The number of customers at Endeca, the Cambridge, MA-based enterprise search company acquired today by Redwood Shores, CA-based database giant Oracle. Terms of the acquisition weren’t disclosed. Endeca had raised at least $75 million in venture capital from Bessemer Venture Partners, Venrock Associates, Ampersand Ventures, Intel Capital, DN Capital, and SAP Ventures.