Google, Platfora, DataSift: Bay Area Venture News by the Numbers
We don’t try to cook up stories on every Series A, B, C, or D round raised by Bay Area startups. But there seemed to be an extra helping of fundraising deals and other venture-related news over the past few days, so here’s a roundup. From biggest to smallest:
$1.5 billion—The new size of Google Ventures‘ investing fund. The venture wing of the search giant previously had about $200 million per year to work with; that’s been upped to $300 million per year over the next five years. “Our mission has always been to find and invest in the most disruptive and interesting founders, and we want to do more of this,” managing partner Bill Maris said in a blog post.
$65 million—A Series D round for Pearl Therapeutics, the Redwood City, CA-based developer of inhalable therapeutics for chronic obstructive pulmonary disease and other respiratory conditions. Vatera Healthcare Partners, 5AM Ventures, Clarus Ventures, and New Leaf Ventures ponied up.
$23 million—Series B funding for Xtime, a Redwood Shores, CA-based maker of hosted customer relationship management (CRM) software for auto dealerships. Bessemer Ventures led the round, with Lumia Capital, RPM Ventures, and Saints Capital also participating.
$20 million—A Series B round for San Mateo, CA-based Platfora, a company that builds business intelligence software for Hadoop users. Backers included Battery Ventures, Andreessen Horowitz and Sutter Hill Ventures.
$15 million—Series B funding for DataSift, which builds tools that help companies analyze social media data. The money came from Scale Venture Partners, Daher Capital, and Northgate Capital.
$6.25 million—New funding for San Francisco-based Swrve, which is developing a tracking and targeting system that helps mobile game developers earn more from players. Atlantic Bridge Partners and Intel Capital led the round.
$4 million—Series B funding for DoubleDutch, builder of a series of mobile-friendly CRM apps. Floodgate, Bullpen Capital, and Lightbank ponied up. The company is based in San Francisco.
$2 million—New funding for Corona Labs, a Palo Alto, CA, startup making software to help developers build cross-platform mobile apps. Merus Capital and Western Technology Investment provided the funds.