Bay Area Deals News: AlienVault, Check, HotelTonight, StartX & More
[Updated and corrected, see below] It’s time for one of our (infrequent) roundups of local venture funding announcements and other deals.
—San Mateo, CA-based AlienVault, which helps companies assess security vulnerabilities in their IT systems, announced today that it has completed a $26.5 million Series D investing round, with GGV Capital in the lead. Existing investors Trident Capital, Kleiner Perkins Caufield & Byers, Sigma West, and Adara Venture Partners all ponied up, as did new investors Top Tier Capital and Correlation Ventures.
—Menlo Ventures is the lead investor in a $24 million Series C round for Check, the consumer financial tracking service formerly known as Pageonce. Existing backers Morgenthaler Ventures and Pitango Venture Capital also participated. The investment brings Check’s total venture pot to about $47 million.
—HotelTonight, the San Francisco-based maker of a mobile app that helps travelers make last-minute hotel reservations, said today that it has raised $45 million in Series D funding. Coatue Management led the round, which also included new investors GGV Capital, as well as existing investors Battery Ventures, Accel Partners, U.S. Venture Partners, and First Round Capital. The two-year-old startup has raised just north of $80 million overall.
—StartX, the Palo Alto, CA-based startup accelerator for Stanford affiliates, says it will be able to scale up its operations with help from a three-year, $3.6 million grant from Stanford University and Stanford Hospitals & Clinics. Separately, using capital from the university and the hospital system, as well as cash raised by StartX, the three entities have created the Stanford-StartX Fund, which will participate as a minority investor in StartX-incubated startups. [Corrected 11:55 am 9/5/13: An earlier version of this item stated that the grant money will go into the Stanford-StartX Fund. It won’t.]
—San Francisco-based LittleCast, which helps independent content creators sell access to video programs through Facebook and mobile apps, came out of stealth mode and announced that it has raised $2 million in seed funding from an undisclosed group of tech and entertainment investors. LittleCast’s founders are Stephen Ackryoyd, CEO of Touch Adventures; Amra Tareen, founder of Allvoices; and Pascal Levensohn, a managing partner at Levensohn Venture Partners and CEO of Generation Strategic Advisors.
—[New item] Hearsay Social, the San Francisco-based provider of services that help distributed companies coordinate social media marketing, said today that it has collected $30 million in a Series C financing round led by its existing backers, Sequoia Capital and NEA. That brings Hearsay’s total funding to $51 million.