VC Drought? 70 Million Exceptions To The Rule - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Mobile // Mobile Applications
Commentary
10/31/2008
05:17 PM
John Foley
John Foley
Commentary
Connect Directly
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%

VC Drought? 70 Million Exceptions To The Rule

Anxiety is high in Silicon Valley over an anticipated decline in VC funding, but investment money hasn't dried up yet. In the past few days, a handful of startups have pulled in $70 million.

Anxiety is high in Silicon Valley over an anticipated decline in VC funding, but investment money hasn't dried up yet. In the past few days, a handful of startups have pulled in $70 million.Here's an ad hoc tally of recent deals:

Data warehouse appliance maker Dataupia has secured $10 million in additional Series B financing, the Journal of New England Technology reports today.

The BlackBerry Partners Fund doled out $16.7 million to three companies: $3.2 million to Buzzd, a mobile city guide and social network; $5.5 million to Digby, developer of a secure wallet and location-based service for mobile shopping; and $8 million to WorldMate for its travel-based service.

Syncplicity, a new company offering online data management, has received $2.35 million from True Ventures and other private investors. Syncplicity specializes is what it calls "active data," or data that's worked on by multiple users or updated frequently.

Israel-based LucidLogix Technologies, maker of graphics-processing technology called Hydra, has secured $18 million in Series C of funding from Rho Ventures, Genesis Partners, and Giza Venture Capital.

Last week, social networking site LinkedIn disclosed that it's taking $22.7 million in another round of funding, on the heels of a $53 million infusion a few months earlier. New investors include Goldman Sachs, McGraw Hill, and SAP Ventures.

Every day I get a call or message from another startup wanting to talk about how it's navigating through the approaching storm of tight-fisted investors and customers. The subject line from Tableau Software, which recently closed $10 million in funding, is typical: "Bucking the trend: startup profitable, hiring, growing."

Optimism springs eternal among startups. Let's see if eternal lasts into the next quarter.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Slideshows
Top-Paying U.S. Cities for Data Scientists and Data Analysts
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/5/2019
Slideshows
10 Strategic Technology Trends for 2020
Jessica Davis, Senior Editor, Enterprise Apps,  11/1/2019
Commentary
Is the Computer Science Degree Dead?
Guest Commentary, Guest Commentary,  11/6/2019
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
Slideshows
Flash Poll