• Startups

    7 Startup Funding Headlines I Didn’t Have Time to Write Today

    The Creators of PerkyJerky – Beef Jerky with caffeine in it – Raise $2.3M Source: Regulatory Filing More: Company Website WestView Capital Partners has filed its intent to raise a $430M 3rd fund. Source: Regulatory Filing Atlanta-based GetOne raised a seed round of $515K for their digital loyalty rewards startup Source: Regulatory Filing Scale Venture Partners has filed its intent to raise a $300M 4th fund and lists Stacey Bishop, Kate Mitchell, Rory O’Driscoll, and Rob Theis as General Partners Source: Regulatory Filing Their previous fund of $250M closed in February 2010 and there are 4 GPs listed on the previous fund who are not listed on the new filing:…

  • Posts,  Startups

    Judge and Prepare to Be Judged

    Much of the feel good media coverage of startups today is so superficial and manufactured it can hardly be called news. Investigative journalism covering tech startups is extremely rare, and when it does happen it’s written in a snarky fashion full of speculation, rather than research and data. That’s why for the past month I’ve been indexing startups and tracking their momentum using dozen of signals from public data sets. The analysis reveals up-and-coming companies who deserve more attention, and also highlights companies that are not growing or have headed into decline. Go to any bar, any coffee shop, any coworking space. They’re talking about which startups are going to…

  • Posts,  Startups

    April 2013 Startup Index: 1,183 Companies – 71% Are Growing

    Through the startups indexes I’ve been creating in the past month I’ve developed a database of over 1,000 companies with dozens of signals each. This list includes ALL the startups in my database, across all the portfolios that have been indexed so far, ranked by momentum. Of the 1,183 startups in the index 71% (844) exhibited positive growth in the month of April across the signals we are tracking. SUBMIT YOUR STARTUP TO THE INDEX Why I’m Writing These Posts Many commenters and friends have asked why I’m doing this and not working on my startup. In case it wasn’t obvious, this is our startup and these posts are our…

  • Startups

    Metromile Raises $10M More for Per-Mile Car Insurance

    Metromile revealed in a regulatory filing yesterday that they have raised $10M in a round of funding. They previously raised $4M in December 2012 from New Enterprise Associates, Index Ventures, First Round Capital and others. The service offers the first ever pay-per-mile car insurance which does exactly what is says charging drivers only for the miles they actually drive. Metromile customers put a sensor in their car which detects the distance travelled and sends them a monthly bill. The company initially launched to customers in Portland, Oregon due to regulatory restrictions but the team is based in the San Francisco Bay Area. It looks like it still isn’t available in…

  • Startups

    Seenu Banda Raises $6.5M Series A for Stealth Startup Kaybus

    According to a regulatory filing stealthy startup Kaybus has raised $6.5 in a Series A funding round. The company’s website doesn’t reveal much about what they’re doing but does say they are hiring for software engineers who know Ruby, Java, Javascript and NodeJS. Bandu’s EIR profile on the Artiman Ventures website says: He is the founder and was the CEO of Net Devices, responsible for the company’s strategic direction and corporate management. NetDevices was acquired by Alcatel-Lucent in 2007. He stayed with Alcatel-Lucent for 4 years as VP of Solutions Marketing and later as VP of Sales for South Asia. Prior to NetDevices, he was Senior Director of Marketing at…

  • Startups

    Viddy Raises $2.8 Million from New Enterprise Associates & Battery Ventures

    According to a regulatory filing social video sharing service (and Vine competitor) Viddy has raised $2.9M in an equity round from New Enterprise Associates and Battery Ventures. The filing indicates that Pete Sonsini of NEA and Brian O’Malley of Battery are now on the Board of Directors. Viddy received a ton of buzz about a year ago for reportedly raising a $30M Series B at a $370M valuation, which NEA was part of according to TechCrunch. A regulatory filing from April 2012 shows that deal did happen, so this investment is in addition to that round. I’ve got to wonder how much of the $30M raised a year ago has…

  • Startups

    Graphicly Raises $300,000 Using MicroVentures P2P Funding Platform

    Graphicly, a tools and distribution platform for visual stories like digital comics and children’s books, raised $300,000 on the MicroVentures according to an SEC filing today. This funding comes in addition to It is unclear whether this investment rounds out the $1M announced earlier this year, or additional funding, but often with crowd funding platforms a seperate entity is formed for each of the smaller investors to commit capital, and that entity in turn invests in the startup. This also keeps the cap table much simpler. I’m digging in further to find out how MicroVentures works. In 2010 Graphicly participated in Bizspark and made this video (below), which discusses the…

  • Startups

    Weekly WTF: Barking Apps Files S-1 to Raise $100,000 on OTCBB

    Usually I skip over S-1 filings unless they are by companies whose names I recognize. It’s unlikley a tech company will suddenly go public without getting on the radar of the tech press in the years leading up to IPO. That’s why this S-1 filing from Barking Applications caught my eye today, and upon closer examination I’m quite confused as to why they’d want to raise $100k by listing on the OTCBB (Over-the-Counter Bulletin Board). Even more baffling is why any retail investor would consider this company a good investment after reading the prospectus. Solo founder (who only works 30 hours a week!): We currently have no employees other than…

  • Posts,  Startups

    Mobile Labs Raises $2.9 Million for Enterprise Software Testing

    According to an SEC filing today, Atlanta-based enterprise software testing company Mobile Labs has raised $2,962,729 from undisclosed investors in an equity financing. The company was founded in 2011 and is lead by President & CEO Don Addington. Advisory board members include Neil Edwards, who is President of PangoUSA in New York. According to the Mobile Labs LinkedIn page, has grown to 12 employees. The company provides secure 24/7 testing for enterprise mobile applications on private internal cloud infrastructure while managing applications, devices, users and test plans in the enterprise test lab. While many testing tools exist for consumer apps, Mobile Labs appears to be focused on the closed environment…

  • Startups

    Good Technology Raises $50M Equity Round

    According to an SEC filing today, enterprise software company Good Technology has raised $50,000,005 from undisclosed investors in a equity round of financing. Crunchbase data appears to be out of date, showing its most recent funding event in 2005. However, according to the EDGAR database prior funding events not listed on Crunchbase include $51.3M raised in October 2006. The company was founded in 1996 and is estimated to have raised a total of $223.3M to date. I will update this post as I learn more.