Redpoint Ventures, a veteran Silicon Valley venture capital firm, has started rounding up investments for its next early-stage fund, according to two people familiar with the situation, Yuliya Chernova and Hillary Canada report for Dow Jones VentureWire. Redpoint, established in 1999, has backed companies including Nextdoor and RelateIQ. Last year, Redpoint companies 2U and Zendesk went public. Older investments include Netflix, TiVo and HomeAway . The The Menlo Park, Calif.-based firm looks to raise a fund of roughly the same size as its previous vehicle, the people familiar with the situation said. Redpoint closed a $400 million early-stage fund, Redpoint VenturesV LP, in 2013, following a fund of similar size raised in 2009. It also raised a $400 million growth fund in 2011. The new fund It probably would finish fundraising around midyear, one person said.
ALSO IN TODAY’S VENTUREWIRE (subscription required):
PlayVox has raised $1.5 million from a corporate venture investor in Colombia to make call centers better to places to work. PlayVox has developed a dashboard that is designed to make it more fun for call center workers to achieve their goals.
Healthy Ventures, an early-stage medical technology investor, has raised $10.7 million toward its inaugural fund, a regulatory filing said. Enmi Kendall, one of two founders and general partners at the newly launched San Francisco firm, said Healthy Ventures is still raising its fund, but declined to say what its target amount is.
LiveLoop, a San Francisco startup that developed a service to let people collaborate on PowerPoint documents, was acquired by Microsoft . A brief statement from Microsoft said the LiveLoop team will help Microsoft develop new collaboration tools across various Office applications. Terms of the deal weren’t disclosed.
Handy, a repair person booking startup, has raised $15 million from investors including TPG Growth and Ashton Kutcher’s new venture fund, Sound Ventures.
(VentureWire is a daily newsletter with comprehensive analysis of all the investments, deals and personnel moves involving startups and their venture backers. For a two-week trial, visit http://on.wsj.com/DJPEVCNews, scroll to the bottom and click “try for free.”)
ELSEWHERE AROUND THE WEB:
Kleiner Perkins Prevails in Gender-Discrimination Trial. The much-watched gender-discrimination trial against Kleiner Perkins Caufield & Byers came to an end Friday when the jury found that the firm didn’t discriminate or retaliate against former junior partner Ellen Pao, The Wall Street Journal’s Jeff Elder reports. The long legal saga ended with a bizarre day in the courtroom, with one juror changing his vote mid-verdict. Venture investors and people who work in tech took to Twitter to weigh in on the case, including many who the hashtag #thankyouellenpao.
GitHub Comes Under Cyberattack. The coding website GitHub came under attack, possibly from China, the WSJ’s Eva Dou reports. Specifically, the denial-of-service attack targeted two pages: Greatfire.org, which helps Chinese users circumvent government censorship, and one that linked to a copy of the New York Times’s Chinese language website.
Slack is Hacked. The workplace collaboration service Slack announced Friday that its database had been breached in February, the WSJ’s Danny Yadron and Douglas MacMillan report. The company also announced that it enabled two-step verification for its services. The news of the breach comes just after news about the company’s new funding, which values it at $2.76 billion.
How Middlemen are Helping Silicon Valley Employees Cash in Early. The typical script in Silicon Valley is for workers to have stock potions that, if the company goes public or is acquired for a large sum, can make them wealthy. But not all employees want to wait until a company goes public, especially as many are staying private longer. With investors eager to get stock in private tech companies, Wall Street middlemen have created a murky, ad hoc market where the stocks of closely held technology companies trade largely out of sight of regulators, other investors and the companies themselves, the WSJ’s Susan Pulliam and Telos Demos report.