The Daily Startup: Accel Scores $2 Billion in New Funds


This post is by Russ Garland from Venture Capital Dispatch


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dailystartup_D_20090806101628.jpgArt by Mike Lucas

Accel said it raised $2 billion in new funds, one of several big Silicon Valley venture firms that have recently raised funds close to or in excess of $1 billion. The funds include a thirteenth early stage fund of $500 million, which is consistent with the size of previous early stage Accel funds, and a $1.5 billion growth fund, the fourth such fund since 2008. They were raised in eight weeks, the firm said. Accel’s growth funds have grown consistently larger–the last one, closed in 2014, was $1 billion, according to Dow Jones VentureSource. The firm defines growth investing as being the first venture money in to a company that’s achieved some size without previous funding. An example is the Australian software tools maker Atlassian Pty. Ltd., which is now public.

ALSO IN TODAY’S VENTUREWIRE (subscription required):

Bot Home Automation Inc., which does Continue reading “The Daily Startup: Accel Scores $2 Billion in New Funds”

Connected Doorbell Company Ring Buzzes In $61.2M


This post is by Cat Zakrzewski from Venture Capital Dispatch


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Ring announced the release of the Ring Video Doorbell Pro on Wednesday. The new product came as the company announced funding from Kleiner Perkins Caufield & Byers.
Bot Home Automation Inc

Bot Home Automation Inc., which does business as Ring, raised $61.2 million in Series C funding led by Kleiner Perkins Caufield & Byers.

The Santa Monica, Calif., company produces Wi-Fi-connected video doorbells, which allow users to remotely see who is standing at their door from their phones. The product gives users a notification when someone rings the bell or if its motion sensors detect someone in front of the house.

The company declined to disclose its valuation. PitchBook Data Inc. reported the company’s valuation jumped from $63.6 million to $202 million.

Chief Executive Jamie Siminoff said his goal is to use technology to make neighborhoods safer.

Mr. Siminoff said the inspiration for Ring, like many Continue reading “Connected Doorbell Company Ring Buzzes In $61.2M”

The Daily Startup: Virgin’s Branson Backs Ring’s Smart Doorbell


This post is by smartin from Venture Capital Dispatch


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dailystartup_D_20090806101628.jpgArt by Mike Lucas

Entrepreneurs are working ever-new angles for putting technology into homes — from smart locks, doorbells, thermostats and much more. Virgin Group founder Richard Branson is joining a $28 million Series B round in Ring, maker of a video doorbell.  The startup’s video doorbell and motion detection system  sells for about $199 and helps people to use smartphones to see and speak with anyone who is at their front door. Customers can also pay to record video and back it up to a personal cloud. Ring plans to use the funding to help boost its sales in the U.S. and internationally.

ALSO IN TODAY’S VENTUREWIRE (subscription required):

Mirantis Inc., a cloud software company, has raised $75 million in equity, according to a regulatory filing, less than a year after raising $100 million in a round led by August Capital and Insight Venture Partners.

AlienVault Inc. Continue reading “The Daily Startup: Virgin’s Branson Backs Ring’s Smart Doorbell”