Lattice Engines Raises $28 Million

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Lattice Engines, the leading provider of predictive marketing and sales applications, today announced it has closed a $28 million Series D financing round. River Cities Capital Funds and Piper Jaffray Merchant Banking led the round; other investors included Blue Cloud Ventures and previous Lattice investors Sequoia Capital and New Enterprise Associates (NEA). This round brings total investment in Lattice to $75 million.

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PR Newswire

TapAd Secures $18.5 Million Round To Grow Licensing Business And Expand Product Offering to Include Linear TV; Closes Record Q1’15 Up 94% over Q1’14

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New York—May 13, 2015— Tapad, the leading provider of unified cross-device marketing solutions, has announced the closing of its Series B-2 round for $18.5 million.  On the heels of another record year in both revenues and client growth, Tapad recently closed a stellar Q1, outperforming the same period in 2014 by 94%. Tapad will apply the funding in part to bolstering its burgeoning licensing business. The company began extending access of its proprietary cross-screen Device GraphTM throughout the marketing technology ecosystem in 2014.  Current licensing partners include Datalogix (Oracle), Magnetic and eXelate (Nielsen), among others. The company will also continue to expand its product offering, including a soon-to-be-announced foray into linear TV measurement.

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Wall Street Journal

Startup Conductor Lands $27M to Help Brands Emerge in Web Searches

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Marketing-software startup Conductor Inc. landed $27 million in growth equity to help brands surface in Web search results, the company’s founder and Chief Executive Seth Besmertnik told Venture Capital Dispatch. The New York company is now valued at between $100 million and $200 million, Mr. Besmertnik said, declining to give a more precise figure. Growth equity firm Catalyst Investors led the Series D round, with existing investors FirstMark Capital, Matrix Partners and Investor Growth Capital participating, alongside new backer Blue Cloud Ventures. Conductor is helping brands reach consumers in ways that are more natural, and, Mr. Besmertnik contends, more likely to get a response than the paid media channels like banner ads and promotional mail.

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TechCrunch

CloudBees Raises $23.5M Funding Round Led By Lightspeed Venture Partners

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CloudBees, a service that focuses on providing enterprise solutions around the open-source Jenkins continuous integration engine, today announced that it has raised a $23.5 million Series D funding round led by previous investor Lightspeed Venture Partners. Other participants in this round include existing investors Matrix Partners, Verizon Ventures and Blue Cloud Ventures.

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Entrepreneur

Will Corporate Venture Capital Disrupt the Traditional Investment Ecosystem?

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Corporate venture capital is picking up speed in the investment industry, as large companies start setting aside funds for external investment in fledgling companies or startups. Tech giants like Intel, Dell and AMD all have strong track records with their proprietary funds, and more companies like Microsoft and Salesforce are now entering the venture-fund game. During the past four years more than 475 corporate venture funds have started, bringing the worldwide total to more than 1,100, according to Global Corporate Venturing.

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PE HUB

Blue Cloud Ventures Exits BeyondTrust

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NEW YORK, NY (Marketwired Oct 9, 2014) Blue Cloud Ventures (BCV), a growth and late-stage co-investment firm that focuses on cloud-based enterprise software companies, announced today that it has exited its investment in BeyondTrust, the leading provider of identity management software solutions.

BeyondTrust became one of BCV’s 10 portfolio company investments in 2012. In September 2014, private equity firm Veritas Capital acquired BeyondTrust for $310 million. BeyondTrust is a great example of the types of successful, innovative and disruptive companies Blue Cloud Ventures aims to work with, said Rami Rahal, Co-Founder and General Partner of BCV. We are glad that BeyondTrust found the right financial and strategic partner to team up with and continue on its innovation and growth trajectory as a leading cybersecurity software platform.

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Market Wired

Blue Cloud Ventures Announces Success of First Fund

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NEW YORK, NY–(Marketwired – Sep 9, 2014) – Blue Cloud Ventures (BCV), a growth and late stage co-investment fund that focuses on cloud-based enterprise software companies, announced today the completion of its tenth investment. The fund portfolio includes some of the most innovative and disruptive SaaS companies in the market. All 10 investments were made within 20 months of launching BCV’s first fund.

“Blue Cloud Ventures is uniquely positioned to partner with — rather than compete with — growth and late stage VCs,” said Rami Rahal, Co-Founder and General Partner of BCV. “We work closely with tier-1 VC and PE firms on expeditiously co-investing in the last round of funding for their portfolio companies. With BCV, companies are able to raise appropriately-sized pre-IPO or pre-exit rounds and avoid bringing in a new late stage fund that could have a strict, large investment amount requirement and potentially extend the investment horizon.”

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Bloomberg News

Veritas Capital Agrees to Acquire BeyondTrust for $310 Million

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Veritas Capital, the New York-based private-equity firm that targets companies providing government services, agreed to buy BeyondTrust Software Inc. for $310 million. BeyondTrust, based in Phoenix, is a closely held information technology security company that develops products to stymie hackers and curtail identity theft. The motivation is to build a world class security-software company, Kevin Hickey, president and chief executive officer at BeyondTrust, said in an interview. Veritas was looking for a strong software platform, and that’s a differentiating factor for us. We want to get deeper into the federal government space.

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VentureBeat

Resumator grabs $15M because investors can’t get enough recruiting software

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If the injection of capital indicates popularity, recruiting is a hot commodity. Resumator, a recruiting software that finds use from Major League Baseball, HubSpot, and Wedding Wire, snagged $15 million in financing today. The company will use the funds to expand its internal teams, create new products, develop new partnerships, and delve further into its current markets. This round was led by Boston-based Volition Capital. Previous investors, Birchmere Ventures and Rincon Venture Partners also participated along with newcomers Riverfront Ventures and Blue Cloud Ventures. This brings Resumator’s total investments to $18 million.

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The Wall Street Journal

Vidyo Raises Still More Money for Video Ambitions

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Vidyo CEO Ofer Shapiro says his company has been taking in revenue for six years, enough time for many companies to start funding operations with sales alone. But he’s not shy about going back to investors. The videoconferencing specialist on Friday is announcing a $20 million infusion Vidyo’s Series E round to bring the total raised since its founding in 2005 to $139 million. Shapiro says the announcement should not be interpreted as a sign the 300-person company could not sustain itself. The point is, rather, that there are new opportunities that call out for spending right away.

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