Kleiner Perkins today announced that Mamoon Hamid will be joining the firm as a general partner and managing member. Hamid has a proven track record of investing in many of the leading enterprise startups of the last decade - including early investments in Slack, Box, Yammer, Intercom and Netskope, where he also served on the board of directors. Hamid spent the last six years as the co-founder of Social Capital, where he led the firm's venture practice. Before that, he was a partner at USVP.
Hedge fund manager Elliott Management Corp’s private equity affiliate Evergreen Coast Capital has made an undisclosed investment in ASG Technologies. Credit Suisse and SunTrust Robinson Humphrey served as lead financial advisers to Evergreen Coast Capital on the transaction. Based in Naples, Florida, ASG is a provider of enterprise IT software. MENLO PARK, Calif.–(BUSINESS WIRE)–Elliott Management Corporation, led by its Menlo Park affiliate Evergreen Coast Capital, today announced that they have completed a strategic investment into ASG Technologies, the Naples, Florida-based enterprise IT software company with leading products in content management, systems management, workspaces and enterprise data intelligence. Elliott intends to...
Peloton Technology, a company developing automated truck technology, has closed a $60 million Series B funding round. Omnitracs, a global pioneer of fleet management solutions, led the round, which also included existing investors Intel Capital, DENSO International America, BP Ventures, Lockheed Martin and more.
Snap isn’t the only startup that thinks now is the time to go public. Enterprise software company Okta officially filed for an IPO on Monday and plans to trade on NASDAQ under the stock ticker “OKTA.”
The first big enterprise tech IPO of 2017 was supposed to be AppDynamics, but Cisco scooped it up for a premium price the day before it was scheduled to start trading.
Dublin and London-based Frontline Ventures, an early-stage venture firm, has closed its second fund at 60 million euros. The firm backs B2B software companies, making investments that are between 200,000 euros and 3 million euros. Frontline Fund II’s limited partners include Ireland Strategic Investment Fund, Enterprise Ireland, European Investment Fund, Allied Irish Banks, various pension funds and family offices.
Hewlett Packard Enterprise Co. has agreed to acquire Cloud Cruiser, the second startup HPE has agreed to purchase in less than a week. Cloud Cruiser -- which was founded in 2010 and had raised roughly $20 million in venture financing -- helps companies track and control the use of public and private cloud computing.
Introducing Trusted Insight's Venture Capital Recap, a compilation of the most important venture capital news from this week. Here are the stories you may have missed:
Pact has appointed veteran impact investment fund manager Miguel Granier to lead Pact Ventures, a Pact business unit serving communities across the world through impact investing and social enterprise development. Granier brings more than 13 years of experience in social enterprise. He joins Pact from Invested Development, a successful impact investing management firm that he founded in Boston in 2009.