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BAY AREA TECH WIRE -- Dec. 14, 2016
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o Redwood City-Based BlueVine Secures $49 Million in Fourth Round
o San Francisco-Based Tripping.com Lands $35 Million in Third Round
o Foster City-Based Conversica Raises $34 Million in Second Round
o S.F.-Based Golden Gate Capital to Acquire Neustar in $2.9 Billion Deal
o Mountain View-Based Hippo Raises $14 Million in First Round
o Santa Clara-Based Ayla Networks Names CFO and General Counsel
o Briefly Noted: FTC - AshleyMadison.com
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o Redwood City-Based BlueVine Secures $49 Million in Fourth Round
Redwood City, Calif. -- BlueVine, a Redwood City-based online provider of financing to small businesses, said on Wednesday it has secured $49 million in its fourth round of funding. Participants included previous backers Lightspeed Venture Partners, Menlo Ventures, 83North, Citi Ventures, Rakuten FinTech Fund and Silicon Valley Bank. Launched in early 2014, BlueVine is designed to help small businesses obtain quick access to funds to purchase inventory, cover expenses and expand operations. The company said it will use the latest proceeds to expand its staff and range of offerings. BlueVine offers credit lines starting at $5,000 for a business line of credit and $20,000 for invoice factoring.
https://www.bluevine.com/
http://finance.yahoo.com/news/fintech-startup-bluevine-raises-49-130000057.html
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o San Francisco-Based Tripping.com Lands $35 Million in Third Round
San Francisco -- Tripping.com, the San Francisco-based operator of a search engine for vacation homes and short-term rentals, said on Wednesday it has landed $35 million in its third round of funding, led by Princeville Global. Adams Street Partners and previous backers Steadfast Venture Capital and Quest Venture Partners, as well as several individuals, also participated. Matt Krna, managing director of Princeville Global, will take a seat on the company's board of directors. Jen O'Neal, the site's founder and CEO, said the new round "will enable us to expand aggressively and build Tripping.com's brand both in the U.S. and internationally." The company said it expects to generate more than $500 million in gross bookings this year, a six-fold increase over 2015, and that it has expanded its inventory to 10 million property listings through partnerships with rental sites such as HomeAway, VRBO, TripAdvisor and Booking.com.
http://www.tripping.com
http://www.businesswire.com/news/home/20161214005347/en/Tripping.com-Secures-35-Million-Series-Funding-Announces
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o Foster City-Based Conversica Raises $34 Million in Second Round
Foster City, Calif. -- Conversica, a Foster City-based developer of artificial intelligence (AI) lead engagement software for sales and marketing, said on Wednesday it has raised $34 million in its second round of funding, led by Providence Strategic Growth Capital Partners. Toba Capital, Wellington Financial and Recruit Holdings also participated, along with previous backer Kennet Partners and founder Ben Brigham. Gopi Vaddi, managing director of Providence Strategic Growth, and Wilder Ramsey, partner at Toba Capital, have joined the company's board of directors. Conversica said it will use the proceeds to bolster its marketing and sales activities, support ongoing product development and finance the continued growth of the company. The company's core AI-powered software is designed to help sales and marketing professionals to automatically engage, qualify and follow up with their leads to more effectively turn them into customers. The company also has used the same technology to develop AI-powered assistants that automate customer lifecycle management in the automotive industry, customer success management in the software industry and loan processing in the financial services industry.
http://www.conversica.com
https://www.conversica.com/artificial-intelligence-innovator-conversica-raises-34-million-in-oversubscribed-series-b/
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o S.F.-Based Golden Gate Capital to Acquire Neustar in $2.9 Billion Deal
San Francisco -- Golden Gate Capital, the San Francisco-based private equity firm, said on Wednesday it is leading an investor group that will acquire Virginia-based Neustar, a provider of real-time information services to marketers, in a deal valued at $2.9 billion. Under the terms of the agreement, Neustar's shareholders will receive $33.50 a share in cash. An affiliate of GIC also will invest in Neustar, becoming a minority owner. "We believe this transaction will enable us to continue to execute against our strategy and strengthen our market position," said Lisa Hook, Neustar's president and CEO. "Golden Gate Capital and GIC offered us a compelling opportunity to continue to invest and pursue long-term growth with operational flexibility." The deal, which requires the approval of shareholders and federal regulators, is expected to close by the end of September.
http://www.neustar.biz
http://www.goldengatecap.com
http://www.businesswire.com/news/home/20161214005608/en/Neustar-Acquired-33.50-Share-Cash-Group-Led
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o Mountain View-Based Hippo Raises $14 Million in First Round
Mountain View, Calif. -- Hippo, a Mountain View-based online provider of home insurance, said on Wednesday it has raised $14 million in its first round of funding. Horizons Ventures led the round, which also included participation by RPM Ventures, Propel Venture Partners, GGV Capital and Pipeline Capital, as well as several individuals. Hippo said its home insurance is simple to purchase online, offers more transparent coverage than typical policies and is available at lower prices by going direct to consumers. "We took everything that's wrong with the current state of home insurance -- the confusing forms, the outdated policy terms, the agent as middleman -- and fixed it," said CEO Assaf Wand. Hippo said will use the funding for product development and marketing as it prepares to officially launch in early 2017. The company already has received regulatory approval from the California Department of Insurance to begin selling in California, and is currently in the midst of a closed beta program.
https://www.myhippo.com/
http://www.prnewswire.com/news-releases/hippo-raises-14m-from-horizons-ventures-and-fintech-dream-team-300377888.html
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o Santa Clara-Based Ayla Networks Names CFO and General Counsel
Santa Clara, Calif. -- Ayla Networks, the Santa Clara-based developer of an Internet of Things (IoT) platform for manufacturers, on Wednesday named Tom Clark as its chief financial officer (CFO) and Jessica Zhou as its general counsel. Both are newly created positions. Clark most recently was the CFO at Openwave Messaging, where he helped negotiate the sale of the company to Synchronos Technologies. Zhou most recently was the general counsel of Weebly, and earlier served as the general counsel and chief compliance officer at Canadian Solar.
http://www.aylanetworks.com
https://www.aylanetworks.com/newsroom/press-releases/Ayla-Networks-Names-CFO-General-Counsel-to-its-Executive-Team
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o Briefly Noted:
(Washington, DC) Operators of the Toronto-based AshleyMadison.com dating site on Wednesday agreed to settle Federal Trade Commission (FTC) and state charges that they failed to protect the private information of 36 million users in a massive 2015 data breach. The company, ruby Corp., will pay $1.66 million split between 13 states and the FTC, with another $17.5 million payment suspended. The settlement also requires the defendants to implement a comprehensive data-security program, including third-party assessments. According to the complaint, operators of the site used fake profiles of women to lure people into becoming paid members, then, despite assurances to the contrary, failed to protect their personal information such as date of birth, relationship status and sexual preferences.
https://www.ftc.gov/news-events/press-releases/2016/12/operators-ashleymadisoncom-settle-ftc-state-charges-resulting
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> California-based Marketing Representative - Fairfax County EDA
The Fairfax County (Virginia) Economic Development Authority seeks a Los Angeles/Orange County-based marketing and business development representative. Responsibilities include promoting Fairfax County as a technology center to California companies considering expansion to the east coast. Fairfax County, home to approximately 9,000 technology companies is located just outside of Washington DC. For further details, visit the FCEDA web site at http://www.fairfaxcountyeda.org/about-fceda/contracting-opportunities or contact Flor Morrobel at fmorrobel@fceda.org Responses are due on December 30, 2016 by 2:00 p.m. ET. Proposals submitted via email and/or fax will not be considered. Qualified applicants will be interviewed in California the week of February 6, 2017.
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> Vice President Product Management
We are looking for a strong Vice President of Product Management who will play a major growth role for a nearly 1 BN dollar, high growth, publicly traded, online marketplace and information services company, one of the leading technology companies in the United States. This is our oldest commercial client, 11+ years, and we can provide exceptional insights into the company's culture, its people, and the opportunity. In addition to the tactical Product skill sets and experiences required below, this executive must offer significant experiences interacting with C-level leaders. He or she will play an instrumental role in defining and shaping the Product function across the company, working closely with both the Division President and the Corporate CEO, and interacting daily with multiple peers in different functional areas. The company continues to grow rapidly, both organically and through acquisition. This leader will have a history of scaling a world-class product capability and team. The role is headquartered in our client's beautiful Los Angeles office. Full relocation is offered. Benefits are comprehensive. Compensation ranges from 280k - 375k, plus upfront equity and annual equity grants. Candidates must have a history of job stability, have a strong educational background, and be a pleasure to work with. The pace is fast, the opportunity to make an impact is significant, the people are bright and motivated, politics are kept to a minimum; it's very much a meritocracy. For more information or to apply, contact bill.hoffman@trustedforce.com.
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> Proven, Cost-effective IN-MARKET Support for Federal Contractors of all Sizes and Disciplines
KPYoung & Associates, Inc. provides proven, cost-effective support for Federal Contractors of all sizes and disciplines. Services include Growth Strategy; Marketing and Communications; Business Development; Capture Strategy / Proposal Response; and Business Management. Kevin Young is a long-time, Washington, DC-based resource as a Professional (IBM Federal, Unisys, SAIC); Management Consultant (Capgemini, CSC, Deloitte, Deltek, ITT, Leidos); Adjunct Professor (George Mason University's School of Business); and Thought Leader (Government Market Master™ Executive Education Program). Honors over 30-plus years include IBM Outstanding Achievement in Marketing Award, IBM Award of Excellence, and (as IBM site team) the Malcolm Baldrige National Quality Award. Federal clients and Contractor clients are available upon request; full credentials and references may be found via www.linkedin.com/in/kevinpyoung. For an introductory call, please contact Kevin at 703-794-1100 or kevinpyoung@earthlink.net.
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