This Week’s Top Startup Funding & Investment News
Welcome to the post-Mashable Connect edition of “Top Funding Stories,” a weekly series where we summarize the big startup funding and investment stories of the week.
Here’s what we found interesting this time around:
Eventbrite Banks $50 Million in Funding
Popular event ticketing startup Eventbrite raised $50 million in a Series E round led by Tiger Global Management. Eventbrite intends to use the money to expand its operation and take on industry behemoths like Ticketmaster. Later this summer, it will power its biggest event to date: a Black Eyed Peas show in Central Park.
Khosla Ventures Raising $1 Billion to Fund More Startups
Khosla Ventures, the VC firm started by Sun Microsystems co-founder Vinod Khosla, is raising $1 billion to finance new investments. The firm’s portfolio includes GroupMe, Slide, Meebo, Square, Xobni, BOKU, Jawbone and Storify.
Other News
- Job recruiting platform Jobvite has secured $15 million in funding in a round led by Trident Capital.
- Stackmob, a platform for developing mobile applications, raised a $7.5 million series A round this week. Trinity Ventures and existing investors Harrison Metal and Baseline Ventures led the round.
- Mobile data management startup Onavo announced that it secured $3 million in a Series A round funded by Sequoia Capital and Magma Venture Partners.
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