Ignition backs Parse, another hot San Francisco startup

Another day, another investment by Ignition Partners in the Bay Area. The Bellevue venture capital firm, which earlier this week announced that it was leading a $40 million deal in Palo Alto, California-based Cloudera, has pumped $5.5 million into San Francisco-based Parse.

Parse helps developers manage the back-end of mobile applications, similar to what former Microsofties Jeffrey MacDuff and Dave McLauchlan are building with Seattle’s Buddy Platform. Led by former employees of Google, Scribd and Etacts, Parse previously raised cash from Y Combinator, Menlo Ventures, Google Ventures, DST and SV Angel. Total funding now stands at $7 million.

As we’ve pointed out in the past, Ignition’s appetite for deals in the Bay Area has been nothing short of amazing this year.

By my count, Ignition — led by former Microsoft and McCaw Cellular execs — has invested in more than a dozen Bay Area and New York startups. In addition to Parse and Cloudera, those startups include: Bromium, BlueStacks, ScaleXtreme, Inporia, Zencoder, Topsy, Hipmunk, SocialEyes, Motif Investing, Connected and Apprenda.

As a result of the financing, Ignition’s John Connors is joining the board of Parse.

  • http://twitter.com/Seattle_Startup Seattle Startup

    If Ignition loves the Bay Area so much, why doesn’t it marry it?

  • http://twitter.com/Seattle_Startup Seattle Startup

    If Ignition loves the Bay Area so much, why doesn’t it marry it?