Still recovering from ‘painful’ Webvan deal, Sequoia bets again on grocery delivery with $8.5M Instacart investment

You know what they say about history: “Those who don’t know history are doomed to repeat it.” Well, let’s hope that Sequoia Capital — one of the biggest backers of dot-com poster child Webvan — have learned from past mistakes. Today, the Silicon Valley venture capital firm emerged as the lead investor in Instacart. The San Francisco… Read More


Report: FCC set to greenlight Sprint’s deals with Clearwire and Softbank

After a long and drawn out bidding war, Clearwire’s fate appears to be nearly certain. The Federal Communications Commission is set to approval Sprint’s purchase of the Bellevue mobile broadband company, along with SoftBank’s $21.6 billion purchase of Sprint, according to a report by Bloomberg News citing people familiar with the matter. The deals could reshape… Read More


Clearwire board changes tune, snubs Sprint and now favors Dish’s $4.40 per share offer

The Clearwire saga continues. And the latest development came Wednesday afternoon as Clearwire’s board of directors recommended that shareholders accept Dish Network’s $4.40 per share offer instead of Sprint’s $3.40 per share bid. That may seem obvious, given the higher price tag. But for weeks, Clearwire Chairman John Stanton has been arguing against the Dish… Read More


Firm urges Clearwire investors to vote no on Sprint deal; board calls decision ‘superficial’

The ongoing saga of Clearwire has taken yet another turn as the independent shareholder firm Glass Lewis & Co. has recommended that minority shareholders in the Bellevue broadband wireless company vote against the increased offer from Sprint. The move comes a day after Crest Financial, which holds eight percent of Clearwire’s stock, claimed that Clearwire… Read More

Apptio CEO Sunny Gupta

Apptio raises $45 million at a hefty valuation, plans to accelerate ‘on all fronts’

Apptio is not playing small ball. Just 14 months after raising a $50 million venture round, Bellevue-based Apptio is back with a little more cash in its pocket. The company, which offers on-demand software and services for managing corporate IT departments, today is announcing that it has raised another $45 million in series E funding. It marks… Read More


E-signature powerhouse DocuSign buys Cartavi to help real estate pros share docs

After working together for more than a year, DocuSign has agreed to purchase its partner, Cartavi, in a deal of undisclosed size. Through the deal, electronic signature provider DocuSign said that it will help real estate professionals manage the end-to-end real estate transaction. Cartavi is kind of like Dropbox for online real estate documents, helping real… Read More


Washington vs. Oregon: Here are the VC deals from Q1

Last week, we reported on the new CB Insights VC report, noting that Oregon had overtaken Washington in terms of quarterly venture investments for the first time since 1993. The MoneyTree Report, being released today by the National Venture Capital Association, Thomson Reuters and PricewaterhouseCoopers, offers a slightly different picture. Washington just edged out Oregon, with… Read More


Ex-Microsoft exec lands $4.5M to help make life easier for product managers

We’ve been wondering what former Microsoft vice president Sanjay Parthasarathy has been building ever since we discovered his startup, Indix, 18 months ago.  Parthasarathy, who spent 19 years at Microsoft, including a stint running the company’s Startup Business Accelerator program, still isn’t saying much about Indix. However, he did just score $4.5 million in fresh funding from Nexus Venture… Read More


MetroPCS urges shareholders to approve T-Mobile deal, sets vote for March 28

UPDATE, March 5: MetroPCS has pushed back the shareholders meeting to April 12. –––––––––– It has been more than four months since T-Mobile announced its intentions to gobble up MetroPCS. And while the wireless industry continues to go through numerous transformations, the big merger could be on track to go through if MetroPCS shareholders approve the deal next… Read More


When earn-outs go bad: Cequint investors sue acquirer for interfering with deal’s potential

Nearly three years ago, Reston, Virginia-based TNS acquired Cequint in a deal that valued the Seattle caller ID startup for as much as $112.5 million. At the time, everyone appeared happy. Cequint CEO Rick Hennessey said the acquisition “would accelerate our opportunities and improve the offering to our carrier customers,” while TNS CEO Henry H. Graham Jr…. Read More


Chart: The ‘Series A Crunch’ is alive and well

A lot has been written in recent weeks about the so-called “Series A Crunch” — the idea that many of the companies raising seed-rounds won’t be able to attract that ever-so-important next round of capital. Now, here’s a chart from Pitchbook which shows what is occurring. As you’ll see above, the number of seed-stage/angel deals… Read More


Avalara acquires world’s largest database of Universal Product Codes

Avalara, the maker of sales tax automation technology is getting even bigger. The Bainbridge Island company today is announcing that it has purchased UPC Matrix Master, descbied as the the world’s largest database of Universal Product Codes with specialized sales taxability data. The database had previously been operated by Tax Matrix. Terms of the deal were not… Read More


Honeywell to buy printer and barcode scanner maker Intermec for $600 million

Intermec, an Everett-based company that develops RFID products, industrial printers and bar coding scanners, has agreed to be acquired for up to $600 million by Honeywell. “Our board conducted a thoughtful and comprehensive strategic review of Intermec’s business with the goal of determining the best possible overall outcome for our stakeholders,” said Intermech Chairman Allen Lauer. “The… Read More

Rand Fishkin

SEOmoz buys GetListed for $3 million to help small businesses track directory listings

SEOmoz is gobbling up another Portland startup, this time acquiring GetListed for about $3 million in cash and stock. The deal follows SEOmoz’s acquisition of Portland-based social media analytics upstart FollowerWonk in August. Founded in 2009, GetListed operates a service that helps small businesses determine how their listing information is appearing on search engines such… Read More


POLL: How much will you spend online this holiday?

If you’re having trouble finding that perfect gift for family and friends, look no further than the gadget world. From the Microsoft Surface that Oprah loves to the dual-screen Nintendo Wii U to the iPad that 48 percent of kids apparently want, the options are plentiful. All of these items and more are available online, where items… Read More


Mobile security startup Mobilisafe acquired by Rapid7

Seattle startup Mobilisafe has been acquired in a deal of undisclosed size by Boston-based Rapid7, a heavily-funded security company that raised $50 million last year. The deal comes just four months after former T-Mobile USA engineers Giri Sreenivas and Dirk Sigurdson launched Mobilisafe, which was bankrolled by Madrona Venture Group and Trilogy. Sreenivas tells us that they weren’t looking… Read More

ipos-featured- bigstock_Initial_Public_Offering_7238026

Report: Venture-backed IPOs and M&A deals slow in Q3

The red-hot market for initial public offerings and mergers and acquisitions slowed during the third quarter, perhaps damaged by Facebook’s debut in the public markets in May. According to a report from Dow Jones VentureSource, just 10 venture-backed companies raised $807 million via IPOs in the third quarter. That was the fewest number since the fourth… Read More


NetMotion Wireless sold to private equity firm

Seattle’s NetMotion Wireless, a maker of wireless network performance management software, has been sold to Clearlake Capital Group in a deal of undisclosed size. “NetMotion is the clear market leader with unmatched technology and an exceptional leadership team that has successfully continued to grow its suite of offerings. We look forward to working closely with management… Read More


Report: buying mobile map startup UpNext is reportedly buying UpNext, a five-year-old New York City startup that specializes in what they describe as “vibrant, immersive maps that better reflect the world we live in.” GigaOm has the scoop on the news, saying that it may signal a move by Amazon to add native mapping functionality to its Kindle Fire tablet… Read More


F5 buying Traffix Systems to support spike in mobile data

F5 Networks has agreed to buy Traffix Systems, an Israeli company whose behind-the-scenes signaling technology helps mobile operators manage all that data flowing across their networks, thanks to all those smartphones, tablets and other devices we’re using these days. Traffix specializes in what’s known as the Diameter signaling protocol, which has emerged as the standard… Read More