Mobile data security startup Datacastle locks in $2.4M

datacastle

Fast-growing Datacastle has reeled in $2.4 million in fresh financing, and is on the prowl for more as the Seattle startup looks to catapult even deeper into the hot market of mobile data protection. The new funding was provided by existing investors CM Capital and Haag Investments, both of Australia. Founder and Chief Technology Officer… Read More…

TED curator shoots back at Hanauer, calls out Seattle VC and posts controversial talk

Nick Hanaeur.

The controversy over Nick Hanauer’s recent TED talk about increasing taxes on the wealthiest Americans just isn’t going away. Yesterday, GeekWire and others reported on how Hanauer’s economic talk was not being displayed on the TED Web site. “My arguments threaten an economic orthodoxy and political structure that many powerful people have a huge stake… Read More…

Hey, NYC: There’s a tech hub out here called Seattle

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Don’t get me wrong. The growth of New York’s technology community over the past five years has been nothing short of amazing. The city that never sleeps is thinking big, pushed by a mayor who wants to diversify the economic base beyond Wall Street. I love the Big Apple’s desire to build a world-class tech… Read More…

Prosodic reels in $1.4M to help big brands target Facebook posts

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Fast-growing social media startup Prosodic has nailed down $1.4 million in seed funding, money that the Seattle company will use to help media companies, publishers and other big brands target their Facebook posts to users when they are most likely to be online. The service also analyzes past Facebook page posts, and then makes predictions about… Read More…

Ad giant WPP invests in auto survey company Enprecis

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Enprecis has been around for about six years, quietly growing its business for collecting consumer information related to automobiles. But the Seattle company, which employs about 30 people, is expanding its profile these days with a $2.9 million round of financing led by advertising giant WPP. Enprecis CEO Richard Counihan said the funding marks the… Read More…

Early-stage startup valuations rise, but so do ‘down rounds’

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Typically, when things are going well in the startup world, venture capitalists optimistically boost valuations of early-stage companies to reflect the promise of the young fledglings. That’s exactly what’s going on right now for those companies raising money, with a new report out today from the law firm Wilson Sonsini Goodrich & Rosati indicating that pre-money… Read More…

Farewell, coffee cards: Madrona bankrolls mobile loyalty rewards startup RewardLoop

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Madrona Venture Group is heading north for its latest investment, leading a $1 million funding round in Vancouver, B.C.-based RewardLoop. This marks the second investment by Madrona in Vancouver in recent months, following its backing of online fashion startup Indochino. The RewardLoop system could replace the paper-based stamp cards that you often see at coffee… Read More…

On the mend or broken for good? VC returns paint an industry in transition

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Earlier this week, the Ewing Marion Kauffman Foundation issued a blistering report about the venture capital industry, detailing its own experiences investing in some 100 venture capital firms over the past 20 years. Sixty-two out of the 100 funds it invested in failed to exceed returns available in the public markets, with the foundation writing that there is a “chronic… Read More…

EveryMove lands $2.6 million to create a ‘mileage rewards program’ for health

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Should Americans earn rewards for good health and fitness practices, just as they earn free miles for frequent flying and discounts for safe driving? That’s the promise of EveryMove, a Seattle startup that today is announcing $2.6 million in financing from Premera Blue Cross, Blue Cross and Blue Shield of Nebraska, BlueCross BlueShield Venture Partners and… Read More…

The venture capital model is broken, and this damning report explains why

Monica Arellano-Ongpin

Industry watchers have been talking for a long while now about how the venture capital industry is broken, highlighted by poor returns that in many cases don’t even exceed that of the major stock indices. Now, thanks to the Ewing Marion Kauffman Foundation — which has invested in nearly 100 venture capital firms across the country… Read More…