PitchBook Newsletter
Venture Capital Edition
 
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463,323 Deals |  32,872 Funds |  21,446 Limited Partners |  24,583 Advisors  
TUESDAY, DECEMBER 8, 2015
 
 
Atlassian
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Featured Profile
Atlassian just upsized its IPO that is slated for this week. Check out today's free PitchBook Profile to get a look at the company's funding history, investors and more: click here.
Sydney, Australia
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Top Investor Tuesday — Bitcoin
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The price of bitcoin is surging. Maybe not quite like the surge in November 2013 when it jumped nearly $1,000, but the digital currency is trading near $400 again after spending much of the year fluctuating around $250. Venture capital invested in bitcoin is also rising, as investors look at the technology as the possible future of digital transactions. So far in 2015, $314 million has been invested in bitcoin startups, $13 million more than all of 2014, although the industry has attracted 33 fewer deals.

The three largest VC deals ever made in the sector, each totaling at least $50 million, have occurred this year: Coinbase ($75M), 21 ($52M) and Circle ($50M). 10 bitcoin companies have already raised more than $20 million in total VC funding, an impressive figure considering the industry really only began raising private capital in 2013. Of the 158 VC investors that hold an interest in a bitcoin company, roughly half have been active in the space in the past 12 months.
Here are the top VC investors in bitcoin companies, along with their deal counts:

1. Digital Currency Group (35)
2. Blockchain Capital (25)
3. Coinsilium (13)
4. RRE Ventures (7)
5. FundersClub (6)

PitchBook Platform users can access the full list of investors by clicking here. Interested in this data? Contact us today.
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2010 Vintage U.S. Venture Funds with Software Investments
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Median IRR: 19.59%
Top Quartile IRR Hurdle Rate: 31.38%
Median TVPI: 1.5x
Median RVPI: 1.2x
Select Top Performers (based on net IRR)
IA Ventures Fund I
Menlo Ventures XI
Spark Capital III
Union Square Ventures Opportunity Fund
 
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EndoGastric Solutions grabs $50M funding
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EndoGastric Solutions, a developer of an incisionless procedural therapy for gastroesophageal reflux disease, has secured up to $50 million in funding from investors including CRG, Canaan Partners and Chicago Growth Partners. EGS plans to use proceeds from the financing to begin broad-scale commercialization, as well as making further R&D investments in next generation products used in their TIF procedure. In May, the company received a $10 million investment that generated a valuation of $150 million.
Therapeutic Devices
San Mateo, CA
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MD Revolution logs $23M round
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MD Revolution
MD Revolution, a provider of chronic care management and patient engagement solutions, has secured $23 million through an investment co-led by Jump Capital. Founded in 2011, the company offers a SaaS solution named RevUp that shows its users actionable feedback based on personal health data gathered from wearables and apps. RevUp also integrates with a practice’s electronic health record to create a patient care plan. MD Revolution previously raised a $7 million Series B round in February of last year. As part of this most recent investment, Garrett Vygantas of Jump Capital will be joining the Board of Directors.
Healthcare Practice Management
Life Sciences
San Diego, CA
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Lead Investor
 
Shoes of Prey raises $15.5M investment
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Shoes of Prey
Shoes of Prey, an online fashion retailer, has raised $15.5 million in funding that will be used for expansion across the U.S. Blue Sky Capital led the investment, with participation from Greycroft Partners, Khosla Ventures and retail-giant Nordstrom. The company offers women the ability to design their own shoes, including options such as style, materials and heel height.
Footwear
E-Commerce
Surry Hills, Australia
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a16z leads $10M investment in Gigster
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Gigster offers on-demand software development and design for enterprises and startups of all sizes. Its platform enables companies to chat with a product manager, get a fixed-price quote and hire a development team within minutes. Lars Dalgaard of lead investor Andreessen Horowitz will join the company's Board of Directors.
Platform Software
E-Commerce
San Francisco, CA
 
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Gousto orders fresh £9M funding
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Gousto
Meal-kit delivery platform Gousto has raised £9 million in funding, including a reported £3 million from BGF Ventures. The company's recipes and meals are designed by chefs and are able to be cooked in around 30 minutes.
Social/Platform Software
SaaS
London, United Kingdom
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Masabi announces $12M funding round
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Masabi
Mobile ticketing solutions provider Masabi has announced a $12 million round that saw participation from existing investor MMC Ventures and new investors Keolis, Lepe Partners and MasterCard. The company’s JustRide platform is a cloud-based, end-to-end mobile ticketing and fare collection system that is used in cities such as New York, Athens, Las Vegas and London, among others. Prior to this round, Masabi secured a $2.5 million investment mid-last year.
Transportation
Mobile
SaaS
E-Commerce
London, United Kingdom
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Seerene raises $5M seed round
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SaaS analytics platform Seerene, a spinoff of the Hasso Plattner Institute, has announced $5 million in seed funding led by Earlybird Venture Capital. Proceeds from the financing will be used to bring the company's platform to the U.S. and Asia. Seerene provides insights and analytics to help enterprises, IT services companies and regulators make accurate decisions and drive change across a variety of software stacks, teams and technologies.
Database Software
Potsdam, Germany
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MOPeasy lands €3.4M round
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MOPeasy has built a platform that helps companies and communities with the booking and management of car-sharing and carpooling.
Platform Software
SaaS
LOHAS & Wellness
E-Commerce
Neuilly-sur-Seine, France
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Feeligo snags €1.5M investment
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Feeligo aims to help brands interact with their audiences through stickers which users can select and send in a variety of mobile messaging services.
Application Software
Mobile
AdTech
Paris, France
 
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Investor
RR Donnelley
Atlassian upsizes proposed IPO
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Atlassian
In a year of little tech IPO activity, project management software company Atlassian has upsized its proposed IPO, now planning to sell 22 million shares at a price between $19 and $20. The company had earlier filed to raise roughly $350 million by pricing its offering in the range of $16.50 to $18.50 per share when it moves to list on the NASDAQ under the symbol TEAM. Atlassian has more than 51,000 customers and generated FY2015 revenues of $320 million and net income of $7 million for the same period. If shares price at the new range midpoint, the company will be valued at nearly $4.1 billion, about $800 million higher than the valuation it received with its most recent financing in April 2014. Backers include Accel Partners, which holds a 12.5% pre-IPO stake.
Business Software
SaaS
Big Data
Sydney, Australia
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Lead Underwriters
Greylock brings on new EIR
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David McJannet has joined Greylock Partners as an executive-in-residence. Mr. McJannet holds 15 years of experience working for enterprise software companies such as Hortonworks and GitHub, both where he served as vice president of Marketing. In his new role, Mr. McJannet will assist Greylock portfolio companies with product and go-to-market strategies.
  David McJannet, Executive-in-Residence
 
Venture Capital
Menlo Park, CA
 
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EnerTech promotes Sciorillo to MD
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EnerTech Capital has announced the promotion of Dean Sciorillo to the role of managing director; he will become a full general partner upon the closing of the firm's upcoming fund, EnerTech V. Mr. Sciorillo has been with the firm since 2004, when he joined as an analyst.
  Dean Sciorillo, Managing Director
 
Venture Capital
West Conshohocken, PA
 
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