Twilio prices IPO above targeted price

Twilio priced its IPO at $15 a share, a price that values the company at around $1.23 billion. The maker of tools for adding voice and messaging capability to apps had targeted a share price of $12 to $14 in previous filings. The offering has been closely watched in tech circles given the dearth of IPOs for venture-backed technology companies this year.

Okta reportedly eyeing IPO or sale

One unicorn just went public; another may be waiting in the wings. Okta, a cloud identity management company recently valued at $1.2 billion, has hired Goldman Sachs to lead a public offering or sale, according to a Reuters article citing unnamed sources. San Francisco-based Okta has raised close to $230 million in venture funding, with backing from Sequoia Capital and Andreessen Horowitz.

Circle raises $60M to fuel China payments expansion

Payment app Circle announced that it has raised $60 million and will scale up a new Beijing-based company called Circle China to extend its service to Chinese consumers. Existing investor IDG Capital Partners led the round, with participation from Breyer Capital and a syndicate of China-based strategic investors. Circle also announced plans to expand in Europe.

Delaware is the latest hotspot for offshoring startups

Americans are used to hearing about companies moving overseas to cut wage and tax costs. Lately, however, startups in many countries are “offshoring” to the United States, incorporating in Delaware and setting up U.S. bank accounts. The influx, according to a Bloomberg article, is largely the result of a program from digital payment tools provider Stripe called Atlas that targets companies in developing countries looking to make it easier to do business internationally.

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Recent Investments

Circle

$60M / Series D

Circle is a peer-to-peer payments company. The U.S.-based company has announced Circle China, an independent company set up to offer Chinese consumers the ability to make payments into international markets. Circle claims to be on track to exceed $1B in transaction volume this year.

Categories:

Dublin IRL · FinTech · Finance · Financial Services · Personal Finance · Banking · Security

Founders:

Jeremy Allaire, Sean Neville

Investors:

IDG Capital Partners, Glenn Hutchins, China International Capital Corporation Alpha, + 3 more

LightCyber

$20M / Series B

LightCyber makes a data security system that enables companies to detect cyber penetrations. The Israeli company has raised a total of $32M to date, including a $10M Series A round in September 2014.

Categories:

Ramat Gan ISR · Security · Enterprise Software · Cyber Security

Founders:

Giora Engel, Michael Mumcuoglu

Investors:

Access Industries (Lead), Glilot Capital Partners, Shlomo Kramer, + 2 more

Outreach

$18M / Series B

Outreach is a sales communication platform. The Seattle-based company will use the funding to build up its marketing and enterprise sales teams, and is used by companies including Adobe, CenturyLink, and Adroll.

Categories:

Seattle · Enterprise · SaaS · Communications Infrastructure

Founders:

Andrew Kinzer, Wes Hather, Manuel Medina, Gordon Hempton

Investors:

Trinity Ventures (Lead), MHS Capital, FLOODGATE, + 2 more

More Investments
Company Amount / Round Lead Investor
Chunyu Yisheng $183M / Series D
Reflexion Health $18M / Series B
The Muse $16M / Series B Icon Ventures
Resson $11M / Series B
Colu $9.6M / Series A
FareWell $8.5M / Series A David Perry
Echolight.it 4.0M EUR / Series A Panakes Partners
Fareye $3.5M / Series A
Mon Purse $3.1M / Series A
LEAP India $3.0M / Venture Mayfield Fund
AppZen $2.9M / Seed Resolute.vc
Apruve $2.2M / Series A TTV Capital
All Recent Funding Activity

Recent Acquisitions

Webpass

Acquired by Google

tote

Acquired by Pinterest

More Acquisitions
Company Acquired by Amount
Hefei Zhangyue Network Technology Co., Ltd Xingye Copper International Group 186M HKD
Carolina Bank First Bancorp $97M
The Bio Agency Tech Mahindra 45M GBP
American Bank of Texas First United Bank
All Recent Acquisition Activity
 

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