• Venture Capital
  • Experfy Editor
  • MAY 01, 2014

Venture Rounds: Apigee, Tidemark, New Relic, OurCrowd

Funding activities behind big data companies have lost its momentum mainly because most of the major investors have already financed promising big data startups. The funding rounds that initiated in 2008 and continued through the next several years till left many expectant business owners apprehensive about the projected ROIs of this capital investment. However, some technology startups and financial services companies—growing on their big data analytics platforms, have continued to seek and acquire capital funding for different reasons.

 

Apigee

Based out of Palo Alto, California, Apigee markets API technology to developers and enterprise customers. This company raised $60 million in venture funding in a round led by Pine River Capital Management and Wellington Management with support from a few more investors. Apigee’s product offering enables developers to integrate new apps with their current software platform. Since its inception in 2004, this company has raised a total of $171 million, and plans to reserve the newly acquired funds for going public next year.

 

Tidemark

Founded in 2009 and based out of Redwood City, Tidemark is a financial forecasting startup. This company has just raised $32 million in venture funding led by Silicon Valley Bank with participation from others like Greylock Partners. Tidemark delivers digitized financial books, which enables enterprises to view and exchange financial intelligence on the cloud platform and also on mobile devices. Tidemark plans to utilize the recent funds in R & D and sales and marketing expansion programs. The company’s new product Playbooks is scheduled to be launched in the coming months.

 

New Relic

New Relic, a San Francisco-based app monitoring company on the cloud raised $100 million in a new funding round, which was led by Black Rock and Passport Capital, among others. New Relic’s product provisions a combined server and app monitoring platform for developers to manage the performance of cloud-based applications. Started in 2008, this company has managed to acquire close to $275 million in venture funding. This company plans to utilize the latest funding for global expansion of its business along with an improved line of products.

 

OurCrowd

The equity crowd-funding startup, OurCrowd has been instrumental in acquiring capital funding for 36 companies to the tune of $43 million. As a new player in the business of crowd-funding since February 2013, this Israel-based startup has made its mark on the business map of equity funding. OurCrowd’s sources of funds happen to be its 4,000 accredited investors, with the startup being a stakeholder in these investor companies. Now OurCrowd, with its latest round of venture funding of $25 million, wants to “ramp up its growth story” in Israel and abroad. The latest funding round was led by former Investec Bank of Australia CEO Geoff Levy with participation from other individual investors.

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