StreamSets grabs $12.5 mln Series A

San Francisco-based StreamSets Inc, a provider of data ingest technology for the next generation of big data applications, has raised $12.5 million in Series A funding. Battery Ventures and New Enterprise Associates led the round with participation from Accel Partners and Ignition Partners. In conjunction with the funding, Pete Sonsini of NEA and Dharmesh Thakker of Battery Ventures have been appointed to StreamSets’ company’s board of directors. PRESS RELEASE September 24, 2015 07:31 AM Eastern Daylight Time SAN FRANCISCO–(BUSINESS WIRE)–StreamSets Inc., a company that speeds access to enterprise big data, today announced it has closed a $12.5 million round of Series A funding co-led by experienced big data investors Battery Ventures and New Enterprise Associates (NEA), with participation from Accel Partners and Ignition Partners. In addition, StreamSets today launched a revolutionary new data ingest infrastructure, called StreamSets Data Collector, which helps businesses accelerate data analysis and decision-making. Available under an open source Apache license (ALv2), this technology automates data movement in order to give data scientists and analysts continuous access to big data. As companies’ data explodes, operators are spending more time sanitizing raw data before it can be used to inform business decisions. This is because the current data environment contains constantly changing infrastructure and semantics, which slows down the process of collecting and moving data so it can be used for reliable analytics – the problem of “data drift.” StreamSets ingests, cleanses and monitors data in motion to address this challenge and fuel real-time analysis. “We invested in StreamSets because of the team’s expertise in delivering an enterprise-grade data management platform that enables timely operational decisions,” said Dharmesh Thakker, general partner at Battery Ventures. “There is a massive opportunity for StreamSets’ technology to bring world-class transparency and monitoring to data – the next generation of performance management in enterprise IT,” added Pete Sonsini, general partner at NEA. StreamSets co-founder and CEO Girish Pancha was previously chief product officer at Informatica, where he was responsible for the company’s entire data integration product portfolio. Co-founder Arvind Prabhakar was an early employee of Cloudera, where he led teams working on integration technologies such as Apache Flume and Apache Sqoop. A member of the Apache Software Foundation, Arvind is heavily involved in the open-source community, and was formerly an architect for the Informatica platform. “Over the years, Arvind and I have seen first hand that the single biggest barrier to a successful enterprise analytics platform is the challenge of ingesting data. That problem is exacerbated when the data is constantly shifting underfoot,” said Girish Pancha, StreamSets co-founder and CEO. “Current solutions are simply too opaque and brittle to handle a fluid data landscape. We were inspired to start over from the ground up and bring unprecedented transparency and event processing to data in motion.” Lithium Technologies’ message fabric uses StreamSets to enhance customer experience by enabling near real-time message flow across its Total Community social software suite. In addition, Cisco will use StreamSets to more easily uphold its software-as-a-service (SaaS) customers’ expectations of data pipeline flexibility and uptime. “We are constantly adding products and services to our Intercloud offering,” said Ken Owens, chief technology officer of cloud services at Cisco Systems. “StreamSets automatically handles such infrastructure changes, and provides intelligent monitoring and dynamic shaping of our internal operational log as well as multi-datacenter data ingestion logs to help us meet strict service level agreements for our development team as well as future customers.” StreamSets developed this enterprise-grade data infrastructure to support data-intensive applications that rely on several disparate sources of real-time, streaming and batch data from both machine-generated feeds and transactional enterprise systems. As opposed to traditional schema-centric approaches, StreamSets leverages intent-driven machine learning techniques to automatically validate and continuously prepare all of this data for consuming applications. This approach saves DevOps teams the work of building, operating and maintaining custom-coded solutions. Starting today, data infrastructure teams can download the open source StreamSets Data Collector software and join the community at streamsets.com, or purchase a commercial subscription license for development or production support. StreamSets will use its Series A funding to build a thriving open source community, advance the company’s product roadmap, and incrementally invest in partnerships and other go-to-market activities. In addition, Pete Sonsini from NEA and Dharmesh Thakker from Battery Ventures will join the company’s board of directors. About StreamSets Founded in 2014, StreamSets provides data ingest technology for the next generation of big data applications. Its enterprise-grade infrastructure accelerates data analysis and decision-making by bringing unprecedented transparency and event processing to data in motion. The company was founded by Girish Pancha, a long-time executive and former chief product officer of Informatica, and Arvind Prabhakar, an early employee and engineering leader at Cloudera. StreamSets is headquartered in San Francisco, and backed by top-tier Silicon Valley venture capital firms and angel investors, including Accel Partners, Battery Ventures, Ignition Partners and New Enterprise Associates (NEA). For more information, visit www.streamsets.com.

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StreamSets grabs $12.5 mln Series A

Energy Capital Partners seeks buyers for Summit Midstream stake: Bloomberg

(Reuters) — Private equity firm Energy Capital Partners is looking for buyers for its interest in Summit Midstream Partners LP (SMLP.N), a deal that would include a minority stake in the pipeline operator as well as ownership of its general partner, Bloomberg reported. The sale would also include some oil and gas gathering and processing operations in North Dakota, Colorado and Ohio owned by an affiliate of Summit Midstream, Bloomberg reported, citing people familiar with the matter. Energy Capital is working with Barclays Plc to find a buyer for the assets, which could fetch at least $2 billion, Bloomberg reported, citing one of the persons. Energy Capital owns about 44 percent limited partnership interest in Summit Midstream Partners LP through an entity called Summit Investments. The firm may also consider taking the assets public if offers are too low, the report said. Summit Midstream and Energy Capital were not immediately available to comment, while Barclays declined to comment. Texas-based Summit Midstream’s stock was down 12.6 percent at $18.71 in afternoon trading in a weak broader market.

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Energy Capital Partners seeks buyers for Summit Midstream stake: Bloomberg

ScribbleLive inks C$35 mln

Digital content marketing company ScribbleLive has raised C$35 million in funding. The OpenText Enterprise Apps Fund led the round with participation from other investors that included Emerillon Capital, Blue Cloud Ventures, Northleaf Venture Catalyst Fund, Rogers Ventures, Summerhill Venture Partners, Georgian Partners, Export Development Corp. of Canada and Waterloo Innovation Fund. PRESS RELEASE TORONTO, ON–(Marketwired – Sep 23, 2015) – ScribbleLive, a global leader in digital content marketing, is excited to announce the closing of its expansion round of funding. The OpenText Enterprise Apps Fund (OTEAF) led the $35 million investment along with contributions from Emerillon Capital, Blue Cloud Ventures, Northleaf Venture Catalyst Fund, and a large U.S.-based asset manager, along with participation from all existing ScribbleLive venture investors including: Rogers Ventures, Summerhill Venture Partners, Georgian Partners, Export Development Corp. (EDC) of Canada and Waterloo Innovation Fund. “We are thrilled to have five new experienced shareholders and participation from all of our existing venture investors in this funding round,” said Vincent Mifsud, CEO of ScribbleLive. “Our business has been growing at 100 percent without consuming capital, which has driven massive interest in our company. This interest has culminated in a Series D round, which is greater than all of our previous financing combined. Our stronger balance sheet opens new strategic avenues for accelerating our growth to further enhance our market share.” As consumers continue to be inundated with interruptive advertising from a variety of conventional sources, content marketing is forging new, unparalleled opportunities for modern marketers and major brands to connect with their audience. “We are focused on disrupting the marketing industry by helping brand marketers, sports and media companies grow their businesses using content and data science technologies,” said Mifsud. “Advertising effectiveness is on the decline and content marketing will be the key strategic differentiator to help businesses grow. We believe that great content marketing should be incorporated into every element of marketing from social marketing, events, and product launches to microsites. Our data science powered platform helps marketers do exactly that.” ScribbleLive’s patented linguistic and mathematical algorithms provide insights to enable marketers to create impactful original content in accordance with their marketing strategy. In addition, ScribbleLive’s workflow technology platform allows marketers to distribute this content across a variety of landscapes and then measure the effectiveness and engagement. “We’re delighted to lead the funding round,” said Richard Black, General Partner at the OpenText Enterprise Apps Fund (OTEAF). “ScribbleLive has a proven management team and has attracted top tier global customers that derive significant business benefits from their daily use of the platform and its analytics capability. The company is backed by an outstanding investment syndicate that can support ScribbleLive on its next phase of growth.” ScribbleLive delivers its content marketing software solutions to the largest brands and media companies across the globe, including Ferrari, Red Bull, The Football League, NFL, and hundreds of others. Content optimized by ScribbleLive grows your upper funnel and builds brand awareness via patented, data-driven content planning, creation, distribution, and measurement tools. About ScribbleLive ScribbleLive is the provider of the world’s leading complete content marketing and live publishing software platform powered by data science. The all-in-one SaaS solution combines predictive analytics with content planning, creation, and distribution technologies to deliver optimized business results. ScribbleLive is used by over 500 enterprises including large global brands such as Red Bull, Bayer, Ferrari, Oracle, Bank of America, Deutsche Telekom, and Yahoo! For more information, visit www.scribblelive.com About OpenText Enterprise Apps Fund The OpenText Enterprise Apps Fund (OTEAF) was formed in 2015 and invests primarily in emerging Canadian technology companies that are building disruptive, enterprise applications that leverage the power of the internet, big data, predictive analytics and mobility. OTEAF has offices in Toronto, Ontario and Montreal, Quebec. www.oteaf.vc

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ScribbleLive inks C$35 mln

Angel Capital Group unveils micro venture fund

Angel Capital Group has launched a Phoenix, Arizona-based micro venture fund. The pool will focus on investing between $1 million and $5 million in local, regional and national science and tech startups. Black Dog Promotions CEO Scott Kelly will serve as the fund’s general manager. PRESS RELEASE PHOENIX, AZ (PRWEB) SEPTEMBER 22, 2015 ACG’s Phoenix fund will target between $1 million and $5 million in capital to be invested in local, regional, and national science and technology enable startups. Scott Kelly CEO of Black Dog Promotions will become the General Manager of the fund. Angel Capital Group was founded in 2007 and merged with RAIN Source Capital of Minneapolis, MN in 2014 to create a national syndicate of angel groups and funds. Between the two networks, 131 companies have received funding. Eric Dobson, CEO of Angel Capital Group, elaborated on the importance of ACG’s Kansas City operations saying, “Phoenix represents a great opportunity to both serve an exciting and growing entrepreneurial community and create a resilient focal point for angel investors. We look forward to many years of supporting economic impact and wealth creation for the city and region.” The fund’s general manager, Scott Kelly, said, “Phoenix has a thriving entrepreneur community with many exciting startups that need and deserve growth capital. Eric and his team at Angel Capital Group provide access to that capital.” Dobson added, “We have found a great partner in Scott. He is a savvy businessman and investor and his heart is in the right place. He loves startups and the Phoenix entrepreneurial community. We expect great things to erupt from the fund.” About Angel Capital Group ACG’s Phoenix fund will target between $1 million and $5 million in capital to be invested in local, regional, and national science and technology enable startups. Scott Kelly CEO of Black Dog Promotions will become the General Manager of the fund. Angel Capital Group is a fully syndicated “angel” capital private equity network with operations in nine states. ACG recently consolidated its operations with RAIN Source Capital. The combined entity enjoys a 10 year history and has invested approximately $44M in 131 companies across a variety of market sectors. The combined portfolios have created over 4500 jobs and $750M in follow-on capital investments by other funds. For additional information about Angel Capital Group and its investment criteria, visit online at http://www.theangelcapitalgroup.com, @angelcapitalgr, http://www.linkedin.com/company/831505, or http://www.facebook.com/angelcapitalgroup. About Black Dog Promotions Black Dog Promotions is a media, corporate finance and business development agency providing, venture capital, digital marketing and publicity consulting for regional and national brands. Black Dog’s team has a long history of success in the entertainment, sports, and technology and finance industries. They have taken companies from concept to millions of dollars in sales and billions of dollars in market capitalization. Find out more at http://www.BlackDogPromotions.com – The Intersection of PR, Digital Marketing and Sales.

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Angel Capital Group unveils micro venture fund

Invoice trading marketplace NoviCap grabs $1.7 mln

London-based invoice trading marketplace NoviCap has raised $1.7 million in funding. The investors were Partech Ventures, Techstars Ventures, Cabiedes & Partners, ACE & Co and Tekton Ventures. PRESS RELEASE NoviCap, the invoice trading marketplace, has announced a $1.7M Series Seed. The company, which launched in 2014, allows small and medium companies to access financing by selling their outstanding invoices to professional investors who can access a new asset class with double-digit returns. Investors can access a new asset class Focussing on SMEs with blue-chip debtors, NoviCap boasts double-digit returns for investors while maintaining a 0% default rate on all transactions. On NoviCap’s investment side, family offices, high-net-worth and corporate investors, can enjoy fully automated trading and diversify their portfolio by buying parts of multiple invoices. Fast and transparent alternative to finance SMEs NoviCap sets out to provide a faster, more flexible, and transparent way to finance companies. Small and medium companies can apply online and start discounting their invoices in less than 48h. Once registered, companies upload invoices which can be sold to a pool of professional investors instantaneously. Aimed at solving the issue of long payment terms (60-90 days) Federico Travella, CEO and co-founder of NoviCap explains “Extended payment terms can have far-reaching consequences for SMEs and the rapid growth of our business validates market demand for an innovative financing solution” He added that the new firepower will solidify NoviCap’s position as the leading online invoice finance platform in Southern Europe. David Cohen, Managing Partner at Techstars Ventures said: “During the Barclays FinTech Accelerator powered by Techstars, NoviCap impressed everyone with their innovative financing marketplace, as well as the high calibre and determination of the founders.” He added, “We strongly believe in the value of the platform and are excited to see the NoviCap story unfold.” Romain Lavault, General Partner at Partech Ventures, said: “The invoice trading market has a promising future and NoviCap has all the cards in place to succeed. We believe in the ambitious team and the strong vision of the firm.” The funding round closed earlier this year and includes the participation of global private equity firm ACE & Co and San Francisco-based Tekton Ventures. NoviCap is headquartered in London and has a client base of mainly Spanish companies which are affected by the longest payment terms in Europe. As demand for alternative finance grows, NoviCap continues to expand its customer base, achieving a 90% client retention rate.

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Invoice trading marketplace NoviCap grabs $1.7 mln