Venture investments rode the summer wave back over the billion dollar mark this week, with nearly $1.5B invested over 194 rounds. The 15 Series C growth rounds accounted for over $400M of the total venture investments this week, signalling a pronounced trend towards later stage deals recently.
Sequoia claimed double honors for the most active investor of the week with five venture deals, and also topped the list of total capital committed with $221M in funding. The $100M Series D for Thumbtack was their biggest bet, and enough for Tiger Global, Google Capital and Javelin Venture Partners to also join the Top 4 in capital committed as co-investors in the round.
Accel Partners led a $30M Series C round in TaxiForSure.com, based in India, and also participated in a Series D for Alfresco this week that was led by Sageview Capital. The $75M in total funding between the two rounds was good for the fifth spot.
While it was Google Capital that made the big splash this week, Google Ventures was among the most active investors, totalling four venture rounds between Jaunt, MobileDay, Wearable Intelligence and Product Hunt. The big bets on video (Jaunt’s $27.8M Series B), mobile ($6M Series A for MobileDay) and wearables ($7.9M for Wearable Intelligence) are not a big surprise coming from Google. The investment in Product Hunt is also the 11th such co-investment with Y Combinator and their 20th round for curated web startups.
Bessemer Venture Partners and First Round jumped in on three venture rounds apiece this week. First Round led the $2.6M round for Swift Navigation and co-invested in a $17M Series C for Poppin and the Wearable Intelligence venture round. Bessemer joined Accel to fund TaxiForSure.com and also co-invested with four other VC’s in a $19M Series D for DoubleDutch. Bessemer then finished off the week by leading a $6.5M Series A for Hightower.
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