Seed funding
Hipcamp, an advanced search service for finding and comparing campgrounds across a wide range of criteria, has raised $2 million from O’Reilly AlphaTech Ventures, Slow Ventures, Maiden Lane Ventures, the AngelList Syndicate Fund, and angel investors Sam Shank and Gregg Brockway. The company is expected to use the funding to expand outside of California and into campground coverage of New York and Texas.
EventBoard, a meeting room management system, has raised $1.5 million in seed funding from Google Ventures, Zetta Venture Partners, Salesforce.com founder and CEO Marc Benioff, Domo founder Josh James, and InsideSales.com founder David Elkington. The company is based in Salt Lake City, UT.
Series B
Expensify, a San Francisco-based expense management platform, has secured $3.5 million in funding from strategic investor Barracuda Networks. Expensify’s core offering allows users to export expenses and receipts from mobile devices for the purpose of building out corporate expense reports. Founded in 2008, the company has now raised over $10 million.
The Internet aggregator Reddit has raised $50 million in its Series B, a round led by Y Combinator president Sam Altman that also included participation from Marc Andreessen, Alfred Lin, Peter Thiel, Ron Conway, Jared Leto, Snoop Dogg, and others. Reddit was incubated at Y Combinator in 2005 (the same year its current president Altman went through the program), purchased by Conde Naste in 2006, and currently has 133 million monthly active users. The Reddit deal is simply the latest VC investment by Academy Award winning actor Jared Leto and rap icon Snoop Dogg. Jared Leto’s portfolio also includes Zenefits, Robinhood, Radius Intelligence, and Superpedestrian, while Snoop Dogg became an investor in Robinhood last month. Reddit will reportedly distribute 10% of the newly raised equity to its users.
Private Equity
Good Technology, the Sunnyvale, Calif.-based enterprise mobile security solutions provider that filed with the SEC for an IPO in May, has raised $80 million from a group of late-stage investors, including Rustic Canyon Partners, Oak Investment Partners, Meritech Capital Partners, ePlanet Capital, Draper Fisher Jurveston, and Blueprint Ventures. The latest financing likely pushes back the company’s plans to go public, though CEO Christy Wyatt, in speaking to Re/code, insisted that the company still plans to do so when the time is right. “Nothing has changed in our plans,” she said, “There’s a whole bunch of [factors], a lot of them external…We continue to watch the market.”