Euro Ventures - Tuesday, January 26, 2010
Leading VCs Invest £13M in UK Based Cloud Service Mimecast
Cloud based email management service Mimecast completed a second round of funding on Monday. Index Ventures and Dawn Capital raised this round to £13M ($21M). Mimecast has been in the SaaS space since its founding in 2003. Led by Peter Bauer (CEO) and Neil Murray (CTO) the company enhances the capabilities of traditional offline email platforms by adding additional storage, archiving, and virus protection within its platform. This maintains value of in-house solutions while saving them on cost... Full Story
Financial Software - Friday, January 15, 2010
Personal Finance Nightmare Blippy Raises $1.6M
Palo Alto-based Blippy has raised $1.6M in seed funding led by Charles River Ventures (its incubator). Backers include Sequoia Capital, Ron Conway, Evan Williams, Jason Calacanis, James Hong and Ariel Poler. Blippy publishes your credit card purchas... Full Story
Financial Software - Friday, January 15, 2010
Cake Financial Shuts Down. eTrade Buys Its Tech
San Francisco-based has been shut down and its technology and it seems its staff has been bought by eTrade. We understand that the company did not get much traction but that certainly it build some nice tools that could be put to good use by eTrade.... Full Story
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