RetailNext mentioned in Wall Street Journal

StarVest portfolio company RetailNext was mentioned in the Wall Street Journal January 7th in the article “Online Retailing Outpaces Stores.”

Using the company’s analytics, the Journal published that:

RetailNext, which analyzed 31 million shopping trips, estimates that sales at brick-and-mortar chains fell 10% in November and December, while traffic declined 12%. But the average transaction value increased 5%, softening the blow.

Congratulations!

Press Release: Ceros Raises $8 Million Series B to Liberate Creativity Within the Marketing Community

From Business Wire: NEW YORK–(BUSINESS WIRE)–Ceros, the interactive content marketing platform, today announced $8 million in Series B funding led by Grotech Ventures with participation from CNF Investments and existing investors. Existing investors include Sigma Prime Ventures, StarVest Partners, Greycroft, and Silicon Valley Bank. Today’s funding will be used to further product development, expand the platform’s reach, and rapidly scale sales, marketing, and client services.

As marketers continue to increase their investments in content marketing and seek to deliver engaging and compelling storytelling, Ceros’ traction across verticals has dramatically increased over the last twelve months. The company is now working with leading brands like General Electric, LinkedIn, Red Bull, and United Airlines; B2B companies like AddThis, EverString, GumGum, LogMeIn, and SoFi; publishers like Adweek, Bloomberg, NBC, and XO Group; and sports brands like the Baltimore Ravens, Dallas Cowboys, and Minnesota Vikings.

“At Ceros, we believe that creativity is critical to success in the marketing community. Our product helps unlock that creativity and empowers our customers to create engaging, innovative digital experiences,” said Simon Berg, co-founder and Chief Executive Officer of Ceros. “It’s simple: the more people create, the happier and more inspired we are. We believe in a future where creative tools and platforms like ours are freely available to the creative community. The end goal for all those in the business of building tools and products that create should be to create more. That requires some radical thinking and disruptive business models, and we hope to be pioneers in that space.”

Ceros’ platform empowers marketers and designers by giving them the tools to create compelling interactive content and measure its performance. With Ceros, brands can create stunning experiences that encourage active participation, inspiring brand loyalty and customer advocacy. As Ceros does not require advanced technical skills, the platform is uniquely able to provide marketers the solution they need to scale engaging content without incurring high costs associated with development resources.

“Ceros is an incredibly sticky interactive design platform experiencing impressive growth. Simon’s vision of a time when designers evolve beyond task-takers to strategic drivers of business growth is now becoming a reality,” said Lawson DeVries, ýGeneral Partner at Grotech Ventures. “With revolutionary technology, a great team, and content marketing exploding around them, Ceros is in the right place at the right time. We’re excited to partner with them for their next phase of growth.”

Ceros most recently raised a $6.2 million venture round in April 2014; their total funding raised to date is $16.45 million with today’s announcement.

Liza Benson, Deborah Farrington and Laura Sachar among 17 Women Shaping Venture Capital in NYC

All three StarVest partners were featured in a June 30th, 2016 article on women shaping the NYC VC landscape.

In New York, nearly half a million founders are women, making up the highest concentration of women-led startups in the U.S. As women are entering, migrating to and shaking up the tech industry in droves, it’s becoming increasingly important for venture capital firms to have women investors on its staff.

We took a look at the women venture capitalists setting precedents in this arena.

Read more here: http://www.builtinnyc.com/2016/06/28/nyc-women-venture-capitalists

PeopleMatter acquired by SnagAJob

StarVest is pleased to announce the acquisition of portfolio company PeopleMatter by SnagAJob, an hourly market leader. Press release follows below:

Snagajob announced that it is acquiring PeopleMatter, uniting two of the leading providers of hourly market hiring solutions. The combination will create the market-leading human capital management platform for the hourly market that addresses every aspect of the talent lifecycle.

The acquisition unites best-in-class human capital solutions for the hourly market that can scale from a single location to Fortune 500 businesses with thousands of locations. It will expand Snagajob’s existing portfolio and offer an unmatched suite of cloud-based products designed to accelerate the time and effort it takes to find, hire and manage an hourly workforce.

The joint offer includes tools for candidate sourcing, screening, tracking, hiring, onboarding, training, scheduling and performance management. It will also include a wide range of integrations to industry-leading background checks, payroll and point-of-sale partners.

“We are incredibly excited to welcome the PeopleMatter team to Snagajob,” says Peter Harrison, CEO of Snagajob. “As employers struggle with a challenging hiring environment, the joining of our companies couldn’t be better timed. Adding PeopleMatter’s best-in-class products to our existing market-leading portfolio will help employers of all sizes more easily find, hire and manage their hourly workforce.”

Through its work with over 70 million members and 200,000 employers, Snagajob is already the nation’s leading marketplace connecting hourly workers with hourly employers. With a mobile app consistently ranked as a top five app for business productivity in the App Store and Google Play, Snagajob has expanded its strategic vision to offer digital and mobile solutions to small and medium businesses, as well as large enterprise employers with high-volume hiring needs. The addition of PeopleMatter’s widely used applicant tracking and employee onboarding tools will further expand the company’s ability to offer more to employers with recruiting, hiring onboarding and workforce management needs.

“We have been focused on taking PeopleMatter to the next level through building innovative solutions, growing our total addressable market and working to transform how the hourly market works,” said Jay Nathan, vice president of customer success at PeopleMatter. “Combining with Snagajob allows us to do this and more. Joining the hourly market’s top ‘find’ solution and full-featured ‘hire’ and ‘work’ solution creates a powerful, unmatched product set. We now can be a part of something bigger, expand our reach, and make a larger impact on the hourly market.”

“I have worked with both Snagajob and PeopleMatter and really see the synergies with these two companies coming together,” said Jeanne Graves, vice president of human resources for Del Taco. “Nearly 6,000 of the 20,000 job applications we receive each quarter come through Snagajob and seamlessly flow into our PeopleMatter applicant tracking and onboarding system. We are seeing the best bang-for-our-buck. We have so many quality applicants at this point, we don’t know what to do with them all. It’s a great problem to have.”

Today’s announcement is the latest step in Snagajob’s recent growth momentum. Earlier this year, the company secured $100 million in funding, announced a new strategic partnership with LinkedIn, and hired former OpenTable head of product Jocelyn Mangan as chief product and marketing officer. The company had a direct hand in hiring over three million people last year alone and has nearly doubled its revenue from employers in the last few years.

Subject to customary closing conditions, the transaction is expected to close later this month.  In the near term, customers can expect to interact with each company as they always have. Once the integration is complete, Snagajob expects customers to enjoy an expanded offering that draws upon the breadth of expertise from both companies.

To find out more about the acquisition, please visit http://www.snagajobandpeoplematter.com/ and follow @SnagajobWorks.

About Snagajob
With over 70 million current members and one million new members every 35 days, Snagajob is America’s #1 spot for hourly work—creating instant and quality connections between hourly workers and hourly employers to secure a job in minutes. We partner with half of the brands on the Fortune 1000 list and offer mobile solutions for every stage of the hiring process, from finding a job, to onboarding, to workforce management. Since 2000, our mission has been to put people in the right fit-positions so they can maximize their potential and live more fulfilling lives across a variety of industries, including restaurant, retail, hospitality and healthcare. For more information, visit snagajob.com or follow us @snagajobworks.

About PeopleMatter
PeopleMatter is a powerful and complete workforce management platform designed to fit the specific needs of service-industry brands. Our complete set of mobile, workforce solutions and business analytics tools connect processes, employees and customers in entirely new ways. Automating and optimizing people processes since 2009, PeopleMatter helps more than 47,000 service-industry locations thrive through better efficiency, engagement and customer satisfaction. PeopleMatter is headquartered inCharleston, S.C. and on online at Website |Twitter |LinkedIn |Facebook.

 

SOURCE Snagajob

Xignite Clients Nominated for 20 Benzinga Fintech Awards

A June 2, 2016 article from Business Wire announced that 20 of Xignite’s clients were recognized as the most innovative financial technology companies at the 2016 Benzinga Fintech Awards. The article continues below:

“Xignite clients won 11 awards, placed in 6 categories, including Founder of the Year and Overall Fintech Leader, and swept the Innovation in Mobile category winning first place, runner up and honorable mention.

Over 250 companies from five countries were considered for these awards and the most creative, innovative and disruptive were recognized at the ceremony. Benzinga, itself an emerging fintech powerhouse, created the awards to recognize the most innovative companies that are revolutionizing capital markets and wealth management and reinventing the way investors and traders perform their jobs. The high-energy ceremony was attended by some of the most influential movers and shakers in the financial services industry, all of which have been instrumental in fueling innovation in the fintech space.

Behind all 20 of these companies’ success lies Xignite market data APIs and its cloud-based platform. Xignite provides real-time and reference market data to emerging and established financial services companies to help them deliver stock market quotes and similar pricing data to their digital assets, such as websites and apps.

‘We are proud to enable these fintech companies that are changing the world of financial services with their innovative products,” said Stephane Dubois, CEO and Founder of Xignite. “We are powering the leading fintech disruptors by providing these entrepreneurs with simpler, faster and less expensive financial data APIs than legacy data vendors. It is also exciting to see large financial organizations beginning to react to this sea change and trying to catch up on innovation and cost savings.’”

Read more: www.businesswire.com/news/home/20160602005297/en/Xignite-Clients-Nominated-20-Benzinga-Fintech-Awards

StarVest Co-Founder and Managing Partner Debby Farrington Chairs the Harvard Business School Club of New York Annual Leadership Dinner

Debby at HBSCNY Dinner

(From left to right: Nitin Nohria, Dean of Harvard Business School; John Paulson, founder and President of Paulson & Co. and winner of the 2016 Business Statesmen Award; and Deborah A. Farrington, StarVest Co-founder/Managing Partners and Chair of the 2016 Leadership Dinner)

May 18, 2016, New York, New York – StarVest Co-Founder and Managing Partner Deborah A. Farrington chaired the 2016 Harvard Business School Club of New York Annual Leadership Dinner at the American Museum of Natural History in New York. In front of a crowd of over 500 attendees, Ms. Farrington presented awards to John Paulson for Business Statesmanship, Leslie Wohlman Himmel for Entrepreneurship, Jane Fraser for Leadership, and Jeffrey C, Walker and Wynton Marsalis for Social Enterprise. The event was one of the most successful fundraising dinners for the Harvard Business School Club in the past 12 years.

 

 

 

Fidelity Raises Value of Many of its Tech Companies

As the Wall Street Journal reported on April 30, Fidelity Investments reversed course in March and marked up a number of its tech holdings.

The mutual-fund company…released valuation estimates as of March 31 for its holdings in various funds. Fidelity wrote up the value of software firm Domo Inc. by 68% after marking ti down 29% in February. Stemcentrx Inc., the cancer-drug maker that AbbVie Inc. said this past week that it would acquire for up to $9.8 billion, was marked up 61%, back to the value Fidelity paid for the shares in August.

Other shares marked up by Fidelity in March include software companies Cloudera Inc. and Nutanix Inc., each up about 20%, as well as storage firm Dropbox Inc., up 14%. Fidelity marked up ad-technology company AppNexus Inc. and software firm MongoDB Inc. over 20%. All five of those companies’ values are still down overall since December, due to prior markdowns in January and February.

Much of this re-evaluation can be attributed to the rebound of the Nasdaq in March and is a promising sign to the Venture industry going forward.

 

Interview with Matthew Wellschlager, VP Marketing – Ceros

Matthew Wellschlager, VP of Marketing at StarVest portfolio company Ceros, spoke with MarTech Advisor about Ceros’ current marketplace and roadmap for the company. Matt stresses that:

The best interactive content always starts with a story, and the best interactive content creators are those using the visual and interactive powers of HTML to create a more personalized, dynamic experience (clickable content, choose your own adventure, etc).

Congratulations to Matt and Ceros on the feature! To read the full interview, go to http://www.martechadvisor.com/interviews/executive-interviews/interview-with-matthew-wellschlager-vp-marketing-ceros/.