• Classy

  Participated · Series C · Nov 2016

  Classy is a B Corp certified social enterprise that provides online fundraising software and tools to nonprofits of all sizes. Its platform enables organizations to raise money, engage communities, and advance missions; customers have raised $3 billion and the platform has powered tens of millions of donations from over 190 countries since 2011. The company plans to use the new funding to accelerate product development and to double the size of its product and engineering organization over the next two years. It also intends to enter new markets, such as corporate giving. Leadership recently changed: Christopher Himes was named CEO and co-founder Scot Chisholm will transition to full-time Executive Chairman to lead M&A and new market expansion. Following a year of record growth, Classy will immediately repay its Paycheck Protection Program loan. Classy offers a software-as-a-service platform that enables 501(c)(3) and other nonprofit organizations to run crowdfunding, online and mobile campaigns, awareness events, and fundraising initiatives under one roof. The platform is deeply integrated with Salesforce and supports donation processing and receipts in at least 100 currencies. Classy works with more than 2,500 organizations, including Oxfam, Teach for America, the Leukemia and Lymphoma Society, Girls Who Code, and Ushahidi, and employs 190 full-time staff. The company is investing in artificial intelligence and marketing automation to improve donor retention, addressing average nonprofit churn rates it cites of 60–70% per year. Classy reports it is on target to hit a $1 billion run-rate on donations made via its platform in 2018 but does not disclose specific revenue figures. The firm plans to use new capital for hiring, product development, and expansion both within and beyond the U.S. Classy provides a customizable SaaS platform that powers fundraising campaigns, event management, and donor communications for nonprofits and social enterprises. Customers pay a monthly fee to launch branded campaigns quickly and accept online donations. The platform is used by more than 1,500 organizations, including Oxfam, The World Food Program and National Geographic, and has helped raise hundreds of millions of dollars. Classy reports an average donation of $90 and a largest gift of $75,000; the company says customers see fundraising growth averaging 220% year over year. The company was founded in 2011 and operates with a team of about 80 employees, including a 15-person engineering team. Classy plans to use new funding to triple its engineering headcount and expand across the U.S.

• Scality

  Participated · Series D · Aug 2015

  Scality builds a market-leading software-defined file and object platform designed for on-premises, hybrid and multi-cloud deployments. In 2020 the company reported 30% year-over-year annual growth and achieved the largest quarterly revenue results in its 10-year history. Its enterprise customers span 43 countries across healthcare, financial services, cloud service providers, government and media, with notable new logos including Splunk, Veeam and Weka. Customer investments increased in all-flash file and object storage solutions and S3 hybrid deployments across AWS, Microsoft Azure and Google Public Cloud. Scality secured large-capacity orders up to and over 80PB, expanded into Australia, New Zealand, Israel, Dubai, India and Russia, and reinforced channel relationships with HPE, Supermicro and Western Digital. The company introduced new capabilities in RING object storage and SOFS, added support for all-flash servers, launched a NAS Archiver solution and validated SOFS in Azure. Scality develops software for distributed file and object storage and multi-cloud data control, used to protect, search and manage data across clouds. The company positions its technology as a core component of cloud services across industries including financial services, manufacturing, Media & Entertainment and medical institutions. Customers named in the article include Rackspace, Orange, KDDI, DMM.com, Telstra, Bloomberg Media, Dailymotion, Lancaster General Health, Poole Hospital NHS Foundation Trust, Banque Natixis and SNCF. Led by CEO Jerome Lecat, Scality will use the new funds to accelerate investment in engineering for technology innovation. The article states the company is San Francisco, CA–based and serves businesses planning to leverage cloud. Prior to this round Scality had raised a total of $92m; this round brings total funding to date to $152m. Scality builds the RING, a software-defined storage platform that unifies file, object and OpenStack storage and runs on standard x86 servers. The RING is designed for capacity-driven workloads (cloud services, video, archiving), scales to exabytes and serves over 500 million users worldwide. Since its prior round in July 2013 the company increased revenue by 400% and grew headcount from 42 to 160. Scality has expanded internationally with a Japanese subsidiary (Scality KK), an office in Singapore and a Boston R&D center, and has resale agreements with HP and Dell. The company released an online trial of the RING and IDC named Scality a leader in object-based storage. Scality plans to use new capital to boost its North American salesforce, expand internationally, support resellers, and accelerate product development in multi-geo services, file/object interoperability and security; management has stated the company is being primed for an IPO by 2017. Scality provides the Scality RING, a patented scale-out object storage solution that operates on commodity server hardware and supports protocols such as NFS, the S3 API, Cinder for OpenStack, and Hadoop integration. Introduced in 2010 and led by CEO Jerome Lecat, the company targets large-scale Cloud, Big Data, and backup/archive use cases. Customers include four of the top ten cable operators in the US, a large telecom in France, portals in Italy, Germany and the UK, and several mobile operators in Japan. The company intends to use new funding to strengthen sales and marketing efforts aimed at enterprise and service-provider markets and to expand its R&D team. Since inception the company has raised a total of $35M in invested capital. Scality is based in San Francisco, CA. Scality provides storage-as-a-service and an object-based storage platform for enterprise customers. The company plans to add full multi-tenancy to support service providers offering virtual private clouds (VPCs). It will use part of the Series B proceeds to open an East Coast sales and services office in New York to complement its San Francisco headquarters. Scality said it will step up development of its platform following the new funding. The company previously delivered a complete email platform to cable operator Telenet for over 2 million users. Total investment in the company to date is $13 million.

• VirtuOz

  Participated · Equity · Jun 2011

  VirtuOz, led by CEO Steve L. Adams, provides intelligent virtual agents (IVAs) to enable online customer and technical support. The company serves large and mid-market enterprises with clients including eBay, SFR, H&R Block and L’Oreal. VirtuOz is based in Emeryville, California and operates a European office in Paris, France. It raised an additional $7m in funding from existing investors Mohr Davidow, Inventures Group and Galileo Partners. The company intends to use the funds for product development and to expand sales and marketing efforts in the U.S. and E.U. Its IVA platform is positioned to help enterprises deliver online self-service and support. VirtuOz develops intelligent "Virtual Agents"—chatbot avatars that guide users through sales, help, and support interactions. The agents run complex algorithms, can request additional customer information to build knowledge of problems, and can handle thousands of support issues simultaneously. Avatars are continuously tweaked for each client and produce regular status reports that let administrators track effectiveness. The software is deployed at major sites including PayPal, Chegg, and eBay; eBay reported 88% of support questions were resolved instantly by its VirtuOz agents, and the company says 69% of customers end conversations with a "Goodbye." VirtuOz recently closed an $11.4M Series B, providing additional capital as it expands commercial deployments amid demand for automated support.

• Talend

  Participated · Series D · Apr 2010

  Talend is an open-source data integration vendor based in Los Altos with offices in Paris. It offers data integration, data management and business process management and its technology runs natively across Hadoop clusters, producing MapReduce code. The company reports tens of thousands of downloads every day from its free open-source distribution and plans to invest in inside sales and marketing to build incremental growth from that base. Talend will use the $40M investment to be more aggressive on its product roadmap with a particular focus on Hadoop technologies and to pursue an IPO. The $40M came from Bpifrance and Iris Capital with participation from existing investor Silver Lake Sumeru, bringing total capital raised to $101.6M. Bpifrance is described in the article as a French public investment house that specializes in helping companies do initial public offerings. Talend develops open source data integration, data quality, and master data management (MDM) solutions for the enterprise, publishing core modules under a GPL license. The company emphasizes an open approach that allows the developer community to improve and extend the product. Talend recently acquired Sopera, adding open source SOA and middleware capabilities to offer a unified middleware platform. The acquisition is positioned to deliver greater functionality, lower cost than proprietary technologies, and easier deployment and management; terms were not disclosed. Talend reported its flagship solutions have been downloaded more than seven million times and that its paying customer base grew 140% to well over 1,000 customers in 2009. Financially, the company has raised new funding and has total capital above $60 million. Talend provides open-source data integration, data quality and master data management (MDM) solutions. Its flagship open-source products have been downloaded more than seven million times, and its paying customer base grew 140% to well over 1,000 customers in 2009. The company publishes the code of its core and base modules under a GPL license to engage the developer community. Talend said it will use the new funding to further develop and extend its range of data integration, data quality and MDM offerings. The company characterized 2009 as a "killer year" for its growth. Investors view Talend’s open approach as disruptive to a market historically dominated by a handful of proprietary vendors. Talend builds Talend Open Studio, an open-source data integration product. The flagship product has seen over 3.3 million downloads and the company reports about 400 paying customers and more than 100 partners. Talend says its paying customer base grew by over 300% in the past 12 months. The company plans to use new funding to expand global operations into the Americas, EMEA and Asia-Pacific and to introduce a number of new products during the year. Financially, Talend completed a $12 million Series C and has raised close to $20 million in total after two prior rounds. Balderton Capital and AGF Private Equity are lead investors in the latest round.

No current team members are available.