Category: True Ventures
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BackType!
Another great startup from the True Ventures portfolio has been successfully acquired: Congratulations to the BackType team for joining Twitter. PS: Manu has a great post with some of the BackType background story.
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VMware buys Socialcast
Big congratulations to Tim for selling his company, to Om for seeing his first True investment come to fruition, and to True for another great investment outcome!
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Automattic fundraising
As Om and Matt report, we closed a $29.5 million round of financing for Automattic today. Coincidentally, the closing is happening during one of our bi-annual company get-togethers, so we’ll be able to toast the occasion in person! (Team Automattic is spending the week on a ranch in the beautiful desert of Southern Arizona.) Over…
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Congrats to Maya’s Mom
Maya’s Mom, a startup I got introduced to by Caterina Fake and that True Ventures invested in, has gotten acquired by Babycenter.com (who are owned by Johnson & Johnson). A big congrats to Ann Crady and the great team at Maya’s Mom! It was a pleasure working with them, even though it seems brief. They…