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Deals of the day: Prosper raises $70 million

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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May 5, 2014, 4:20 PM ET
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Venture Capital Deals

Prosper Marketplace Inc., a San Francisco-based peer-to-peer lending company, has raised $70 million in new funding. Francisco Partners led the round, and was joined by Institutional Venture Partners and Phenomen Ventures. www.prosper.com

Optimizely, a San Francisco-based provider of A/B testing solutions for websites, has raised $57 million in Series B funding led by Andreessen Horowitz led the round, and was joined by return backers Benchmark Capital and Bain Capital Ventures. Read more at Fortune.

Kabbage, an Atlanta-based provider of working capital for small businesses, has raised $50 million in Series D funding. SoftBank Capital led the round, and was joined by TCW/Craton, Lumia Capital and return backers David Bonderman, Warren Stephens, UPS’ Strategic Enterprise Fund, Thomvest, BlueRun Ventures and Mohr Davidow Ventures. www.kabbage.com

Smartsheet
, a Bellevue, Wash.-based collaborative work management tool, has raised $35 million in new VC funding. Sutter Hill Ventures led the round, and was joined by return backers Insight Venture Partners and Madrona Venture Group. The company previously raised around $30 million.www.smartsheet.com

Orbotix, a Boulder, Colo.-based maker of smartphone-controlled robotic balls, has raised $15.5 million in new VC funding. Shea Ventures and Grishin Robotics were joined by return backer Foundry Group.www.orbotix.com

UberMedia
, a Pasadena, Calif.-based mobile ad targeting and social app company, has raised $8 million in new VC funding. Backers include Blue Chip Ventures and Gordon Crawford. The company previously raised more than $17 million from such firms as Accel Partners, Index Ventures, Lerer Ventures and Revolution Ventures. www.ubermedia.com

Drivy, a French car-sharing/rental service, has raised €6 million in new VC funding from seed backers Alven Capital and Index Ventures. www.drivy.com

Area 1 Security, a Menlo Park, Calif.-based cyber-security startup focused on the first phase of attacks, has raised $2.5 million in seed funding from Kleiner Perkins Caufield & Byers, Cowboy Ventures; Data Collective, First Round Capital, Allegis Capital, Ray Rothrock and Derek Smith. The company was founded by three former NSA employees. www.area1security.com

Private Equity Deals

Mill Road Capital has agreed to acquire R.G. Barry Corp. (Nasdaq: DFZ), a Pickerington, Ohio-based maker of footwear, handbags and other women’s accessories, for approximately $215 million in cash. The $19 per share deal represents an 18% premium to the 30-day trading average prior to the announcement of Mill Road’s original proposal on Sept. 11, 2013. www.rgbarry.com

Post Capital Partners
 has acquired the Puerto Rico solid waste operations of Waste Management Inc. (NYSE: WM). No financial terms were disclosed. www.postcp.com

Recochem Inc.
, a Montreal-based maker of specialty consumer and industrial chemical products for general merchandise retailers, has raised an undisclosed amount of private equity funding fromSwander Pace Capital. www.recochem.com 

Silver Oak Services Partners
 has acquired iSystems LLC, a Colchester, Vt.-based provider of payroll, tax and HR management SaaS for service bureaus. No financial terms were disclosed.www.isystemsllc.com

Tall Tree Foods, a portfolio company of Altamont Capital Partners, has acquired Klement Sausage Co. Inc., a Milwaukee-based sausage-maker. No financial terms were disclosed.www.altamontcapital.com

IPOs

Ambrx Inc., a La Jolla, Calif.-based developer of protein therapeutics known as bio-conjugates has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol AMBX, with Stifel and Wells Fargo Securities serving as lead underwriters. The company reports a $17 million net loss on $17 million in collaboration revenue for 2013, compared to $22 million in net income on $44 million in collaboration revenue for 2012. Shareholders include Tavistock BIO (19.3% pre-IPO stake), Maverick Capital (17.4%), Apposite Healthcare Fund (9.5%), Versant Ventures (7.5%), 5AM Ventures (6.9%), Roche (6.2%) and Merck (5.2%). www.ambrx.com

Century Communities Inc.
, a Greenwood Village, Colo.-based homebuilder and residential community developer, has filed for a $102 million IPO. It plans to trade on the NYSE, with FBR serving as underwriter. Shareholders include Luxor Capital Group (9.4% pre-IPO stake), BlueMountain Capital Management (8.7%) and Claren Road Asset Management (5.8%).   

Eclipse Resources Corp.
, an oil and gas exploration and production company focused on the Appalachian Basin, has filed for a $100 million IPO. It plans to trade on the NYSE under ticker symbol ECR, with Citigroup, Goldman Sachs and Morgan Stanley leading a group of 14 underwriters. Shareholders include EnCap Investments. www.eclipseresources.com

Trustwave Holdings Inc.
, a Chicago-based provider of on-demand data security and payment card industry compliance management solutions, has formally withdrawn registration for a $100 million IPO that was filed in April 2011. Shareholders include FTV Capital and First Analysis Funds.www.trustwave.com 

Zendesk Inc., a San Francisco-based provider of an on-demand helpdesk, has set its IPO terms to 11.11 million shares being offered at between $8 and $10 per share. It had originally filed to raise $150 million. The company would have an initial market cap of around $632 million, were it to price in the middle of its range. It plans to trade on the NYSE under ticker symbol ZEN, with Goldman Sachs, Morgan Stanley and Credit Suisse serving as lead underwriters. Zendesk reports a $22 million net loss on $72 million in revenue for 2013, compared to a $24 million net loss on $38 million in revenue for 2012. It has raised more than $90 million in VC funding from Charles River Ventures (24.5% pre-IPO stake), Benchmark (18.7%), Matrix Partners (8.8%), Redpoint Ventures, GGV Capital, Index Ventures and Goldman Sachs. www.zendesk.com

M&A

Google (Nasdaq: GOOG) has acquired Rangespan Ltd., a London-based provider of automated supply chain solutions for online retailers. No financial terms were disclosed. Rangespan had raised around $5 million in VC funding from firms like Octopus Investments. www.rangespan.com

Baosteel Group, a state-owned Chinese steelmaker, has offered to buy Australian mining companyAquila Resources (ASX: AQA) for approximately US$1.3 billion. www.aquilaresources.com.au

Tripadvisor (Nasdaq: TRIP) has acquired Tripbod, a London-based startup that connected tourists with local guides. No financial terms were disclosed. www.tripbod.com

Jacobson Partners has sold TUG Technologies Corp., a Kennesaw, Ga.-based maker of airport ground support equipment, to E-Z Go, a subsidiary of Textron Inc. (NYSE: TXT). No financial terms were disclosed. www.tugtech.com

Yello Mobile, a South Korean mobile app development company, has acquired Indonesian price comparison engine PriceArea 1 for an undisclosed amount. PriceArea 1 had raised VC funding fromGREE Ventures and East Ventures. www.yellomobile.com

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