Tableau Software Inc., the provider of digital-charting tools, raised $254.2 million in its initial public offering, the largest U.S. technology IPO this year, pricing an increased number of shares above the range.
GraphLab Inc., which helps retailers and Web-applications developers analyze data to provide customer recommendations, received $6.75 million in a funding round led by Madrona Venture Group LLC and New Enterprise Associates.
Venture firms such as New Enterprise Associates and Accel Partners are stepping up investment in e- commerce as shoppers increasingly turn to niche websites for custom-made clothes at prices that undercut department stores.
Groupon Inc. founder and Chairman Eric Lefkofsky may parlay a $1 million check to co-founder Andrew Mason four years ago into a stake worth $2.3 billion when the daily-deal site sells shares to the public next month.
Harvard University joined with New Enterprise Associates, the first outside investor in Groupon Inc., to start a seed-stage venture fund for financing student startups and investing on the U.S. East Coast.