Daily Archives: April 30, 2013

Andreessen Horowitz is helping to put Silicon Prairie on the map of wanna-be tech hubs with its latest investment in the Des Moines, Iowa-based start-up, Dwolla.

The young internet payment network attracted $16.5m in a Series C round, led by Andreessen, with previous investors Village Ventures, Thrive Capital, and Union Square Ventures joining.

While setting up shop in the mid-western United States leaves the company far away from the investors and talent pools on the West and East Coasts, there are benefits to building a business in a less saturated market. 

Chris Nuttall

The hearts of two health-tracking leaders are to beat as one, with Jawbone announcing this morning it has acquired BodyMedia, in a deal reportedly worth $110m.

Taking the best elements from both’s products would represent a combination only seen thus far in the sleep-monitored dreams of fitness fanatics. Jawbone’s Up bracelet and its app’s interface are beautifully designed but relatively light on meaningful information, while BodyMedia’s armband is ugly, but packing data-rich sensors.