Andreessen Horowitz

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. Read more

Jawbone has joined an elite group of companies – Facebook, Groupon, Skype, Twitter and Zynga – in receiving late-stage funding from Silicon Valley VC firm Andreessen Horowitz. The stylish Bluetooth headset maker announced a $49m investment, bringing total funding to date close to $100m. No other VC firm took part in the round and Ben Horowitz, Andreessen Horowitz co-founder, will join Jawbone’s board. Read more

Foursquare, the social networking company that lets users “check in” to locations using mobile phones, has taken its first significant round of funding after acquisition talks sputtered.

The $20m series B investment was led by Andreessen Horowitz, the venture capital firm founded by Netscape founder Marc Andreessen. Other investors include Union Square Ventures and O’Reilly AlphaTech Ventures. The deal values Foursquare at $95m. Read more

  • The Department of Justice has started an informal review of the exclusive arrangements that limit handsets such as Apple ’s iPhone to particular wireless communications companies, according to people familiar with the matter.
  • EMC upped the ante in the battle for Data Domain, offering $2.4bn, or $33.50 a share, for the innovative data storage company that had agreed to be purchased by NetApp. The bidding war, rare for the technology industry, reflects the perception that Data Domain’s technology will be especially important as the storage industry evolves.

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