On Tuesday, Chevy Chase, Md-based TDF Ventures alongside D.C.-based Paladin Capital Group invested a total of $23 million into a group of Silicon Valley-based startups. Here's how the investments break down:
TDF Ventures
The Maryland VC firm led by General Partner Steve Mankoff, an Oracle and Siebel alum, invested $5 million into OpsPanda, a Palo Alto cloud software startup that focuses on sales analytics. The investment was jointly made between TDF Ventures and PivotNorth Capital; a firm that specializes in private university and seed stage investing. According to a press release, OpsPanda's SaaS service uses "predictive analytics to help sales teams align goals with results by leveraging data buried in the enterprise--such as quotas, hiring, attrition, skills and ramp."
TDF Venture's other investment on Tuesday, totaling $4 million, was aimed at Stellar Loyalty. Stellar Loyalty is a CRM (customer relationship management) software startup that is based in Foster City, Calif. "The Stellar Loyalty team has changed the market dynamics with a modern, mobile-best SaaS solution, and we believe they are poised to capture robust market share in the global loyalty market," Mankoff said in a statement.
Paladin Capital Group
This diverse private equity firm, which boasts a portfolio full of cybersecurity and data analytics companies, pushed $14 million into San Francisco bay area company Digital Shadows on Tuesday. The round was led by Trinity Ventures. Digital Shadow's cybersecurity platform is able to continuously monitor more than 100 million data sources in 27 languages in realtime across the Internet (and Dark Web). They then leverage this data to understand a client's "digital footprint."
"Since our Series A investment round in 2015, we’ve made huge strides; more than doubling our team, and achieving more than 300% growth as more businesses understand the significance of risks beyond the boundary," wrote CEO/founder Alastair Paterson in a blog post on Tuesday.
