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Javelin, Insight lead $25m Series B for JavaScript framework developer

18 Aug 2014

FamousInsight Venture Partners and Javelin Venture Partners have led a $25m Series B financing round for JavaScript framework

Insight’s Jerry Murdoch will join the board following the investment.

Javelin managing partner Jed Katz negotiated a $3m in the company at an early stage and helped bring on board Samsung to add another $1m according to a blog post.

Last yeartech-focused Javelin closed its third fund on $125m, exceeding the size of its $105m second vehicle raised in 2011.

Javelin said it would use the fund to target tech startups in the digital media, software-as-a-service, marketplaces, advertising platforms, big data and mobile sectors.

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