What happened to the tech companies that raised the largest VC or growth equity rounds in 2008? Company details below. Eight of the 20 companies on the list exited while the rest are alive today. We already looked at 2007’s largest financings in our first edition of TBT.
Here’s how TBT 2008 stacks up.
| Company Name | Logo | Round Amount (M) | Select Round Investors | Where Are They Now? |
|---|---|---|---|---|
| Facebook* |
|
$375 | Microsoft, Horizon Ventures, European Founders Fund | IPO (2011) |
| HomeAway |
 |
$250 | Trident Capital, Redpoint Ventures, Technology Crossover Ventures, Institutional Venture Partners | IPO (2011) |
| OverSee |
|
$150 | Oak Hill Capital Partners | Alive |
| Pocket Communications Northeast |
|
$100 | Battery Ventures, CRV | Alive |
| GridPoint* |
|
$100 | New Enterprise Associates, Goldman Sachs, Robeco, Perella Weinberg Partners, Susquehanna Private Equity Investments | Alive |
| Big Fish Games |
|
$83 | Balderton Capital, Salmon River Capital, General Catalyst Partners | Alive |
| ACTIVE Network |
|
$80 | North Bridge Venture Partners, Austin Ventures, Canaan Partners, CRV, Outlook Ventures, Rocket Ventures | IPO (2011) Acquired by Vista Equity Partners (2013) |
| Luminus Devices |
|
$72 | Draper Fisher Jurvetson, Battery Ventures, Paladin Capital Group, Braemar Energy Ventures, Stata Venture Partners | Acquired by Lightera (2013) |
| Trion Worlds |
|
$70 | Doll Capital Management, Bertelsmann Digital Media Investments, Time Warner Investments, Trinity Ventures, Rustic Canyon Partners | Alive |
| Mode Media |
 |
$65 | Draper Fisher Jurvetson, Accel Partners, DAG Ventures, Information Capital LLC, GLG Partners, Walden Venture Capital | Alive |
| SilkRoad Technology |
 |
$64 | Azure Capital Partners, Foundation Capital, SilkRoad Equity | Alive |
| Ning |
|
$63 | Allen & Company, Legg Mason | Acquired by Mode Media (2011) |
| Coremetrics |
|
$60 | 3i Group, TransCosmos | Acquired by IBM (2010) |
| Tiny Prints |
|
$59 | Technology Crossover Ventures, Summit Partners | Acquired by Shutterfly (2011) |
| Spring Mobile Solutions |
|
$56 | New Enterprise Associates, Goldman Sachs, Ideiasnet | Alive |
| Highwinds Network Group |
|
$55 | General Catalyst Partners, Alta Communications | Alive |
|
$53 | Bessemer Venture Partners, Sequoia Capital, Bain Capital Ventures, Greylock Partners | IPO (2011) | |
| Achronix Semiconductors |
|
$52 | Battery Ventures, New Science Ventures, Argonaut Private Equity, Entrepia Ventures, Capital Investment Group | Alive |
| Spot Runner |
|
$51 | Allen & Company, Interpublic Group, Index Ventures, Tudor Ventures, Daily Mail and General Trust | Alive |
| Soma Networks |
|
$51 | Softbank Capital, SBI Investment, Daiwa Securities SMBC Principal Investments, Ridgeway Capital Partners | Alive |
*These companies had multiple large rounds during this time period
The companies in this list are all venture-backed, and multiple deals within a series were grouped together. Debt and Grant rounds were not included.
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