Friday, April 26, 2013

Ignition Gets Big Exit At Parse, After Facebook Buy

Bellevue-based venture capital investor Ignition Partners has scored a big exit at one of its portfolio firms, Parse, after an acquisition by Facebook. Facebook is reportedly paying $85M for Parse. Parse, which developed mobile backed software, has scored a mere $5.5M in funding from Ignition Partners, in a round led by John Connors back in 2011. The funding was the only announced investment for Parse.