Blume Ventures has released its quarterly investor letter which states that it invested in 8 additional Series A fundings, 3 Series B fundings, 1 Series C funding and managed 1 part-secondary exit, 4 full exits and 1 grand exit, by January 2015. The report is inclusive of the investments made in calendar year 2014. Companies funded through its series A include GreyOrange, Covacsis, WeAreHolidays, Instamojo, Hashcube, Purplle, Nowfloats and Tookitaki, while those funded through series B include Zopper, Taxiforsure and Hotelogix. Taxiforsure was also the beneficiary of Blume’s series C round of funding. On the M&A and exit front, Blume exited seven companies. Qubecell was acquired by Boku while Zipdial was acquired by Twitter, both positive exits. On the other hand five startups were exited at a value lower than the original investment. These include Adepto, Gharpay/Clink, Skoolshop, Karmic and Moneysights, each of which was acquired for its assets. What Blume intends to do: According to Blume, it is currently on the verge of completing 4 years of funding. It is expecting most of the startups it invested in in 2011-2013 to breakout this year. The venture also aims to invest in an additional 10-12 series A and 4-5 series B fundings from February this year. It also expects to see 3-4 positive exit outcomes or company sales this year. As of now, Blume Ventures has invested in overall 14 Series A fundings, 5 Series B fundings and seen 2 positive exit outcomes till date. What Blume Ventures learned in 2014 includes: - Even if…
