Social gaming play, Playfish, announced today that it has completed a new round of funding led by Accel Partners and Index Ventures. The $17 million Series B investment will be used to grow Playfish. The company is betting on social games, which according to Playfish, has an important role in the future of the gaming [...]
October 28th, 2008 | rp | Comments | ContinuedAll Posts Tagged With: "Venture Capital"
Mobile game trial company Mpowerplayer raises $2.5 million series A
Mpowerplayer, the mobile game trial and merchandising solutions company for the wireless industry, announced today that it has secured $2.5 million in Series A funding. The round includes investments from New Atlantic Ventures, the Center for Innovative Technology GAP Fund, and LaunchBox Digital.
The company is aiming at casual gamers through game trials using widget based [...]
Infuse life in your blogs with mofuse
We just mofused our site at imediapress.mofuse.mobi. Mofuse, a mobile services company, gives content publishers the ability to publish their content to the mobile web seamlessly. Mofuse just secured its first round of seed capital. The Slater Technology Fund, a Rhode Island-based early-stage fund that is backed by the State of Rhode Island, provided the [...]
August 22nd, 2008 | rp | Comments | Continued
Mobile TV chip company SIANO raises $17 Mil Series C
With the consumer market now starting to open up to color LCD devices, SIANO aims to add a digital TV function to all color LCD’s. SIANO is a mobile silion company stablished in June, 2004 and develops highly integrated silicon receivers for the mobile digital TV (MDTV) market.
“We are witnessing massive embedding of our products [...]
ReCellular your old cell phones
What happens to most mobile devices when people no longer use them? That was the question Nokia asked more than 6, 500 people in 13 countries around the world. The surprising results showed that most are stored away at home because very few of us don’t know that that they can be recycled or how [...]
August 8th, 2008 | rp | Comments | ContinuedFriendster gets $20 million and Google Exec
Big day for Friendster! First, the social networking site announced a $20 million funding from new investor IDG Ventures. Then Richard Kimber, former Google regional managing director of South Asia, announced he is joining Friendster as its new CEO and a member of Friendster’s board of directors.
“Friendster is growing at an enormous rate in Asia [...]
GumGum raises $1.2 million series A
Image analytics company GumGum has raised $1.2 million in series A from First Round Capital and Crosscut ventures. Howard Morgan and Brian Garrett will join the companies board of directors.
GumGum is a licensing and distribution platform for online content. It tries to give publishers a better deal for their online content e.g. images. Unlike the [...]
Ngmoco gets money from Kliener’s iFund
Game publisher Ngmoco Inc. has raised an undisclosed Series A round from Kleiner Perkins Caufield & Byers and Maples Investments as it readies to release new games on Apple’s App Store, where iPhone users shop for new features.
CEO Neil Young is a former executive from Electronic Arts, where he oversaw the development of several hit [...]
SQL chip company raises $20 mil Series B
Kickfire™, Inc. has announced that it has closed a $20 million Series B financing. Pinnacle Ventures led the round and Series A investors Accel Partners, Greylock Partners, and The Mayfield Fund reinvested. The capital will be used to build out the sales, marketing and customer operations infrastructure to bring the Kickfire appliance to market.
Kickfire delivers [...]
Celeno gets $16 million Series C led by Cisco
Celeno Communications Inc. has closed a strategic $16 million Series C investment led by Cisco. The cash infusion is intended to help the company scale up sales and marketing activities and enhance next generation product development activities. Miven Venture Partners and the company’s previous investors, Greylock Partners and Pitango Venture Capital, also participated in the [...]
July 30th, 2008 | rp | Comments | ContinuedChinese VCs raised record $3bn in second quarter
According to Zero2IPO Group, an integrated service provider in the China venture capital and private equity industry, Chinese Venture Capital firms had a record $3bn to invest in the second quarter of 2008. Zero2IPO gathers its data from 300 VC firms involved in the China market.
During this quarter 29 local and foreign investment firms [...]
Virtual world company Gaia Online raises $11 million series C
Gaia Online, the leading online hangout for teens, has raised $11 million Series C round from Institutional Venture Partners (IVP). eMarketer is predicting that the number of teen internet users visiting virtual worlds will jump from the reported 8.2 million users in 2007 to 20 million in 2011, Gaia Online is targetting this growing audience [...]
July 25th, 2008 | rp | Comments | Continued
Microsoft acquires DATAllegro for undisclosed amount
DATAllegro, a maker of high-end data warehousing appliances, has agreed to sell to Microsoft for an undisclosed amount. The company began with a $6 million Series A round from Venrock and Palomar Ventures in 2004, and in total has raised just under $65 million in venture money.
Other investors include Adams Capital, Focus Ventures, Intel Capital [...]
ContextWeb:the ADSDAQ company raises $26 million in series D
ContextWeb, Inc., the contextual advertising company and operator of the ADSDAQ Exchange, today announced that it has closed a $26 million Series D round of funding.
“We had tremendous interest in the company and received numerous good financing proposals,” says Anand Subramanian, CEO of ContextWeb, Inc. “We chose Investor Growth Capital as our partners to lead [...]
Become.com raises $8 million in Series D, plans to expand in Europe
VentureWire is reporting that shopping comparison service Become Inc. has raised $8 million in Series D funding from European Founders Fund as it expands into the European market. The new funding comes about four months after Become raised $17.5 million from TPG Growth. The company has raised $37.2 million in total.
Become.com provides comparison shopping results [...]
VC’s invest $7.4 billion in 990 deals in Q2 2008
The National Venture Capital Association and PricewaterhouseCooper have released the MoneyTree Report for Q2 2008, a read of the VC industry investments and trends. Venture capitalists invested $7.4 billion in 990 deals in the second quarter of 2008. Quarterly investment activity was essentially flat compared to the first quarter of 2008 when $7.5 billion was [...]
July 19th, 2008 | rp | Comments | Continued
Online video company Mevio nets $15 mil Series C
Online video start-up Mevio Inc., formerly known as PodShow, has raised $15 million in Series C funding led by Crosslink Capital. The round also included funding from Venture industry heavyweights Kleiner Perkins Caufield & Byers, Sequoia Capital, Sherpalo Ventures and DAG Ventures.
MEVIO plans to use the investment to continue expansion of its broadband entertainment offering [...]
Social broadcast radio network:BlogTalkRadio raises $4.6 mil
BlogTalkRadio, the online social talk radio broadcasting network, has raised $4.6 million in Series A financing. The Kraft Group, which is headed by New England Patriots owner Robert Kraft, was the lead investor, along with former hedge-fund manager Scott Sipprelle and other private investors.
The company plans to use the money for product enhancements: integrating video [...]
Jaxtr raises $10 mil. in series B
Voice over Internet protocol company Jaxtr has raised a $10 million Series B round and announced a paid service that the fast-growing company said would allow it to reach break-even next year. Valuation for the new round, which was led by Lehman Brothers Venture Partners, was not disclosed.
The paid service, will allow users of Jaxtr [...]
OwnerIQ raises $6mil in series B funding
Have a product and don’t have the know how to use it or want to learn more about it, go to Boston based, OwnerIQ. The owner targeted advertising company has just raised $6mil in series B funding. The investment is led by Egan-Managed Capital, with all of the company’s original investors also participating.
We just checked [...]
Parascale nets $11.37 million in Series A
Parascale, a cloud storage company for web 2.0 rich media content, has announced that it has closed an $11.37 million Series A financing round led by venture capital firms Charles River Ventures and Menlo Ventures.
Parascale plans to use the funding for product development and marketing initiatives in preparation for the launch of Parascale Cloud [...]
Seesmic - Video conversation company secures $6 million in series B
Seesmic, the online video conversation platform has secured a $6 million second round of funding co-led by Omidyar Network and Wellington Partners. Pierre Omidyar, eBay founder, will join the company board. The new round brings the total funding amount raised by Seesmic to $12 million.
Seesmic enables users to share experiences on blogs, social networks and [...]
LinkedIn worth $1 billion?
LinkedIn Corp., the popular business networking site has been valued $1 billion by four venture capital firms including Bain Capital Ventures, Sequoia Capital, Greylock Partners and Bessemer Venture Partners. The valuation is based on $53 million investement being announced by these venture capital firms for a combined stake of 5 percent in LinkedIn.
“If LinkedIn [...]
Funambol - Open Source Mobile 2.0 company raises $12.5 million
Funambol Inc. announced today that it has raised $12.5 million in series B funding the leading provider of Mobile 2.0 messaging software powered by open source, today announced that it has secured $12.5 million in Series B funding led by mobile-focused venture capital firm Nexit Ventures. Castile Ventures participated as a new investor and [...]
June 17th, 2008 | rp | Comments | ContinuedVeoh secures $30 million in series D financing
Intel teamed up with Adobe Systems as a key strategic investor in a $30 million Series D round for online video company Veoh Networks, which is trying to become the go-to platform for the movement toward interactive viewing on PCs and other devices.
Other investors include, Gordon Crawford, senior vice president of Capital Research Global Investors. [...]
SkyFire gets $13 million series B funding
SkyFire Labs Inc., makers of the SkyFire mobile browser, which allows users to experience the PC Web on their handsets, today announced $13 million in Series B funding led by Lightspeed Venture Partners, a leading global venture capital firm.
This round of funding also includes previous investors Matrix Partners and Trinity Ventures. The company will use [...]
VC deals steady in India, drop in China for Q1
According to a report from VentureWire, venture investments in two of the biggest emerging economies, China and India, have maintained a healthy pace. Deals in India held steady but dropped in China compared to a year ago.
Venture capital firms invested $98.9 million in 16 Indian companies in the first quarter. By sector, seven companies in [...]
Flock raises $15 million in series D financing
Flock Inc. , the maker of the Flock social browser, has raised $15 million in Series D funding led by Fidelity Ventures. Flock generates revenue from driving search traffic, the same model as Mozilla. Flock has a deal with Yahoo Inc. and some other companies.
The company has raised a total of about $28 million [...]
Video Tagging company VeoTag raises $1.2 million
Video publishing service Veotag Inc. has received $1.2 million in funding from Small Ventures USA, a venture firm headed by Bill Perkins. Last year Veotag raised just over $1 million from Small Ventures USA and unnamed angel investors, said Scott Rhodes, co-founder and chief executive of Veotag. Bill Perkins has joined Veotag’s board.
Online video viewing [...]
Wetpaint raises $25 million, introduces social feature - Injected
Wiki company WetPaint announced that it has raised $25 million to accelerate its growth. The company also introduced a new feature - WetPaint Injected that allows publishers to wikify or rather “wetpaintify” their site.
Injected incorporates features common in social sites like inviting friends, embedded editing etc. The unique aspect of Injected is that it is [...]
Amazon funds animoto
Animoto today announced that it has received an unspecified amount of funding from Amazon for its video production web application. The service, launched in August 2007, has had more than 160,000 registered users, about 7.5% of them signing up for premium services, the company said. Animoto Productions is based in New York City with an [...]
May 15th, 2008 | rp | Comments | Continued
Blackberry Partners Fund announced
It is rumored ( VentureBeat) that Research In Motion, the RBC and Thomson Reuters have invested in a $150 million venture investment fund, called the BlackBerry Partners Fund, to support developers of applications running primarily on RIM’s Blackberry phones. The BlackBerry Partners Fund website is alive but appears to be still under construction.
As per [...]
SlideShare recieves $3 million in venture funding
SlideShare Inc. , a San Francisco based startup has secured $3 million in series A funding, led by Venrock. As part of this round, SlideShare will be adding David Siminoff, a general partner at Venrock, to its board of directors. To date users have posted more than 300,000 presentations from 165 countries in [...]
May 10th, 2008 | rp | Comments | ContinuedVenture Capital firms see a slowdown
The Silicon Valley Venture Capitalist Confidence Index fell for the second straight quarter to its lowest levels since the index was started in Q1 2004. The index declined from 3.54 to 3.22 on a 5 point scale. The index is based on a survey of silicon valley venture capitalists conducted by a University of [...]
April 17th, 2008 | rp | Comments | Continued
