Ooma has raised a healthy $14 Million in venture capital for its VoIP services. And the money has come just at the right time as it pushed the startup into profitability. There is quite some work going on as the company plans to launch a new device and getting positive feedback from consumers. The round was led by Worldview Technology Partners.
Tag Archive: funding
LiquidPlanner has scored a healthy $1 Million in angel funding from investor Geoff Entress, investors the Bellingham Angel Group and Alliance of Angels. The funds will be used by the startup to boost marketing and new sales along with developing its project management software. With over 200 companies already using its service which include those from the creative and design sector.
With an idea to create a location aware search mobile search platform that recommends restaurants, hotels, movies etc closest to you current location, Geodelic Systems has bagged a healthy $3.5 Million. The round had been raised last year, provided by Shasta ventures and Clearstone Ventures. The recommendations help users to find locations with the least possible need to punch in keys and the team is already working to put up an iPhone app as well.
23andMe, the genetics testing startup that was founded by Sergey Brin‘s wife, Anne Wojcicki has scored another round of funding. The current round came from Google, bringing in $2.6 Million from the estimated $24.26 million it expects to raise in Series B. It has continued to grab funds beginning with a $9 million Series A round. The company helps consumers find information about their ancestry and predicting what diseases they might develop by analyzing their DNA.
News aggregation site, Newser has raised a healthy $2.5 million in a round of funding. The company was founded by Patrick Spain and Michael Wolff and the current funding came from several individual investors who have invested in previous startups by Spain. With over 2 million visitors a month, the news aggregator site still has quite a long way to go before it actually stands in competition to the giants like Google and Yahoo news in business.
While giants like MySpace and Yahoo are trying to cut down costs by firing people and shutting down services, funds keep coming to startups. Stealth startup, 5to1 has raised a a healthy $4.5 Million in funding. The funding has come in two separate installments with the first closed at $2.2 million in April followed by another $2.3 Million recently. The startup boasts having a pretty impressive team and was founded by Jim Heckman and Ross Levinson both of whom were execs at Fox Interactive.
Animoto, the startup that helps create professional looking slideshows from the music and photographs that users upload has raised $4.4 million in Series B round of funding. The round was led by Madrona Venture Group. The startup is based on a very innovative idea and has been very successful ever since its inception. The funding will help it to expand further and eventually work upon the idea of using videos instead of a music and photo transition that it currently provides users with.
AdWhirl, the mobile ad platform that makes it easier for developers of iPhone apps to easily change their ad networks raised a healthy $1 Million. The round was the first for the ad platform after it had been running on angel investment for quite a time. Foundation Capital led the round along with its existing angel investors. There are reports that AdWhirl’s members crunch a good amount revenue each day in the range of $400 to $5,000 daily. That sounds alluring enough and if only I had the brains to create a killer app, I would gladly quit my job.
YuMe, the online video ad network has bagged $2.9 Million out of the $4.5 Million round. The company has raised close to $19 million in funding from its backers which include Accel Partners, Khosla Ventures, DAG Ventures and BV Capital while the current backers remain undisclosed. The service will utilize the funds to further expand its business.