While Facebook might appear to be unconcerned about people on certain issues but I admire them when it comes to promoting assisting startups, the fbFund is a winner. Today Facebook announced the names of twenty companies to which more than $500,000 worth of investment be made. The companies, apart from getting funds will also benefit from its program, where they will receive mentoring from the social network’s engineers and each other as well. The winners for the program are:
Tag Archive: funding
TeachStreet, the startup dedicated to assist teachers in promoting their classes to students in their locality bagged $1.2 million in its second round. The current round takes its total funding to $3.5 million. Along with this, the startup also announced expanding its branches to six cities and presently opened up in Chicago as well. While it provides its services for free, the startup also plans to begin offering premium service that will help teachers utilize better promotion options.
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Looks like ad tech providers are having funds coming from every direction. Today another such firm, Peer39 took its total funding to $22 million as it announced the closing of Series C round that brought it $10.5 Million. The funding came from its existing investors Canaan Partners, JP Morgan, Silicon Valley Bank, Dawntreader Ventures and led by Evergreen Venture Partners. Peer39 started off as an independent ad network and eventually changed its strategy to leverage its own semantic ad platform. All that the publishers need to do is add Javascript to their site and each time a page loads, Peer39 analyzes the data and displays ads that most relevant. Such a workaround maximizes the chances of making profits for each ad displayed.
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After circulating for quite some time the rumors of a Russian investment group buying stakes in Facebook is a rumor no more. Facebook has accepted the $200 million offer from Digital Sky Technologies. This would give the Russian firm a 1.96% stake in the company taking the social network’s valuation to $10 billion. DST had also desired to have a seat in Facebook’s board but that didn’t work out and it had to go along by buying the shares. Now Facebook had been flying high when it was valued at a staggering $15 billion before the economic collapse that brought its valuation roughly between $4 billion to $6 billion. While Facebook’s COO Sheryl Sandberg denies Facebook in need of any cash, the additional revenue will definitely open doors to prospective investors as well as give Facebook added cash support to further expand itself. Perhaps by acquiring prospective startups, etc.
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OpenX, one of the largest ad server for publishers on the web that recently launched its OpenX Market an online auction sites for ads has raised $10 million in Series C. What surprises me more is the fact that the funding comes from new investors; DAG ventures who led the round. Existing investors which include Accel Partners, Mangrove Capital and First Round Capital also participated. The company has been growing exponentially mustering close to forty thousand investors that represent 150,000 websites. With this current rate of growth it becomes a bit less surprising that it has managed to attract new investors who see the potential behind its platform.
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Security and Log management company, LogLogic has raised $8.8 million in Series D. The funding came from numerous investors, including, Sequoia Capital, Telesoft Partners, SAP Ventures to name a few and was led by Focus Ventures. The firm assists companies in managing and logging data and IT infrastructure with its software products. The present funding pushes its total cash to $58 million.
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Loop’d has raised $800,000 in its third round of funding. The round was led by its new investors, Tech Coast Angels along with participation from existing private investors. With quite a lot of struggle that action sports brands have to put up with, Loop’d will be using the current funds to initiate its own e-commerce platform. Loop’d has been trying to keep its expenses tied up and laid off a few of its employees and continues to snail through the present economic crisis.
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StockTwits that lets you keep an eye on people’s stock related tweets at Twitter has raised fourth round of funding. The new round brought StockTwits $800,000, which isn’t too much and equals exactly what it mustered in its angel fund. StockTwits works in a simple way by crawling across Twitter messages and looking for stock symbols and indexes each at its own site making it easier to learn what others have to say about the market. Apart from this, reports also state that StockTwits will also begin offering a premium service along with its free one in due time.
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