Netpulse that provides users with access to HDTv and on demand videos and music as raised a healthy $3.1 Million in Series A round. The funding was led by Javelin Venture Partners along with participation from DFJ Frontier. These funds will be used to improve its platform that is integrated with fitness equipments, giving users an interactive way to entertain themselves while they perform fitness exercises.
Tag Archive: funding
Sometrics that helps social networks better monetize the web sphere has raised a healthy $4 Million for its platform. The funding came from Steamboat Ventures along with participation from existing investors which include Greycroft partners and The Mail Room Fund. The platform works around by letting social networks find better and more efficient ways to monetize themselves which seems to be quite an issue for many networks out there. Plus the platform has a lot for the future given that more online gaming and virtual networks would try to monetize their networks and it has key partnerships with major players which include Outspark and Playdom.
File storage and sharing platform, Box.net has raised a healthy $7.1 Million. The round was led by Draper Fisher Jurvetson along with participation from US Venture Partners. The service offers users a pay as you go storage facility on the cloud plus it also released its application for the iPhone called OpenBox Mobile with similar apps coming for other devices like the Android and BlackBerry.
Spigit has bagged in a healthy $10 Million in its Series B round. The funding came from Warburg Pincus, bringing the total funding to $14 Million. As is the case for startups who get funds, the CEO will use the funds to develop products and to boost its marketing works. The startup has been busy integrating its services with Microsoft’s SharePoint giving users a real time update on their activity.
Blog Search engine and ad network, Technorati has added another $2 Million to extend its Series D round in which they raised $7.5 Million. The funds came from Mobius Venture Capital and Draper Fisher Jurvetson and had valuated the company close to $35 million. With the latest funds the company moves over into profitability and is currently placed at the fifth spot in the social network category with more than 25 million visitors from the US alone. The network has come a long way from being the blog network alone all the way to providing advertisement to 400 plus sites on the web, most of which include blogs and social networks.
Paris based music streaming service, Deezer has bagged a healthy $9.6 Million in funding. The round was provided by CM CIC Capital Prive and AGF Private Equity and the company plans to utilize its parent company, Odyssey Music Group to grow further. There have been some controversies and lawsuits it faced initially when it was launched as BlogMusik but it has steered clear of all that and has grown pretty well with around 10 million users.
Amie Street, the online music startup as raised $3.9 Million in its B round. The round was led by Deep Fork Capital along with participation from other investors whose names remain undisclosed. The funds will be utilized to refine the product and develop new products. Users of the startups promote their music using its platform and the startup had earlier signed a key deal with Sony Music, which isn’t surprising given that it has more than 1.5 million titles available for downloading.
There are funds pouring in Engine Yard as the platform got itself a healthy $19 Million for its Ruby on Rails deployments. The funding came from new investors DAG ventures, Presidio Ventures and Bay Partners along with participation from existing investors, New Enterprise Associates Amazon and Benchmark Capital. Engine provides developers with a hosted environment for creating apps on the Ruby on Rails environment for Web applications.
Twitter is minting some funds as the microblogging network raised a healthy $100 Million in a new round. The investment came from new investors, Insight Venture Partners and T.Rowe Price along with existing partners. We aren’t sure on what valuation the funding was based on. However we had earlier got a tip that the valuation was close to 1 Billion and the current funding brings it total cash to $155 Million in the last couple of years.