All Posts Tagged Tag: ‘Funding’

Uber Is Now a $50 Billion (Valued) Company

Throw some more money on the Uber stacks. The on-demand car company has just raised another cool $1 billion, according to sources quoted in the Wall Street Journal. The $1 billion brings the total funding to $5. The company is now valued at just shy of $51 billion. This round was brought to you by Microsoft and Indian media company …

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Spotify Hits 20M Paid Users, Defends Artist Payouts

Spotify has a message for Apple and its new Apple Music venture – you’re starting well in the hole. The streaming music company has just announced it has hit 20 million paid subscribers, and 75 million total active users (meaning 55 million free tier users). Year-over-year, that’s a 100 percent increase in paid users. In May of 2014, Spotify reported …

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Should Entrepreneurs Seek Crowdfunding?

A lot of entrepreneurs in todays landscape must decide whether or not to go the crowdfunding route. If you ask multi-billionaire Richard Branson, you’re probably best off at least considering it. Branson has been an investor in popular crowdfunding platform Indiegogo, and in the UK, his Virgin StartUp has partnered with Crowdfunder to help entrepreneurs raise money for their projects. …

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Nextdoor, the Social Network for Neighbors, Now Valued at $1.1 Billion

Nextdoor, the “private social network for you, your neighbors and your community”, just raised enough new funding to make it a billion-dollar company – in valuation, at least. The company has raised $110 million in venture capital from Redpoint Ventures and Insight Venture Partners. This gives the company a $1.1 billion valuation. “None of this would have been possible without …

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Uber Continues to Raise Tons of Money

Someone just gave Uber a bunch of money, again. Bloomberg reports that the on-demand car company has just raised $1.6 billion in convertible debt from Goldman Sachs’ wealth management clients. Bloomberg has the specifics on the deal: The bond Uber placed with Goldman Sachs’ private clients is a six-year bond that will convert into equity at a 20 percent to …

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Twitter Co-Founder Evan Williams Launches Obvious Ventures

Evan Williams, co-founder of Twitter and Blogger, is back with his third version of Obvious, the previous versions of which spawned Twitter, Medium, and Twitter co-founder Biz Stone’s Jelly and Super. This one is called Obvious Ventures, and running the show with Williams are investors James Joaquin and Vishal Vasishth. The firm is what it sounds like – a venture …

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Uber Raises New $1.2 Billion Round Of Funding

Uber is trying to put that whole PR fiasco it had to deal with last week behind it. The company is now dominating headlines for announcing that it has raised a new $1.2 billion round of funding, so it’s definitely moving forward in terms of storylines. The funding was expected, and previously reported, but is now confirmed. The company did …

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Uber Could Soon Be Valued at $40 Billion

Uber could be valued at a staggering $35 to $40 billion after a new round of funding, according to a report. “T. Rowe Price Group Inc. is in discussions to be a new investor, said the people, who asked not to be identified because the details are private. Existing investor Fidelity Investments is also set to participate in the funding, …

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Square Reportedly Raises New $150M Round At $6B Valuation

There has been no official announcement so far, but according to a report from The New York Times, Square has raised a new $150 million round of funding, valuing the company at $6 billion. The report cites a person briefed on the investment, who requested to remain anonymous because of a lack of authorization to speak on the matter. It …

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Yahoo Is Reportedly Investing in Snapchat and Its Sky-High Valuation

Yahoo is one of the backers that’s ready to throw out a funding round that values Snapchat at $10 billion, according to reports. The Wall Street Journal quotes the all-knowing and omnipresent “people familiar with the matter”, who claim that Yahoo and Snapchat have been talking and the former is set to invest an unknown amount in the latter. Snapchat’s …

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Twitter Is Funding A New MIT Lab For ‘Social Machines’

The MIT Media Lab announced that it has secured a five-year, $10 million investment from Twitter, which will provide access to its real-time, public steam of tweets as well as the archive of every tweet all the way back to the beginning. This will be used for a new laboratory for social machines, which aims to solve complex social problems …

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Reddit Raises New $50 Million Round Of Funding

Reddit said on Tuesday that it has closed a new $50 million round of outside funding led by Y Combinator President Sam Altman with participation from Sequoia Capital’s Alfred Lin and Andreessen Horowitz’s Marc Andreessen. Other investors mentioned further down in the announcement include Peter Thiel, Ron Conway, Paul Buchheit, Jared Leto, Jessica Livingston, Kevin and Julia Hartz, Mariam Naficy, …

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Google Capital Backs InnoLight, Its 9th Company

Google Capital, along with Lightspeed China Partners, co-led a Series C round of funding totaling $38 million into InnoLight Technology, according to a new report from The Wall Street Journal. This would be Google Capital’s first investment in China. InnoLight makes high-speed optical receivers used by computer servers. This marks the ninth investment by Google Capital, the growth-stage investment arm …

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Snapchat’s $10 Billion Valuation ‘Not Absurd’ Says Twitter CEO

Reacting to the news that ephemeral messaging app Snapchat was moving fast toward a $20 million investment from Kleiner Perkins at a $10 billion valuation, Twitter CEO Dick Costolo is defending it – calling it “not absurd.” “Crazy growth, clear monetization path, & one of the best social product thinkers out there,” he tweeted. Snapchat at $10b not absurd. Crazy …

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Google Capital Backs Thumbtack, Its 8th Company

Google Capital is leading a $100 million series D round of funding in Thumbtack, a service that is described as helping people “accomplish the personal projects that are central to their lives”. Also contributing to the funding are past investors Tiger Global Management, Sequoia Capital, and Javelin Venture Partners. Thumbtack has raised a total of $150 million to date. What …

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Snapchat Is Apparently Worth $10 Billion

Snapchat has been reported as the fastest-growing social app. It’s inspired an absolutely pointless ripoff from a huge international company. It’s so popular among teens that it’s making them lose their frickin’ minds. But is it really worth $10 billion? Apparently, according to a new report from Bloomberg. They quote people familiar with the matter who say that Snapchat is …

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Uber Is Now a $17B Company After Latest Funding

On-demand car service Uber has just announced a massive $1.2 billion injection from “some of the leading investors in the world,” which values the company at $17 billion (not counting what they already have in the war chest). With that announcement, Uber now operates in 128 cities in 37 countries around the world and says that they are directly responsible …

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Here’s Why Pinterest’s New Funding Is Good News For Your Business

Pinterest has reportedly raised a new $200 million round of funding, valuing the company at $5 billion. Investors are apparently impressed with the direction the already popular visual social media site is taking, which includes new native ads and enhancements to the search experience. Is Pinterest search part of your business strategy? Will it be in the future? Let us …

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Imgur CEO Talks Plans For New Funding, Relationship With Reddit [Exclusive]

Imgur announced this morning that it has raised $40 million in a series A round of funding led by Andreessen Horowitz. General partner, Lars Dalgaard will take a Board of Directors seat with the company. Reddit, which gives Imgur more exposure than anywhere else on the web, also contributed to the round. The company calls this “an appropriate nod to …

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Jeff Bezos And Others Give Business Insider $12 Million

Business Insider announced on Wednesday that it has raised a new $12 million round of funding from existing investors including Amazon CEO Jeff Bezos. Others include IVP, RRE, and Gordon Crovitz. According to CEO Henry Blodget, Business Insider will use the money to create “more great digital journalism (including long-form narratives and investigations),” more photography, more video, more data and …

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Microsoft Invests $15M in Foursquare, Acquires Location Data for Bing, Windows

Foursquare has just received a cash injection from Microsoft, and Microsoft products will soon sport billions of Foursquare data points. The two companies have just announced a strategic partnership that will see Windows OS, as well as Bing, receive location information from the popular check-in app. “So, in the near future, when you use Microsoft devices powered by the Windows …

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Jelly Raises New Funding From Greylock

Jelly announced that it has secured a new Series B round of funding with Greylock Partners, and that partner Josh Elman, who worked as a product lead at Twitter, has joined Jelly’s board. This follows Series A funding last year led by Spark Capital and including Greylock’s Reid Hoffman. “Jelly is a small team with modest capital requirements and we …

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Foursquare Touts 45M Users, $35M in New Funding

It’s been a big, transformative year for location-focused app Foursquare. For the past year, Foursquare has been making both incremental and monumental shifts in the core functionality of the app, taking it from just another check-in game to a real local search and discovery platform – one that can truly compete with the likes of Yelp, Google Places, and more …

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Someone Gave Bitstrips a Bunch of Money

If you hate Bitstrips, you’re not alone. If you love Bitstrips, you’re also not alone. The popular Facebook app that allows users to create custom avatars and stick them in pre-designed comic situations has over 10 million active users. The app recently launched on both iOS and Android too. In the past couple of months, users have created over 30 …

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6-Year-Old Tries to Save NASA with White House Petition

With NASA budget cuts looming, one 6-year-old kid is taking as direct a route as he can to ask President Obama to save the nation’s space program. Connor Johnson of Denver, Colorado loves space and hopes to be an astronaut one day. “The whole reason I want to be an astronaut so I can discover, like, new worlds and discover, …

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Arthritis, It’s Time To Get Serious

Sufferers of arthritis, the disease referring to inflamation of the joints, will be happy to hear some good news that has recently been released from the Canadian organization, The Arthritis Society. As the largest non-government funded organization in Canada responsible for research into arthritis, The Arthritis Society, has pledged to donate over $4.5 million in order to further research the …

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DataStax Raises New $45 Million Round Of Funding

Datastax announced this week that it has completed a $45 million series D round of funding led by Scale Venture Partners with participation from existing investors Lightspeed Venture Partners, Crosslink Capital and Meritech Capital Partners, and new investors DFJ Growth and Next World Capital. The company says the funding builds on its ongoing customer momentum, which includes 20 companies in …

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Blekko Raises New Funding, Reduces Staff

Blekko has both reduced its staff and raised new funding. According to a report from Greg Sterling at Search Engine Land, who had an email exchange with CEO Rich Skrenta, the company laid off eight people earlier this week as part of a cost-reduction effort, but Skrenta reportedly said, “blekko’s revenues are growing and these cost reductions will help us …

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Jelly, Biz Stone’s Mysterious Startup, Reveals Bono, Al Gore, and More as Investors

On April 1st, Twitter co-founder Biz Stone confirmed that he was working on a new startup called Jelly. He was kind of forced into revealing his hand, after news of the project leaked in late March. When Stone announced the company, he said that he was going to wait to share much of the details, since “news of Jelly emerged …

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Foursquare Gets $41 Million in Funding to Help Build the ‘Location Layer for the Internet,’ Better Monetize

Foursquare has announced that the company has secured $41 million in funding from private equity firm Silver Lake Waterman, as well as existing investors Andreessen Horowitz, O’Reilly AlphaTech Ventures, Spark Capital, and Union Square Ventures. CEO Dennis Crowley announced the funding Thursday morning. “The stuff we’re building takes a lot of work. Look at yesterday’s big update, for example. The …

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