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Funding Articles

Popular News App Maker Newsy Gets New Funding
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Newsy is a video news service that analyzes the world’s news coverage, highlighting the key differences in reporting. The company has now closed a $2 million round of funding.

Newsy is already popular with iPad users. "Newsy released its iPad app last week – the app rose to #6 for news in the iTunes’ App Store (currently is #11) and has excellent reviews," Newsy VP Marketing and Community Alexandra Wharton tells WebProNews.

ChaCha Closes $7 Million Round of Funding

Answers service ChaCha announced today that it has closed a $7 million E round of funding. The service lets users go online, call, or text questions on mobile phones and receive answers "within minutes" for free. The service has an iPhone app and lets people ask questions via Twitter as well.

This round of funding might be particularly significant for the company. "We believe this latest round provides ChaCha the cash required to reach profitability," says CEO Scott A. Jones.

Twitter Secures One Billion Dollars In Funding

So it looks like Twitter has entered some rarefied air for sure. According to ReadWriteWeb and TechCrunch the micro-blogging juggernaut is moving into an exclusive club by securing a new round of funding ($50 million) based on a valuation of $1 billion (yup, it’s a b). No doubt, this will begin to stir the supporters and detractors alike.

Real-Time Search Engine Attracts $7 Million Funding
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OneRiot, one of the real-time search engines whose name we keep hearing again and again has secured $7 million in Series C funding from Appian Ventures, Commonwealth Capital Ventures, and Spark Capital, the company’s existing venture capital firms.

"This commitment from our existing investors is a big vote of confidence in the realtime search market, OneRiot’s product offering, and our team’s ability to execute," said Kimbal Musk, OneRiot’s CEO.

Third-Party Twitter Business Platform Raises $1.1 Million
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CoTweet is a Twitter app, which is described as a real-time business collaboration platform for Twitter. It has also just raised $1.1 million in venture funding.

The funding comes from Baseline Ventures, Founders Fund, First Round Capital, SV Angel, Maples Investments and Freestyle Capital. CoTweet is used by brands like Whole Foods, Starbucks, Microsoft, JetBlue, Ford, Pepsi, Sprint, and Coca-Cola.

Facebook Announces fbFund Developer Advisory Council

fbFundAlthough the popularity of some Facebook apps has been shaken up since the redesign, allowing for others to emerge, Facebook apps in general are still booming.

Steve Case’s PayPal Rival Gets Big Funding

Steve CaseRevolution Money is an online payment company owned by AOL co-founder Steve Case.

Struggling SpiralFrog Raises $2 Million
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SpiralFrog hasn’t been doing so well, but $2 million can heal a lot of wounds, and the ad-supported, Web-based music service has raised this amount in funding.

Kosmix Takes In $10 Million In Funding

It may or may not be time to use the r-word, but even in a recession, money has to go somewhere, and $10 million has just found its way to Kosmix, the vertical search company.

56.com Finds $20 Million In Funding
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In several areas, Google’s the hands-down, for-the-foreseeable-future winner in America.  But in China, that’s not the case, and so a new $20 million investment in video-sharing site 56.com seems like a decent use of money.

AdBrite Receives $23 Million In Funding

If we’re heading towards (or already in) a recession, it isn’t yet hurting online advertising much – AdBrite, which specializes in that field, just received $23 million in funding.

Youku.com Receives $25 Million In Funding

There’s seems to be some small, subtle thing that keeps Google from succeeding in China.  Unfortunately, I can’t identify it (the ability to do that is probably worth a lot of money).  But as further proof of its existence, a Chinese YouTube clone just received $25 million in funding.

ChaCha Gets Extra-Important $10M In Funding

In a series B round of funding, the Indiana 21st Century Research and Technology Fund showed its confidence in ChaCha by tossing in $2 million.  Morton Meyerson must really like ChaCha, though – he gave the human-powered search company $8 million.

5min Earns $5 Million In Funding

For a video-sharing site known as 5min, there’s good news and bad news.  The good: it just brought in $5 million through a round of funding.  The bad: about half of it is now owned by investors.

Real Estate Blog Raises $1.5 Million

So what if the real estate market is tanking?  I think that’s much more interesting to read about than a break-even or everybody-gets-rich scenario, and some investors may feel the same way; Curbed.com, a blog that covers real estate, just received $1.5 million in funding.

FiveRuns Receives $6.2 Million In Funding

It would have been more fitting (in terms of alliteration) if FiveRuns had gotten around $5 million in funding.  Instead, the company, which works with Ruby on Rails, did especially well and took in $6.2 million.

Tumblr Finds Funding

It’s not quite ready to overtake Blogger or TypePad – from which it claims to be completely different – but Tumblr, a blogging company, is now $750,000 richer thanks to a round of funding.

Following FoodFight, SocialMedia Catches $3.5M

SocialMedia Networks is behind several Facebook applications, including FoodFight.  FoodFight allows users to “throw” various things, including piles of poop, at each other.  Fortunately, this app’s success is not directly responsible for SocialMedia’s recent $3.5 million round of funding.

TokBox Receives $4 Million In Funding
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Some beta services are more refined than others, and TokBox, which offers free video chat, may still have a ways to go.  But TokBox has the support of Sequoia Capital, and also has around $4 million from the venture capital firm.

OSS Venture Capital & M&A

Many of you may have heard that Matthew Aslett is over at The 451 Group now.

Turn Winds Up With $8 Million In Funding

$8 million might buy thousands of newspaper ads, or perhaps three or so Super Bowl commercials.  But in this case, the $8 million will go towards funding Turn, the self-proclaimed “world’s first automatic targeting ad network.”