Funding Articles

Andreessen Horowitz Raises $1.5 Billion For Fund III Andreessen Horowitz Raises $1.5 Billion For Fund III

VC firm Andreessen Horowitz announced that it has raised $1.5 billion for its Fund III. Co-founder and general partner Ben Horowitz explains, “Fund III is all about extending our capabilities to more disruptors and pioneers. We’re remaking the modern venture …

Gidsy Gets $1.2 Million From Investors, Including Ashton Kutcher Gidsy Gets $1.2 Million From Investors, Including Ashton Kutcher

Gidsy just raised $1.2M Seed Investment from Sunstone Capital together with W. Vogels (CTO of Amazon), Index Capital and Ashton Kutcher. “Gidsy is exploring, booking and offering unique things to do,” CEO Edial Dekker tells WebProNews. “We launched in Amsterdam, …

GetGlue Hits 2 Million Users, Raises $12 Million [Exclusive Interview] GetGlue Hits 2 Million Users, Raises $12 Million [Exclusive Interview]

GetGlue announced that it has closed a $12 million round of financing, led by Rho Ventures. Other investors include: TimeWarner Investments, RRE Ventures, and Union Square Ventures. WebProNews interviewed CEO Alex Iskold about the funding and the growth of GetGlue …

Unruly (Of Google’s Chrome Marketing Debacle Fame) Raises $25 Million Unruly (Of Google’s Chrome Marketing Debacle Fame) Raises $25 Million
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Unruly is the marketing firm behind Google’s Chrome paid link fiasco – the campaign by which Googlers are saying they are embarrassed. Still, Unruly announced today that it is has just raised $25 million in funding in a Series A …

DuckDuckGo Ready to Go to the Next Level, Gets New Funding DuckDuckGo Ready to Go to the Next Level, Gets New Funding

DuckDuckGo just announced that Union Square Ventues is leading the company’s first round of funding. Other investors include:  Scott Banister, Jim Young, Jeff Miller, Joshua Schachter, Kal Vapuri, Joshua Stylman and Peter Hershberg. In a Union Square Ventures blog post, …

Challenges with Raising Venture Capital & Being Transparent about It Challenges with Raising Venture Capital & Being Transparent about It
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It hurts to get close to something that you want and then not get it, doesn’t it? When we’re talking about money and business, this situation is even more painful. Furthermore, talking about the situation does nothing but add more grief to an already complicated situation.

Tumblr Keeps Growing and Growing Tumblr Keeps Growing and Growing

The microblogging site that’s home to image lovers everywhere is growing by leaps and bounds. So much so, in fact, Tumblr has secured new funding, thanks, in large part, to the massive amount of pageviews it receives on a daily …

Airbnb Looks To Expand With $112 Million In New Funding Airbnb Looks To Expand With $112 Million In New Funding
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“Community marketplace for unique spaces” Airbnb announced today that it has received $112 million in Series b financing from Andreessen Horowitz, DST Global, and General Catalyst. When you add that to their previous funding, Airbnb now boasts total funding of …

AdKeeper Lands $35 Million In Funding

AdKeeper, a company that allows users to save online ads for later viewing, said today it has raised $35 million in Series B funding led by Oak Investment Partners

The round raises AdKeeper’s total funding to $43 million since it came out of stealth in October and is set to publicly launch in February.

AdKeeper allows users to save ads in personal “Keepers” to review the ads later. Users can click on the “Keep Button” which is embedded in the ad.

Ad Firm with Former NASA Engineers Gets New Funding From Nokia

Ad technology company Rocket Fuel has closed its second round of VC funding of $10 million next week. "Rocket Fuel uses prediction and automation techniques derived from rocket science (many employees are former NASA engineers)," a spokesperson for the company tells WebProNews. 

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.