Funding Articles

Metacafe Collects $30 Million In Funding
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In the land of online video, YouTube is king – there’s no doubting that.  But Metacafe just received some funding, and if $30 million can buy just 0.49 percent of the market, the site may move from eighth place to sixth.

Hotswap Gets Funding From Wozniak

Hotswap says that “seeing is believing,” and, to a point, I agree; Hotswap lets people post videos to sell their used cars, which is far better than a picture or 15-word newspaper blurb.  Now, with the support of Steve Wozniak, the site may be in a good position to take off.

iCrossing Receives $62 Million In Funding
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Companies routinely receive three, five, or even ten million dollars in various funding rounds; reporting on it kind of dulls you to those huge amounts.  But iCrossing, a “global digital marketing company,” has just received $62 million, and that’s definitely worth a closer look.

techTribe Takes In Funding

On its home page, Canaan Partners volunteers information about a new managing director.  It also advertises a $3 million investment round in iYogi.  But what we’re interested in is techTribe’s funding, and on that subject, Canaan didn’t share a lot of specifics.  Oh, well – we have managed to piece a few things together.

Going.com Receives $5 Million In Funding

If you haven’t heard of Going.com, don’t feel left out – the events-driven network is only targeted at young people in Boston, San Francisco, Chicago, and New York, so I’m betting a lot of folks remain unaware of it.  That may soon change, however, because Going.com just received $5 million in funding.

Takkle Scores Funding From Sports Illustrated

High school sports social network Takkle has received additional funding from Sports Illustrated and the New York City Investment Fund. The amount was not released.

Hi5 Helped By $20 Million In Funding

In the past week, there have been eight WebProNews stories with the word “Facebook” in the title and five involving “MySpace.”  “Hi5” has, as far as I can tell, never been the subject of an article.  But in what’s definitely a noteworthy event, that social network just got $20 million.

Europe’s Challenge to Google’s Dominance

It seems the European Union is all too quick to question Google’s dominance and probe its acquisitions, but is there a huge conflict of interest to consider?

Tudou’s Videos Receive $19 Million In VC Funding

Tudou, a Chinese video-sharing site, has just raised 143 million yuan.  But because Tudou’s funding was provided by the likes of General Catalyst Partners, and Tudou’s advertisers include companies such as Ford, KFC, and Pepsi, it would probably make more sense for me to state that amount as $19 million.

TheFind.com Locates $15 Million In Funding
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TheFind.com offers “shopping search reinvented,” but with a fresh $15 million in its pockets, we may soon wind up with something that’s been re-reinvented.  Then again, that $15 mil could be a sign that the company’s investors (who were led by Bain Capital Ventures) like things just the way they are.

Ning Gains Funds, Users

Earlier this week, Ning collected $44 million in funding – that’s easily the main story here.  But to add an important update to this event, Ning has also now reached the point where it has over 75,000 social networks.

CarDomain Draws $3 Million In Funding

Have you ever seen a guy reach into his pocket, draw out a twenty-dollar bill, and celebrate “finding” this money?  Well, CarDomain.com pulled a similar move today, but on a rather grander scale – $3 million came out of founder Alex Algard’s pockets.

Lijit Receives $3.3 Million In Funding

Blog search is getting better – or at least richer – as Lijit Networks just secured $3.3 million in funding.

SupplyFrame Gets $7 Million In Funding

SupplyFrame doesn’t try to fight with Google, Yahoo, and the rest; instead, it provides “search and interactive quoting tools for electronic components.”  Yet there’s apparently big money in that aspect of the search business – SupplyFrame just received a fresh $7 million in funding.

Quintura Kept Aloft By Fresh Funding

The last time I wrote about Quintura, its “About Us” section made a fairly blatant plea for funding.  I noted this request, and called it desperate.  Now Quintura is millions of dollars richer, and I’m, well, not.

File-Sharing Could Get University Funding Cut?
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So as state-funded university tuition rises faster than the inflation rate, grants are becoming nonexistent, and students are actually looking abroad to complete their education cheaper and in half the time, Congressmen cozy with the RIAA are threatening to cut their funding more if they don’t play ball with the recording labels.

Trulia Takes In $10 Million In Funding

Some weeks are “product” weeks – the companies all have something they want to release.  This has been a “money” week – crazy amounts have been thrown around.  And – although the amount of craziness and throwing involved here is debatable – real estate search engine Trulia has just joined the crowd by raising $10 million in funding.

Buzznet Flies Away with $6 Million In Funding

Buzznet isn’t the biggest social network around, but it is one of the fastest-growing.  In a recent round of financing, the company won the ability to expand even more – Buzznet took in $6 million.

Joost Receives $45 Million In Funding

Internet television service Joost has raised $45 million in venture funding from five companies.

Networks Put Money on Joost

It may not be a $1.6-billion takeover, but Joost seems to be doing pretty well nevertheless, attracting $45-million in funding from a group of backers — including CBS and Viacom, two of the TV networks it has signed content deals with.

Topix Goes Beyond Aggregation

Topix went beyond aggregation today by launching the ability for local news readers to post or comment upon stories.  CEO Rich Skrenta describes the business model transformation where they took more risk to turn SEO attention into participation — sharing control to create value.