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Funding
Hotswap Gets Funding From Wozniak
By Doug Caverly
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
By Doug Caverly
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
By Doug Caverly
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
By Doug Caverly
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
By Mike Sachoff
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
By Doug Caverly
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
By Andy Beal
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
By Doug Caverly
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
By Doug Caverly
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
By Doug Caverly
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.
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