Tag Archives: Adams Street Partners
SnagAJob Raises $27 Million Led By August Capital
Online job search company SnagAJob.com has raised $27 million in funding led by August Capital. SnagAJob.com plans on using the funding to expand operations, increase marketing, and pursue acquisitions. In November, SnagAJob.com made plans to double their staff. They have about 210 employees as of right now and expects to hit 300 by the end of the year. The company has also moved into a 35,000 square foot office at the Innsbrook Corporate Center in Henrico County, Virginia. Eric Carlborg of August Capital will be joining the board of directors at SnagAJob. Other investors in this round include Adams Street Partners, Baird Venture Partners, and C&B Capital. [Times Dispatch]
gWallet Raises $12.5 Million From Adams Street, Trinity, and Stanford
gWallet is an offer-based ad network company that focuses on virtual goods and online games. gWallet raised $12.5 million from Adams Street Partners, Trinity Ventures, and Stanford University. The funding will go towards opening an office in London and in New York City.
gWallet plans to avoid some of the same scams that Zynga accepted as ad deals by offering a “transparent” platform. This means that game developers and social networks choose what ads to accept.
Gurbaksh Chahal is the founder of gWallet and he has experience in selling advertising companies. Chahal founded and sold ClickAgents to ValueClick and then BlueLithium to Yahoo! BlueLithium was bought by Yahoo! for $300 million. Although I admire Chahal for his entrepreneurial spirit, I thought his reality show Secret Millionaire was terrible.