Tag Archives: Alloy Ventures
GigaOM Raises $6 Million, Led By Reed Elsevier

Technology blog and research company GigaOM has raised $6 million in a round led by London-based venture capital company Reed Elsevier Ventures. Reed is one of the largest publishing companies. Other investors participating in this round include Alloy Ventures and True Ventures. Kevin Brown of REV will be joining the board of directors. GigaOM is raising a new round of funding so they can grow GigaOM Pro. GigaOM Pro is a research service that has over 400 in-depth reports that covers 5 industries in real-time. [GigaOM]
DNA Sequencing Company RainDance Technologies Raises $37.5 Million In Series D

RainDance Technologies is a DNA sequencing company that has raised $37.5 million in Series D funding. This round of funding was co-led by Quaker BioVentures and Mohr Davidow Ventures. Previous investors Alloy Ventures and Acadia Woods also participated in this round of funding. RainDance is led by CEO Roopom Banerjee.
GigaOM Blog Raises $2.5 Million From True Ventures and Alloy Ventures

Technology blog network GigaOM has raised $2.5 million from True Ventures and Alloy Ventures. GigaOM founder Om Malik said that the new funding will not be used for acquisition but for “the future.”
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Zannel Raises $10 Million Series B
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Zannel is an online mobile instant messaging service with a focus on video. The company announced that they have raised $10 million in Series B from Alloy Ventures, U.S. Venture Partners, and Palomar Ventures. The mobile version of their site is available at http://wap.zannel.com.
Last month, Zannel won the 2008 Webby Award for Best Mobile Social Network. This is impressive considering that they are competing directly with YouTube Mobile. I tested videos on both Zannel mobile and YouTube mobile and found more success in playing videos with Zannel.
Zannel also has photo sharing and pic chat built in. Videos can be sorted by most recent, most discussed, recently active, most favorited, and top rated. Zannel’s mobile platform also looks sleek on an iPhone, but then again what doesn’t?
Zannel’s blog is available at: http://press.zannel.com/category/blog/. The company has raised a total of $16 million in funding.
Information Source:
[1] SiliconTap.com: Zannel Raises $10M