Archive for the ‘Atlas Venture’ Category

Verizon Acquires Cloud Computing Company CloudSwitch

Amit Chowdhry | August 25, 2011 | 439 views | Add a Comment
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Verizon Wireless has acquired cloud computing company CloudSwitch. CloudSwitch acquired $15.4 million in venture capital funding before the acquisition from Atlas Venture, Commonwealth Capital Ventures, and Matrix Partners.

Hopper Raises $8 Million for Travel Search Service

Riley Kennysmith | August 22, 2011 | 450 views | Add a Comment
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Travel search startup Hopper has raised $8 million in new funding. The investors in this round include Atlas Venture and Brightspark Ventures. TechCrunch reports that Hopper was founded by two former Expedia employees, Frederic Lalonde and Joost Ouwerkerk, and Sebastien Rainville.

Grockit Raises $7 Million In Series C

Amit Chowdhry | May 15, 2010 | 1,837 views | Add a Comment
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Grockit is an online learning website that has raised $7 million in Series C. Atlas Venture is the lead investor in this round. Other investors in this round include Integral Capital and Benchmark. Grockit helps students prepare for exams such as the SAT and the GMAT. [TechCrunch]

DataXu Raises $11 Million In Series B From Menlo, Atlas, and Flybridge

Amit Chowdhry | March 8, 2010 | 677 views | Add a Comment
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DataXu has raised $11 million in Series B funding.  Investors include Menlo Ventures, Atlas Venture, and Flybridge Capital Partners.  Atlas and Flybridge were involved in DataXu’s first round in April 2009.  The new round of funding will be used for product development, sales, marketing, and expansion.  DataXu has offices in Boston and N.Y.  DataXu is an online ad exchange service. [paidContent]

DailyMotion Raises $22.1 Million, Adding Up To Total Of $65.6 Million

Amit Chowdhry | October 9, 2009 | 816 views | Add a Comment
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Earlier today I wrote about one video company buying another in order to compete further with YouTube. To be honest, I had never heard of Motionbox or Viddyou, but one YouTube competitor I have heard of is DailyMotion. DailyMotion has just raised $22.1 million giving them a total of $65.6 million.

DailyMotion is based in France and specializes on both independent films along with user-generated movies. DailyMotion CEO Cedric Tornay said that the funding will be used to strengthen the balane sheet and fund the growth of the company. DailyMotion’s revenue is expected to grow about 50% this year and they are profitable.

That is Impressive for a website that spends tons of money on bandwidth and storage. YouTube reportedly costs Google $2 million per day to keep alive.

The investors in this round of funding includes Atlas Venture, AGF Private Equity, Advent Venture Partners, and Partech International.

Seatwave Raises $17 Million From Accel, Atlas, Mangrove, Fidelity, and Adinvest

Amit Chowdhry | June 3, 2009 | 1,484 views | Add a Comment
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Seatwave is a European startup that sells secondary tickets over the Internet.  Given that this is a huge market, the company has attracted $17 million in Series D funding.  This round of funding was led by Accel Partners and Atlas Venture.  Other investors in this round of funding Mangrove Capital Partners, Fidelity Ventures, and Adinvest.

GP Bullhound named Seatwave the fast growing digital media company.  Joe Cohen, a former employee of Atlas Venture founded Seatwave.  Through this round of funding, the company has raised a total of $53 million.

[via TechCrunch]

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