Tag Archives: Baseline Ventures
Facebook Acquiring Instagram For $1 Billion
Facebook has announced that they are acquiring Instagram, a popular photo-sharing application, for $1 billion in cash and stock. Facebook CEO Mark Zuckerberg made the announcement on a profile post from his account. Zuckerberg said that they are planning to allow Instagram run independently from Facebook. It was only three days ago where it was that Instagram raised $50 million.
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Read It Later Raises $2.5 Million
Read It Later is a popular bookmarking service that allows you to read content from any smartphone, tablet, or computer. Read It Later has raised $2.5 million in funding. The investors in this round include Foundation Capital, Baseline Ventures, Google Ventures, Founder Collective, and several angel investors.
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Wordnik Raises $8 Million In Third Round Of Funding
Cloud Database Company MongoLab Raises $3 Million From Multiple Investors
San Francisco based cloud database company ObjectLabs has raised $3 million in Series A funding led by Foundry Group, GRP Partners, Baseline Ventures, Freestyle Capital, David Cohen, and a few others. ObjectLabs is best known for launching the database-as-a-service company MongoLab. MongoLab is the database-as-a-service provider for MongoDB. 10gen‘s MongoDB is used by companies like Foursquare, Bit.ly, and Etsy.
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Digital Publisher Company Vook Raises $5.25 Million
Vook is a digital publisher company that has raised $5.25 million in Series A funding from VantagePoint Venture Partners and Floodgate. Vook publishes iPad, iPhone, Android book apps, and multimedia Kindle books. Vook has partnerships with Deepak Chopra, Seth Godin, and Tom Peters. Vook was founded in 2008 by Bradley Inman. Vook has raised $2.5 million in seed funding from Ron Conway, Baseline Ventures, Founder Collective, Maples Investments, and Lerer Ventures.
TRUSTe Raises $12 Million Series B
Internet privacy company TRUSTe has raised $12 million in Series B funding. This funding round was led by Jafco Ventures. Other investors include DAG Ventures, Accel Partners, and Baseline Ventures. Full press release below.
Categories Accel Partners, Baseline Ventures, DAG Ventures, JAFCO Ventures, TRUSTe
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Ruby On Rails Platform Company Heroku Raises $10 Million
Heroku is a Ruby on Rails platform built on Amazon.com’s EC2 infrastructure. The company has raised $10 million in a second round of funding, bringing them to a total of $15 million. The number of apps using Heroku has risen from 40,000 to 60,000 within the last 6 months. Ignition Partners led the fund. Other investors include Redpoint Venture Partners, Baseline Ventures, and Harrison Metal Capital. [GigaOm]
Vook Raises $2.5 Million In Seed Capital
Vook is an Alameda, California based video book publishing service. Vook intends to connect text with video and social media. Vook has partnerships in place with HarperStudio, Simon & Schuster, and Hachette Filipacchi Media. Vook has just raised $2.5 million in seed capital from Ron Conway, Kenneth Lerer, Maples Investments, Baseline Ventures, and Founder Collective.
CoTweet Raises $1.1 Million From Several VC Firms
CoTweet is a startup that has built a Twitter platform for helping companies reach and engage customers. CoTweet has several prominent companies using their platform such as Ford, Starbucks, Microsoft, Sports Illustrated, Zendesk, and Dish Network.
CoTweet announced earlier this week that they have raised $1.1 million in first round funding from Baseline, Founders Fund, First Round Capital, SV Angel, Maples Investments, and Freestyle Capital.
The company platform has the ability to manage multiple tools and accounts at once. Several people also have the ability to post to a single account using the CoTweet platform.
CoTweet is available for free as of right now but the company will eventually charge for their services. “CoTweet is an essential tool that allows us to manage multiple accounts from a single dashboard, or have a single account with multiple people managing it,” stated Scott Monty, the digital and multimedia communications manager at Ford Motor Company in a press release. “We can also identify who’s responsible for Tweets, which gives us the flexibility to pull experts into the discussion, and to keep a human face while doing so.”
Xobni Raises $7 Million From Cisco, Khosla Ventures, First Round Capital, Baseline Ventures, and Atomico
Xobni is a San Francisco, Calif. based startup that built a platform around Microsoft Outlook. Xobni makes it easier to find people, email, and attachments within Outlook. Bill Gates even called Xobni the next generation of social networking. Xobni has recently raised $7 million in Series B. Xobni started as a Y-Combinator company then went on to raise $4.26 million in Series A.
Xobni’s Outlook software has been downloaded over 1.5 million times. Xobni is currently doing product trials with Fortune 500 companies. Some of the companies Xobni has partnered with includes LinkedIn, Facebook, Skype, and Yahoo! Cisco’s investment in Xobni is an indication that they are becoming serious about enterprise email. In August 2008, Cisco acquired PostPath, an email and calendar company for $215 million.
Prior to the $7 million investment, Xobni raised $4.26 million in funding from Khosla Ventures, Atomico, and First Round Capital. The individuals that participated in Xobni’s first round of funding was Ariel Poler, Saar Gur, and Tom Pickney.