Archive for the ‘Battery Ventures’ Category

Apple Acquiring Anobit For $400-$500 Million [RUMOR]

Amit Chowdhry | December 13, 2011 | 851 views | 1 Comment
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Apple Inc. (NASDAQ:AAPL) is rumored to be acquiring Anobit, an Israeli fabless semiconductor company that specializes in flash storage for between $400 and $500 million. This would be Tim Cook’s first big acquisition since taking over as CEO. Apple also rarely buys hardware companies as they tend to focus more on software acquisitions.

How Much Groupon Executives and Investors Made From The IPO

Amit Chowdhry | November 5, 2011 | 725 views | Add a Comment
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Yesterday Groupon Inc. (NASDAQ:GRPN) had an initial public offering. The company set their stock price at $20 and yesterday it closed at $26.11. The company was given a valuation of over $17 billion. BusinessInsider.com has compiled a list of how much the executives and investors made from the IPO. Below is the list:

Yahoo’s Chief Cloud Architect Leaves for Battery Ventures

Riley Kennysmith | August 5, 2011 | 460 views | Add a Comment
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Todd Papaioannou has left his position as Yahoo’s VP and chief cloud architect, choosing to instead work as the entrepreneur in residence for Battery Ventures. Papaioannou told GigaOM that Yahoo “was a great experience, but I wanted to get back into shipping software and competing in the market against other products.”

Clean Urban Energy Raises $7 Million

Riley Kennysmith | July 7, 2011 | 352 views | Add a Comment
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Chicago-based Clean Urban Energy has raised $7 million for their energy-efficient office buildings. CUE claims their technology can lower a building’s energy expenses by 15-30%. The company’s funding for this round comes from Battery Ventures and Rho Ventures. Battery’s Jason Matloft and Rho’s Joshua Ruch are now joining CUE’s board of directors. [TechCrunch]

Zynga Acquires Social Game Studio DNA Games

Amit Chowdhry | May 18, 2011 | 739 views | Add a Comment
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Social gaming company Zynga is acquiring DNA Games. This is Zynga’s 14th acquisition since the last year. Zynga is interested in both the talent and the company. DNA Games developed several hit social games such as Casino City, Slot City, and Bar World. DNA reaches about 2.4 million monthly active users on Facebook. Casino City has about 1.5 million monthly active users, Slot City has about 438,000 actives, and Bar World has about 382,000 actives.

Hotel Tonight Raises $3.5 Million In First Round Of Funding

Amit Chowdhry | May 11, 2011 | 550 views | Add a Comment
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Hotel Tonight is a mobile hotel booking application that has raised $3.25 million in a first round of funding. This round of funding was led by Battery Ventures. Accel Partners and First Round Capital also participated in this round. Individual investors in this round include Rich Barton, Erik Blachford, Brad Gerstner, and Hugh Crean. [Bizjournals]

Mobile Video Sharing Company Viddy Raises $1.6 Million

Amit Chowdhry | April 27, 2011 | 729 views | Add a Comment
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Viddy is a mobile video sharing start-up company that has raised $1.6 million in a first round of funding. Viddy had launched a mobile video creation and sharing application for the iPhone. This round of funding was provided by Battery Ventures, Bessemer Ventures, Qualcomm, Jarl Mohn, and early YouTube employees. Viddy said that they are creating a “Twitter-style feed of videos from friends, family, celebrities.” Viddy was founded by JJ Aguhob and Brett O’Brien. [soCalTech]

CoTweet Parent Company ExactTarget Raises $30 Million

Amit Chowdhry | April 26, 2011 | 554 views | Add a Comment
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ExactTarget has raised $30 million in a new round of funding to fund acquisitions and to expand operations. ExactTarget is an e-mail marketing company that acquired CoTweet in 2009. ExactTarget raised $70 million in May 2009. ExactTarget’s revenues increased 41% to $134 million in 2010. ExactTarget was initially planning on going IPO in late 2007, but decided to raise funding instead. The latest round of funding was led by Technology Crossover Ventures. Battery Ventures, Scale Venture Partners, and Greenspring Associates also participated in this round. [paidContent]

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