Tag Archives: Charles River Ventures
People Search Engine Ark Raises $4.2 Million In Seed Round
Ark is a people search engine launched at Y Combinator Demo Day that has raised $4.2 million in a seed round of funding. Ark crawls Facebook, RenRen, LinkedIn, and Twitter to find out as much data as possible. The founders at Ark got the idea for the startup when they found out that 30% of searches are for people.
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Millennial Media’s Shares Surge 97% In First Trade Of $25
Millennial Media is a mobile ad network that has debuted on the New York Stock Exchange under the symbol “MM.” The shares popped 97% in the first trade of $25. Millennial Media’s valuation jumped to almost $2 billion and the company priced their IPO at $13 per share. Trading reached as high as $27.90 in early trading.
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AOL Acquires Photo-Sharing App Hipster
AOL has acquired Hipster and their five-person team will be working at the company’s mobile team in Palo Alto, California. They will be reporting to Sol Lipman. Hipster CEO Doug Ludlow will be the director of mobile product management. Hipster will not be shut down.
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Yammer Raises $85 Million, Leading To Total Of $142 Million
Yammer, the service that is known as the Twitter-for-enterprise, has raised $85 million in funding, which brings them to a total of $142 million. This is Yammer’s fifth round of funding. DFJ Growth led the investment. New investors Meritech Capital, Khosla Ventures, and Capricorn Investment Group joined in this round. The existing investors that also participated include Charles River Ventures and Founders Fund. Randy Glein of DFJ Growth will be joining Yammer’s board of directors.
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QR Code Company Scan Raises $1.7 Million
Scan is a QR code application company that has raised over $1.7 million in funding from Menlo Ventures, Google Ventures, Charles River Ventures, Start Fund, Social + Capital Partnership, Transmedia Capital, Ludlow Ventures, and angel investors Ariel Poler, Naval Ravikant, Jim Pallotta, and Troy Carter. Scan is based in Provo, Utah.
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Online Health Record Website MotherKnows Raises $1.7 Million
MotherKnows is an online health record service website that has raised $1.7 million in a seed round of funding. The round was led by First Round Capital. Giza Ventures, Charles River Ventures, Band of Angels, Maneesh Arora, and several other angel investors participated in this round. MotherKnows plans on using the funding for product development.
Enterprise Mobile Company DoubleDutch Raises $1.2 Million
DoubleDutch is an enterprise mobile start-up company that has raised $1.2 million in funding. The lead investor is Lightbank, a venture capital firm run by Groupon co-founders Eric Lefkofsky and Brad Keywell. Charles River Ventures, Launch Capital, Accelerator Ventures, Venture51, Zig Capital, and other angel investors also participated in this round.
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Web Advertising Company CampusLIVE Raises $3.1 Million
CampusLIVE is a web advertising company that is based in Boston, Massachusetts. CampusLIVE raised $3.1 million in funding from Highland Capital Partners, Charles River Ventures, and other angel investors. Last year CampusLIVE raised $340,000 in funding. [Xconomy]
Massive Health Raises $2.25 Million
Massive Health has announced that they have raised $2.25 million in a seed round of funding from Felicis VC, Greylock Discovery Fund, Andreessen Horowitz, Mohr Davidow Ventures, Charles River Ventures, and Collaborative Fund. Massive Health intends on using crowdsourcing, game mechanics, and social networking to help people stay healthy. Massive Health is co-founded by Aza Raskin and Sutha Kamal.
Millenial Media Raises $27.5 Million From Bessemer, Columbia, Charles River, and NEA
Millenial Media is a mobile ad network company based in the U.S. that has raised $27.5 million. Bessemer Venture Partners, Columbia Capital, Charles River Ventures, and New Enterprise Associates (NEA) all participated in this round of funding. Millenial Media has raised a total of $65 million in funding thus far. Millenial Media raised this round of funding because the company wants to stay independent and not get acquired. They have plans to expand internationally too. [AllThingsD]