Archive for the ‘Clearstone Venture Partners’ Category

Inporia Raises $1.25 Million From NEA, SV Angel, 500 Startups, Others

Amit Chowdhry | May 11, 2011 | 719 views | Add a Comment
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Inporia is a stealth e-commerce start-up company that has raised $1.25 million in funding. Inporia was founded by Ryan Junee, who is known for co-founding Omnisio (acquired by Google) and works as an advisor at 500 Startups. The investors in this round include New Enterprise Associates, SV Angel, 500 Startups, Clearstone Venture Partners, Y Combinator, Ignition Partners, Southern Cross Venture Partners, and Start Fund. [TechCrunch]

The Rubicon Project Acquires Fox Audience Network

Amit Chowdhry | November 1, 2010 | 1,233 views | Add a Comment
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The Rubicon Project is an ad optimization company based in Los Angeles, California. The company has raised $18 million in funding and they acquired the Fox Audience Network (FAN). After this round of funding, it brings The Rubicon Project’s total funding to $60 million.

Geodelic Raises $7 Million In Second Round of Funding

Amit Chowdhry | July 4, 2010 | 840 views | Add a Comment
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Geodelic has raised $7 million in a second round of funding. Geodelic is available on the Android and iPhone application store. Users can click on an icon such as coffee shop or bars and immediately see what is near them. Geodelic also allows advertisers send offers to users based on which venue they are at. Geodelic has been downloaded over 500,000 times on Android. MK Capital was the lead investor in Geodelic. Clearstone Ventures and Shasta Ventures also participated in this round of funding. Geodelic was founded by Rahul Sonnad. [paidContent]

Soonr Raises $4.5 Million In Fourth Round

Amit Chowdhry | June 10, 2010 | 1,017 views | Add a Comment
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Soonr has raised $4.5 million in a fourth round of funding. Soonr is a Campbell, California based mobile company where you can store documents in the cloud.

Rubicon Project Receives $9 Million Series C From Peacock Equity, Clearstone, and Mayfield

Amit Chowdhry | September 26, 2009 | 762 views | 1 Comment
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The Rubicon Project is a Los Angeles, California based advertising-optimization start-up company co-founded by Frank Addante, Craig Roah, Duc Chau, and Julie Mattern. The company has just raised a $9 million Series C round of funding, putting them at a total of $43 million. The Series C investors include Peacock Equity, Clearstone Venture Partners, and Mayfield Fund.

Rubicon Project has about 1,300 clients which include Gannett, Salon, Washington Post, and Newsweek. They optimize over 15 billion ads per month across 300 advertising networks. Rubicon monetizes ad space that has been unsold by ad networks.

Earlier this month Rubicon Project acquired Others Online. The Others Online CEO and founder Jordan Mitchell became the VP of Data Intelligence at Rubicon as a result of the acquisition.

Background Check Company Intelius Buys Spock.com

Amit Chowdhry | May 1, 2009 | 1,543 views | Add a Comment
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Background checking company Intelius has bought Spock.com, a search engine that “tracks people.”  The data is mainly grabbed from social network profiles (Friendster, MySpace, etc.) and search results for names.

Jaideep Singh confirmed the deal with VentureBeat and TechCrunch speculated the deal earlier.  Spock raised $8 million around December 2006 from Clearstone and Opus.  Spock receives about 10 million unique visitors per month according to Singh.  Some buyers passed on Spock, but other offers were made too.

No word on the financial details about the transactions.  Intelius, Inc. made about $55 million in revenue in 2006 and the company was considering going IPO last year to raise around $143.75 million.

Social Shopping Company, ThisNext Hires Scott Morrow as President

Amit Chowdhry | October 2, 2007 | 1,627 views | 3 Comments
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ThisNext LogoThisNext.com is a website based in Los Angeles, Calif. that is known for providing a way for mom-and-pop e-commerce to sell to a broad market of Internet consumers.  By building a  hub for products that are “different” from typical retailers, ThisNext narrows their customer demographics and at the same time distinguishes themselves from other Internet e-commerce companies.

ThisNext belongs to a category of “social shopping” and is taking on other web companies in the same space such as Kaboodle, Wists, and StyleHive. Today, StyleNext announced that they have formally hired a President and board member, Scott Morrow.

Morrow was previously an executive at IAC/CitySearch and was the head of marketing/sales for Download.com, a subsidiary of CNET Networks. Morrow will handle the business strategy operations of ThisNext.  ThisNext’s CEO is Gordon Gould.

Venture capital investors of ThisNext include Anthem Venture Partners and Clearstone Venture Partners.

Internet Advertising Company, The Rubicon Project Raises $6 Million Series A

Amit Chowdhry | October 2, 2007 | 841 views | 2 Comments
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The Rubicon Project Logo“It takes a great team to build a great company. We have an outstanding execution team with solid fundamentals and high aspirations.”
-Frank Addante, CEO and Founder of the Rubicon Project

The Rubicon Project is a Los Angeles based Internet advertising technology company. The company announced that they raised $6 million in funding for its operations. The Rubicon Project is named after a river in Italy and also has an idiom that means a point of no return [Source: Rubicon Project-About].

The investors include Clearstone Venture Partners ($4 Million) and Square1Bank ($2 million). “It takes a great team to build a great company. We have an outstanding execution team with solid fundamentals and high aspirations. Clearstone’s philosophies, as an investment partner, makes for an ideal match,” stated Frank Addante, the CEO and Founder of The Rubicon Project. “Clearstone’s past successes with Overture on the advertising side and PayPal for automated billing systems translates perfectly with the markets that the Rubicon Project is aggressively pursuing.”

The Rubicon Project will launch in private beta on October 8, 2007. Individual Rubicon team profiles are available at: http://www.rubiconproject.com/team.html.

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