Archive for the ‘Columbia Capital’ Category

Bloomspot Raises $40 Million

Riley Kennysmith | August 9, 2011 | 339 views | Add a Comment
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Bloomspot, a deals company focused on high-quality spending and loyal customers, has raised $40 million in funding. The funding comes from InterWest Partners, Columbia Capital, Menlo Ventures, True Ventures, QED Investors, Harrison Metal, Western Technology Investment, Erik Blachford and Gary Parsons. The company analyzes (with permission, TechCrunch reports) the credit card spending data of the places they’re running deals, allowing Bloomspot and their partner merchants the opportunity to see whether a deal really encourages other buying that makes the deal profitable for the merchant. That data helps predict how much customers will spend when provided with a certain offer, which in turn lets Bloomspot promise a certain level of profits to their partner merchants.

MindJolt Acquires Social Gaming Network and Hallpass Media

Amit Chowdhry | April 19, 2011 | 1,066 views | Add a Comment
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MindJolt is a gaming company that is run by MySpace co-founder Chris DeWolfe. DeWolfe left MySpace a few years after News Corporation acquired the social network company.

Millenial Media Raises $27.5 Million From Bessemer, Columbia, Charles River, and NEA

Amit Chowdhry | January 5, 2011 | 817 views | Add a Comment
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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]

Millenial Media Raises $16 Million In Series C

Amit Chowdhry | November 17, 2009 | 3,095 views | 1 Comment
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Millenial Media is a mobile ad network that competes with AdMob. AdMob was recently acquired by Google for $750 million in stock. Millenial Media is based in Baltimore, Maryland and raised $16 million in Series C for New Enterprise Associates, Bessemer Venture Partners, Columbia Capital, and Charles River Ventures.

Millenial will use the funding to help push the company past profitability, grow overseas, hire additional talent, and build more technology. Given that Google already spent a ton of money on a mobile ad network it seems uncertain what Millenial’s exit strategy will be.

Turbine Raises $6.6 Million For Developing Online Nerd Games

Amit Chowdhry | August 12, 2009 | 1,019 views | Add a Comment
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Turbine has raised $6.6 million out a planned $50 million round of funding.  Turbine builds online games based on The Lord of the Rings, Dungeons & Dragons, and Asheron’s Call.

Turbine directly competes with Activision Blizzard, the developer of World of Warcraft.  Turbine plans to release Dungeons & Dragons Online into a free game later this year called Eberron Unlimited.

Investors in Turbine include Columbia Capital, Highland Capital Partners, Polaris Venture Partners, Tudor Ventures, and Granite Global Ventures.  Turbine previously raised $95 million.  The company has about 300 employees.

The company is even planning on announcing their first console game in the near future.  Turbine may even buy out another gaming company.

[via PEHub/alarm:clock]

Latino Cable And Online Network Si TV Raises $8.75 Million

Amit Chowdhry | August 10, 2009 | 1,332 views | Add a Comment
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Si TV is a Latino cable channel with a complementary online network website.  According to an SEC filing, Si TV has raised $8.75 million in funding.  Si TV plans to raise an additional $6 million in funding.  Si TV previously raised $60 million in funding from EchoStar, Time Warner, Columbia Capital, and Rho Ventures around 2004.

Si TV has about 19 million cable subscribers since they launched.  Si TV has syndication deals with Hearst and Verizon.  Si TV has dropped in web traffic recently from 500,000 uniques last year to about 150,000 uniques per month.  The new round of funding may be used for a website redesign or the acquisition of other online properties.

Si TV is in the midst of launching a new season of TV series Model Latina.  Si TV also issued a statement about the appointment of Supreme Court Justice Sonia Sotomayor.

“Latinos that their dreams can become reality through education, hard work and a strong family. At Si TV, a network dedicated to providing positive entertainment for the American Latino community, we take enormous pride in Justice Sotomayor’s landmark appointment. We congratulate her and wish her well in her new role on our nation’s highest court,” stated Si TV CEO Michael Schwimmer.

[via paidContent/Si PR]

Social Gaming Network Raises $15 Million For Social Game Distribution

Amit Chowdhry | May 13, 2008 | 1,260 views | Add a Comment
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“We could not be more pleased with the announcement we are making today. This funding is indicative of how SGN is poised to dramatically impact the future of gaming platforms on the social web, stated Shervin Pishevar, CEO of Social Gaming Network (SGN). Our focus and drive is to develop a dynamic and flourishing ecosystem for gaming on the web and continue to be the obvious choice for game developers who want to create social games that engage millions of users on the social networks and beyond.”

Many of today’s companies are finding ways to create games to keep users appealed whether its on their own websites or powered by applications within top social networks. As there has been a slowdown in the development of pointless applications on these social networks, many companies are finding that games are the way to go. This is further evidenced by the funding that Social Gaming Network received today.

Greylock Partners, Founders Fund, Columbia Capital, and Biddle Venture Partners have invested $15 million Series A into SGN. SGN is focusing on making it easy for developers to consolidate applications on top of gaming to create a way to interact with users and to monetize through the application’s popularity.

With this round of funding, SGN will add more features and functionalities to their current platform.

SGN’s claim to fame was the instant traction that was gained by Warbook, the company’s first Facebook game. Other popular applications that SGN has produced includes Jetman, Free Gifts, Fight Club, Superlatives, Nicknames, Street Race, and Text Twirl.

SGN’s userbase includes 1 million daily game players, 70 million virtual gifts sent, and 50 million application installations.

SGN is based in Palo Alto, Calif.  The SGN Blog is located at: http://blog.socialgn.com/.  For developers, SGN APIs are located at: http://developers.socialgn.com/.

Information Source:
[1] Press Release sent by theMIX Inc.

Gizmoz Raises $6.5 Million Series B & Signs A Partnership With AOL; Introduces AIM Gizmoz Expressions

Amit Chowdhry | March 17, 2008 | 1,397 views | 2 Comments
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“Gizmoz has enjoyed widespread adoption by consumers, advertisers and media partners over the last year, and with a number of exciting new products, programs and partnerships underway, the company is poised for significant expansion in 2008,” stated Eyal Gever, CEO/Founder of Gizmoz. “As we move forward on a number of key initiatives, building cross platform synergies into our service is at the top of the list. To pursue our strategy, Asia will be key. This financing will play an important role in helping us develop unique offerings for this market.”

Today Gizmoz, a social network that allows users to make 3D faces sync with their voices has raised $6.5 million. This is Gizmoz second round of funding, led by DoCoMo Capital. Other investors of this round includes Benchmark Capital, ngi capital inc., and Columbia Capital.

Gizmoz plans on using this round of funding to introduce their services around Asia, starting in Japan.

“Japan represents a large and strategic market for the company. Gizmoz’s offerings come at an opportune time in the development of Japan’s extensive mobile ecosystem, and they should feed the strong desire of Japanese consumers to embrace innovative content enhanced by Gizmoz’s technology,” stated Nobuyuki Akimoto, President and CEO of DoCoMo Capital.

AIM users may have also noticed on the start page that Gizmoz has signed a deal with AOL. AOL Instant Messenger, the most used messaging system in the U.S. can now create AIM Gizmoz Expressions and connect it to their account. Gizmoz previously advertised for Taco Bell and has a Facebook Application called In Your Face. Gizmoz widgets can be embedded in Hi5, Bebo, Orkut, and MySpace pages as well.

Competitors include JibJab and Blabberize. Gizmoz was started in 2003 and has offices in Menlo Park, Calif. and Israel.

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