Tag Archives: Crosslink Capital
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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Infographics Design Company Visual.ly Raises $2 Million
Visual.ly is an infographics design company that has raised $2 million in seed funding. The investors in this round includes Crosslink Capital, SoftTech, 500 Startups, Kapor Capital, Giza Ventures, Naval Ravikant, Mark Goines, Josh James, etc. Visual.ly had about 26,000 users sign up as part of their beta. Over 300,000 infographics have been created and they receive about one million pageviews per month. Some of the companies that Visual.ly works with include BuzzFeed, AskMen, CNNMoney, GOOD, NASDAQ, Skype, the Wall Street Journal, and National Geographic. Visual.ly plans on using the funding for building their development team and hire additional data visualization specialists.
Sports Website Bleacher Report Raises $22 Million
Bleacher Report is a sports website that has raised $22 million in a round led by Oak Investment Partners. Crosslink Capital and Hillsven Capital participated in this round. Oak Investment Partners plans on helping Bleacher Report expand to other verticals where content creation and publishing is encouraged by social engagement.
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Empire Avenue Raises $1.2 Million In Series A
Empire Avenue is a stock market website for social influence. The company has raised $1.2 million in Series A funding. This round of funding was led by Crosslink Capital. iNovia Capital, TriplePoint Capital, and BioWare co-founders Drs. Ray Muzyka and Greg Zeschuk also participated in this round.
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Dell Paying $700 Million In Cash To Acquire Force10 Networks
In-Game Ad Company Kiip Raises $4 Million
Kiip is an in-game advertising company that has announced $4 million in Series A funding in a round that is led by Hummer Winblad Venture Partners, Crosslink Capital, and True Ventures. Kiip has not revealed how they plan on using the funding. They plan on using the funding to “bridge the gap between mobile advertising and mobile gaming.” Hummer Winblad partner Lars Leckie will be joining the board of directors at Kiip. Kiip has hired former director of sales at Digg Chris Kobran as VP of sales and former EA Mobile employee Dan Silberberger as VP of business development. [Vator TV]
Marin Software Raises $16 Million In Series E
Marin Software is a company that makes search engine management tools for advertising companies. They have raised $16 million in Series E funding led by Crosslink Capital. DAG Ventures, Focus Ventures, Benchmark Capital, and Triangle Peak Partners also participated in this round. Marin now has a total of $51 million in funding.
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The Washington Post Buys iCurrent
The Washington Post Company has bought out iCurrent, a service where people can view news according to their interests. There is no word on what the acquisition price, but VentureBeat speculates that it is above $5 million. iCurrent was funded by Crosslink Capital, who plugged in about $3 million since the news company started in 2007. [VentureBeat]
Categories Crosslink Capital, iCurrent, The Washington Post
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Social Network Company Hi5 Raises $14 Million
Social networking company Hi5 has raised $14 million in a second round of funding. Hi5 plans to use the funding to expand their social gaming platform and increase virtual goods. Hi5 started making free games, but virtual decorations require real money. This round of funding was provided by Crosslink Capital and Mohr Davidow. [VentureBeat]
Categories Crosslink Capital, Hi5, Mohr Davidow Ventures
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Like.com Raises $32 Million Series C From Menlo Ventures, Crosslink Capital, BlueRun Ventures, and Leapfrog Ventures
Like.com, the visual search engine started by Munjal Shah, Burak Gokturk, and Azhar Khan has raised a substantial round of funding. Like.com raised $32 million in Series C from Menlo Ventures, Crosslink Capital, BlueRun Ventures, and Leapfrog Ventures. Through this round of funding, Prazan Vazirani from Menlo Ventures joined the Like.com Board of Directors.
Through this round of funding, Like.com is believed to be above a $100 million valuation. Employees that have shares in the company also had the opportunity to sell shares through the funding process as well. Like.com launched in November 2006 and their strongest service is matching goods that are displayed in a picture.
Like.com made about $1 million in revenue in about one year. Now they are making about $20 million. And they are planning to launch a UK version of the site. The company also created an iPhone application called LikeThis that allows phone users to take a picture of an item and find similar items for sale.
A few months ago, Like.com started placing ads on Facebook that matched fashion products that linked to a user’s profile picture. For example, if I was wearing Oakley sunglasses on my profile picture, the ad will appear alongside with sunglasses that look very similar.
LikeThis is also available on the Like.com website for testing. To test it out, I uploaded a picture from Entourage. Then I highlighted the shoes of the guy in the green shirt (center). After uploading, Like.com will ask you which attributes are most important to you between Color, Shape, Pattern, or all three equally. I selected all three are equally important to me. Like.com asked for my e-mail to let me know when they are done analyzing the photo.
Once I get an e-mail back, I’ll let you know how accurate the results are. Look for an update on this post.
Update: Below are the results
