CrunchFund Posts

Airbnb closes $500 million in funding with $10 billion valuation

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According to TechCrunch, Airbnb, has closed on a $500 million round of funding led by private equity firm TPG with a $10 billion valuation. Airbnb is a fast growing website that lets users rent out their properties to make some extra cash and allow travelers to save some money. Airbnb has raised a total of $826 million. It is believed that Allen & Co. helped put together this round for Airbnb.

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Cloud computing startup DigitalOcean raises $37.2 million in funding

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DigitalOcean is a cloud hosting company that has raised $37.2 million in funding led by Andreessen Horowitz. Previous investors IA Ventures and CrunchFund also participated in this round.
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Confide has raised $1.9 million in seed funding

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Confide is an off-the-record messaging app that was created for professionals. Confide has raised $1.9 million in seed funding led by WGI Group with participation from Google Ventures, First Round Capital, SV Angel, Lerer Ventures, CrunchFund, Lakestar, Marker, BoxGroup, Jeremy Stoppelman, Doug Ellin, and Billy Bush. WGI partner Michael Walrath is joining the Confide board of directors.
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Highlight raises $4 million in funding

Highlight 2.0 from cole rise on Vimeo.

Highlight is a location-based service that has raised $4 million in Series A funding. The company has also released an update to their mobile app to support an improved algorithm for helping users understand who is around them.
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Albumatic Raises $4.2 Million

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is a Los Angeles based startup that has developed a photo sharing application.  Albumatic has raised $4.2 million in funding.  This round of funding was provided by RRE Ventures, Thrive Capital, SV Angel, CrunchFund, Highline Venture Partners, Betaworks, and Box Group.  Albumatic was founded by Adam Ludwin and Devon Gundry.

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BackOps Raises $7 Million In Series A

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is an integrated and web-enabled company that offers a paperless back office that provides technology, systems, and services to small-to-medium sized businesses.  BackOps offers accounting, finance, and HR services for entrepreneurs so that they can focus on product and customer development.

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Luvocracy Raises $11 Million

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 is a social shopping service that has a similar user interface as Pinterest.  Luvocracy allows users to buy products recommended by friends.  The company has raised $11 million in funding from Kleiner Perkins, Google Ventures, Marissa Mayer, Ali Pincus, Jim Lanzone, Tony Robbins, CrunchFund, RPM Ventures and XG Ventures.  Bing Gordon of Kleiner Perkins is joining the Luvocracy board of directors.  Luvocracy was co-founded by Nathan Stoll and Roger Barnett.

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