Archive for the ‘DAG Ventures’ Category

Gigya: $11 Million Series C For Widget Tracking!

Amit Chowdhry | October 1, 2008 | 219 Views | Add a Comment
Categorized under DAG Ventures, Gigya


Gigya is a widget tracking service company.  Gigya also provides widget distribution and monetization services.  As of last month, Gigya’s clients reached 150 million unique widget users worldwide.  Gigya has just announced that they have raised $11 million in Series C funding, led by DAG Ventures.  This is a preemptive round of funding as the terms may be subject to change.  Gigya raised it’s Series B round of funding about 7 months ago.

CNET made a great point about how Gigya may see some tough times ahead with the new Facebook redesign.  A majority of the applications got kicked to the curb when Facebook put all of them in a tab called Boxes.  With Facebook’s old design, the widgets had prominent online real estate space: the Facebook profile.

Some of Gigya’s top clients include Oh!, CNET, Eyeblaster, Sprint, Levi’s, Meebo, RockYou!, DoubleClick, MTV, FOX, Toyota, Sony, JibJab, Crackle, Coca-Cola, Unilever, Glogster, TinyPic, Disney, Gydget, Walmart, Sprout, and NewsGator.  Last year Gigya announced that they have released a new feature called Socialize.  Socialize allows publishers to add social graphs and features into websites. 

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PopularMedia Raises $8 Million In Third Round & Releases SocialNotes Widget

Amit Chowdhry | July 28, 2008 | 271 Views | Add a Comment
Categorized under DAG Ventures, PopularMedia, Sequoia Capital, Steamboat Ventures


PopularMedia is a company that helps clients make content go viral.  It is a similar concept as ACS SEO.  However PopularMedia is a fully-funded social media company.  To date, PopularMedia has raised over $12 million in funding across three rounds. 

The latest round of funding was $8 million.  VentureBeat reported that the funding was provided by DAG Ventures, Sequoia Capital, and Steamboat Ventures.  PopularMedia is run by CEO Jim Calhoun. 

PopularMedia also released a new product called SocialNotes.  SocialNotes is a widget that can be placed on blogs to get feedback.  SocialNotes looks like a floating sticky note.  The datasheet is available here.

Related Links:
1. PopularMedia.com

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Video Website, Mevio Raises $15 Million Series C From Several VC Firms

Amit Chowdhry | July 9, 2008 | 323 Views | Add a Comment
Categorized under Crosslink Capital, DAG Ventures, Kleiner Perkins, Mevio, Sequoia Capital, Sherpalo Ventures

Mevio Logo
Mevio, a video website that was founded by Ron Bloom and Adam Curry started the company originally to podcast.  About 4 years later, the founders decided to rename their former company, Podshow to Mevio.  Mevio hosts original videos and will allow others to syndicate their content.

This idea impressed Crosslink Capital, Sequoia Capital, Kleiner Perkins, DAG Ventures, and Sherpalo Ventures because these companies gave Mevio $15 million in Series C.  All of these VC firms were previous investors as well.  To date, Mevio has raised about $38 million. 

Some of Mevio’s clients include Coca-Cola, Anheuser Busch, and Hewlett Packard.  Mevio has over 1 million hours of video content.  Mevio also self-proclaims themselves as a leading site to discover new artists and free use licensing for original music. 

Related Links:
Mevio

Information Source:
Silicon Alley Insider 

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Xoom Receives A Funding Money Transfer Of $20.29 Million

Amit Chowdhry | September 29, 2007 | 610 Views | 2 Comments
Categorized under DAG Ventures, Duff Ackerman & Goodrich, Fidelity Ventures, New Enterprise Associates, Sequoia Capital, Xoom

Xoom LogoXoom is one of the biggest money transfer companies on the Internet today.   The $20.29 million Series E funding was sent to Xoom from Sequoia Capital, New Enterprise Associates, Fidelity Ventures, and DAG Ventures.

Xoom is based in San Francisco, Calif. and previously raised $15 million in Series D in 2006.  Cumulatively, Xoom raised over $50 million to power its business operations.

Xoom makes money transfer easy in 4 steps:
1.) Enter your contact info, recipient’s info, and the amount of money to be sent.
2.) Select a delivery method.
3.) Select a payment method (Visa/MasterCard/eCheck, Discover, Paypal).
4.) Send your recipient a tracking method.

However, due to all the third parties involved, its rather difficult to support all of the developing countries for their operations.  This is why Xoom is limited to only Argentina, Bangladesh, Bolivia, Brazil, Chile, Dominican Republic, Ecuador, Guatemala, Hong Kong, India, Jamaica, Mexico, Morocco, Nepal, Paraguay, Peru, Phillippines, Sri Lanka, Uruguay, Vietnam.  I’m assuming that with this new round of funding, Xoom will be able to expand its operations to support other countries. 

Recipients of money transfers for Xoom do not necessarily require a bank account or Internet connection to receive funds because Xoom has money transfer partners to provide ways to send money to family and friends in other countries.

Roelof Botha of Sequoia Capital, Dick Kramlich of New Enterprise Associates, Anne Mitchell of Fidelity Ventures, Keith Hartz of the founding team of Xoom, and Keith Rabois sit on the Board of Directors for Xoom.

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Metacafe Takes In $30 Million Funding Series C

Amit Chowdhry | August 22, 2007 | 329 Views | Add a Comment
Categorized under Accel Partners, Benchmark Capital, DAG Ventures, Highland Capital, Metacafe

Metacafe LogoMetacafe has over 25 million unique views per month. And yesterday the company officially announced that they have officially raised $30 million in Series C from Highland Capital, DAG Ventures, Accel Partners, and Benchmark Capital. While YouTube dominates traffic for online video, it seems that Metacafe has a more established business model since users are actually rewarded financially for their creativity.

“Metacafe is defining the next generation of online video, moving away from simple video sharing and hosting to delivering an exceptional entertainment experience for short-form content,” said Richard de Silva, Partner, Highland Capital Partners. “Its sophisticated approach to audience-driven programming is unique in the industry.”

With this round of funding, Metacafe plans on supporting continuous operations and developing the Producer Rewards program further. The Producer Rewards program gives users a financial incentive to develop intriguing video content. For every thousand views a video gets on a site, the user will receive $5. The video has to reach a minimum of 20,000 views.

Highland Capital Partners’ Richard de Silva and DAG Ventures’ Tom Goodrich will join Metacafe’s Board of Directors. Metacafe is privately headquartered in Palo Alto, Calif. and has offices in Tel Aviv, Israel and NYC, NY.

References:
[1] alarm:clock: Video Site MetaCafe Hammers $30M Round

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