Pulse2 Technology and Social Media News » DAG Ventures http://pulse2.com Sat, 26 May 2012 21:27:32 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Lockerz Raises $45 Million In A Third Round Of Funding http://pulse2.com/2011/08/03/lockerz-raises-45-million-in-a-third-round-of-funding/ http://pulse2.com/2011/08/03/lockerz-raises-45-million-in-a-third-round-of-funding/#comments Wed, 03 Aug 2011 20:48:15 +0000 Amit Chowdhry http://pulse2.com/?p=49527 Continue reading →]]>
Lockerz is an e-commerce company that is building a rewards-based program intended for teenagers. The company is close to raising $45 million in a third round of funding. Lockerz CEO Kathy Savitt confirmed $36 million is done being raised with another $9 million expected in the next 60 days.

The lead investor in this round is DAG Ventures. Previous investors in this round include Liberty Media, Liberty CEO Greg Maffei, and Kleiner Perkins Caufield & Byers. Live Nation Entertainment participated in this round.

Live Nation has already sold concert tickets to Britney Spears and Rihanna through a partnership with Lockerz. Lockerz users can use the points they earn to get discounts on additional tickets. Savitt started Lockerz in 2009 and she said that they are seeing about 46 million unique users per month that spend an average of 17 minutes on the website. Most of their users are between the ages of 13 and 35.

“The whole notion of points is to be a social loyalty currency that would reward engagement in a meaningful way. The first phase offered a limited number of prizes, and then discounts on merchandise, and now we are taking that next step to make it a true global currency, by making them redeemable all over — on Lockerz and off of Lockerz,” stated Savitt. “We have a lot coming in the next 60 to 90 days.”

Points can also be earned by uploading photos, answering polls, watching videos, listening to music, inviting friends, logging in, etc. This round of funding will go towards future acquisitions. Lockerz recently acquired photo sharing website Plixi and content sharing website AddToAny.

[AllThingsD]

]]> http://pulse2.com/2011/08/03/lockerz-raises-45-million-in-a-third-round-of-funding/feed/ 0 Invoicing Company Taulia Raises $8.5 Million http://pulse2.com/2011/07/28/invoicing-company-taulia-raises-8-5-million/ http://pulse2.com/2011/07/28/invoicing-company-taulia-raises-8-5-million/#comments Fri, 29 Jul 2011 00:09:22 +0000 Amit Chowdhry http://pulse2.com/?p=49095 Continue reading →]]>
Taulia is an invoicing company that has raised $8.5 million in Series B funding led by DAG Ventures. Matrix Partners and Trinity Ventures also participated in this round. Taulia has now raised a total of $12 million in funding.

Taulia allows corporations to pay their invoices early on. The early invoicing is made possible with the SaaS Dynamic Discounting software. Some of Taulia’s customers include Pfizer and Coca-Cola. Taulia plans on using the funding for sales and marketing.

]]> http://pulse2.com/2011/07/28/invoicing-company-taulia-raises-8-5-million/feed/ 0 Concur Investing $40 Million Into Online Travel Portal Cleartrip http://pulse2.com/2011/04/19/concur-investing-40-million-into-online-travel-portal-cleartrip/ http://pulse2.com/2011/04/19/concur-investing-40-million-into-online-travel-portal-cleartrip/#comments Tue, 19 Apr 2011 19:47:27 +0000 Amit Chowdhry http://pulse2.com/?p=46100 Continue reading →]]>
Concur Technologies is investing $40 million in Indian online travel website Cleartrip.com. Cleartrip is similar to Kayak.com, but intended for the travel market in India. Cleartrip launched in 2006 and they have received venture capital from Kleiner Perkins Caufield & Byers, DVJ, DAG Ventures, and Sherpalo Ventures.

“As a global technology provider, we understand that it’s critical to focus on the local needs of each market in which we operate,” stated Concur CEO Steve Singh in a statement. “In partnership with Cleartrip, Concur plans to leverage the synergies of our combined technologies to help us expand our offerings, extend our reach, and make business travel easier for the millions of travelers in India.”

Concur Technologies, Inc. (Public, NASDAQ:CNQR) is a provider of on-demand Employee Spend Management solutions that is valued at over $2.8 billion in the stock market.

[GeekWire]

]]> http://pulse2.com/2011/04/19/concur-investing-40-million-into-online-travel-portal-cleartrip/feed/ 1 Wal-Mart Acquires Kosmix For Over $300 Million http://pulse2.com/2011/04/18/wal-mart-acquires-kosmix-for-over-300-million/ http://pulse2.com/2011/04/18/wal-mart-acquires-kosmix-for-over-300-million/#comments Tue, 19 Apr 2011 04:10:27 +0000 Amit Chowdhry http://pulse2.com/?p=46073 Continue reading →]]>
Wal-Mart Stores, Inc. (NYSE:WMT) has acquired Kosmix for over $300 million according to a source with AllThingsD. Kosmix is a social media platform company that has raised $55 million in funding from Time Warner Investments, Accel Partners, Lightspeed Venture Partners, DAG Ventures, Bezos Expeditions, Jonathan Miller, and Ed Zander.

Kosmix is best known for developing TweetBeat, a website that monitors live events being talked about the most on Twitter. Kosmix will be rolled into a division called @WalmartLabs. Kosmix was founded by Venky Harinarayan and Anand Rajaraman. These two built and sold an e-commerce company called Junglee to Amazon.com in 1998.

]]> http://pulse2.com/2011/04/18/wal-mart-acquires-kosmix-for-over-300-million/feed/ 0 Marin Software Raises $16 Million In Series E http://pulse2.com/2011/04/05/marin-software-raises-16-million-in-series-e/ http://pulse2.com/2011/04/05/marin-software-raises-16-million-in-series-e/#comments Wed, 06 Apr 2011 02:33:50 +0000 Amit Chowdhry http://pulse2.com/?p=45569 Continue reading →]]>
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.

Eric Chin, a Crosslink Capital partner will be joining the board of directors at Marin Software. Former Shutterfly VP of Finanace John Kaelle will be joining the Marin team as the EVP and CFO as well.

Marin’s software helps advertising companies and agencies manage paid search campaigns over Google, Yahoo!, and Bing. Marin Software has about 800 clients and manages about 600 million keywords. They also manage $2 billion in annualized paid search spend for their customers.

[TechCrunch]

]]> http://pulse2.com/2011/04/05/marin-software-raises-16-million-in-series-e/feed/ 0 StumbleUpon Raises $17 Million and Launches Paid Discovery Service http://pulse2.com/2011/03/14/stumbleupon-raises-17-million-and-launches-paid-discovery-service/ http://pulse2.com/2011/03/14/stumbleupon-raises-17-million-and-launches-paid-discovery-service/#comments Tue, 15 Mar 2011 01:40:47 +0000 Amit Chowdhry http://pulse2.com/?p=44788 Continue reading →]]>
StumbleUpon, the company known for randomly showing you websites based on your interests through a toolbar, has raised $17 million in Series B funding. The funding will be used to invest in the company’s core technology and to increase employee count. The funding was provided by Accel Partners, August Capital, DAG Ventures, First Round Capital, and Sherpalo Ventures. The company has also launched a new way to monetize their services: Paid Discovery.

StumbleUpon’s Paid Discovery services has 3 plans:

Light for $0.05 per each visitor
- Target by interest, location, and demographics
- Basic reporting
- Integration with Google Analytics

Standard for $0.10 per engaged visitor
- Priority serving in content streams
- Target by interest, location, and demographics
- Advanced targeting by device (web or mobile)
- Advanced reporting includes robust site performance and visitor data, traffic analysis and website quality score.
- Integration with Google Analytics

Premium for $0.25 per engaged visitor
- Guaranteed top serving priority in content streams
- Standard campaign targeting options
- Standard advanced reporting
- Integration with Google Analytics

]]> http://pulse2.com/2011/03/14/stumbleupon-raises-17-million-and-launches-paid-discovery-service/feed/ 1 Restaurant Ordering Service GrubHub Raises $20 Million http://pulse2.com/2011/03/12/restaurant-ordering-service-grubhub-raises-20-million/ http://pulse2.com/2011/03/12/restaurant-ordering-service-grubhub-raises-20-million/#comments Sat, 12 Mar 2011 22:04:24 +0000 Amit Chowdhry http://pulse2.com/?p=44615 Continue reading →]]>
GrubHub is a web and mobile service that has raised $20 million in Series D funding led by DAG Ventures and Benchmark Capital. The Series D round of funding will be used for research and development and acquisitions. GrubHub has raised a total of $34 million thus far.

“Right now, with over 13,000 restaurant menus on our site, we have one of the largest networks of independent restaurants,” stated GrubHub CEO Matt Maloney. “Within the next three months, we’ll list over 80,000 restaurants. By connecting hungry diners to all their neighborhood restaurants, we are providing a valuable service to consumers and restaurants.” GrubHub sent about $85 million worth of orders to restaurants in 2010.

]]> http://pulse2.com/2011/03/12/restaurant-ordering-service-grubhub-raises-20-million/feed/ 1 Bulk SMS Company Clickatell Raises $12 Million In Series B http://pulse2.com/2011/03/04/bulk-sms-company-clickatell-raises-12-million-in-series-b/ http://pulse2.com/2011/03/04/bulk-sms-company-clickatell-raises-12-million-in-series-b/#comments Fri, 04 Mar 2011 16:05:17 +0000 Amit Chowdhry http://pulse2.com/?p=44305 Continue reading →]]>
Clickatell is a bulk SMS service that has raised $12 million in Series B funding. This round of funding was led by Sequoia Capital and DAG Ventures. Ethos Private Equity also participated in this round. Clickatell offers marketing text messaging services for SMBs and enterprise companies.

About 6.1 trillion text messages were sent in 2010 and Clickatell was founded in 2000. The bulk SMS packages sent through Clickatell varies depending on the volume sizes. Some clients need only 2,500 text messages per month and some use 10,000 per month. Clickatell is based in Redwood City, California and they have offices in South Africa.

[Vator.tv]

]]> http://pulse2.com/2011/03/04/bulk-sms-company-clickatell-raises-12-million-in-series-b/feed/ 2 Cooliris Raises $9.6 Million In Series C http://pulse2.com/2011/02/15/cooliris-raises-9-6-million-in-series-c/ http://pulse2.com/2011/02/15/cooliris-raises-9-6-million-in-series-c/#comments Tue, 15 Feb 2011 18:32:51 +0000 Amit Chowdhry http://pulse2.com/?p=43768 Continue reading →]]>
Cooliris is a multimedia browser plugin that lets you view photo and video content on the web in an appealing way. The company has raised $9.6 million in Series C financing from investors such as Kleiner Perkins Caufield & Byers, Deutsche Telekom subsidiary T-Venture, DAG Ventures, and The Westley Group. Cooliris has raised a total of $27.6 million in funding. Cooliris plans on using the new round of funding for strategic partnerships and product innovation. [TechCrunch]

]]> http://pulse2.com/2011/02/15/cooliris-raises-9-6-million-in-series-c/feed/ 0 Social Gaming Company Raptr Raises $15 Million http://pulse2.com/2011/02/13/social-gaming-company-raptr-raises-15-million/ http://pulse2.com/2011/02/13/social-gaming-company-raptr-raises-15-million/#comments Mon, 14 Feb 2011 04:35:16 +0000 Amit Chowdhry http://pulse2.com/?p=43689 Continue reading →]]>
Raptr is a social gaming company that allows players to track achievements and connect to friends on consoles. Raptr has raised $15 million in a round led by DAG Ventures with participation from Tenaya Capital and Accel Partners. Raptr has raised $27 million in total funding thus far. Raptr is seeing about 750,000 new users joining every month and has a total of 6 million users. [AllThingsD]

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