Archive for the ‘DCM’ Category

E-Commerce Website AHAlife Raises $6 Million

Amit Chowdhry | July 30, 2011 | 691 views | Add a Comment
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AHAlife.com is a New York based e-commerce website that has raised $6 million in funding led by DCM. AHAlife.com is known for selling hard-to-find lifestyle product by fashion designers that include Donna Karan, Wendi Murdoch, and Daniel Boulud.

Dell Paying $700 Million In Cash To Acquire Force10 Networks

Amit Chowdhry | July 20, 2011 | 609 views | 1 Comment
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Dell Inc. (NASDAQ:DELL) is acquiring Force10 Networks Inc. for $700 million in cash. Force10 is a high-speed Ethernet networking equipment company that was planning to go the IPO route.

Social Gaming Company PapayaMobile Raises $18 Million

Amit Chowdhry | April 27, 2011 | 513 views | Add a Comment
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PapayaMobile is a social gaming company that has raised $18 million in Series B funding led by Keytone Ventures and DCM. Now PapayaMobile has a total of $22 million in funding. PapayaMobile has over 15 million users on Android and iOS. PapayaMobile has received over 375% growth in their user base since they started the social gaming network in June 2010. Press release is available after the jump:

PlayFirst Raises $9.2 Million

Amit Chowdhry | October 20, 2010 | 667 views | Add a Comment
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PlayFirst is a popular mobile gaming company behind games such as Dinner Dash, Cooking Dash, Wedding Dash, and Hotel Dash. These games have been extremely popular on the Apple App Store. Because of this, PlayFirst raised $9.2 million in venture capital funding. PlayFirst plans to use the funding to increase their agility in the social and mobile gaming space according to VentureBeat. Mayfield Fund, Trinity Partners, DCM, and Rustic Canyon Ventures put in $5.2 million in this round. Comerica Bank invested $4 million in debt financing.

Bill.com Raises $8.5 Million From August, DCM, and Emergence

Amit Chowdhry | August 5, 2009 | 756 views | Add a Comment
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Bill.com has raised $8.5 million from August Capital, DCM, and Emergence Capital recently.  David Hornik of August Capital will be joining the Bill.com Board of Directors as part of this round of funding.  Thus far, Bill.com has raised a total of $17 million.    Bill.com acts as a collaborative online bill payment for businesses.

Bill.com has software that encourages businesses to eliminate filing bill paper documentation.  Large businesses usually have to managers approve large bills and then the finance department has to approve of them.  Bill.com software makes this whole process available online.  Bill.com accepts faxed bills and then they scan them and e-mail it to people that need to approve the documentation.

Bill.com also uses OCR to enable searching for documentation later on.  The base fee of one user for Bill.com is $24.99 and each user after that is $9.99.  Each check payment has a small fee attached for Bill.com as well.  According to Bill.com’s VP of Marketing Jeff Schultz, businesses are saving as much  as 50% in the amount of time taken to pay bills.

René Lacerte founded Bill.com in 2007.  The company presented at the DEMO conference and won the DEMOgod award.  The company was originally called CashView.  Lacerte had previously built a company called PayCycle, which was bought out for $170 million by Intuit last month.

We Will, We Will RockYou! $35 Million Series C Round of Funding

Amit Chowdhry | June 9, 2008 | 1,646 views | Add a Comment
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RockYou announced today that they have raised $35 million Series C in funding.  The firms that invested in RockYou includes DCM, Lightspeed Venture Partners, Partech International, and Sequoia.  RockYou! created some of the more viral applications on Facebook including Vampires, Superwall, and Likeness.  RockYou! also created marketing campaigns for Microsoft, CBS, Sony, New Line, and Paramount. 

“DCM believes that RockYou will be the catalyst of this new global ecosystem that delivers next-generation advertisements through its innovative advertising network and social applications,” stated co-founder of DCM, David Chao. “With the current momentum, RockYou is positioned to become a top-10 Internet property in the world in the near future.”

RockYou! will use the funding to grow their team and to create more applications.  RockYou! receives roughly 87.5 million unique monthly visitors and 2.7 billion page views.  RockYou! uses Google OpenSocial to spread their applications across Hi5, MySpace, and Orkut. 

“RockYou is incredibly proud to announce our funding, and are very pleased to be able to work with DCM and be a part of their impressive portfolio. RockYou is entering into a very exciting time both with the applications we are developing, and also with the expansion of our social advertising platform,” stated Lance Tokuda, the CEO of RockYou!

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