Pulse2 Technology and Social Media News » Eastward Capital http://pulse2.com Sat, 26 May 2012 21:27:32 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Gilt Groupe Raises $138 Million From Several Investors and Is Valued At $1 Billion http://pulse2.com/2011/05/11/gilt-groupe-raises-138-million-from-several-investors-and-is-valued-at-1-billion/ http://pulse2.com/2011/05/11/gilt-groupe-raises-138-million-from-several-investors-and-is-valued-at-1-billion/#comments Wed, 11 May 2011 21:01:27 +0000 Amit Chowdhry http://pulse2.com/?p=46879 Continue reading →]]>
New York based discount flash sales website Gilt Groupe has raised $138 million in venture capital funding. Investors in this fifth round of funding include Softbank Group, General Atlantic, Matrix Partners, Goldman Sachs, NEA, DFJ Growth, Pinnacle Ventures, TriplePoint Capital, and Eastward Capital.

Softbank is putting $62.5 million in the round, which will go towards Gilt Groupe USA. Softbank is also putting a smaller amount into Gilt Groupe Japan. Gilt Groupe has raised a total of $240 million in funding. This values Gilt at $1 billion.

Gilt CEO Kevin Ryan is known for being an early employee at DoubleClick. Gilt was launched in November 2007. Gilt plans on using the funding towards launching new verticals and for acquisitions.

[AllThingsD]

]]> http://pulse2.com/2011/05/11/gilt-groupe-raises-138-million-from-several-investors-and-is-valued-at-1-billion/feed/ 0 Prime View Buys E Ink Corporation For $215 Million http://pulse2.com/2009/06/01/prime-view-buys-e-ink-corporation-for-215-million/ http://pulse2.com/2009/06/01/prime-view-buys-e-ink-corporation-for-215-million/#comments Mon, 01 Jun 2009 20:18:33 +0000 Amit Chowdhry http://pulse2.com/?p=15901 Continue reading →]]> e-ink-logoprimeview
E Ink Corporation is the company behind the electronic paper displays that go into devices such as the Amazon.com Kindle and the Sony Reader.  Prime View International Co. Ltd. is one of E Ink’s primary partners.  Today Prime View reached an agreement to buy out E Ink for $215 million.

When E Ink started in 1997, they raised about $150 million in capital so the acquisition price does not seem to impressive.  E Ink will maintain their headquarters in Cambridge, Massachusetts.

Prime View and E Ink have been partners since 2006 and together they helped support about 20 e-book manufacturing companies.

“Combining E Ink and PVI creates a single public company that is dedicated to electronic paper,” stated E Ink co-founder, CEO, and president Russ Wilcox. “With a common ownership structure, we can get closer to customers around the world, streamline the supply chain, and speed up new product development.”

Some of E Ink’s investors include Eastward Capital, FA Technology Ventures, and Solstice Capital, Intel, and Motorola.

[via InformationWeek]

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