Archive for the ‘Fidelity Investments’ Category

Intel, MasterCard, and Motorola Mobility Invests $18 Million Into mFoundry

Amit Chowdhry | December 5, 2011 | 320 views | 1 Comment
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mFoundry is a company that powers the mobile banking solutions for over 500 banks and credit unions across the nation. The company has raised an $18 million round of funding from MasterCard, Intel Capital, Fidelity, and Motorola Mobility. mFoundry has raised a total of $40 million in funding.

How Much Groupon Executives and Investors Made From The IPO

Amit Chowdhry | November 5, 2011 | 725 views | Add a Comment
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Yesterday Groupon Inc. (NASDAQ:GRPN) had an initial public offering. The company set their stock price at $20 and yesterday it closed at $26.11. The company was given a valuation of over $17 billion. BusinessInsider.com has compiled a list of how much the executives and investors made from the IPO. Below is the list:

Groupon Hits Half Of Its $950 Million Series G Goal

Amit Chowdhry | January 7, 2011 | 861 views | Add a Comment
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Last month a document revealed that Groupon.com had plans to raise $950 million in Series G. So far the company has raised half of that amount. Investors in this round include DST Global, T. Rowe Price, Fidelity, Capital Group, and Morgan Stanley. This investment gives Groupon a $4.75 billion valuation. This is $1.25 billion less than what Google offered to buy them out at. [AllThingsD]

Groupon Discloses $500 Million From Unknown Investors

Amit Chowdhry | December 31, 2010 | 694 views | Add a Comment
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Group coupon service Groupon.com has raised $500 million in venture capital funding. After turning down a $6 billion offer from Google Inc. (NASDAQ:GOOG), the company decided to file for permission to raise $950 million in Series G.

Slide Over That $50 Million, I’ve Got Photo Widgets!

Amit Chowdhry | January 19, 2008 | 1,504 views | Add a Comment
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As you give a goofy look at the camera pointing at you in a photo kiosk at an entertainment venue, you begin to wonder what captions and background you’ll use.  Now take this concept, slap it on the Internet in the form of a widget that can be Facebooked or MySpaced, and you’re ready to raise $50 million.

Business-savvy Internet entrepreneur and PayPal co-founder, Max Levchin did exactly that, as mentioned in BusinessWeek.  Slide raised $50 million and increased their valuation to $500 million.  This fourth round of investment was provided by Fidelity Investments and T. Rowe Price.

Photo widget companies is a proven model for acquisition targets, but is also a proven model for its vulnerability of mooching on other social networks’ user base.  For example, Photobucket was acquired by News Corp. in May 2007 at a price of $250 million in cash.  But before the acquisition, MySpace completely blocked Photobucket from accessing their users because of an advertising violation before making a truce. 

Altogether, Slide has raised over $75 million including investments from other PayPal co-founder, Peter Thiel and venture capitalist, Vinod Khosla.  Thiel is an early investor of Facebook.  The other founders of Slide include Jared Kopf and Scott Banister, both also former PayPal employees.

Previous Slide coverage is available at: http://pulse2.com/category/slide/.

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