Tag Archives: FirstMark Capital
NewsCred Raises $4 Million In Series A
E-Commerce Website AHAlife Raises $6 Million
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.
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Categories AHAlife, David Chao, DCM, FirstMark Capital, Gen Isayama, Taek Kwon
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Bamboom Labs Raises $4.5 Million In Seed Funding
Bamboom Labs is a company that develops technology for watching live TV on the Internet. Bamboom Labs has raised $4.5 million in seed funding led by FirstMark Capital. Other investors include High Line Venture Partners, SV Angel, Highland Capital Partners, and First Round Capital.
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OpenGamma Raises $6 Million In Series B
OpenGamma is a financial Internet start-up company based in Europe that has an open source analytics and risk management platform. The company has raised $6 million in Series B financing led by FirstMark Capital. Accel Partners has joined in this round of funding. OpenGamma’s last round of funding was $6 million from Accel.
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Categories Accel Partners, FirstMark Capital, Lawrence Lenihan, OpenGamma
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Sulia Raises $3.5 Million For Sorting People To Follow On Twitter
Sulia is a website that finds and sorts influential Twitter users and groups them into categories. It is a good starting point for Twitter beginners. Sulia has raised $3.5 million in a round led by FirstMarket Capital. Other investors in this round include Village Ventures, IA Ventures, Founder Collective, and SV Angel. Sulia used to be known as TLists. [AllThingsD]
Categories FirstMark Capital, Founder Collective, IA Ventures, Sulia, SV Angel, TLists, Village Ventures
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Shopify Raises $7 Million From Bessemer, FirstMark, and Felicis
Shopify is a software company that helps retailers create online stores. The Ottawa, Canada based company has raised $7 million in funding from Bessemer Venture Partners, FirstMark Capital, and Felicis Ventures. “While we are already profitable, the support gives us additional resources to improve our products and add value for our users,” stated the Shopify CEO and co-founder Tobias Lutke. “Our mission continues to be to make it as easy as possible for retailers of all sizes to start and run a business online.” The Shopify “app store” processes over $100 million per year from clients that include GE, Tesla, and Amnesty International. [Financial Post]
MyCityWay Receives $300K Funding From NYC’s Entrepreneurial Fund
MyCityWay has raised $300,000 of a $500,000 seed round. MyCityWay is a local search startup company and the funding is being provided by the NYC Entrepreneurial Fund. The announcement was made by Mayor Michael Bloomberg. The fund was made in collaboration between FirstMark Capital and the New York City Economic Development Corporation. [BusinessInsider]
Knewton Raises $12.5 Million From FirstMark Capital
Knewton is an online test preparation startup company that has received $12.5 million in funding from FirstMark Capital. The company was founded by Jose Ferreira. Knewton’s business strategy is to apply web techniques for preparing people that have to take tests such as the MCAT, LSAT, and GMAT. They are offering ways for people to prepare for exams in a way that could be faster than traditional companies such as The Princeton Review or Kaplan.
Categories FirstMark Capital, Jose Ferreira, Knewton
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Riot Games Raises $8 Million Series B
Riot Games is a social game development company that is best known for creating the League of Legends. Earlier this week Riot Games announced that they have raised about $8 million in Series B. The investors include Benchmark Capital, FirstMark Capital, and Tencent Holdings. Rather than making revenue from advertising, Tencent and Riot games depend on the sales of virtual goods.
Riot Games is currently developing an online game platform which is what the funding will go towards. Considering that Tencent is one of the largest virtual good dealers in China, they may even lend their expertise to Riot Games. The company is licensing the League of Legends in China and will launch in the country by 2010.
Tencent is the parent company of Internet portal QQ.com. They sell virtual goods through their portal, IM software, social networks, and games. These virtual goods include pets, clothing, wallpapers, etc. Tencent made about $700 million last year according to BusinessInsider.
IBiquity Digital Corporation Raises $42 Million From Several Investors
iBiquity Digital Corporation is a company that develops HD radio technology. It gives radio signals better sound quality and less static. The company has been working on better radio technology on cars and households for several years now.
According to a filing with the Securities and Exchange Commission, iBiquity has raised $42 million in funding from investors such as Grotech Ventures, CBS Radio, Radio One Inc., Entercom Communications, FirstMark Capital, New Venture Partners, Union Square Ventures, and Clear Channel Radio. This round of funding puts iBiquity at over $172 million in total funding over the last decade.
[via BizJournals]