Archive for the ‘General Electric’ Category

Peacock Equity (Joint NBC/General Electric Fund) Invests In 4INFO

Amit Chowdhry | November 1, 2007 | 589 views | Comments
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4Info Logo“4INFO clearly fits Peacock Equity’s strategic funding objectives: it has a market-leading position within a high-growth sector and it has an exiting community of users accustomed to receiving customized, ad-supported content in text messages,”
-Peacock Equity’s Tom Byrne

Peacock Equity, created by GE Commercia Finance, GE Media Communications & Entertainment and NBC Universal is a $250 million global fund that invests in media and tech companies. The company recently announced that NBC Universal will take a stake in 4INFO, a San Mateo, Calif.-based company that focuses on SMS advertising. 4INFO gives access to real-time sports, business, entertainment, travel, and local information. 4INFO also provides celebrity, weather, horoscopes, stock quotes, craigslist.com listings, and health tips. The investment made by Peacock will be used to help 4INFO build a solid ad platform. 4INFO will also become NBC’s preferred mobile ad provider.

“4INFO clearly fits Peacock Equity’s strategic funding objectives: it has a market-leading position within a high-growth sector and it has an exiting community of users accustomed to receiving customized, ad-supported content in text messages,” stated Peacock Equity’s Tom Byrne. “Mobile advertising will be a multi-billion dollar industry in the next few years as more progressive content providers and advertisers like NBC Universal realize its potential to engage audiences with targeted, measurable messages.”

Other investors in 4INFO include Draper Fisher Jurvetson, U.S. Venture Partners, and Gannett. 4INFO’s blog is available at: http://4info.typepad.com/blog/.

Recent Tech Funding: Adify, Funny or Die, 5min, and Yardbarker

Amit Chowdhry | April 17, 2007 | 1,826 views | Comments
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Adify Logo
Dollar Amount Involved: $3 Million Today / Expected $19 Million

Adify was founded in 2005 and has worked with large media companies such as Time, the Washington Post, NBC, and Comcast as clients to provide advertising supply.

Larry Braitman, the CEO/founder of Adify stated “We envision thousands of niche or vertically-focused ad networks emerging to meet specific market needs, driven by entrepreneurs and enterprises who are members of the specific communities they serve. These network builders are in the position to assemble publishers and deliver value to advertisers” at a recent Web 2.0 conference.

The first $3 million portion of a $19 million first round fund came from NBC Universal and GE Media Communications & Entertainment. Other investors in this round includes U.S. Venture Partners, Venrock Associates, and Time Warner.

Funny or Die & Sequoia Capital Logos
Dollar Amount Involved: Undisclosed

Sequoia Capital has partnered with Gary Sanchez Productions for a new comedy video website that will feature clips with multiple hit actor, Will Ferrell. The producer of Talladega Nights: The Ballad of Ricky Bobby, Adam McKay is also heavily involved in the project. The project is called Funny or Die.

The website has already attained over 1.5 million page views as of today. The first video to appear on the website features Will Ferrell arguing with his landlord which happens to be an infant.Any user will be able to upload their own videos, but if they are given a low score by Funny or Die visitors, the video will be banished. Outstandingly comedic clips will be noticed by adminstrators of the website and may potentially score further movie deals according to Gary Sanchez Productions. The FunnyOrDie and Sequoia deal was brokered by Jimmy Miller and Deborah Klein.

5min Logo
Dollar Amount Involved: $300,000

5min is a website with video tutorials such as ‘how to catch a flying disc’ and ‘Sushi: How To Make Pickled Ginger.’ The founder of the company is Ran Harnevo, who is based in Israel. The $300,000 was in seed funding and the investors are unknown.

Yardbarker Logo
Dollar Amount Involved: Undisclosed

Yardbarker
is like a Digg for sports news only. Users submit links and news articles with the best sports content from all over the Internet. Yardbarker, Inc. is based in Berkeley, CA and was founded in 2006. “Welcome to Sports 2.0″ states the About Yardbarker page.Russell Siegelman, a partner at Kleiner Perkins was the investor in this round of seed funding.Some of the other investors include Ron Conway, Steve Anderson (Baseline Ventures), Ronald “Ronnie” Lott (former USC/San Francisco 49ers football player), Harris Barton (HRJ Capital), Labrador Ventures, and the Band of Angels.

[Information Source: alarm:clock]