Pulse2 Technology and Social Media News » GrandBanks Capital

Self-Service Rich Media Ad Company Celtra Raises $5 Million

Amit Chowdhry — Fri, 28 Jan 2011 00:23:40 +0000

Celtra is a mobile self-service rich-media and analytics company that has raised $5 million in series A funding from GrandBanks Capital and Fairhaven Capital. Celtra plans on using the funding to build expand their business and self-service technology. Celtra’s clients include NBA, Kmart, Marriott, and Evian. Celtra helps their clients create rich-media advertisements on multiple operating system platforms like iOS, Android, BlackBerry, etc. Some of the ad networks that use Celtra’s ads include AdMob, Jumptap, and Mojiva. Tim Wright of GrandBanks and Mark Hatfield of Fairhaven will be joining Celtra’s board of directors.

Online Restaurant Reservation Company VillageVines Raises $3 Million

Amit Chowdhry — Tue, 11 Jan 2011 07:34:54 +0000

VillageVines is a restaurant reservations company that has raised $3 million in funding. VillageVines also offers discounts at restaurants in NYC, San Francisco, L.A., and other cities across the U.S. Hearst Interactive Media led the round of funding while GrandBanks Capital and High Peaks Venture Partners participated. VillageVines plays on using the funding to scale their operations and increase staff. The company has made over half a million dollars in sales for their restaurant partners in December 2010. [TechCrunch]

I Love Rewards Raises $1.6 Million Extended Series B

Amit Chowdhry — Fri, 19 Jun 2009 16:43:58 +0000

I Love Rewards is an online employee rewards and recognition website that offers sales incentives. Some of their clients include Marriott, Bell, ConAgra, and Microsoft. The company has announced $1.6 million in extended Series B funding from Ontario Venture Capital Fund.

The $1.8 million is an addition to the earlier Series B round in May by GrandBanks Capital, JLA Ventures, and Laurence Capital. The total Series B round of funding was $7.7 million including the extended round. Between the Series A and Series B rounds, I Love Reward has raised $13.6 million.

I Love Rewards has grown about 187% in gross billings and a 253% growht in their customer base.

[via TopNews.us]