Pulse2 Technology and Social Media News » Granite Global Ventures

QuinStreet Filing For $250 Million IPO

Amit Chowdhry — Sun, 22 Nov 2009 22:07:18 +0000

QuinStreet is an online media and marketing company that owns the domain names Insure.com and Internet.com. Insure.com was bought for about $16 million and Internet.com was bought for $18 million. Quinstreet has filed an IPO in order to raise $250 million. The company will be listed under the Nasdaq index with the symbol “QNST.”

Quinstreet was founded in 1999 and has $60 million in funding from Sutter Hill Ventures, Split Rock Partners, Granite Global Ventures, Catterton Partners, Focus Ventures, Rosewood Capital, Charter Growth Capital, VSP Capital, J&W Seligman, and Stanford University. Quinstreet earned $260 million in revenue this year and had net income of $17.2 million.

Turbine Raises $6.6 Million For Developing Online Nerd Games

Amit Chowdhry — Wed, 12 Aug 2009 14:32:02 +0000

Turbine has raised $6.6 million out a planned $50 million round of funding. Turbine builds online games based on The Lord of the Rings, Dungeons & Dragons, and Asheron’s Call.

Turbine directly competes with Activision Blizzard, the developer of World of Warcraft. Turbine plans to release Dungeons & Dragons Online into a free game later this year called Eberron Unlimited.

Investors in Turbine include Columbia Capital, Highland Capital Partners, Polaris Venture Partners, Tudor Ventures, and Granite Global Ventures. Turbine previously raised $95 million. The company has about 300 employees.

The company is even planning on announcing their first console game in the near future. Turbine may even buy out another gaming company.

[via PEHub/alarm:clock]

Tudou Raises $57 Million Series D

Amit Chowdhry — Mon, 05 May 2008 03:05:15 +0000

Tudou is the largest video sharing network in China.Â The company has recently raised $57 million in Series D.Â Tudou has rasied $85 million in total.Â With the funding, Tudou is able to power the H.264 high definition videos spread across their site.Â Tudous receives 100 million video clip views and 10 million unique hits every day.

Previous Tudou investors were involved with this additional round of funding.Â Tudou’s investors are IDG Technology Venture Investment, Granite Global Ventures, Capital Today, General Catalyst Partners, KTB Ventues and JAFCO Asia.Â Family and venture funds came in from the U.S. and Singapore as well.Â Tudou will soon be having the their first Film Festival.

Tudou generates a lot of traffic from AllUc.org, a site that links to full length movies, cartoons, and music videos.Â The company is now valuated at $150 million.