Tag Archives: Grotech Ventures
Cause-Related Marketing Company Giveo Raises $1.5 Million
Giveo is a Boulder, Colorado based company that creates and manages “cause-related marketing campaigns.” Giveo has raised $1.5 million in Series A. Access Venture Partners led the round and Grotech Ventures, Sentinel Trust, and other investors participated in this round. Giveo launched in April 2010 and they have about 35 clients. Ed Messman is the founder and CEO of the company.
Personal Raises $7 Million In Series A
Personal has raised $7.6 million in Series A funding from Grotech Ventures, Revolution LLC, Allen & Company, and Eric Semler. Personal is a company that wants to give Internet users power over what kind of information they give away. It helps users prevent companies from tracking them. Personal is currently in private beta. [TechCrunch]
HelloWallet Raises $3.6 Million In Series A
HelloWallet has raised $3.6 million in Series A funding from Grotech Ventures and Steve and Jean Case. HelloWallet launched this past March and focuses on tracking and managing personal finances. HelloWallet is different because they do not allow banks to advertise or promote products. However HelloWallet does have a charge of $5 per month to use their services. [TechCrunch]
Categories Grotech Ventures, HelloWallet, Jean Case, Steve Case
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LivingSocial Raises $14 Million Series C, Challenging Groupon
This morning I went on YouTube.com and saw a huge banner at the top that features LivingSocial.com’s Daily Deal in the city of Detroit. If you go to LivingSocial.com right now, it will show you how their daily deals work — for me the website says “We’re coming soon to Ann Arbor.” I actually had no idea that LivingSocial was planning to compete with Groupon.com. And they have raised $14 million in Series C to do so.
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LivingSocial Raises $25 Million, Challenging Groupon
LivingSocial is a company known for making Facebook applications where users can rate and review their favorite books, movies, etc. Now LivingSocial is trying something new: group coupons.
LivingSocial raised $25 million in a round led by U.S. Venture Partners, Grotech Ventures, and Steve Case’s Revolution LLC. Local businesses offer deals to only a group of people. LivingSocial plans to take this concept and spread it on Facebook. If a local deal is made, LivingSocial gets a cut from the local businesses.
Currently LivingSocial is offering group coupon deals to residents in Chicago, Denver, Raleigh-Durham, and San Diego. LivingSocial’s biggest competitor for this new model is Groupon.com, another well-funded group coupon company. The advantage that LivingSocial has is that they already have a solid footprint in Facebook applications. [VentureBeat]
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]
LivingSocial Brings In $5 Million For Social Networking Apps
LivingSocial is a company that makes popular social network applications. Their applications are used highly on Facebook. LivingSocial creates applications such as ReadingSocial, TuneSocial, ReelSocial, GamingSocial, DiningSocial, and BrewSocial.
LivingSocial has just raised $5 million in Series A funding from Grotech Ventures and Steve Case. Tim O’Shaughnessy, co-founder of LivingSocial is a former AOL employee and also worked with Steve Case on RevolutionHealth.
LivingSocial has about 6.4 million beta users who have reviewed about 80 million items. Personally I use ReadingSocial the most to tell my friends what books I’ve read, books I want to read, and books that I am currently reading. I also use this as a way to tell myself that I need to hurry up and finish reading a book because it’s been on my profile for so long already. ReadingSocial/Visual Bookshelf is LivingSocial’s most popular application with about 36,984 daily active users.
What will LivingSocial do with this round of funding? My guess is that they’ll hire additional talent and create additional applications.
Related Links:
LivingSocial.com
Grotech Ventures
Categories Grotech Ventures, LivingSocial
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