Tag Archives: Ignition Partners
WePay Raises $10 Million
Couchbase Raises $14 Million
Couchbase, the NoSQL database company created by the merger of CouchOne and Memebase, has raised $14 million in new funding. The investors include Ignition Partners, Accel Partners, North Bridge Venture Partners and Mayfield Fund. The Series C funds, which bring the company’s total to $30 million, will be used to grow Couchbase’s enterprise and help the company expand internationally. [TechCrunch]
Inporia Raises $1.25 Million From NEA, SV Angel, 500 Startups, Others
Inporia is a stealth e-commerce start-up company that has raised $1.25 million in funding. Inporia was founded by Ryan Junee, who is known for co-founding Omnisio (acquired by Google) and works as an advisor at 500 Startups. The investors in this round include New Enterprise Associates, SV Angel, 500 Startups, Clearstone Venture Partners, Y Combinator, Ignition Partners, Southern Cross Venture Partners, and Start Fund. [TechCrunch]
Photo Sharing Website DailyBooth Raises $6 Million
Photo sharing website DailyBooth.com has raised $6 million in funding in a round that was led by Ignition Partners. Sequoia Capital also participated in this round. DailyBooth shared 14 million photos and many of them are self-portraits. [AllThingsD]
Categories DailyBooth, Ignition Partners, Sequoia Capital
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Topsy Raises $15 Million In Third Round
Topsy is a real-time search engine that has raised $15 million in a third round of funding. Topsy allows users to search for real-time content on Facebook and Twitter. Topsy recently launched Topsy Social Modules, which lets publishers add real-time content to their websites. Social Modules are being used by websites such as Discovery Communications and The Huffington Post. Western Technology Investments, BlueRun Ventures, Ignition Partners, Founders Fund, and Scott Banister invested in this round. This puts Topsy at a total of $30 million in funding. [VentureBeat]
Cloud Automation Company Skytap Raises $10 Million
Electronic Signature Company DocuSign Raises $27 Million
Ruby On Rails Platform Company Heroku Raises $10 Million
Heroku is a Ruby on Rails platform built on Amazon.com’s EC2 infrastructure. The company has raised $10 million in a second round of funding, bringing them to a total of $15 million. The number of apps using Heroku has risen from 40,000 to 60,000 within the last 6 months. Ignition Partners led the fund. Other investors include Redpoint Venture Partners, Baseline Ventures, and Harrison Metal Capital. [GigaOm]
Apple Buys Out Music Streaming Company Lala.com
Apple Inc. (NASDAQ:AAPL) has bought out steaming music company Lala.com. Earlier this year Warner Music Group invested in Lala and it seems like their investment has paid off.
While this is good news for Lala’s board of directors, the acquisition may spell bad news for Lala users. Lala users can stream music an unlimited number of times for ten cents per song as of right now. Lala users may lose that ability if Apple starts to make some changes. Apple is highly interested in Lala’s engineering talent and technology for their music streaming in the cloud abilities. Lala has $35 million in funding from Bain Capital Ventures, Ignition Partners, and Warner Music Group.
The financial details are unknown.
Jobster Seeking More Funding, But Reported $11 Million Loss in 07′
Jobster is a social network and online recruitment web site that started in 2004. Every time a user creates an account on Jobster, they add skill tags to their profile and show their availability which includes job hunting, happily employed, etc. I was just looking through some of the profiles on Jobster and it seems like that this is a good way for recruiters to network with potential prospects. However, one of the flaws with Jobster’s revenue model is that they made job postings free.Â
Maintaining Jobster is not cheap. Since 2005, the company had raised $48 million. The company is burning $1 million per month. The company had $11 million in losses in 2007. And the company has $3 million left. The founder and CEO of the company, Jason Goldberg left last year as well. Now that the company is under new management, they are looking to raise more money and try to get the recruitment social network back on track.
Previous investors include Ignition Partners, Mayfield Fund, Trinity Partners, and Reed Elsevier Ventures. A few months after the social network launched, Jobster acquired WorkZoo. Jobster also acquired Jobby, a startup that matched candidates to jobs through the use of tags.
If the Seattle, Wash. does receive additional funding, then one of their first priorities on the agenda should be cost cutting and talent management. The new management should be focusing on also making Jobster in a competitive position to be able to take on Monster or CareerBuilder.
[Information Source: ERE]