Pulse2 Technology and Social Media News » JLA Ventures http://pulse2.com Sat, 26 May 2012 21:27:32 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 RIM Acquires Scheduling Application Company Tungle http://pulse2.com/2011/04/27/rim-acquires-scheduling-application-company-tungle/ http://pulse2.com/2011/04/27/rim-acquires-scheduling-application-company-tungle/#comments Wed, 27 Apr 2011 17:37:54 +0000 Amit Chowdhry http://pulse2.com/?p=46415 Continue reading →]]>
Research In Motion Limited (NASDAQ:RIMM) has acquired the scheduling application company Tungle. The entire team will be joining Tungle after the acquisition. Tungle has a team of 23 people based in Montreal, Quebec with an R&D office in Waterloo, Ontario. They were provided venture capital funding from Commonwealth Capital Ventures, JLA Ventures, and Desjardins Venture Capital. About 40% of the Fortune 1000 companies use Tungle. [Tungle Blog]

]]> http://pulse2.com/2011/04/27/rim-acquires-scheduling-application-company-tungle/feed/ 0 Publisher Ad Network NetShelter Raises $15 Million http://pulse2.com/2010/09/28/publisher-ad-network-netshelter-raises-15-million/ http://pulse2.com/2010/09/28/publisher-ad-network-netshelter-raises-15-million/#comments Tue, 28 Sep 2010 15:17:04 +0000 Amit Chowdhry http://pulse2.com/?p=35896 Continue reading →]]>
Publisher ad network NetShelter is an advertising network that powers ads for websites such as MacRumors.com, SlashGear.com, CrackBerry.com, etc. has raised $15 million in a second round of funding. NetShelter’s network saw about 133 million unique visitors this August.

Peyman Nilforoush said that they are not focusing on websites that have a high number of readers and hits, but they are most interested in websites that focuses on specific product areas. NetShelter had a 75% increase in revenue between 2008 and 2009.

The new round of funding was led by Rho Ventures. Other investors include Rho Canada and JLA Ventures. Brothers Peyman and Pirouz Nilforoush founded NetShelter in 1999, but did not launch the ad network until 2006.

[VentureBeat]

]]> http://pulse2.com/2010/09/28/publisher-ad-network-netshelter-raises-15-million/feed/ 0 I Love Rewards Raises $1.6 Million Extended Series B http://pulse2.com/2009/06/19/i-love-rewards-raises-16-million-extended-series-b/ http://pulse2.com/2009/06/19/i-love-rewards-raises-16-million-extended-series-b/#comments Fri, 19 Jun 2009 16:43:58 +0000 Amit Chowdhry http://pulse2.com/?p=16783 Continue reading →]]> iloverewards-logo

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]

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