Archive for the ‘KPG Ventures’ Category

Groupon Acquires Local Marketing Services Ludic Labs

Amit Chowdhry | December 2, 2010 | 684 views | Add a Comment
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Groupon has acquired Ludic Labs, a local marketing start-up that has created services called Offer Foundry and Diddit.com. Offer Foundry is a self-service advertising and deals platform that is made for local businesses. Diddit.com is an online community where millions of users are connected to local attractions. The Ludic Labs team includes Paul Gauthier (Inktomi co-founder), and David Gourley (Endeca CTO). The terms of the deal were undisclosed. Ludic raised $5 million in venture capital funding from Accel Partners and KPG Ventures. Accel was also an early investors in Groupon. [TechCrunch]

Lexy.com Raises $458,000 Of $800,000 In Debt, Rights and Securities

Amit Chowdhry | January 6, 2010 | 871 views | Add a Comment
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Lexy is an on-demand news and entertainment podcasting company that can be accessed by dialing 415-692-4933. According to a document filed with the SEC, Lexy has raised $458,000 of an $800,00 round of debt, rights and securities. Lexy is based in San Francisco, California and the company previously raised about $1.25 million in seed funding from KPG Ventures in March.

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