Tag Archives: Lerer Ventures
AOL Acquires Photo-Sharing App Hipster
AOL has acquired Hipster and their five-person team will be working at the company’s mobile team in Palo Alto, California. They will be reporting to Sol Lipman. Hipster CEO Doug Ludlow will be the director of mobile product management. Hipster will not be shut down.
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Viral Tracking Pop Culture Website BuzzFeed Raises $15.5 Million
BuzzFeed is one of my most favorite time-pass websites because they have interesting galleries and lists of pop culture. BuzzFeed has raised $15.5 million in Series C funding led by New Enterprise Associates. Other investors that participated include Lerer Ventures, Hearst Media, SoftBank, and RRE Capital. NEA General Partner Patrick Kerins will be joining the BuzzFeed board of directors. Ken Lerer, the Huffington Post co-founder and BuzzFeed board member, will become the BuzzFeed executive chairman.
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NewsCred Raises $4 Million In Series A
Eytan Elbaz’s Secretive Scopely Raises A Secret (but probably large) Amount of Funding
Scopely, a startup founded by Google AdSense cofounder Eytan Elbaz, has raised funding from Greycroft Partners, Howard Lindzon, Lerer Ventures, Windsor Media, Dave Tisch, David Cohen, Evan Rifkin and Gil Elbaz. According to TechCrunch, the exact nature of Scopely and the amount of funding raised are currently being kept secret.
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Pulse News App Raises $9 Million
Canvas Raises $3 Million In Series A Funding
Canvas is a company that was founded by 4chan founder Christopher Poole (known as moot). Canvas has raised $3 million in Series A funding. Some of the previous angel investors that participated in this round include SV Angel, Lerer Ventures, Andreessen Horowitz, Founder Collective, and Joshua Schachter. Canvas’ previous round of funding was $625,000. Canvas allows users to easily edit images through the browser. Canvas added oEmbed support for several websites recently. Canvas currently has five employees including Poole. [TechCrunch]
OnSwipe Raises $5 Million In “Series Awesome”
OnSwipe is a tablet publishing company that has raised $5 million in “Series Awesome.” This past January OnSwipe raised $1 million in seed funding. This round of funding was led by Spark Capital and followed on by Lightbank. Yuri Milner, Lerer Ventures, SV Angel, Betaworks, Morado, Eniac Ventures, and Thrive Capital also participated in this round.
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Social Media Marketing Company GraphEffect Raises $2 Million
Focused Labs is a social media marketing services company that is being rebranded as GraphEffect. The company has raised $2 million in funding from CrossCut Ventures, Rincon Venture Partners, Founder Collective, Baroda Ventures, Lerer Ventures, Thrive Capital, Matt Coffin, and Stephano Kim. GraphEffect is a part of the Facebook Advertising API beta program. They help companies and brand agencies increase the number of “Likes” and helps acquire new customers through social media. GraphEffect was co-founded by Clark Landry and James Borow.
Digital Publisher Company Vook Raises $5.25 Million
Vook is a digital publisher company that has raised $5.25 million in Series A funding from VantagePoint Venture Partners and Floodgate. Vook publishes iPad, iPhone, Android book apps, and multimedia Kindle books. Vook has partnerships with Deepak Chopra, Seth Godin, and Tom Peters. Vook was founded in 2008 by Bradley Inman. Vook has raised $2.5 million in seed funding from Ron Conway, Baseline Ventures, Founder Collective, Maples Investments, and Lerer Ventures.
Facebook Co-Founder Eduardo Saverin and Other High-Profile Investors Send $8 Million To Qwiki
Qwiki has raised $8 million in series A funding. The largest investor in this round is Facebook co-founder Eduardo Saverin. Saverin has been very low-key with his investments due to the tumultuous experience he had as a Facebook co-founder. Essentially Mark Zuckerberg reduced Saverin’s equity to 0.03%, but gave him proper equity back when Saverin started talking to the press about his side of the story. His side of the story was made into a movie called The Social Network.
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