Pulse2 Technology and Social Media News » Maverick Capital http://pulse2.com Sun, 27 May 2012 19:13:16 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 ProCure Treatment Centers Raises $40 Million In Private Equity http://pulse2.com/2011/02/02/procure-treatment-centers-raises-40-million-in-private-equity/ http://pulse2.com/2011/02/02/procure-treatment-centers-raises-40-million-in-private-equity/#comments Wed, 02 Feb 2011 21:48:45 +0000 Amit Chowdhry http://pulse2.com/?p=42851 Continue reading →]]>
ProCure Treatment Centers is a private healthcare company that focuses on proton therapy. ProCure has completed a $40 million round of private equity financing led by Maverick Capital. ProCure plans on using the funding to expand and develop their proton therapy centers. Proton therapy is a type of radiation treatment that is an alternative to X-ray radiation for patients that suffer from cancer and non-cancerous tumors. [Press Release]

]]> http://pulse2.com/2011/02/02/procure-treatment-centers-raises-40-million-in-private-equity/feed/ 0 Groupon Closes Its $950 Million Series G Round http://pulse2.com/2011/01/10/groupon-closes-its-950-million-series-g-round/ http://pulse2.com/2011/01/10/groupon-closes-its-950-million-series-g-round/#comments Mon, 10 Jan 2011 22:09:53 +0000 Amit Chowdhry http://pulse2.com/?p=41289 Continue reading →]]>
Group coupon service Groupon.com has completed its $950 million series G round of funding. The best part is the press release title: “Groupon Raises, Like, A Billion Dollars.” I’ve pasted the press release below. The investors in this round include Andreessen Horowitz, Battery Ventures, Greylock Partners, Kleiner Perkins Caufield & Byers, Mail.ru Group, Maverick Capital, Silver Lake, and Technology Crossover Ventures. Allen & Company LLC acted as financial advisor. The previous funding rounds was led by New Enterprise Associates, Accel Partners, and Mail.ru Group (formerly DST).

Groupon Raises, Like, A Billion Dollars

Investment to Continue Rapid Growth of Global Social Commerce Platform

CHICAGO–(BUSINESS WIRE)–Today Groupon announced that it has completed a $950 million round of financing. Groupon will use the funds to fuel global expansion, invest in technology, and provide liquidity for employees and early investors.

“With their support, we will continue on our mission to change the way people shop locally and serve the world’s local businesses.”
The financing consists of several venture capital firms and late-stage investors, including Andreessen Horowitz, Battery Ventures, Greylock Partners, Kleiner Perkins Caufield & Byers, Mail.ru Group, Maverick Capital, Silver Lake, and Technology Crossover Ventures. Allen & Company LLC acted as financial advisor. Previous funding rounds were led by New Enterprise Associates, Accel Partners, and Mail.ru Group (formerly DST).

In the last year, Groupon has been called “the fastest growing company ever” by Forbes Magazine and “America’s best website” by one of Groupon’s television commercials. In 2010, Groupon:

- Expanded from 1 to 35 countries
- Launched in almost 500 new markets (from 30 markets in 2009)
- Grew subscribers by 2,500% from 2 million to over 50 million
- Saved consumers over $1.5 billion
- Worked with 58,000 local businesses, serving over 100,000 deals worldwide

“We’re thrilled that Groupon has earned the confidence of some of the world’s most respected investment firms,” said Andrew Mason, founder and CEO of Groupon. “With their support, we will continue on our mission to change the way people shop locally and serve the world’s local businesses.”

About Groupon

Groupon, launched in November 2008 in Chicago, features a daily deal on the best stuff to do, eat, see and buy in more than 500 markets around the world. Groupon uses collective buying power to offer unbeatable prices and provide a win-win for businesses and consumers, delivering more than 650 daily deals globally. For more information, visit http://www.groupon.com. To learn more on how to become a featured business on Groupon, visit http://www.grouponworks.com.

]]> http://pulse2.com/2011/01/10/groupon-closes-its-950-million-series-g-round/feed/ 2 Youku Raises $40 Million; Now At Over $80 Million In Total Funding http://pulse2.com/2008/06/30/youku-raises-40-million-now-at-over-80-million-in-total-funding/ http://pulse2.com/2008/06/30/youku-raises-40-million-now-at-over-80-million-in-total-funding/#comments Mon, 30 Jun 2008 14:57:32 +0000 Amit Chowdhry http://pulse2.com/?p=3823 Continue reading →]]> YouKu Logo
Youku.com is a popular video sharing website based in China.  This website is known for hosting full movies, but has blocked certain regions from being able to play them.  Youku has raised $30 million in funding from Maverick Capital, Brookside Capital, Sutter Hill Ventures, Farallon Capital, and Chengwei Ventures.  Youku also received a $10 million loan for equipment from Western Technology Investment.

“This investment will enable us to advance the company’s rapid growth, expand our sales and marketing network, and most importantly, accelerate our monetization process as the online video market matures and consolidates in the coming year,” stated Victor Koo, President/CEO of Youku.com Inc. in a press release. ”With the new funds, we will be deepening our service to users, advertisers and media partners to give them the best and largest platform in China to distribute video content online.”

Youku receives 100 million unique visitors per month and each users spends about 300 minutes per month on the site.  Youku is the #6 largest site in China in terms of the amount of time that is spent on the site.

“We are happy with Youku’s success and its progress in monetization,” stated Len Baker, Managing Director at Sutter Hill. “The Youku team has clearly demonstrated its excellent execution capability, and we believe Youku is in the right position as online video takes off on a massive scale in China.”

Youku has also recently partnered with Universal, China Film Group, Beijing TV, EMI, Huayi Music and several other media firms. 

Youku’s last round of funding was $40 million.  That investment was provided by Sutter Hill, Brookside Capital, Chengwei Ventures, and Farallon Capital.

Related Link:
Youku.com
Information Source:
PEHub

]]> http://pulse2.com/2008/06/30/youku-raises-40-million-now-at-over-80-million-in-total-funding/feed/ 2 What Is Brightcove Doing With A Total of $81.2 Million Funding? http://pulse2.com/2007/01/17/what-is-brightcove-doing-with-a-total-of-825-million-funding/ http://pulse2.com/2007/01/17/what-is-brightcove-doing-with-a-total-of-825-million-funding/#comments Thu, 18 Jan 2007 01:39:42 +0000 Amit Chowdhry http://pulse2.com/2007/01/17/what-is-brightcove-doing-with-a-total-of-825-million-funding/ Continue reading →]]> Brightcove LogoThe return on investment made on YouTube’s funding through the acquisition definitely has whetted the appetite of investors. YouTube took in two rounds of funding from Sequoia Capital for a total of $11.5 million. So how come Brightcove, a lesser known Internet TV website is receiving such substantial funding? Brightcove started with $5.5 million and then received $16.2 million. Today, it was announced that Brightcove raised $59.5 million. This comes to a total of $81.2 million of total funding. The investors include Maverick Capital, The New York Times Company, Transcosmos Investments, Accel Partners, Allen & Company, America Online, General Catalyst Partners, The Hearst Corporation, IAC (InterActivCorp), and Brookside Capital.

“We think there’s a lot of opportunity outside the United States for Internet TV,” stated Adam Berrey, the VP President of Marketing of Brightcove. “We think this market will consolidate. It’s time for the leaders to emerge. This puts us in a good position.” Berrey didn’t mention what Brightcove is planning on doing for future plans, but according to TechCrunch, Brightcove did acquire metaStories on March 20, 2006. metaStories is a Seattle based company that has the tools that creates Flash content.

“Brightcove’s early success in partnering with media companies that are driving the transition of television and video distribution to the Internet puts the company in the right position as Internet TV takes off on a broader scale,” stated Jamie Kiggen, senior VP President of AllianceBernstein. “We’ve looked at many opportunities in this area and believe that Brightcove is well positioned for success in creating solutions that both media companies and consumers will embrace.”

With this new funding, Brightcove plans on growing the company and to provide Internet TV tools to media creators so that it would help them monetize as well as distribute their own videos. Brightcove is planning on launching ad revenue sharing soon.

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