Millenium Technology Ventures Posts

HootSuite Continues To Grow After Turning Down Multiple Offers

HootSuite is a social media management company that launched three years ago. Since then they have grew to almost 4 million users with $75 million in revenue. HootSuite’s founder Ryan Holmes said that he and several shareholders have sold $20 million worth of shares to OMERS Ventures, which is an investment arm of one of Canada’s largest pension plans. This is one of the biggest venture capital deals in Canada.
Continue reading →

Google Acquires Database Company Metaweb

Google Inc. (NASDAQ:GOOG) has acquired Metaweb, a company that develops the open, shared database platform called Freebase. Metaweb was founded by Danny Hillis and Robert Cook in 2005. Metaweb raised $57.5 million in funding over two rounds. Investors include Benchmark Capital, Millennium Technology Ventures, Goldman Sachs, and Omidyar Network. Google said that the Freebase database will remain open and free. [VentureBeat]