Tag Archives: Mission Ventures
Addiction Recovery Social Network OneRecovery Raises $1.49 Million
OneRecovery is an addiction recovery social network that has raised $1.49 million in funding. The funding round was discovered in an SEC filing by SoCalTech. The $1.49 million round of funding was part of a $2.5 million fund-raising round. OneRecovery is led by David Metzler. Metzler is a former VC with Mission Ventures and also previously worked as an investment banker at CIBC World Markets. Metzler himself almost died from drugs and alcohol which is the reason why he started OneRecovery.
Categories CIBC World Markets, David Metzler, Mission Ventures, OneRecovery
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Dennis Mudd Steps Down From CEO Position At Slacker
Dennis Mudd has stepped down as the CEO of Slacker over the weekend. However Mudd will remain on the B.O.D. Mudd stepped down so he could spend more time with his family. His daily tasks will be passed on to Jim Cady, the current COO and President of Slacker.
Mudd previously founded Musicmatch Jukebox, a company that Yahoo! bought for $160 million in 2004. Slacker raised $70 million in VC funding since the company started. Investors in Slacker include Austin Ventures, Mission Ventures, Rho Ventures, Centennial Ventures, and Sevin Rosen Funds.
Slacker designs a portable music player device. Slacker has BlackBerry and iPhone applications but they have quite a bit of competition.
Social Q&A Community Site, SodaHead.com Raises $8.4 Million Series B
Los Angeles, Calif.-based SodaHead.com has raised $8.4 million Series B from Mohr Davidow Ventures and Mission Ventures. SodaHead is a site that encourages users to create/vote on public polls and share knowledge. There is a featured question on the homepage, top categories, in the news, video questions, and a feature called What’s Bubbling Now. The What’s Bubbling Now feature is questions that are being asked on the site in real-time.
SodaHead will be using the funding for additional marketing initiatives. The company recently signed a deal with R&B singer, Tamia to have her ask certain questions to the community. Tamia’s question to the users was which song of hers did the community like the best.
SodaHead was founded by Jason Feffer and Michael Glazer. Feffer used to be the former VP of Ops at MySpace. This round of funding brings SodaHead’s total funding to $12.7 million. SodaHead has over 600,000 members.
[Source: socalTECH]
Categories Mission Ventures, Mohr Davidow Ventures, SodaHead
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