Tag Archives: New World Ventures
Caregiver Connection Website SitterCity Raises $22.6 Million
SitterCity is a Chicago based company that has raised $22.6 million in funding from New World Ventures, Baird Venture Partners, Apex Venture Partners, I2A, and Point Judith Capital. Now SitterCity has a total of $30 million in funding. SitterCity is a service that connects families with child car, pet care, elderly care, and tutoring services.
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Student Loan Comparison Engine EduLender Raises $1 Million
Playdom Raises $33 Million From Multiple Investors
Playdom has raised $33 million from Bessemer Venture Partners, Steamboat Ventures, and New World Ventures. No word yet on what Playdom plans to do with the funding, but I would not be surprised if it will be used for additional acquisitions. Playdom’s biggest competitor Zynga raised large sums of funding and launched a new game called FrontierVille. [paidContent]
IAC’s Ticketmaster Acquiring TicketsNow.com For $265 Million
IAC/InterActiveCorp (NASDAQ:IACI)’s Ticketmaster stated yesterday that they would acquire TicketsNow for $265 million. TicketsNow is a website where consumers can buy tickets for events such as the NFL Playoffs, Hannah Montana, and musicals.
eBay also was rumored to be looking into the acquisition of TicketsNow. But eBay also recently acquired StubHub for $310 million. TicketsNow’s first round of funding was $8 million around the middle of 2006 from DFJ, Portage Venture Partners, and New World Ventures. Then the $8 million turned into equity as the company raised $35 million last year, led by Adam Street Partners.
As Ticketmaster’s contract with concert promotion company, Live Nation Inc. ended recently, Ticketmaster wanted to seek additional revenue streams. Live Nation is starting their own box office for ticket sales. Live Nation was a previous subsidiary of Clear Channel Communications.