Pulse2 Technology and Social Media News » Northgate Capital http://pulse2.com Sun, 27 May 2012 19:13:16 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Rocket Fuel Raises $6.6 Million In Series C With A $160 Million Valuation http://pulse2.com/2011/04/07/rocket-fuel-raises-6-6-million-in-series-c-with-a-160-million-valuation/ http://pulse2.com/2011/04/07/rocket-fuel-raises-6-6-million-in-series-c-with-a-160-million-valuation/#comments Thu, 07 Apr 2011 22:44:47 +0000 Amit Chowdhry http://pulse2.com/?p=45653 Continue reading →]]>
Rocket Fuel is a display ad optimization company that has raised $6.6 million in Series C funding. They will be given a $160 million valuation as a result. Northgate Capital led the funding. Other investors include Mohr Davidow Ventures, Labrador Capital Fund, Nokia Growth Partners, and Wilson Sonsini Goodrich & Rosati. Rocket Fuel processes approximately 1.5 billion display ads every day. The company has an annual run-rate of $50 million which is up from a $30 million run-rate four months ago. [TechCrunch]

]]> http://pulse2.com/2011/04/07/rocket-fuel-raises-6-6-million-in-series-c-with-a-160-million-valuation/feed/ 0 Jim Bankoff’s SB Nation Receives Funding http://pulse2.com/2008/10/29/jim-bankoffs-sb-nation-receives-funding/ http://pulse2.com/2008/10/29/jim-bankoffs-sb-nation-receives-funding/#comments Wed, 29 Oct 2008 17:50:03 +0000 Amit Chowdhry http://pulse2.com/?p=6539 Continue reading →]]>
SB Nation is a sports startup that was started by Jim Bankoff, former AOL EVP of Consumer and Publisher Services.  Bankoff is also a Senior Advisor with Providence Equity Partners.  Bankoff was one of the AOL execs that pushed for the development of TMZ.com.

Although it is not known exactly how much SB Nation has raised, TechCrunch pegs it at around the “mid-seven-figure sum.”  The funding was provided by Accel, Allen & Co., and several other angel investors.  The other angel investors include Ted Leonsis (former AOL Vice Chairman and Washington Capitals owner), Brent Jones (former San Francisco 49ers player and MD of Northgate Capital), Dan Rosenweig, Jeff Weiner, and other executives from Providence Equity Partners.

SB Nation is short for SportsBlogs Nation.  About 150 team sites are linked together by local writers within the SB Nation network.  All of these bloggers share in advertising revenue.  SB Nation sites combined receive about 2 million unique visitors per month.

SB Nation is based in Washington D.C.

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