O’Reilly AlphaTech Ventures Posts

Misfit Wearables raises $15.2 million in funding


Misfit Wearables is a hardware company that is known for creating an activity tracker called Shine. Misfit has raised $15.2 million in funding from Horizons Ventures in a new round of funding. Jason Wong of Horizons will be joining the board of directors at the company. Existing investors that participated in this round include Founders Fund, Khosla Ventures, Norwest Venture Partners, O’Reilly AlphaTech Ventures, Max Levchin, and incTANK. Misfit was founded by former Apple CEO John Sculley, Sonny Vu, and Sridhar Iyengar. The Shine is used for awarding points to users for walking, running, and swimming.

3D Robotics Has Raised $30 Million

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3D Robotics has announced that they have raised $30 million in Series B funding from Foundry Group, True Ventures, O’Reilly AlphaTech Ventures, and SK Ventures.  3D Robotics previously raised $5 million in funding from many of the same investors.

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Chairish Raises $3.2 Million Seed Round

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Based in San Francisco, Chairish is an online consignment marketplace for people that are obsessed with design and want to buy/sell pre-owned home furnishings.  The company launched in February and has recently raised a $3.2 million seed round of funding from Azure Capital Partners and O’Reilly AlphaTech Ventures to accelerate growth and expand their marketplace.

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Foursquare Raises $41 Million, May Sell Check-In Data For Ad Targeting

Foursquare seemed to have peaked between 2009 and 2010.  Today Foursquare is struggling to stay relevant and competes intensely against Facebook Places and Yelp.  Foursquare introduced ads within their search engine, but it has been disappointing since many people do not utilize the search built into the app.  The company has not been able to generate much revenue from mobile ads based on a user’s location as a result.  Foursquare generated around $2 million in total revenues last year according to sources with BusinessWeek.  In order to keep the company going, Foursquare raised $41 million from the private equity company Silver Lake Partners and venture capital companies Andreessen Horowitz, Union Square Ventures, O’Reilly AlphaTech Ventures, and Spark Capital.

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littleBits Raises $3.65 Million In Series A

littleBits is a New York based startup company that makes electronic toys that are similar to Legos. The company has just raised $3.65 million in Series A funding in a round led by True Ventures. Khosla Ventures, O’Reilly AlphaTech Ventures and Lerer Ventures participated in this round of funding. Joi Ito, Nicholas Negroponte and Joanne Wilson were seed investors in the company.
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HTML5 Publishing Tool Company Strobe Raises $2.5 Million Funding


Strobe is a start-up company that is creating publishing tools that focuses on a new generation of web standards. Strobe raised $2.5 million in funding as a first round. O’Reilly AlphaTech Ventures and Hummer Winblad Venture Partners participated in this round of funding. Strobe CEO and co-founder Charles Jolley announced the funding earlier this week.
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Bit.ly Raises $8.9 Million In Series B Financing


Popular URL shortening and analytics service Bit.ly has raised $8.9 million in Series B financing. This round of funding was led by AOL Ventures and RRE Ventures. Existing investors include Betaworks, O’Reilly Alpha Tech Ventures, Founders Fund, and SV Angel. Every day about 200 million Bit.ly short links are clicked on through Twitter and other services. Even though Bit.ly is no longer the default URL shortening service for Twitter, the traffic continues to grow for the service.
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Foursquare Raises $20 Million Series B


Foursquare, the mobile check in service started by Dennis Crowley has raised $20 million in Series B funding at a $95 million pre-money valuation.
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