Tag Archives: Redpoint Ventures
Path Raises $40 Million In Series B
Mobile social networking company Path has raised $40 million in Series B according to sources with AllThingsD. Redpoint Ventures led the $40 million round, which puts Path at a valuation of $250 million. Path currently has 2 million registered users after they completely redesigned their app last year to become a personal journaling app with ways to share travel, photos, location, and workouts with a Nike partnership. Path’s last ronud of funding was $8.65 million from KPCB, Index Ventures, and Digital Garage Japan.
Categories Path, Redpoint Ventures
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Adobe Buys Digital Marketing Company Efficient Frontier
Adobe Systems Incorporated (NASDAQ:ADBE) has acquired digital marketing company Efficient Frontier. The acquisition will help Adobe add multi-channel ad campaign forecasting, execution, and optimization capabilities to their Digital Marketing solutions.
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Professional Social Network Application For Facebook BranchOut Raises $18 Million In Series B
Mobile Ad Company Jumptap Raises $25 Million
Jumptap is a mobile ad network that has raised $25 million. Previous investors AllianceBernstein, General Catalsyt, Redpoint Ventures, Valhalla Partners, Summerhill Ventures, and WPP participated in this new round of funding. The new investors in this round were unnamed. [AllThingsD]
Peel Raises $16.7 Million To Turn Your iOS Device Into Universal Remote
Adap.tv Raises $20 Million
Adap.tv has raised $20 million in funding from Bessemer Venture Partners, Gemini Israel Funds, Redpoint Ventures, and Spark Capital. Adap.tv has raised a total of $43 million thus far. Adap.tv’s platform lets advertising companies manage their online video ads. Publishers use Adap.tv to monetize their websites with the video content. Adap.tv currently sees about 60 million unique visitors and they deliver about 1.8 billion video ad views per month. [TechCrunch]
SocialVibe Raises $20 Million
SocialVibe is a Los Angeles, California based social advertising software and technology company that has raised $20 million in equity funding. This round of funding was led by Norwest Venture Partners, Redpoint Ventures, Jafco Ventures, and Pinacle Ventures. Jeff Crowe (Norwest) will be joining the company board of directors as part of the funding. SocialVibe is led by Jay Samit and they plan on using the funding for growth. SocialVibe provides technology that invites consumers to participate in offers with brands in exchange for virtual goods. [SoCalTech]
Menu Aggregator Services Just-Eat Raises $48 Million
Just-Eat is a local online takeaway menu aggregator service that has raised $48 million in a second round of funding. The company plans to use the funding to expand internationally. Just-Eat says they are expecting to generate over $500 million in revenue for partner restaurants in 2011. Just-Eat is available across 10 countries and has 15,000 restaurants listed. Greylock Partners, Index Ventures, and Redpoint provided this round of investment. Just-Eat formed in Denmark in 2001 and moved to London in 2008. The company raised $17.9 million in 2009. [paidContent]
2tor Raises $32 Million In Series C
2tor is an online education website that is based in New York City. The company has raised $32 million in Series C funding led by Bessemer Venture Partners. Previous investors that participated in this round include Highland Capital, Redpoint, City Light, and Novak Biddle. 2tor has raised a total of $65 million. 2tor is pursuing the higher education market and is partnering with graduate programs. 2tor plans on providing a technology platform for higher graduate programs to offer classes online.
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Categories 2tor, Bessemer Venture Partners, Bessemer Ventures, City Light Capital, Georgetown University, Highland Capital, Highland Capital Partners, Novak Biddle Venture Partners, Redpoint Venture Partners, Redpoint Ventures, University of North Carolina-Chapel Hill, University of Southern California
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HomeAway.com In Talks For A $300 Million IPO
HomeAway.com is in talks with several banks about a $300 million IPO according to BusinessWeek sources. The banks that HomeAway is talking to include Morgan Stanley, Deutsche Bank AG, JPMorgan Chase & Co., and Goldman Sachs.
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