Archive for the ‘Redpoint Ventures’ Category

Entertonement Ringing In $5 Million

Amit Chowdhry | November 19, 2007 | 329 Views | Add a Comment
Categorized under Entertonement, Funding, Redpoint Ventures, Right Sized Media Inc.

Entertonement LogoEntertonement is a ringtone company that MySpace users have access to.  The company announced that they have received $5 million according to PEHub.  The $5 million in funding was found in a regulatory filing.

The company is a subsidiary of Right Sized Media Inc.  The company is based in Sausalito, Calif.  And the company is run by David Mandelbrot, a former VP of and GM of Media and Entertainment at Yahoo!  The company was founded by Fouad ElNaggar while at UCLA business school and is now an Associate at RedPoint Ventures.

Tones include movie quotes and songs which can be rated and shared.  The ringtones are categorized by TV, movies, music genres, etc.  The Entertonment blog is available at: http://blogs.entertonement.com/blog/ but has not been updated since March 2007.

Information Sources:
[1] Mashable: Entertonement Rakes in $5M
[2] alarm:clock: RedPoint Ventures Associate Raising Funds For MySpace Tool Entertonement

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Yahoo! Acquires Zimbra For $350 Million: Gearing For Online Office Application Competition

Amit Chowdhry | September 17, 2007 | 587 Views | 1 Comment
Categorized under Accel Capital, Benchmark Partners, Duff Ackerman & Goodrich, Redpoint Ventures, Sumitomo Corp, Yahoo!, Zimbra

Yahoo! and Zimbra LogosWhat does Georgia Tech, Digg, and Mozilla.org have in common? According to Yodel Anecdotal: Yahoo’s company blog, the email and group calendaring system is all powered by Zimbra. And because why it is so “damn cool” as described by Yahoo!’s Brad Garlinghouse, the search engine just bought the open source email/calendaring company for $350 million in cash.

This acquisition comes at a time that Google is gearing to develop further online office suite applications and when Microsoft is supposedly developing and testing online versions of Word, Excel, and PowerPoint as well. Yahoo! is now on the bandwagon and will bring Yahoo! new customers and be able to benefit from the open-source community in terms of email software development.

The Zimbra Collaboration Suite 4.5 is the current release by Zimbra, but with the announcement of the acquisition, version 5.0 will not be delayed.

For those who are current Zimbra customers or want to learn more about how the acquisition, there is a Q&A available and Network Edition Trial on the Zimbra website.

The company raised $30.5 million over the course of three rounds of funding from Benchmark Partners, Redpoint Ventures, Accel Capital, Sumitomo Corporation, and Duff Ackerman & Goodrich according to TechCrunch.

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Recent Tech Funding: Oodle, Amp’d, Eyeblaster, MyCoupons, Ludic Labs, and Boorah

Amit Chowdhry | March 21, 2007 | 558 Views | Add a Comment
Categorized under Amp'd Mobile, BRM Capital, Boorah, Carmel Ventures, Columbia Capital, Direct Response Technologies, Eyeblaster, Funding, Greylock Partners, Highland Capital Partners, Insight Venture Partners, Intel Capital, JAFCO Ventures, Koor Industries, Ludic Labs, MTV Networks, News Corp, Old Lane Management, Oodle, Redpoint Ventures

Oodle LogoOodle is a startup that has over 20 million classified ads and features listings from all over the U.S. and the UK. Oodle has raised $11 million in a 2nd round from current investors, Greylock Partners and Redpoint Ventures along with new investor, JAFCO Ventures. The first round was $5 million. Oodle has a partnership with The Washington Post (D.C.) and The Sun (British tabloid owned by News Corp).

Amp’d Mobile LogoThis is Amp’d Mobile’s 5th round of funding and the amount is quite substantial. According to the SEC, Amp’d has raised $107 million. This round of funding was provided by Old Lane Management (hedge fund created by former Morgan Stanley execs) and joins previous venture backers: Columbia Capital, Highland Capital Partners, Redpoint Ventures, Intel Capital, MTV Networks, Tudor Investments and Universal Music. The CEO of Amp’d is Peter Adderton, who also founded Boost Mobile.

eyeblaster Logo

Gal Trifon and Ofer Zadikario founded Eyeblaster in 1999 and has established the company as a leader in digital marketing. The company had announced today that it has raised $30 million in funding from private investors. The company has been profitable every year since 2002. The company was founded in Israel and had previously raised $10 million ($8 of which came from Insight Venture Partners). The current investors are Eli Barkat (BRM Capital), Jonathan Kolber (Koor Industries, Ltd.), Shlomo Dovrat (Carmel Ventures), Harel Beit-On (Carmel Ventures), and Nir Barkat. Eyeblaster designs rich media and standard banners.

MyCoupons Logo MyCoupons, a Pittsburgh-based company that was the first online coupon site launched in 1995 and took in $750,000 to re-launch its product… as a social network. “We have invested close to three quarters of a million dollars over the past year and we are proud to be able, today, to announce our re-birth” stated a company representative [Source: alarm:clock]. Jason Wolfe, the original founder of MyCoupons had bought back the domain name from Direct Response Technologies after the Save.com (who bought it for MyCoupons.com for $20M) went bankrupt after the dot-com bust.

Ludic Labs Logo

Ludic Labs is a San Mateo-based company that is run by Dr. Brian Totty. According to alarm:clock, Totty was most recently a Venture Advisor at Foundation Capital and was a Founding VP of Research and Development and a General Manager of Inktomi. Inktomi was bought by Yahoo! in March 2003. “Ludic Labs is creating a mass-scale, social-media service for internet and mobile devices” stated a Ludic Labs representative. The company says that they are well funded and are planning on hiring Python, Web UI, and Internet Service developers around Silicon Valley shortly.

Boorah LogoBoorah, a retaurant review website based in New York has raised angel funding and is now looking for venture capitalist funding. The company was founded by Nagaraju Bandaru and Eric Moyer. Both of them were previous executives for wireless broadband provider, MetroFi. Moyer presented BooRah at the past DEMO conference.

[Information Source: PaidContent and alarm:clock]

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