Tag Archives: Revolution Ventures
LivingSocial Raises $176 Million In Private Offering
LivingSocial has raised $176 million in a private offering according to an SEC filing. Investors in this round include Amazon.com, U.S. Venture Partners, and Steve Case’s Revolution Ventures. Code Advisors and JP Morgan oversaw the deal and made $5 million in the process. LivingSocial offered $400 million worth of stock and sold a portion of it. About $224 million of stock still available. The final $224 million is expected to be bought in the next several weeks or months. This round of funding will be used for operations and expansion such as setting up a new company headquarters. [BusinessInsider]
Steve Case and Ted Leonsis Raising $400 Million As Part Of Revolution Growth Equity Fund
AOL co-founder and former CEO Steve Case and Revolution Money Chairman Ted Leonsis is raising a $400 million growth equity fund. Both were top execs at AOL in the 1990s and now they are making pitches in New York for a new investment vehicle called Revolution Growth. Revolution Growth will be a part of Steve Case’s company called Revolution. Former AOL executive Donn Davis will be the third partner in Revolution Growth. [AllThingsD]
Categories Revolution Growth, Revolution Ventures, Steve Case, Ted Leonsis
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UberMedia Raises $17.5 Million, Acquires TweetDeck For $30 Million
UberMedia has raised $17.5 million in a round of funding led by Accel Partners with participation from Index Ventures and Revolution Ventures. This puts UberMedia’s valuation at about $40 million. Index Ventures. Over the weekend, Ubermedia also acquired TweetDeck for $30 million in cash and equity. UberMedia head Bill Gross and TweetDeck founder Iain Dodsworth are focused on building businesses within the Twitter ecosystem. Jim Breyer of Accel will be joining the UberMedia board of directors. Below is the funding press release:
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Quantcast Raises $27.5 Million From Cisco, Polaris, Founders Fund, and Revolution
Quantcast, a website that monitors stats for websites announced earlier this week that they have raised $27.5 million. Cisco Systems is the leader investor in Quantcast. Quantcast competes with Alexa and Compete.com. Quantcast plans to use the funding to expand their advertising platform.
“Quantcast’s approach and technology for delivering high-value, targeted advertising aligns with the needs of Cisco’s customers, from service providers to media companies and ultimately consumers,” stated Cisco SVP and general manager of Media Solutions Group Dan Scheinman. Other investors include Polaris Venture Partners, The Founders Fund, and Revolution Ventures.
Quantcast Seeking $50 Million In Additional Funding
Analytics company Quantcast is seeking a $50 million round of funding which would put them at a $300 million valuation according to PEHub.
The company is rumored to have received several term sheets, but the identities of the investors is not yet known. Quantcast monitors the traffic and demographics of about 10 million web sites and they are finding ways to monetize the service through a Media Program. The Quantcast Media Program gives advertisers the ability to select the audience they want to reach by having access to demographic information.
So far Quantcast has raised $25 million in total funding. Allen & Company invested $20 million Series B in 2007. Other investors include the Founders Fund, Polaris Venture Partners, and Revolution Ventures.