Tag Archives: Ron Conway
Groupon Acquires Kima Labs and Hyperpublic
Groupon has acquired mobile payments company Kima Labs and geolocation technology company Hyperpublic. Kima Labs is known for building the mobile barcode reading app called Barcode Hero and mobile payment app TapBuy. Groupon acquired a New York City based startup company called Hyperpublic, which is a geolocation service with layers of information on it like deals and events.
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Former Google China Head Kai-Fu Lee Raises $180 Million For Innovation Works Incubator
Kai-Fu Lee is the former head of Google China. Lee has raised $180 million for his startup incubator company founded two years ago known as Innovation Works. Innovation Works is an early-stage accelerator company.
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Quid Raises $10 Million In Series C
Quid is a quantitive analysis startup company that has raised $10 million in Series C funding from Atomico Ventures, SV Angel (Ron Conway’s investor fund), Founders Fund, Endeavour Vision, Infocomm Investments, and Charles Lho. PayPal co-founder Max Levchin joined Quid’s board of directors.
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Kevin Rose’s Milk Inc. Raises $1.5 Million
Milk Inc. is a new company that was co-founded by Kevin Rose. Rose is the founder of Digg and co-founder of Revision3. Milk is essentially a company where several developers brainstorm technology and mobile ideas and works away at building them. If there isn’t any sudden traction, then the project gets shut down. Milk has raised $1.5 million in angel funding from well known investors. Investors include Mike Maples, Jr. (Floodgate), David Sze (Greylock Partners), Ron Conway, Dave Morin, Philip Rosedale, Evan Williams, Joshua Schachter, Ashton Kutcher, Michael Arrington, Philip Kaplan, Chris Sacca, Tony Hsieh, Gary Vaynerchuk, and several others. [VentureBeat]
Spark Capital Reneged On Lauren Leto’s Start-Up Bnter [RUMOR]
When Sarah Lacy interviewed Spark Capital partner Bijan Sabet about the danger of venture capital firms investing in similar companies, she indirectly found out about some drama between Tumblr and BNTER after doing some follow-up investigation. Lacy found out from three sources that Spark Capital had reneged on a term sheet that was offered to BNTER, a start-up based in New York founded by Lauren Leto.
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Confirmed: Flipboard Raises $50 Million At A $200 Million Valuation
Flipboard CEO Mike McCue has confirmed that the company has raised $50 million at a $200 million valuation. Insight Venture Partners led this round of funding. “We’re obviously thrilled, because we think it confirms our focus that people want a beautifully designed way to interact with content and to share it,” stated McCue. “And there is a lot more to come–on a scale of one to 10, we’re just at a two or three.”
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Social Media Reading App Company Flipboard Raising Funding At $200 Million Valuation
Social media reading application company Flipboard is raising funding that would give them a $200 million valuation according to sources with AllThingsD. The valuation is subject to change. Flipboard was co-founded by Mike McCue and former Apple iPhone engineer Evan Doll. When Flipboard launched in January, they had raised $10.5 million in VC funding from Kleiner Perkins, Index Centures, Jack Dorsey, Dustin Moskovitz, Ron Conway, Ashton Kutcher, and Peter Chernin. Flipboard has zero revenue thus far. [AllThingsD]
PaaS Company DotCloud Raises $10 Million In Series A
DotCloud is a platform-as-a-service company that has raised $10 million in Series A. Ron Conway and Chris Sacca was the company’s angel investors. Investors in the Series A round includes Benchmark Capital and Trinity Ventures. Jerry Yang (Yahoo! co-founder), Marc Varstaen (Apple engineering manager), Peter Fenton (Benchmark Capital), Dan Scholnick (Trinity Ventures) will be joining DotCloud’s board of directors. DotCloud allows developers to build applications through custom components.
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Offermatic Raises $4.5 Million In Series A
Offermatic is a free online service that helps people save money automatically through your credit or debit card. Offermatic has raised $4.5 million in Series A investment led by Kleiner Perkins Caufield & Byers, SV Angel investor Ron Conway, former AdMob CEO Omar Hamoui, and early execs from Facebook/Mint.com. Hamoui will be joining the board of directors. Offermatic launched in beta in December 2010. By linking existing credit cards and debit cards to Offermatic, people can receive discounts on products and services without having to redeem coupons.
1000Memories Raises $2.5 Million
1000Memories has raised $2.5 million in a round of funding led by Greylock Partners. Angel investors Caterina Fake, Ron Conway, Keith Rabois, Paul Buchheit, Mike Maples, and Chris Sacca also participated in this round. David Thacker of Greylock will be joining the board of directors at 1000Memories. 1000Memories is a website where loved ones can express words about people in their lives that have passed away. The appeal of 1000Memories is that it does not have ads and the website design is stylish. [TechCrunch]