Archive for the ‘SoftBank Capital’ Category

PureVideo Raises $2.85 Million

Amit Chowdhry | September 13, 2007 | 343 Views | Add a Comment
Categorized under PureVideo Networks Inc., PureVideo.com, SoftBank Capital

PureVideo.com LogoEl Segundo, Calif.-based PureVideo Networks, Inc. (PureVideo.com) has just raised another round of funding from Softbank Capital.  The first round was $5.6 million in December 2005.  And the second round of funding was $2.85 million.

PureVideo makes revenue from syndicating content for Microsoft, Yahoo!, Sony, AOL, Helio, etc.  PureVideo’s streams 50 million videos to 13+ million plus visitors every month.  On PureVideo.com, PureVideo Search resides.  PureVideo.com also features a downloadable media toolbar and a customizable user page.

PureVideo Networks owns StupidVideos.com, GrindTV.com, HollywoodUpclose.com, and PoliticsUpClose.com.  The company was founded by Greg Morrow and he is also the President.  Before PureVideo, Morrow worked as a General Manager of Yahoo! Music International.  Morrow started MUSICVIDEOS.com which was acquired by LAUNCH.  And then Yahoo! acquired LAUNCH so he found himself starting at Yahoo! as the LAUNCH Media VP of Business Development.

SoftBank is also an investor in KickApps Corporation, Voxant Inc., and Associated Content Inc.

KickApps Has Raised $11 Million In Second Round Funding

Amit Chowdhry | August 13, 2007 | 365 Views | Add a Comment
Categorized under KickApps, Prism VentureWorks, SoftBank Capital, Spark Capital

KickApps LogoKickApps is a user-generated video and social networking website that has gained popularity by the ease of use and creation of widgets.  These widgets have found themselves on MySpace pages, the BET Awards 07 website, Vibe.com, and Genesis-Space.

According to paidContent, KickApps has just raised $11 million in second round funding.  SoftBank Capital is a new investor and joins the returning investors, Prism VentureWorks and Spark Capital.  KickApps’ competitor, Ning recently raised $44 million.

Last year, KickApps reaised $6 million in funding for its first round.  KickApps hired Michael Chin as the Senior VP of Marketing from Bite Communications, a global communications consulting company.  KickApps is based in New York, New York.