Tag Archives: Storm Ventures
Crowd Factory Raises $6.5 Million
Crowd Factory is a social marketing company that has raised $6.5 million in funding led by Storm Ventures. Hummer Winblad, Peninsula Ventures, and several other angel investors are participating in this round of funding. Crowd Factory lets people optimize marketing campaigns and manage analytics from one centralized dashboard. Some of Crowd Factory’s clients include HBO and Sony.
3Crowd Technologies Receives Funding From Storm, Greenwich, Kevin Rose, and Jay Adelson
3Crowd Technologies announced that they have funding from Storm Ventures, Greenwich Technology Associates, Kevin Rose (Digg.com founder), and Jay Adelson (Digg.com CEO). 3Crowd was founded by Barrett Lyon, co-founder and former CTO of BitGravity. 3Crowd is in stealth mode, but the company claims to change crowdsourcing. The funding amount is in the form of a convertible note and it is unknown how much is involved.
Kevin Rose and Jay Adelson were customers of BitGravity for Revision3.com which is how the two know Lyon. Revision3 is a video service that Kevin Rose and Jay Adelson founded together that hosts shows such as DiggNation and The Totally Rad Show.
BookRenter.com Raises $6 Million From Storm and Adams
Chegg isn’t the only online textbook rental company that raised funding this week. BookRenter.com announced that they have raised $6 million in funding as part of the company’s first round. Investors included Storm Ventures and Adams Capital Management.
BookRenter’s growth was “300 percent year-over-year,” stimulated by the the back to school season. BookRenter is led by CEO Mehdi Maghsoodnia.
Currently BookRenter has 80,000 customers across 5,000 college campuses and is predicting that they will earn $10 million in revenue this year.
MobileIron Raises $9 Million Immediately After Launching
MobileIron is a mobile phone company that launched after being in stealth mode last week. The company raised $9 million immediately after coming out of stealth mode. MobileIron is intended to be a mobile security company for enterprises.
“The MobileIron Virtual Smartphone Platform is the first solution to combine data-driven central management of smartphones with deep visibility into real-time usage and cost drivers,” states the MobileIron Products page. “It is a simple-to-install appliance that plugs into your corporate network and lets you quickly gain control of your smartphone operations. Smartphone data moves to the cloud, giving IT, finance, and end users full visibility and control of smartphone operations through a central window.”
MobileIron can also monitor the data usage and alert IT departments when employees are nearing certain thresholds. This way the IT departments of companies can maintain costs when providing employees with smartphones.
The investors include Norwest Venture Partners, Storm Ventures, and Sequoia Capital.
[via InformationWeek]