Pulse2 Technology and Social Media News » Sutter Hill Ventures http://pulse2.com Sun, 27 May 2012 19:13:16 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Digital Chocolate Raises $12 Million In Series D http://pulse2.com/2011/03/06/digital-chocolate-raises-12-million-in-series-d/ http://pulse2.com/2011/03/06/digital-chocolate-raises-12-million-in-series-d/#comments Mon, 07 Mar 2011 02:24:20 +0000 Amit Chowdhry http://pulse2.com/?p=44388 Continue reading →]]>
Digital Chocolate is a mobile and social gaming development company that has raised $12 million in Series D in a round led by Intel Capital. Sutter Hill Ventures and Bridgescale Partners also participated in this round. Digital Chocolate is one of the top 5 global game publishing companies on Facebook and they even hit over 100 million mobile downloads. They plan on using the funding to scale their platform.

]]> http://pulse2.com/2011/03/06/digital-chocolate-raises-12-million-in-series-d/feed/ 0 QuinStreet Filing For $250 Million IPO http://pulse2.com/2009/11/22/quinstreet-filing-for-250-million-ipo/ http://pulse2.com/2009/11/22/quinstreet-filing-for-250-million-ipo/#comments Sun, 22 Nov 2009 22:07:18 +0000 Amit Chowdhry http://pulse2.com/?p=22497 Continue reading →]]> Picture 1
QuinStreet is an online media and marketing company that owns the domain names Insure.com and Internet.com. Insure.com was bought for about $16 million and Internet.com was bought for $18 million. Quinstreet has filed an IPO in order to raise $250 million. The company will be listed under the Nasdaq index with the symbol “QNST.”

Quinstreet was founded in 1999 and has $60 million in funding from Sutter Hill Ventures, Split Rock Partners, Granite Global Ventures, Catterton Partners, Focus Ventures, Rosewood Capital, Charter Growth Capital, VSP Capital, J&W Seligman, and Stanford University. Quinstreet earned $260 million in revenue this year and had net income of $17.2 million.

]]> http://pulse2.com/2009/11/22/quinstreet-filing-for-250-million-ipo/feed/ 0 Yext Raises $25 Million From Sutter Hill Ventures And IVP http://pulse2.com/2009/10/06/yext-raises-25-million-from-sutter-hill-ventures-and-ivp/ http://pulse2.com/2009/10/06/yext-raises-25-million-from-sutter-hill-ventures-and-ivp/#comments Wed, 07 Oct 2009 03:06:06 +0000 Amit Chowdhry http://pulse2.com/?p=21087 Continue reading →]]> yext-logo
Yext is an online yellow pages service that sells click to ads. The company claims that they have 20,000 customers are connected to Yext Calls. The company has raised $25 million led by Institutional Venture Partners. Sutter Hill Ventures also participated in this round of funding. Yext claims to be pulling in $20 million in revenues this year.

Yext was founded in 2006 and they have partnered with publishers by installing Yext Numbers. Yext Numbers is a local search monetization platform. Yext partners include YellowPages, Topix, and Local.com. Yext uses IBM’s speech-to-text recognition to keep track of calls for billing. Yext is led by Howard Lerman and Brian Distelburger. Distelburger was the COO of CDS and Lerman was the COO of Datran Media.

“We are confident that Yext will become a leader in local web-based advertising,” stated IVP General Partner Dennis Phelps. “Howard, Brian and Brent’s company has the potential to solve this huge problem by focusing on advertisers as users.” Phelps is now a board member at Yext.

]]> http://pulse2.com/2009/10/06/yext-raises-25-million-from-sutter-hill-ventures-and-ivp/feed/ 0 Youku Raises $40 Million; Now At Over $80 Million In Total Funding http://pulse2.com/2008/06/30/youku-raises-40-million-now-at-over-80-million-in-total-funding/ http://pulse2.com/2008/06/30/youku-raises-40-million-now-at-over-80-million-in-total-funding/#comments Mon, 30 Jun 2008 14:57:32 +0000 Amit Chowdhry http://pulse2.com/?p=3823 Continue reading →]]> YouKu Logo
Youku.com is a popular video sharing website based in China.  This website is known for hosting full movies, but has blocked certain regions from being able to play them.  Youku has raised $30 million in funding from Maverick Capital, Brookside Capital, Sutter Hill Ventures, Farallon Capital, and Chengwei Ventures.  Youku also received a $10 million loan for equipment from Western Technology Investment.

“This investment will enable us to advance the company’s rapid growth, expand our sales and marketing network, and most importantly, accelerate our monetization process as the online video market matures and consolidates in the coming year,” stated Victor Koo, President/CEO of Youku.com Inc. in a press release. ”With the new funds, we will be deepening our service to users, advertisers and media partners to give them the best and largest platform in China to distribute video content online.”

Youku receives 100 million unique visitors per month and each users spends about 300 minutes per month on the site.  Youku is the #6 largest site in China in terms of the amount of time that is spent on the site.

“We are happy with Youku’s success and its progress in monetization,” stated Len Baker, Managing Director at Sutter Hill. “The Youku team has clearly demonstrated its excellent execution capability, and we believe Youku is in the right position as online video takes off on a massive scale in China.”

Youku has also recently partnered with Universal, China Film Group, Beijing TV, EMI, Huayi Music and several other media firms. 

Youku’s last round of funding was $40 million.  That investment was provided by Sutter Hill, Brookside Capital, Chengwei Ventures, and Farallon Capital.

Related Link:
Youku.com
Information Source:
PEHub

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