SV Angel Posts

Jelly Raises Funding From SV Angel, Spark Capital, And Several Angel Investors

Biz Stone
Jelly is a startup that was founded by Biz Stone, the co-founder of Twitter.  The company is still in stealth mode and we have no idea what the company does.  Jelly has raised a Series A round of funding led by Spark Capital, SV Angel, Square CEO Jack Dorsey, LinkedIn CEO Reid Hoffman, Bono, Evan Williams, Jason Goldman, Al Gore, Greg Yaitanes, and Roya Mahboob.  Spark Capital general partner Bijan Sabet has joined the Jelly board of directors as part of the funding.

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Salesforce.com Acquires Pinterest-Like Website Clipboard

Clipboard Logo
Salesforce.com
has acquired Clipboard, a website that is similar to Pinterest.  Clipboard’s founders said that they will be shutting down the website on June 30th.  Existing users will be able to download their data into a personal archive that lets you view your clips and boards offline.

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DIY Website Strikingly Raises $1.5 Million

Strikingly is a do-it-yourself website that has raised $1.5 million in a seed round of funding.  The investors in this round include SV Angel, Index Ventures, Infinity Venture Partners, Funders Club, Innovation Works, Kevin Hale, TEEC Angel Fund, ZenShin Capital, Y Combinator, and several other angel investors.  Strikingly participated in the Y Combinator accelerator program during winter 2013.
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Facebook Acquires Mobile App Development Company Parse

Facebook has acquired Parse, a mobile backend-as-a-service startup.  Parse is a company that sells tools and services that helps build mobile apps.  The deal was worth around $85 million and includes retention, according to TechCrunch. Facebook had to outbid multiple Silicon Valley companies for the deal.

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REPORT: Google Acquires Wavii For Over $30 Million

Google has acquired Wavii, a company that has developed a natural language processing app used for creating status updates for your favorite politicians, gadgets, and celebrities.  The value of the transaction is rumored to be at over $30 million, according to TechCrunch.  Apparently Apple outbid Google for the acquisition of Wavii.
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Y Combinator Company CrowdMed Raises $1.1 Million

CrowdMed is a startup that passed through the Y Combinator accelerator program in the Winter 2013 class.  CrowdMed uses crowdsourcing to speed up the level of diagnosing rare medical conditions.  CrowdMed believes that by crowdsourcing medical data and applying patented predictive technology, they can help users identify the medical conditions that patients have.  CrowdMed estimates that people have saved over $2.9 million in healthcare costs by using crowdsourcing. CrowdMed has raised $1.1 million in seed funding from New Enterprise Associates, Andreessen Horowitz, Greylock Partners, Y Combinator, and SV Angel.

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Confirmed: LinkedIn Acquires Pulse For $90 Million

Professional social network LinkedIn has confirmed that they have acquired the popular news reading application called Pulse.  LinkedIn acquired Pulse for $90 million in stock and 10% cash.  We wrote about the rumor last month.  So why did LinkedIn buy a media company?

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Balanced Has Raised A $3.4 Million Seed Round

Balanced is a company that offers payment processing, escrow, and payout features using one simple API.  The company has raised a $3.4 million seed round of funding.  Of that total amount, two million dollars was added recently by Andreessen Horowitz, CollabFund, and various angel investors.  The initial $1.4 million of the seed round was from SV Angel, Brian Chesky (Airbnb CEO), Ashton Kutcher, Yishan Wong (Reddit CEO), and several others.
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