Tag Archives: Trinity Ventures
Samsung Acquires Mobile Entertainment Company mSpot
Samsung Electronics has acquired mobile entertainment company mSpot. The financial terms were undisclosed, but it is rumored that the company was sold for $8.8 million. mSpot allows users to stream and watch full length movies on their mobile phones and on the web. mSpot has deals with Disney, Sony, NBC, Lionsgate, Warner, and several other companies.
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Categories mSpot, Samsung Electronics Inc., Trinity Ventures
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Groupon Buys Travel Startup Company Uptake
Groupon has acquired the travel startup company Uptake. The acquisition was believed to be between $10 and $20 million. Uptake allows users to plan their vacations. Uptake has travel-related content and recommendations based on the social graph.
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Categories Groupon, Shasta Ventures, Trinity Ventures, Uptake
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Kixeye Raises $18 Million, Adds Zynga Co-Founder to Board
Game developer Kixeye, formerly The Casual Collective, has raised $18 million in new funding. The investment comes from Jafco Ventures, Trinity Ventures and Lightspeed Venture Partners. Kixeye also boasts two additions to the company’s board: Jafco partner Joe Horowitz and Zynga co-founder Andrew Trader. [TechCrunch]
Invoicing Company Taulia Raises $8.5 Million
Taulia is an invoicing company that has raised $8.5 million in Series B funding led by DAG Ventures. Matrix Partners and Trinity Ventures also participated in this round. Taulia has now raised a total of $12 million in funding.
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Categories DAG Ventures, Matrix Partners, Taulia, Trinity Ventures
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Mobile Developer Cloud Platform StackMob Raises $7.5 Million
StackMob is a cloud platform for mobile developers that was built into Heroku. StackMob has raised $7.5 million in a Series A round led by Trinity Ventures. StackMob allows mobile developers easy build a back-end cloud platform that allows them to manage their applications.
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Categories StackMob, Trinity Ventures, Ty Amell
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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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CrowdFlower Raises $7 Million
CrowdFlower is a company that designed data categorization tools used by e-commerce companies that has raised $7 million in funding led by Harmony Partners. Trinity Ventures and Bessemer Venture Partners participated in this round. CrowdFlower has raised a total of $12 million thus far.
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Stealth E-Commerce Company BeachMint Raises $10 Million
BeachMint.com is a social commerce company that has raised $10 million in funding. The investment was led by Trinity Ventures, New Enterprise Associates, Anthem Ventures, and Stanford University. BeachMint was founded by MySpace co-founder Josh Berman. Diego Berdakin is the other co-founder of BeachMint. Below is the full press release:
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gWallet Raises $12.5 Million From Adams Street, Trinity, and Stanford
gWallet is an offer-based ad network company that focuses on virtual goods and online games. gWallet raised $12.5 million from Adams Street Partners, Trinity Ventures, and Stanford University. The funding will go towards opening an office in London and in New York City.
gWallet plans to avoid some of the same scams that Zynga accepted as ad deals by offering a “transparent” platform. This means that game developers and social networks choose what ads to accept.
Gurbaksh Chahal is the founder of gWallet and he has experience in selling advertising companies. Chahal founded and sold ClickAgents to ValueClick and then BlueLithium to Yahoo! BlueLithium was bought by Yahoo! for $300 million. Although I admire Chahal for his entrepreneurial spirit, I thought his reality show Secret Millionaire was terrible.
Former Yahoo! Travel Exec, Yen Lee Raises $10 Million Series B For UpTake.com
Yen Lee, former General Manager of Yahoo! Travel has raised $10 million in Series B funding for his start-up. His start-up is called UpTake.com and the funding was led by Trinity Ventures and Shasta Ventures. The first round of funding was $4 million in December 2007. UpTake.com is a travel search engine that grabs data from multiple sites at once. This includes websites: TripAdvisor.com, Expedia.com, Fodors, goCityKids, Virtual Tourist, and Yahoo! Travel.
With this round of funding, UpTake plans to expand into Lodging, Things To Do, Restaurants, and Beaches features. UpTake will continue to invest in it’s own search engine technology. UpTake works with BedandBreakfast.com, Restauranti.ca, OpenTable, La Quinta Inn & Suites, Away.com, and FriendCommunications for RV and campground reviews.
“We looked at dozens of investment opportunities in the online travel industry for several years before deciding to invest in UpTake,” stated Patricia Nakache, general partner of Trinity Ventures. “UpTake has a distinct approach that addresses a big search and discovery gap in the travel market and is run by a proven CEO and team.”
UpTake has aggregated and organized about 20 million traveler reviews, ratings, and articles. UpTake is based in Palo Alto, Calif. and has engineering units in Beijing and Moscow.
Categories Shasta Ventures, Trinity Ventures, UpTake.com
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