Tag Archives: Yuri Milner
Socialcam Raises Funding From 46 Angel Investors
Socialcam is an iPhone app that spun off of video sharing website Justin.tv last year as part of Y Combinators winter 2012 class. Socialcam has raised seed funding from 46 well known angel investors. Socialcam’s fiercest competitor is Viddy. They have been fighting back and forth as the top Photo & Video app recently. Socialcam has reportedly surpassed the 20 million user mark. Below is a list of all of the investors involved as compiled by TechCrunch.
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Categories Alexis Ohanian, Allison Streuter, Andreessen Horowitz, Ari Emmanuel, Ashton Kutcher, Atom Factory, Brian Chesky, Chris Hollod, CrunchPad Inc., Emmett Shear, Erik Moore, Felix Shpilman, Garry Tan, Guy Oseary, Harj Taggar, Jason Johnson, Jason Lublin, Jeff Kapel, Jessica Livingston, Jonathan Abrams, Justin Caldbeck, Justin Kan, Kyle Vogt, Laurene Jobs, Laurene Powell Jobs, Matt Ocko, Michael Abrams, Michael Levit, Michael Rapino, Paul Buchheit, Paul Graham, Ram Shiram, Ronny Conway, Shane Battier, Shervin Pishevar, Socialcam, Stacey Rubin, Stewart Alsop, SV Angel, Tim Draper, Trajan Langdon, Troy Carter, Yuri Milner, Zachary Bogue
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Former Google China Head Kai-Fu Lee Raises $180 Million For Innovation Works Incubator
Kai-Fu Lee is the former head of Google China. Lee has raised $180 million for his startup incubator company founded two years ago known as Innovation Works. Innovation Works is an early-stage accelerator company.
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ZeroCater Raises $1.5 Million To Help You Plan Office Lunches
OnSwipe Raises $5 Million In “Series Awesome”
OnSwipe is a tablet publishing company that has raised $5 million in “Series Awesome.” This past January OnSwipe raised $1 million in seed funding. This round of funding was led by Spark Capital and followed on by Lightbank. Yuri Milner, Lerer Ventures, SV Angel, Betaworks, Morado, Eniac Ventures, and Thrive Capital also participated in this round.
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Grubwithus Raises $1.6 Million To Encourage Dinner Dates
Grubwithus is a social dining service where you pick a restaurant in a city that you like and buy a ticket for a meal at a set price. To really make the service work, other people have to buy a meal at the same place and you can coordinate a time to meet at the restaurant.
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Yuri Milner Launches Start Fund, Giving Every Y Combinator Company $150,000
Venture capitalists Yuri Milner of DST and Ron Conway of SV Angel have launched a new fund called The Start Fund. The first order of business is to invest $150,000 in every Y Combinator start-up company. The $150,000 investment will be convertible debt with no cap and discount.
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Categories David Lee, Digital Sky Technologies, DST, Ron Conway, Start Fund, SV Angel, Y Combinator, Yuri Milner
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Digital Sky Technologies Acquires ICQ For $187.5 Million
In June 1998, AOL acquired Mirabilis Ltd. for $287 million. Mirabilis is the company behind messaging software ICQ. Now ICQ is being passed on to another buyer, Digital Sky Technologies. DST paid AOL $187.5 million to take ICQ off their hands. DST is a Russian investment company and ICQ is the most popular messaging service in Russia.
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Categories AOL, Digital Sky Technologies, DST, ICQ, Mirabilis, Tim Armstrong, Yuri Milner
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Groupon Raises $135M, Now Worth $1 Billion On Paper
Groupon.com has raised $135 million from Digital Sky Technologies and Battery Ventures, giving the company a $1 billion valuation. Groupon is profitable and has 270 employees. Groupon launched only about a year ago and previously raised about $5.8 million from New Enterprise Associates and other angel investors. Groupon e-mails a daily deal to people across major cities that offers huge discounts for services, assuming that a bulk number of people sign up for it at the same time. If the required number of people do not sign up, nobody gets the deal or discount.
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Digital Sky Buys $200 Million Worth Of Preferred Stock In Facebook
Digital Sky Technologies (DST) is a Russian investment company that has just bought $200 million worth of Facebook stock based on a $10 billion valuation. Last week Digital Sky also made an offer to buy $100 million-$150 million worth of common stock at $6.5 billion valuation.
The common stock offer would be used to buy stock from employees as long as they are willing to cash out. Digital Sky is owned by Russian businessman Yuri Milner. DST also has ownership in major online mailing system Mail.ru.
The $200 million investment made in Facebook today is for 1.96% equity. This deal is very similar to the $240 million investment Microsoft made in Facebook.
Categories Digital Sky Technologies, Facebook, Yuri Milner
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