Archive for category Venture capital

LivingSocial raises $25 million

LivingSocial, the Groupon competitor, has announced that they’ve raised $25 million in Venture Capital series B round from U.S. Venture Partners, Grotech Ventures, and Revolution, LLC.

LivingSocial are best known for their Facebook apps like Visual Bookshelf, Pick Your 5, and Polls. They’re now moving into deals and daily deals market, which is dominated by Groupon, which recently announced that they’ve raised $30 million.

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Sonos raises $25 million

Sonos, makers of home theater solutions (and some good ones, too), has announced that they’ve raised $25 million in Venture Capital from Index Ventures Partners, bringing the total funding Sonos has got to $65 million.

The company makes home theater and music solutions, and have recently launched an iPhone application where users can control their home theaters from their phones.

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Lucid Imagination Raises $10 Million in Series B funding

Lucid Imagination has announced that the company has raised $10 million in a Series B round of VC funding from Shasta Ventures with Granite Ventures, and Walden International.

Lucid was launched in 2005 and offers a search technology based on open source platforms. Its product is used at Zappos, Nike and Netflix, among others. The latest round of funding brings the total amount to $18 million.

Betaworks raises $20 million

Betaworks, the investment company which invests iWeb projects based around realtime Web, has announced that they’ve raised another $20 million from RRE Ventures and Intel Capital, DFJ Growth, AOL Ventures, The New York Times, Softbank Japan and Softbank NY — quite a round of important VCs.

This brings Betaworks’ total funding to $28 million. The company was launched in 2007.

UK’s Autoquake raises £6m

Autoquake, the online used car dealer in the United Kingdom, has announced that they’ve secured £6 million in Venture Capital from Accel Partners and Highland Capital Partners, bringing Autoquake’s total funding to £20 million, or $30 million USD.

Autoquake launched in 2005 and is one of the leading online used car retailers, where it usually acquires fleets of used cars from corporations such as rental agencies, and sells them in virtual showrooms. They expect to sell 15,000 cars in 2010.

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SeaWell Networks raises $7 million

Online video distribution outfit SeaWell Networks has announced that they’ve raised $7 million in Venture Capital from BDC Venture Capital, Northwater Intellectual Property Fund and Ontario Centres of Excellence.

The Canadian company was founded in 2008, it’s currently developing a system for online video distribution using the standard H264 video encoding spec.

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Chip-firm Tilera raises $25 million

Tilera, which develops multi-core computer chips, has revealed that the company has raised $25 million in a series C VC round, led by chip-giants Broadcom Corporation, Quanta Computers and NTT Financing. Tilera was founded in 2004, and focuses on multi-core chips for the embedded markets, and it has its own software development wing as well. Tilera has raised a total of $64 million so far.

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Perfect Market raises $6 million

Perfect Market, a startup which helps online publishers get more revenue from their content, have announced that they’ve raised $6 million in a Series C funding round from the Tribute Company, the big news publisher behind LA Times and Chicago Tribune. Perfect Market has already raised over $15 million in their previous two rounds of funding.

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