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December 30, 2010

Funding and Acquisitions: Groupon raises $500 million…with more to come

Today’s funding and acquisitions news roundup from across the web:

Web Content

Groupon’s non-IPO raises $500 million, with $450 million to go (via DealsBeat)

Advertising

Image Space Media Raises $1 Million For In-Image Ad Platform (via TechCrunch)

Mobile

Appconomy raises $1.5M to build enterprise mobile apps (via DealsBeat)

Advertising/Social Media

TextualAds Raises $650K For Facebook-Fueled, Targeted SMS Campaigns (via TechCrunch)

December 29, 2010

Funding and Acquisitions: Travel price tracker Yapta working on a $6.4 million funding round

Today’s funding and acquisitions news roundup from across the web:

Web Content

Flight And Hotel Price Tracking Startup Yapta Is Raising A $6.4 Million Round (via TechCrunch)

Mobile/Gaming

Stealthy Mobile Games Startup Wild Needle Is Raising $3 Million In Series A Funding (via TechCrunch)

December 28, 2010

Funding and Acquisitions: New $200 million fund launched by Union Square Ventures

Today’s funding and acquisitions news roundup from across the web:

Finance

Union Square Ventures Is Raising A New $200 Million Opportunity Fund (via TechCrunch)

Cloud Computing

Ifbyphone snaps up $8M to modify phone calls in the cloud (via DealsBeat)

Mobile

Zumigo Raises $420,000 To Help Jumpstart More Location-Based Applications (via TechCrunch)

Dashwire Raises Another $1 Million For Mobile Services Platform (via TechCrunch)

Gaming

Y Combinator-backed Humble Bundle sells $1.8M worth of indie games (via GamesBeat)

December 27, 2010

Funding and Acquisitions: EnergySavvy lands $1.1 million in funding to help consumers increase energy efficiency, get rebates

Today’s funding and acquisitions news roundup from across the web:

GreenTech

EnergySavvy Raises $1.1 Million To Match Up Green Contractors, Rebates And Homeowners (via TechCrunch)

Web Content

Video scanning provider 3VR raises $17M from heavy-hitting investors (via DealsBeat)

Zumbox raises $9.7M to kill the post office with a digital mailbox (via DealsBeat)

Mobile

Moblyng raising $10.9M to make mobile HTML5 games (via DealsBeat)

December 23, 2010

Funding and Acquisitions: Online video advertising firm Trevor Media picks up streaming ad provider for (about) $65 million

Today’s funding and acquisitions news roundup from across the web:

Advertising

Tremor Media Coughed Up At Least $65 Million For ScanScout (via TechCrunch)

GreenTech

Smith Electric Vehicles U.S. Acquiring Its U.K.-based Parent Company For $15 Million (via TechCrunch)

Social Media

The Gifts Project Ties A Bow On A $1 Million Round For Social Group Gifting (via TechCrunch)

Mobile

To save your phone from hackers, Lookout raises $19.5M (via VentureBeat)

December 22, 2010

Funding and Acquisitions: News Corp. unloads Fox Mobile to Jesta Investment Group

Today’s funding and acquisitions news roundup from across the web:

Mobile

News Corp Sells Fox Mobile Group To Investment Group Jesta (via TechCrunch)

Marketing/Cloud Computing

Teradata Buys Marketing Automation Software Company Aprimo For $525M (via TechCrunch)

eCommerce

MMC Ventures Injects $2.32 Million Into Online Children’s Wear Retailer Alexandalexa (via TechCrunch)

Web Content/Social Media

Twitter acquires new personnel from Fluther (via CNET)

December 21, 2010

Funding and Acquisitions: Green fuels startup Elevance secures $100 million funding round

Today’s funding and acquisitions news roundup from across the web:

GreenTech

Elevance Raises $100 Million More To Make Chemicals And Fuel From Plant Oils, Poultry Fat (via TechCrunch)

BlackRock leads $30 million round for biofuels company LS9 (via GreenBeat)

Gaming

StudioEX Raises $1.9 Million, Releases First Facebook Game “Galaxy X” In Beta (via TechCrunch)

NeoEdge raises $3M for ad platform for games (via GamesBeat)

Cloud Computing

Cloud Engines raises $15M to turn old hard drives into private cloud servers (via DealsBeat) 

Web Content

6Wunderkinder Raises €500,000 To Build Slick Productivity Tool Called ‘wunderkit’ (via TechCrunch)

Social Media

Dachis Group Makes Its Biggest Acquisition To Date, Buys Marketing Agency Powered (via TechCrunch)

Meebo closes $27.5M round to socialize the Web (via SocialBeat)

IT/Analytics

MeLLmo raises $10M for enterprise analytics on the go (via DealsBeat)

December 20, 2010

Funding and Acquisitions: Bleacher Report pulls in $10.5 million in funding to challenge mainstream sports news giants

Today’s funding and acquisitions news roundup from across the web:

Cloud Computing

Nasuni nets $15M to smooth sailing into cloud storage (via DealsBeat)

Web Content

Bleacher Report Raises $10.5M; Now Fifth Largest Sports Site (via TechCrunch)

Social Media

Mass Relevance Raises $1.7 Million For Brand-Focused Social Syndication Service (via TechCrunch)

IT/Data Networks

EarthLink Buys Telecom Services Company One Communications For $370 Million (via TechCrunch)

December 17, 2010

Funding and Acquisitions: Discount online event ticket seller ScoreBig scores $8.5 million in funding

Today’s funding and acquisitions news roundup from across the web:

Web Content

Members-Only Ticket Discounter ScoreBig Raises $8.5 Million (via digitalmediawire)

Kapitall raises $7.3M for online investments (via VatorNews)

December 15, 2010

Featured Pitch: TekTrak...never lose your smartphone again

TekTrak logo 

Company: TekTrak

Website: www.TekTrak.com

Headquarters: Los Angeles

Year Founded: 2010

Founders: Arik Waldman, CEO and Luka Sklizovic, COO

Investors: Angel Funded

Employees: 5    

Company Description: TekTrak provides smartphone security by allowing users to track their phone, and secure any sensitive data stored on the device.

Luka Sklizovic, TekTrakBy Luka Sklizovic, Co-founder and COO

Product Overview

We have all experienced losing an electronic device, whether it was a digital camera, mobile phone, MP3 player, etc. Well, after losing one too many phones, we decided to find a solution to this problem that would not only help us know the location of our devices at all times, but also make sure that the content within those devices was safe.

Smartphones, like all other mobile phones, are used so frequently these days that they are more susceptible to loss than any other electronic device. Did you know that 20-30% of phones are lost every year?! Throw cloud computing into the mix, and you might be losing more than just your device; your privacy, contacts, emails, bank account access, pictures, business documents, etc.

TekTrak developed a unique application that allows smartphone owners to see the precise location of their phone at all times, and also secure any sensitive or private information stored on the device. We use the Assisted GPS hardware within smartphones to display the location of the device on a map. Our location history function gives users access to monitor the previous locations of their smartphone, and can be used for diverse applications. The remote ringer function gives users the ability to easily locate their device once they have narrowed down the location of the phone and are in close proximity.

TekTrak’s application combines unique functionality to create a smartphone security application that is a must have for anyone with a smartphone. Lost phones can now be easily located, and smartphone owners never have to worry about the security of their sensitive data stored on the device, while preserving battery power.

Founder’s Story

A lot of ideas stem from frustration and pain from specific events, and the idea of TekTrak was no exception. After losing a few phones and digital cameras, the founders decided to find a way to locate a lost device. Smartphones were a logical platform to start with due to their GPS capabilities, and with the explosive growth within the smartphone industry, it became apparent to provide security solutions for smartphone owners.

Revenue Model

TekTrak’s revenue model is quite simple. At $4.99 per year, we provide exceptional security for smartphone owners, and we will soon implement our child safety and enterprise solutions (fees are determined on a per job basis). In addition, users will have the ability to download a free application, which will give them two uses. Users can get more uses by either upgrading to the paid app, or by referring their friends. For every friend that downloads the app, a user will get one more free use.

Future Developments

Currently available for the iOS operating system, TekTrak will offer its mobile security application for the Android OS in the next couple of months, and other platforms in the near future.  Our Android application will give the users the ability to remotely lock the phone and wipe the data, in addition to the features currently available for the iPhone.

TekTrak will also offer a geo-fencing feature that can be used by parents to keep track of their children, and by corporations to keep track of their employees. Geo-fencing was developed in response to numerous customers using our application for child safety, and this additional feature will give our users added functionality and peace of mind when dealing with children. Managing mobile employees and fleets will also be simplified and enhanced by geo-fencing, giving corporations that ability to receive employee check-ins and have overall better visibility over their operations.

Conclusion

Whether you are looking to add additional security for your smartphone and the personal data stored within the device, or you are a parent or corporations looking to add additional levels of transparency, TekTrak provides a simple to use tool.

TekTrak – www.tektrak.com

Funding and Acquisitions: Twitter closes on another $200 million in funding and an astronomical valuation

Today’s funding and acquisitions news roundup from across the web:

Web Content

Twitter Now Worth $3.7 Billion, Nabs $200 Million And Two New Board Members (via TechCrunch)

Mobile/Gaming

Pocket Gems fills its pockets with $5M from Sequoia for iPhone games (via MobileBeat)

IT/Customer Service

Spoken Communications gets $4M for call center voice recognition (via DealsBeat)

GreenTech

Sungevity raises $15 million to grow Internet-based rooftop solar leasing (via GreenBeat)

IT/Storage

Clustrix picks up $12M from Sequoia to treat database upgrade headaches (via DealsBeat)

December 14, 2010

Funding and Acquisitions: Just in time for the holidays, Paris-based ecommerce web site Smallable raises 2 million euros

Today’s funding and acquisitions news roundup from across the web:

eCommerce

Need a gift for your kid? Alven Capital puts €2 million into Smallable (via TechCrunch Europe)

GreenTech

Soladigm Raises $30 Million More To Make Smart Glass For Green Buildings (via TechCrunch)

Security

Victrio Raises $5M (via Xconomy)

Web Content

8D World Raises $5.25 Million Series B Financing

IT/Semiconductors

AltoBeam Closed Series C Funding with USVP and Long-Term Investors

Marketing

Lead-Gen Startup Integrate Nabs $4.25M Series A from Foundry Group (via Mashable)

Cloud Computing

CloudBees Acquires Java Platform-as-a-Service Company Stax Networks (via TechCrunch)

December 13, 2010

Funding and Acquisitions: New York-India based remote support company iYogi rounds up $30 million from investors that include Sequoia Capital India

Today’s funding and acquisitions news roundup from across the web:

Customer Support/Service

Remote Tech Support Company iYogi Raises $30M Round From Sequoia, Others (via TechCrunch)

Web Content

Hotelyo raises €1m angel round for its Vente Privée for luxury hotel deals (via TechCrunch)

Social Network For Gay Men Fabulis Rebrands To Fab.com, Raises $1.75 Million (via TechCrunch)

Mobile

Mobixell Secures $10m (via MobileMarketing)

December 10, 2010

Funding and Acquisitions: Video content translation startup Viki closes a $4.3 million dollar series A from some big names

Today’s funding and acquisitions news roundup from across the web:

Web Content

Viki rakes in $4.3M Series A from great VCs (via VatorNews)

IT-Storage

Nimble Storage Closes $16 Million in Over-Subscribed Series C

December 09, 2010

Funding and Acquisitions: Factual raises $25 million for its data development platform

Today’s funding and acquisitions news roundup from across the web:

Web Content

Factual Nabs $25 Million to Push Open Data (via gigaom)

Social Media

Breaking European M&A News: XING Buys Amiando For Up To €10.3 Million (via TechCrunch)

December 08, 2010

Funding and Acquisitions: Salesforce acquires Ruby on Rails app provider

Today’s funding and acquisitions news roundup from across the web:

Enterprise

Salesforce picks up Ruby on Rails web-app provider Heroku for $212M (via DealsBeat)

Web Content

DocuSign ropes in $27M to continue domination of electronic signature space (via DealsBeat)

Cloud Computing

SnapLogic (officially) raises $10M; investment titan Ben Horowitz joins board (via DealsBeat)

December 07, 2010

Q&A with Saman Rahmanian, CEO and Founder, Tischen

Tischen logo 

Tischen is a startup that is creating a freelance jobs community by offering those looking for work a customizable web presence to showcase capabilities, experience, and connect with potential customers.  The company was founded in 2010 and is based in New York City.

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SUB: How does Tischen work?  What is the basic user experience?

Rahmanian: Tischen makes it easy for individuals who are looking for work to promote their services/skills/availability to anyone who may need their services.  Tischen gives job seekers a free, customizable web page where they can showcase their skills, upload work samples, post their availability for work and promote themselves to potential employers—both companies and individuals.  Each Tischen job seeker is listed in the searchable directory, making it easy for those looking for help to find the right person for the job in the geographic area they specify.  Job seekers can even connect their Tischen page to their Facebook page to leverage the cross-platform promotion.

When an employer locates a potential employee, they can use the Tischen page to contact the job seeker directly by email or text alert, based on the job seeker’s preferences.

SUB: Are you primarily targeting unemployed people/those looking for work, or professional freelancers?

Rahmanian: Both.  The beauty of Tischen is that it’s an open forum, where job seekers of all types are welcome—full-time and part-time job seekers, contractors, consultants, etc.  It’s up to the employer and potential employee to work out the terms of their specific arrangement.  Tischen helps to facilitate the search process and make the connection.

SUB: Roughly how many people currently use the site?

Rahmanian: There are currently tens of thousands of job seekers listed on Tischen, with skills ranging from babysitters and dog walkers to artists, party planners, attorneys and marketing experts.  Each day, our directory is searched by thousands of people looking for help and specific services, a testament to the fact that despite a tough employment market, people still need to get things done—and they are hiring, just not as much by traditional means.

SUB: What is your business model?  How do you make money?

Rahmanian: Tischen operates on the “freemium” model.  A basic page is free, with options to upgrade for a small monthly fee.  The Tischen Plus program offers members their own domain name to link directly to their Tischen page, the ability to receive job requests by text message, priority placement in Tischen directory search results and a fully branded page without the Tischen search bar.

SUB: Who do you see as your primary competition?

Rahmanian: Actually, we don’t see what we do as a competition.  Our mission is to rid the world of unemployment, and right now, unfortunately, there’s plenty of room for multiple platforms to work together in this mission.  In fact, we partner with several organizations, like ParentJobNet.org and WorkForce1 in New York City, to make our vision a reality.

SUB: How has the site been funded to this point?  Have you raised outside funding?  Do you plan to do so in the near future?

Rahmanian: Tischen remains self-funded and, at this time, we are not actively seeking outside funding.  However, we’re not averse to the idea, and would welcome an opportunity to talk with anyone who shares our mission and values.

SUB: What differentiates Tischen from the competition?

Rahmanian: First, it’s free.  Second, besides just providing a place to post your resume and contact information, Tischen allows job seekers to design a fully customized web page that reflects their talents and personality and showcases their skills in the best light possible.  Finally, Tischen actually facilitates the hiring process by providing a mechanism for employers to contact job seekers directly.

SUB: What have some of the challenges been to get the site up-and-running?

Rahmanian: Sites like Tischen are most useful to people looking to hire help when a lot of people have signed up to offer their help.  Yet, without the promise of being hired from the site, few people might care to sign up in the first place.  This is the classic chicken-and-egg problem, which posed a challenged to us at the start.  Our solution to the problem has been to give immediate value – a “Tischen page” – to people when they sign up.  Each unique Tischen page is nicely designed, can be customized to fit the user’s personality or business, and can be used in a number of ways—none of which require a single other person to be on the site.  A Tischen page can be used as one’s homepage, online business card, online CV, online portfolio to showcase their work, or a simple page to share one’s schedule with clients. Job requests are now the icing on the cake. 

SUB: Where do you see Tischen in roughly a year from now?

Rahmanian: We see the site continuing to grow and helping people find work and fulfillment, moving us ever closer to our goal of ridding the world of unemployment.

SUB: Finally, a question I always ask: as an entrepreneur who has weathered the down economy, what advice do you have for those just starting out—especially in an economy that remains less than dynamic?

Rahmanian: While it’s true that employment opportunities in the traditional sense are not what they used to be – and may never be again – there is still plenty of opportunity for motivated individuals with exceptional skills to build a sustainable and thriving freelance career.  It’s vital to focus on your core strengths—those areas where you truly excel—and not try to be all things to all people.  Once you’ve determined your niche, position yourself where you’ll be seen by your potential customers.  Go where they go, whether that be online forums, in-person networking events or job search sites like Tischen.  By all means, present yourself as a consummate professional in all venues, at all times. In today’s market, count on the fact that potential employers will check out your Facebook or Twitter page, so make sure that what they find there will portray you in a positive light.

Tischen – www.tischen.com

Funding and Acquisitions: Social media leads the way in today’s funding news

Today’s funding and acquisitions news roundup from across the web:

Social Media

Social Stream Reader Threadsy Raises $3 Million In Series B Funding (via TechCrunch)

CitySocialising Raises £1 Million In Series A Round Led By PROfounders Capital (via TechCrunch)

Enterprise Computing

Help desk provider Zendesk raises $19M in what may be a final round of fundraising (via DealsBeat)

December 06, 2010

Funding and Acquisitions: Web site testing and ad targeting service provider Monetate raises 5.1 million

Today’s funding and acquisitions news roundup from across the web:

Advertising

Monetate raises $5.1M to help advertisers figure out what works (via DealsBeat)

Enterprise Software

Taulia raises $3.2M to let companies get an early bird discount with suppliers (via DealsBeat)

Security

Juniper Buys Virtualization Security Company Altor Networks For $95 Million (via TechCrunch)

eCommerce

DiJiPOP Raises $1 Million For Digital Shopper Marketing Marketplace (via TechCrunch)

December 03, 2010

Funding and Acquisitions: IA Venture raises impressive $50 million fund

Today’s funding and acquisitions roundup from across the web:

Finance

Big data draws big money as IA Ventures raises $50M fund (via VentureBeat)

IT/Performance Management

PacketMotion Adds $2.7M to Series C Round (via peHUB)

December 02, 2010

Funding and Acquisitions: eBay picks up m-commerce firm for $75 million

Today’s funding and acquisitions news roundup from across the web:

Mobile

Confirmed: Ebay Acquires Milo For $75 Million. Investors Make A Killing. (via TechCrunch)

Web Content

WhaleShark Media Closes A Whale Of A Financing, Buys RetailMeNot (via TechCrunch)

December 01, 2010

Featured Pitch: Expensify--making the expense report less tedious

Expensify logo 

Company: Expensify

Website: www.expensify.com

Headquarters: San Francisco

Year Founded: 2008

Founder: David Barrett

Investors: Hillsven Capital, Baseline Ventures, Red Swoosh founder Travis Kalanick, Redpoint Ventures

Employees: 8

Company Description: Expense reports that don't suck!

By David Barrett, Founder

Product Overview

Expensify does “expense reports that don't suck!”  We do that by importing expenses *and receipts* from your credit cards and mobile phones (so no typing or paper receipts), submitting expense reports through email (so no printouts or envelopes), and reimbursing through QuickBooks and direct deposit (so no manual bookkeeping or physical checks).

Founder’s Story

I've been programming since I was 6 years old.  Throughout middle and high school I got into computer graphics, eventually going into the virtual reality lab at the University of Michigan and then into 3D graphics engines at a small company in Texas.  That company’s total failure was a great lesson that technology is rarely the problem: most products fail because they just don’t solve an important problem, or the team building the solution doesn’t agree what it is and thus never does it right.  So I went into technical writing and project management for a while (with the notion that “C++ is a great language, but English is even better”), took a year off to travel the world, and then ultimately got into the P2P software world.  I joined a startup called Red Swoosh, it was acquired by Akamai, and I left a year later to start Expensify.

Employees

Eight awesome folk.  Me, six programmers, and one business.  We work hard and have an awesome time, just recently returning from our annual month-long off-site, where we were coding during a super typhoon!

Business Model

It’s always free to track your expenses and submit reports, and it’s free to approve reports from two submitters per month, but it costs $5 per submitter per month for each additional submitter.  So if you have 10 people in your company, three of whom submit expense reports, that month costs $5.

Current Needs (if you are currently looking for new employees, looking to raise another round of capital, etc.)

Hiring!  If you are looking (or know anyone who is) please check out our job page at http://expensify.com/jobs - we're looking for awesome generalists, ideally right out of school.

Expensify - www.expensify.com

Funding and Acquisitions: Strobe garners funding to make the mobile web more dynamic

Mobile

Strobe Gets $2.5 Million To Make The Mobile Web Dance With Apple-Like JavaScript And HTML5 Moves (via TechCrunch)


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