Posts Tagged ‘funding’

Original web series destination site Blip has just closed a $12 million financing round to develop new tools and services for independent producers.

Join Baratunde Thurston (left), The Onion’s Director of Digital and author of How to Be Black, for an entertaining look at creative social media campaigns in our Social Media Marketing Boot Camp starting February 16. Other speakers include Morin Oluwole (Facebook), Tim Devane (bitly), and SocialTimes' writer Devon Glenn.   Register now.

Global online ad spend is set to reach $110 billion by 2014 with video ad spend leading the pack, and social video advertising platform Unruly Media is positioning itself as one of the leaders in this arena. Wednesday they announced a $25 million Series A investment. The financing round clocks in at the largest ever for a private company in the social video space.

According to David Sacks, Yammer founder and CEO, the company really wanted to get Palihapitiya on board and raising the funds was part of that process. “Chamath is one of the most insightful people in tech and his experience at Facebook will prove invaluable to us as we scale Yammer in the years to come.”

European social media is humming with Ebuzzing ad platform. The company has raised $25 million in a second round of funding to kick its expansion across Europe. Based in Luxembourg with 160 people in offices across Europe, Ebuzzing connects users to branded video content via social media. The company was formerly called Wikio Group and has [...]

The number 10 million was notable for foursquare earlier this month, as the location-based mobile app reached the 10 million-user mark. The next important number for foursquare: 50 million, but dollars, not users.

CatchOfTheDay, an Australian online retailing group, operates e-commerce site CatchOfTheDay.com.au and daily deal site Scoopon.com.au. The social shopping platform raised an undisclosed amount of funding. Estimates are around $80 million, valuing the company at $200 million.

New York-based Ideeli, a flash sales site founded in 2007, has raised $41 million in Series C funding led by Next World Capital with Cue Ball Capital and other investing firms participating in the round. The latest round brings the total funding of Ideeli to almost $70 million.

The possibility of raising more funds means the three-year-old company has already had a lot of success. The earlier $30 million came from high-profile investors like Kleiner Perkins’ sFund and Liberty Media. Last February it was reported to have 18 million members in 195 countries, and has eight original Web video series in production for 2011, one of which was launched last week. It has 73 employees, and nabbed Plixi, a photo-sharing site.

Boxee has closed a tremendous third round of financing at $16.5 million. Find out what this means for the future of Boxee after the jump.

Cheezburger is in ur investment portfolio, spending ur cash. The publishers of online humor sites I Can Has Cheezburger?, FAIL Blog, Memebase and The Daily What have raised $30 million in funding. Venture capital firm Foundry Group, which also funded Zynga and Topspin, led the investment with Madrona Venture Group, Avalon Ventures and SoftBank Capital. Foundry Group managing director Brad Feld and Cheezburger CEO Beh Huh gave mbStartups the details.

“Ben and his team have built something that we think is pretty amazing,” Feld told mbStartups. “I think anybody who is part of Internet culture has seen pieces of the site, whether it’s something from FAIL Blog or one of the LOLs,” he said. Founded in 2007, the Seattle-based company owned by Pet Holdings, Inc. has attracted 16.5 million users, with 375 million page views and 110 million video views per month. “With very limited capital, they have [become leaders] in a category that’s emerged around user-generated content.”

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