DraftKings, a Boston-based provider of online fantasy sports games, announced on Tuesday it has raised $24 million in its second round of venture capital, which was led by Redpoint Ventures. Founded in 2012, the company offers daily fantasy sports games with offerings in fantasy baseball, fantasy football, fantasy basketball, and fantasy hockey. . Read More
GamesIndustryBiz reports that Chukong Technologies has raised $50 million in a Series D round of funding led by New Horizon Capital. The Chinese mobile entertainment company stated that the new funds will be utilized in the company’s publishing, development and engine divisions. Read More
Social media marketing platform Percolate today announced it has secured $9 million in a Series A funding round led by GGV Capital. Read More
Zendesk, a San Francisco-based developer of cloud-based customer service software, said on Wednesday it has raised $45 million in a new round of funding, led by Redpoint Ventures. Read More
Social video platform Spreecast, an open-source alternative to Google+ Hangouts, today announced an additional $7 million in funding. Read More 2 comments
Social sound platform SoundCloud raised a reported $50 million in a fundraising round led by Kleiner Perkins Caufield & Byers with participation from GGV Capital. Mary Meeker, partner at KPCB, will take a board observer seat at the company. Read More one comment
China — Tudou Holdings, China’s second-largest online video site, fell 19 percent today in its first day of trading after rising $174 million in a recent U.S. initial public offering.
Founded in 2005, the company hosts over 40 million videos viewed by over 200 million unique visitors each month. After selling six million American depositary receipts at $29 a piece yesterday, the Shanghai-based firm watched as ADRs fell 6.6 percent to $27.10 after opening below its offering price.
Tudou priced its stock [...].