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World Golf Tour Raises Second Round of Funding

Authored by Ned Sherman on May 2, 2008 - 10:45am.

San Francisco - World Golf Tour, a San Francisco-based developer of photo-realistic online golf games, said on Friday that it has raised an undisclosed amount of funding in its second round, led by Menlo Park-based Panorama Capital.

tags: Golf | Funding | Finance | World Golf Tour |

U.S. Venture Capital Fundraising on Track to Surpass 2005 Levels

Authored by Mark Hefflinger on November 1, 2006 - 3:21pm.
San Francisco - Venture capital fundraising in the U.S. looks to be on track to surpass the level of a year ago, according to new figured from Dow JonesVentureOne. During the third quarter, a total of $6.69 billion was raised in 21 funds -- a monetary increase of 17% from the same period in 2005, despite nine fewer funds.
tags: Deals | Internet | VC | Tech | Metrics | Investing | Funding | VentureOne |

Charles River Ventures Launches "QuickStart" Seed Funding Program

Authored by Mark Hefflinger on November 1, 2006 - 3:19pm.
Waltham, Mass. - Venture capital firm Charles River Ventures (CRV) announced on Wednesday that it has launched a seed funding program "designed to help entrepreneurs prototype and launch new ideas quickly."
tags: Deals | VC | Tech | Investing | Funding | CRV | Startups |

Fashion, Shopping Site Glam.com Launches With $11 Million in Funding

Authored by Mark Hefflinger on September 20, 2005 - 9:13am.
Huntington Beach, Calif. -- Glam Media on Tuesday announced the launch of Glam.com, an entertainment website that combines fashion content with online shopping, and features editorial staffers from Vogue, In Style, Elle, Harper's and The New York Times. Huntington Beach, Calif.-based Glam Media raised $11 million in venture capital to launch the site, from investors including Accel Partners, Draper Fisher Jurvertson, Walden Venture Capital and Information Capital. In addition to fashion news and articles, the site will feature over 10,000 products, and direct links to the sites of more than 60 retail partners including Bloomingdales, Macy's, Neiman Marcus and Saks Fifth Avenue.
tags: Launches | Website | Fashion | Funding | Shopping | Glam.com |

Mobile Search Service 4INFO Raises $8 Million in Funding

Authored by Mark Hefflinger on March 22, 2005 - 9:26am.
Palo Alto, Calif. -- 4INFO, a developer of services that allow users to search for information on their mobile devices, announced that it has raised $8 million in a new round of venture capital funding led by U.S. Venture Partners. Draper Fisher Jurvetson also participated. San Mateo, Calif.-based 4INFO's free service -- which works with all major wireless carriers -- allows users of cell phones and PDAs to search for such information as sports scores, weather, flight information, movie times and stock quotes. Users also can access a comprehensive database of stores and businesses, broken down by neighborhood. For instance, a user can send "starbucks palo alto" to 44636 and the service will return the addresses and phone numbers for all of the locations in the city.
tags: Funding | Mobile Search Service | 4INFO |

DVD Trading Service Peerflix Lands First Round of Funding

Authored by Mark Hefflinger on March 9, 2005 - 4:59am.
Menlo Park, Calif. -- Peerflix, an online service that allows members to legally trade DVDs, said on Tuesday that it has raised an unspecified amount in its first round of funding, co-led by 3i and BV Capital. The funding will be used to accelerate member acquisition, scale the company's infrastructure and develop new product offerings and enhancements. Launched in 2004, Peerflix operates a peer-to-peer service that allows DVD owners to trade DVDs that they no longer want for others they would like to watch. The company said that more than 25,000 are currently being requested for trade on its site, with plans to expand into other products, including video games and CDs. The service, still in its beta phase, is currently offered in the U.S. and Canada, with international expansion planned for the future.
tags: Funding | Peerflix | DVD Trading Service |

Online Classifieds E-Commerce Software Firm AdPay Secures Funding

Authored by Mark Hefflinger on December 17, 2004 - 8:15am.
Denver -- AdPay, a provider of e-commerce software for online newspaper classified ads, announced that it has raised a first round of venture capital financing, through the sale of shares to Appian Ventures and FFP Holdings. Colorado-based AdPay's Click and Buy Classifieds software enables newspapers to offer their online advertisers expanded text, photos and multimedia options when placing ads. The company's customers include the St. Petersburg Times, the Denver Newspaper Agency, the San Diego Union-Tribune, the Sacramento Bee and the Houston Chronicle. "Based on our success in the marketplace we had already accelerated our staffing activities, and with this investment we're now fully-funded to pursue this exciting market opportunity," said AdPay president and CEO Mike Heene.
tags: Funding | AdPay | Online Classifieds | E-Commerce Software |

Digital Ad Distributor Lightningcast Secures $5 Million in Funding

Authored by Mark Hefflinger on July 7, 2004 - 6:49am.
Alexandria, Va. -- Lightningcast, a Virginia-based developer of a software platform for broadband advertising, said on Wednesday that it has raised $5 million in a new round of funding. New investors Global Internet Ventures and New Markets Growth Fund joined previous investors Nokia Venture Partners and Redleaf Group in the round. The company said that it will use the capital to accelerate product development and expand its sales organization. Lightningcast's core technology, used by major media companies, allows owners and distributors of broadband audio and video to insert streaming ads. Its clients include AOL, Disney/ABC, NPR and MTV.
tags: Lightningcast | Digital Ad | Funding |

Omneon Video Networks Raises $10.5 Million in Funding

Authored by Mark Hefflinger on April 16, 2004 - 4:39am.

Sunnyvale, Calif. -- Omneon Video Networks, a maker of networked video servers for broadcasters, said on Thursday that it raised $10.5 million in a new round of funding, led by Invesco Private Capital. Previous investors Accel Partners, Advanced Technology Ventures, Intel Capital, Lucent Venture Partners, Meritech Capital Partners and Norwest Venture Partners, as well as new investor Centre Palisades also participated. Joe Kennedy, the CEO of Omneon, said that the company will use the capital to "expand development to address a wider market segment as well as accelerate penetration in new geographies." The company's media servers are currently being used by PBS, Raycom Media, and CBN in the United States; the BBC, BSkyB, and TV Cabo in Europe and Network Ten in Asia/Pacific.
http://www.omneon.com/news/pressreleases/040415_Funding.htm
tags: VC | Deal | Funding | Omneon Video Networks |

MyDTV Raises $7 Million in New Funding

Authored by Mark Hefflinger on April 12, 2004 - 6:26am.
Burlingame, Calif. -- MyDTV, a Burlingame-based developer of TV search engine technologies, said on Monday that it has raised $7 million in a new funding round led by San Francisco-based WaldenVC. Previous investors Rothschild Ventures and Defta Partners also participated. The company plans to use the money to support continued development of its TV metadata technology, as well as expand. MyDTV's system connects to programmers' production systems to automatically generate metadata that is continuously broadcasted to the viewer's digital receiver. When upcoming programs match a viewer-defined profile, a recommendation banner pops up on whatever channel the viewer is watching. The viewer can then click on the banner to access the desired channel or continue watching current programming. MyDTV was launched in 2000.
tags: Deal | New | Funding | DTV |