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Former XM Head Hugh Panero Joins NEA as Venture Partner

Authored by Mark Hefflinger on November 6, 2008 - 9:57am.

Chevy Chase, Md. - Hugh Panero, the co-founder and former CEO of XM Satellite Radio , has joined venture capital firm New Enterprise Associates (NEA) as a venture partner, the firm announced on Thursday.

tags: VC | Moves | NEA | XM Satellite Radio | Investments | Hugh Panero |

Live Media Broadcasting Platform Conviva Secures $20 Million

Authored by Mark Hefflinger on August 25, 2008 - 7:44am.

San Mateo, Calif. - Conviva, the provider of a live media platform that allows companies to broadcast secure live video, announced on Monday that it has secured $20 million in its second round of funding, led by UV Partners.

tags: Deals | VC | Video | NEA | Foundation Capital | Conviva | UV Partners |

Hillcrest Labs Gets $25 Million for Interactive TV Technology

Authored by Mark Hefflinger on January 7, 2008 - 7:55am.

Rockville, Md. - Hillcrest Labs, the developer of a platform that lets consumer electronics manufacturers and service providers create interactive digital media products, said on Monday that it has raised $25 million in a new round of funding, led by new investor AllianceBernstein.

tags: Games | Deals | VC | TV | NEA | Interactive TV | Columbia Capital | AllianceBernstein | Hillcrest Labs | Grotech Capital Group |

Game Developer Realtime Worlds Raises $31 Million

Authored by Mark Hefflinger on December 8, 2006 - 2:17pm.
Dundee, Scotland - Independent video game developer Realtime Worlds announced on Friday that it has raised $31 million in financing from New Enterprise Associates.
tags: Games | Deals | VC | Tech | NEA | Game Developers | Realtime Worlds |

Mobile Service Provider flipt Lands $5 Million in First Round

Authored by dmw on May 1, 2006 - 7:06pm.
Palo Alto, Calif. - Newly formed mobile service provider flipt said on Monday that it has received $5 million in its first round of funding, co-led by Sequoia Capital and New Enterprise Associates. The company was founded by CEO Sam Altman during his sophomore year at Stanford, where he was studying computer science. Altman said that he developed the service, which will be geared toward teens and 20-somethings, to better organize his social life. The company plans to unveil its service in the coming weeks, when it will also announce executive team additions and mobile carrier partnerships.
tags: Deals | Mobile | VC | Mobile Deals | People | Sequoia | flipt | NEA | Sam Altman | Stanford |

Mobile Content Delivery Firm Motricity Raises $40 Million

Authored by dmw on April 25, 2006 - 7:48pm.
Durham, N.C. - Motricity, a provider of mobile content delivery technology, has raised $40 million in a round of venture capital led by Advanced Equities. Other investors in the deal include New Enterprise Associates and Technology Crossover Ventures. Motricity said in a release on Tuesday that during the last few months it has signed important agreements with various customers, including Alltel, Virgin Mobile, Sony Ericsson and BET. The company's technology allows content providers, as well as media an entertainment companies to deliver personalized content on mobile devices. Founded in 2001, Motricity has about 300 employees and offices in Durham, N.C., as well as Beijing, London, Munich and San Diego.
tags: Deals | Mobile | VC | Tech | Mobile Deals | Tech Deals | NEA | Motricity |