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RaiseNetflix to Raise $105 Million Through Sale of 3.5 Million SharesAuthored by Mark Hefflinger on April 28, 2006 - 9:07am.
Los Gatos, Calif. - Online DVD rental service Netflix announced on Friday plans to sell 3.5 million shares of its stock, priced at $30 each. The transaction is expected to close on May 3. The company said it will use the approximately $105 million in proceeds for general corporate purposes. Earlier this week, Los Gatos, Calif.-based Netflix reported that it now counts 4.87 million subscribers, and also raised its year-end subscriber target from 5.9 million to 6.3 million.
U.K.-Based Mobile Marketing Firm Flytxt Raises $1.9 MillionAuthored by Mark Hefflinger on March 30, 2006 - 9:11am.
London - Flytxt, a U.K.-based mobile marketing firm, announced that it has raised $1.9 million from existing investors IVC, Herald Ventures and Gordian Investments. Flytxt said it would use the funds to "provide continual improvements" in the ROI (return of investment) achieved by its clients. Flytxt's customers currently include EMAP, Capital Radio Group, HarperCollins, British Airways, Time Inc. and Yahoo. Separately, the company also announced that it has appointed Flytxt board director David Harper as executive chairman, while co-founder Carsten Boers, appointed CEO in April 2004, will return to New York as president.
"Second Life" Online World Creators Linden Lab Raise $11 MillionAuthored by Mark Hefflinger on March 29, 2006 - 9:52am.
San Francisco - Linden Lab, developer of the "Second Life" 3D online world, announced on Tuesday that it has raised $11 million in a recent round of venture capital financing. Globespan Capital Partners led the investment round; Benchmark Capital, Catamount Ventures, Omidyar Network, Amazon.com founder Jeff Bezos and Lotus founder Mitch Kapor also participated. Founded in 1999, San Francisco-based Linden Lab's "Second Life" online community, or "metaverse," now claims 165,000 residents and a virtual economy worth over $60 million per year. The company told CNET News.com it will use the funds to bolster its staff and for international expansion.
Women-Focused Mobile Firm LimeLife Raises $10 MillionAuthored by Mark Hefflinger on March 29, 2006 - 9:46am.
Menlo Park, Calif. - LimeLife, a publisher of mobile software aimed exclusively at women, said on Tuesday that it has raised $10 million in its second round of funding, led by U.S. Venture Partners. Other previous investors, including Rustic Canyon Partners, i-Hatch Ventures and Monitor Ventures, also participated. LimeLife's products target the growing number of women downloading both casual gaming and mobile entertainment applications. They are currently distributed through the company's relationships with wireless carriers such as Cingular, Verizon Wireless and Sprint, with T-Mobile soon to be added to that list.
Alternative Payments Technology Firm I4 Commerce Raises $27.4 MillionAuthored by Mark Hefflinger on March 28, 2006 - 10:41am.
Timonium, Md. - I4 Commerce, a developer of alternative payment technologies for retailers, said that it has secured $27.4 million in a new round of venture capital funding, led by New York-based Kingdon Capital Management. Previous investors Crosspoint Venture Partners, Azure Capital Partners and GRP Partners also participated. Maryland-based I4's "Bill Me Later" platform allows consumers to pay for purchases online and by phone without using a credit card. Instead, consumers provide their name, billing address and birthdate, as well as the last four digits of their social security number, and later receive a bill in the mail. The platform is currently in use by more than 240 brands, including Petco, Continental Airlines and Wal-Mart.
French Mobile Video Developer Eyeka Raises $4.8 MillionAuthored by Mark Hefflinger on March 28, 2006 - 10:39am.
Paris - Eyeka, a France-based provider of mobile video and image service applications, announced that it has secured $4.8 million in first-round venture-capital financing just months after the company was founded. Paris-based Ventech Capital and U.K.-based DN Capital led the round. Eyeka said DN Capital's expertise in digital media and strong presence in the U.K. and U.S. would be "crucial" for its international expansion. The French firm said it would use the investment to develop its platform and hire new staff.
Wikipedia Offshoot Wikia Raises $4 Million in First RoundAuthored by Mark Hefflinger on March 28, 2006 - 10:36am.
St. Petersburg, Fla. - Wikia, a provider of advertising-supported platforms for developing and hosting online communities, has raised $4 million in its first round of venture capital, led by Bessemer Venture Partners. Previously called Wikicities, Florida-based Wikia allows online groups to share information, news, stories, media and opinions. The company was launched in 2004 by Angela Beesley and Jimmy Wales, who previously founded Wikipedia, the free, "open source," online encyclopedia. Both Wales and Beesley serve as board members of the Wikimedia Foundation.
Mobile Ad Technology Provider TXT4 Raises $2.2 MillionAuthored by Mark Hefflinger on March 28, 2006 - 10:34am.
Oxford, England - TXT4 Ltd., a London-based provider of mobile response technology to advertisers, announced that it has raised $2.2 million in venture capital financing. TXT4 provides software to manage advertising response using text messaging. Oxford Capital Partners and Noble Fund Managers led the round. TXT4 said it would use the investment to grow sales and marketing and increase technical resources. The latest cash injection follows a £250,000 investment by The Capital Fund last December. TXT4 has offices in Australia, France, Germany and Ireland.
Digital Media Services Firm Onstream Media Raises $2.5 MillionAuthored by Mark Hefflinger on March 28, 2006 - 10:32am.
Pompano Beach, Fla. - Onstream Media, a provider of live and on-demand media communications, has raised $2.5 million in a private placement of convertible debt. The company said that it intends to use the proceeds to support ongoing expansion of its marketing efforts, update certain infrastructure, licenses and equipment, and eliminate a portion of its outstanding short-term liabilities. Pompano Beach-based Onstream Media's digital media services technology provides tools for webcasting, web conferencing, managing digital assets, publishing content on the Internet and establishing e-commerce storefronts.
Mobile Entertainment Publisher Phonebites Raises $7 MillionAuthored by Mark Hefflinger on February 28, 2006 - 9:41am.
San Francisco - Phonebites, a San Francisco-based publisher of mobile entertainment, said on Tuesday that it has raised $7 million in its second round of funding, led by Mayfield Fund. Previous investors Cardinal Venture Capital, Garage Technology Ventures and Greenpark Capital also participated. Phonebites is the developer of a mobile audio distribution platform called the RAZZ, which allows users to interject sound clips directly into their phone conversations. The company raised $3 million in its first round in January 2005.
Personalized Video Search Engine Firm MeeVee Raises $6.5 MillionAuthored by Mark Hefflinger on February 27, 2006 - 10:38am.
Burlingame, Calif. - MeeVee, a developer of personalized video programming search technology, announced on Monday that it has raised $6.5 million in its second round of venture capital financing. Labrador Ventures led the investment round; WaldenVC, Edmond de Rothschild Venture Capital and DEFTA Partners also participated. Burlingame, Calif.-based MeeVee provides a consumer service that lets users search for, manage and share TV and video programming, as well as a syndication program that lets newspapers, cable operators and other content providers offer MeeVee search on their websites. The site's content includes summaries and episode trailers for TV shows on ABC, CBS, NBC and FOX, as well as hundreds of other cable and satellite channels. The company will use the funds to support engineering, marketing and business development efforts.
tags: Video | Raise | Personalized Video | Personalized Video Search Engine | MeeVee | $6.5 Million |
EGT Raises $8.5 Million in Third Round of Venture CapitalAuthored by Mark Hefflinger on February 27, 2006 - 10:36am.
Atlanta - EGT Inc., a provider of digital video equipment, has raised $8.5 million in its third round of venture capital, with participation from Noro-Moseley Partners, H.I.G. Capital, Sevin Rosen Funds and others. Founded in 2000, EGT offers equipment that allows cable, telco and satellite network operators the ability to deliver more television channels over their existing networks. The company said that it has experienced rapid growth through product deployments at some the largest operators in North America and around the world. The new financing will support operational growth and international expansion and will speed new product delivery for Internet protocol television, the company said.
Online Media Licensing Service inDplay.com Raises FundsAuthored by Mark Hefflinger on February 27, 2006 - 10:33am.
San Francisco - InDplay.com, an online independent film directory and global licensing and rights management service, announced on Monday that it has raised an undisclosed amount of funding, from individual investors including Google CEO Eric Schmidt, publishing heir William Hearst III, Donald Dixon and Rob DeSantis. San Francisco-based inDplay.com is looking to capitalize on increasing demand for content across territories and on new platforms, by creating a secure licensing service that allows buyers of independently produced content to add to their rights libraries, while enabling sellers to reach new audiences.
Loudeye to Raise $8.25 Million in Stock OfferingAuthored by Mark Hefflinger on February 24, 2006 - 11:08am.
Seattle - Loudeye Technologies, a provider of branded digital music stores and other digital media services, announced this week that it plans to raise $8.25 million through a secondary stock offering. The company will use the proceeds for working capital and general corporate purposes. Seattle-based Loudeye laid off an undisclosed number of staff earlier this month, as part of a plan to cut costs by $2.5 million per quarter. The company also said its shares are in danger of being delisted by the Nasdaq, for failing to maintain the $1 minimum listing requirement for 30 consecutive days.
India-based Mobile Entertainment Publisher Mauj Raises $10 MillionAuthored by Mark Hefflinger on February 24, 2006 - 11:06am.
Mumbai, India - Mauj Telecom, an India-based mobile entertainment publisher, announced this week that it has raised $10 million in its first round of venture capital financing. Investors in the round included WestBridge Capital, Intel Capital and Sequoia Capital. Mauj develops and publishes mobile games for cell phones and PDAs, and also distributes ringtones, graphics and other mobile content. The company will use the funds to expand globally in the areas of mobile music and mobile gaming.
Mobile Transaction Firm mBlox Raises $25 MillionAuthored by Mark Hefflinger on February 23, 2006 - 3:09am.
Sunnyvale, Calif. - MBlox, a provider of mobile transaction services, said on Thursday that it has landed $25 million in a new round of funding, led by new investor Trident Capital. Previous investors BA Venture Partners, Norwest Venture Partners, Novus Ventures and Avanti Capital also participated in the round, which the company plans to use to accelerate the rollout of new products and extend its global footprint with acquisitions in Europe and Asia. mBlox provides message delivery and mobile billing services to business, processing over 1 billion mobile business transactions worth approximately $400 million last year.
Wikipedia Offshoot Wikia Raises $4 Million in First RoundAuthored by Mark Hefflinger on February 23, 2006 - 3:07am.
St. Petersburg, Fla. - Wikia, a provider of free online content hosting and licensing services, has raised $4 million in its first round of venture capital, led by Bessemer Venture Partners, Private Equity Week reported, citing a regulatory filing. Wikia was founded in 2004, originally as a project to create a search engine. The company subsequently expanded with Wikicities, with the aim of creating freely hosted, advertising-supported "wiki communities."
Web TV Provider Narrowstep Raises $7.4 MillionAuthored by Mark Hefflinger on February 23, 2006 - 3:05am.
London - Narrowstep, a provider of streaming Internet TV channels, announced on Thursday that it has raised $7.4 million in new funding, through a private placement of its shares with investors. London-based Narrowstep provides delivery of video content over the Internet through its TelVOS platform. The company has launched over 70 channels, for customers including U.K. broadcaster ITV, the Torino 2006 Paralympic Winter Games, Sail.tv, London TV and Cycling.tv. The proceeds will be used to fund the company's business plan and future growth.
Professional Video Game League Major League Gaming Raises $10 MillionAuthored by Mark Hefflinger on February 22, 2006 - 3:46am.
New York - Major League Gaming (MLG), which bills itself as the world's first professional video game league, announced on Wednesday that it has raised $10 million in its first round of funding, from Ritchie Capital. MLG produces an annual seven-city video game tournament tour and championship, augmented by online programming showcasing MLG gamers. New York-based MLG also said that it has hired Matthew Bromberg, former general manager of Moviefone and AOL Games, as its president and COO. "From the very beginning, we've been focused on creating a great competitive experience for players and fans, and a compelling business opportunity for sponsors," said MLG co-founder and CEO Mike Sepso. "This financing will drive rapid expansion of a true media business that will package video game competition for the mass market and provide great upside for everyone who loves this industry."
Digital Audio Chipmaker JAM Technologies Raises $11.3 MillionAuthored by Mark Hefflinger on February 21, 2006 - 6:44am.
Austin, Texas - JAM Technologies, a developer of digital audio amplifier chips for consumer electronics devices, announced on Tuesday that it has raised $11.3 million in its second round of venture capital financing. TL Ventures and Origin Partners led the investment round; Intel Capital, EDBV Management, Launchpad Ventures and Hub Angels also participated. Austin-based JAM develops audio chips used in flat-panel TVs, home theater systems, set-top boxes, portable audio players and cell phones. The company said the funds will be used for product development, to increase production, and to support Asian customers through its new Singapore headquarters.
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