True Ventures

Game Developer XPD Media Lands $2 Million

Authored by Mark Hefflinger on July 7, 2008 - 7:30am.

Los Angeles - XPD Media, a start-up that is developing video games for multiple platforms, has raised over $2 million in its first round of financing, PEHub.com reported, citing a regulatory filing.

Video Game Screencast Service WeGame Lands $3 Million

Authored by Mark Hefflinger on March 17, 2008 - 6:17am.

San Francisco - WeGame, a service that allows gamers to capture video while playing and upload and share the results, has raised $3 million in its second round of financing, led by True Ventures, TechCrunch reported.

Casual Games Developer Three Rings Gets $3.5 Million

Authored by Mark Hefflinger on March 5, 2008 - 10:36am.

San Francisco - Casual games developer Three Rings has raised $3.5 million in new funding, led by True Ventures, VentureBeat reported.

WordPress Developer Automattic Gets $29.5 Million

Authored by Mark Hefflinger on January 23, 2008 - 8:03am.

New York - Automattic, the developer of the WordPress blog publishing software, has raised $29.5 million in new financing from Polaris Venture Partners, True Ventures, Radar Partners and The New York Times Company (NYSE: NYT), The Times reported.

WeGame Debuts Video-Sharing for Video Game Screencasts

Authored by Mark Hefflinger on January 11, 2008 - 10:23am.

San Francisco - WeGame this week debuted its service that lets gamers capture video of their gameplay and publish it to the company's website for sharing. The company has so far raised $500,000 from True Ventures and The Hit Forge, TechCrunch reported. San Francisco-based WeGame's service utilizes Microsoft's DirectX technology in an application that can capture "screencasts" for the 16 PC games currently supported. The service then automatically shrinks the resulting video file to a size easily uploaded to WeGame's YouTube-like video-sharing site.

Social Network Goodreads Gets Angel Funding

Authored by Mark Hefflinger on December 18, 2007 - 5:34am.

Los Angeles - Goodreads, a social networking site where users discuss the books they're reading, announced that it has raised an undisclosed sum of new funding from angel investors, led by James Currier, founder of Ooga Labs and Tickle.com.

Tech Blog Publisher GigaOmniMedia Raises $1 Million

Authored by Mark Hefflinger on November 15, 2007 - 8:42am.

Los Angeles - GigaOmniMedia, the publisher of blogs including NewTeeVee and GigaOM, has raised about $1 million in its second round of venture capital financing, from True Ventures and several angel investors, Beet.tv reports.

Online Video Ad Firm BrightRoll Lands $5 Million

Authored by Mark Hefflinger on October 19, 2007 - 10:17am.

San Francisco - BrightRoll, the operator of an online video advertising network, has raised around $5 million in its second round of venture capital financing, PEHub.com reported, citing a regulatory filing.

Online Game Technology Start-up WeGame.com Gets $500,000

Authored by Mark Hefflinger on October 9, 2007 - 6:27am.

San Francisco - WeGame.com, a San Francisco-based, stealth-mode online games start-up, has raised $500,000 in seed funding from True Ventures and The Hit Forge, PEHub.com reported.

Online Video Aggregation Service VodPod Secures Funding

Authored by Mark Hefflinger on July 20, 2007 - 10:50am.

San Francisco - VodPod, a service that lets users collect and organize videos from more than 1,000 video-sharing sites, has raised an undisclosed sum in its first round of venture capital financing from True Ventures, PaidContent.org reported.

Online Chess Community Chesspark.com Secures Funding

Authored by Mark Hefflinger on July 13, 2007 - 11:47am.

West Palm Beach, Fla. - Chesspark.com, an online chess community, said on Friday that it has completed a new investment round with angel investor Jon Callaghan of True Ventures, Burnt Norton, Inc. and Eaglebrook School.