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Under the radar startup ReadyForce has raised $12.2 million in funding from Menlo Ventures, U.S. Venture Partners, Founder Collective and other investors.
The startup seems to still be under wraps according to its website, which is pretty bare. We do know that ReadyForce was founded by Bill Trenchard, former CEO of LiveOps, and is developing [...]
Mon, March 29 2010 » Uncategorized » No Comments
What do Accel Partners, Andreessen Horowitz, Khosla Ventures and Redpoint Ventures have in common? Besides being tier one venture capitalists, at least one thing: They are all fighting furiously to be the lead investor in Foursquare’s next venture round.
All that competition is driving the valuation massively upwards, too. A couple of weeks ago we’d heard [...]
Thu, March 25 2010 » Uncategorized » No Comments
Startup Wix, which allows users to build flash websites and widgets, has just raised $10 million in Series C funding from Benchmark Capital existing investors Bessemer Venture Partners and Mangrove Capital Partners participating. This round of founding brings Wix’s total funding to $20 million. You can read our initial review of Wix here.
Founded [...]
Wed, March 24 2010 » Uncategorized » No Comments
Made.com, a web-based furniture company, has raised £2.5million from investors to launch its service which connects buyers directly with manufacturers thus cutting out middle men.
The backing comes from Lastminute.com cofounder Brent Hoberman now of mydeco.com, PROfounders Capital (whose investors include Michael Birch ex of Bebo), investor John Hunt and Marc Simoncini through his investment [...]
Sat, March 20 2010 » Uncategorized » No Comments
New York-based hedge fund Elliott Associates L.P. in a letter to Novell’s board of directors dated March 2 offered to purchase the infrastructure software company for a cash price of $5.75 per share, or $1 billion net of the cash on the company’s books.
Elliott Associates at the time said it already owned 8.5 percent [...]
Sat, March 20 2010 » Uncategorized » No Comments
Lots of scuttlebutt around Silicon Valley that new investment bank CODE Advisors is out pitching a MySpace spinoff to potential buyers and investors. Sources include people who’ve actually been pitched.
CODE Advisor partner Quincy Smith says “We have not been engaged by News Corp. or MySpace on a sale of the company.” MySpace also contacted us [...]
Wed, March 17 2010 » Uncategorized » No Comments
Autoquake, an online used car retailer in the UK, has raised another £6 million round of venture capital and venture debt financing from existing investors Accel Partners and Highland Capital Partners. The debt is being provided by Kreos Capital. This is after raising £4m from Accel and Highland only last year. That takes its total [...]
Tue, March 9 2010 » Uncategorized » No Comments
Boston-based DataXu, provider of a real-time online ad bidding and optimization system, has secured $11 million in Series B funding to add to the $7.8 million in financing it raised in an earlier round (April 2009).
The company, which was a finalist at last year’s edition of the TechCrunch50 conference and startup launchpad, raised the additional [...]
Mon, March 8 2010 » Uncategorized » No Comments
It’s been through several owners, legal battles and even the subject of books, but Sex.com will be sold once again in an auction next month. Bids will start at $1 million.
Ownership over the Sex.com domain was the subject of a decade-long legal battle chronicled in not one, but two books. It was sold [...]
Thu, February 18 2010 » Uncategorized » No Comments
