Tag archive: funding

Jodi Foster is still hopeful that Contact, the 1997 film she starred in, may one day come true. The two-time Oscar award winner is among 2,557 donors who helped SETI (the Search for Extra Terrestrial Intelligence) resume its hunt for intelligent life in the stars. SETI had to halt its operations in April after federal and California budget cuts dried up its funding. The organization has announced that it exceeded its goal of $200,000 and has… Read More

First it was just a game. A game that involved hurling irate birds at egg-stealing green pigs. To the surprise of many, it became a global hit, and in the space of less than two years has been downloaded onto various devices more than 300 million times. Rovio, the Finnish-based company that brought the world the Angry Birds game, has followed up its phenomenal success with a range of themed merchandise that includes shoulder bags, flip-flops and… Read More

The money continues to fly at the Internet’s darlings. Twitter announced on its blog today that it has received “a significant round of funding led by the venture firm DST Global, with the participation of several of our existing investors.” The amount and the conditions of the deal have not been specified, but a report in early July by the New York Times said Twitter was in the process of negotiating a $400 million round that valued the company… Read More

The investment will be used by Parse.ly to increase its sales efforts, hire key staff, develop partnerships and ultimately build new ways in which news and blog content can be distributed and targeted.  Already, millions of users across the web are utilizing Parse.ly technology to connect with content they love. Parse.ly (http://parsely.com) connects its users with recommended content based on their interests. For site publishers, Parse.ly… Read More

TargetSpot plans to use the funds raised to fuel investments in its advertising technology and expand its network. “TargetSpot has been a pioneer in developing the digital audio advertising market. Its early investments created the largest network of its kind, incorporating many of the leading online radio groups and pureplay music streaming companies,” said Fred Wilson, managing partner at Union Square Ventures and TargetSpot board… Read More

Paying people to be your friends online just got a whole lot easier. Dwolla, a peer to peer payment platform, has just announced that its service is now available in all 50 U.S. states and supports Facebook and Twitter, reports the AP. Dwolla is a web service with mobile apps as well. Like PayPal, it allows users to send and receive funds to one another via the net. With its new Facebook and Twitter service, Dwolla users can message or direct… Read More

If enough people think something is worth billions of dollars, does that make it so? The latest valuation of Twitter indicates the company is a lot more valuable than previously thought. Thanks to a bidding war between multiple investors, the value of Twitter has risen from $3 billion to $4 billion in a matter of weeks, reports TechCrunch. The raise in price is due to competitive bidding between Russian firm DST and John Doerr's firm,… Read More

LinkedIn, the social networking site that aims at professionals rather than teens or casual users, has raised $53 million in its fourth round of funding, bringing its total funding to $80 million, and a valuation on the company of $1 billion. Unlike many social networks, LinkedIn is profitable, using premium subscriptions and advertising to make money, making sure it’s very different from the heady days of the dotcom bubble.… Read More