While some may still cringe at the word (and its overuse), gamification is reaching the tipping point. As Mayfield Fund Managing Director Tim Chang recently wrote in a must-read post, gamification is now moving beyond its early adopting verticals like media and fitness and is no longer content to just play in the realm of consumers and end users. It’s headed to enterprise next.
Badgeville’s vision of a web and business experience being re-shaped by game dynamics is not only being validated by the media, but by investors, too. Earlier this month, mobile gamification startup SessionM raised $20 million from Charles River Ventures, Highland Capital Partners and Kleiner Perkins Caufield & Byers, among others. And today, Badgeville is leap-frogging SessionM, announcing that it has closed a badge-worthy $25 million round of series C financing. → Read More
At TechCrunch Disrupt NYC last May, the unanimous winner of the “Audience Choice” award was a young, Atlanta-based startup called CodeGuard. The startup caught the audience’s attention based on a simple value proposition: To become a “time machine for your website.” In other words, CodeGuard’s free service allows any site owner to back up their website and revert to earlier versions, while monitoring for infections.
After months of tweaking and beta testing, today CodeGuard is officially pulling back the curtain on a new-and-improved service, backed by a fresh $1.3 million in funding from Imlay Investments and a host of angel investors, including Palaniswamy Rajan, Bert Ellis, Tom Noonan, Matt Chanoff, and Merrick Furst. → Read More
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Groupon just announced via its blog that it has acquired Breadcrumb, the creators of an affordable point of sale system and iPad app that targets local restaurants.
While the terms of the deal have not yet been disclosed, Groupon has made a run of acquisitions over the last six months, and this move is likely one being made for talent. Not only that but the daily deals behemoth is looking to create more defined inroads with local mom and pop restaurants in its quest to become “the OS for local commerce,” and adding Breadcrumb and its technology to the team is a step in that direction. → Read More
Last month, San Francisco unveiled a new cloud-based open data site as part of its move to adopt cloud services and, in turn, to encourage open government, transparency and accountability by improving access to data and information. San Francisco is hardly alone — both public and private sectors in the U.S. and around the world are pulling back the curtain on their data. Of course, opening the doors is one thing, but unlocking and making sense of that data? Not quite as easy.
That’s why Santiago and Palo Alto-based Junar has developed a platform that allows businesses, governments, and NGOs not only to unleash their data in order to drive collaboration and enhance transparency, but to remove the headache of having to develop their own proprietary software. And to fuel its initiative, the startup announced today that it has raised $1.2 million in seed funding from Aurus, Austral Capital, and a host of national and Latin American angel investors. → Read More
Today, four-year-old Echo360 already has 1 million students using its blended learning solutions in over 6,000 classrooms and 500 institutions, owns 54 percent of its market, and is seeing annual revenue of $15 million. However, all told, Echo360 is only currently serving about 10 percent of the colleges and universities in the U.S., and, on top of that, its leadership sees big opportunities abroad.
Now, thanks to a big investment from some familiar names, Echo360 is looking to step on the accelerator. The investment comes from the $450 million Revolution Growth fund, founded by Steve Case, Ted Leonsis, and Donn Davis — all well-known entrepreneurs and executives in their own right and each a veteran of Aol leadership. (Case being a co-founder.) The fund, which typically makes $25 to $50 million investments in companies that it can help take “from niche to mass and scale to capitalize on huge market opportunities,” (i.e. disrupt big industries) sank $25 million into Vienna-based online auction company, FedBid, in January. → Read More
10gen, the company behind the increasingly popular NoSQL database MongoDB today announced that it has secured a new $42 million financing round let by New Enterprise Associates. This round also includes participation from existing investors Sequoia Capital, Flybridge Capital Partners and Union Square Ventures. 10gen says that it plans to use the financing to “invest in product development for MongoDB and the MongoDB Monitoring Service (MMS) and to better support its rapidly growing community and user base worldwide.”
Including this round, 10gen has now raised more than $73 million. → Read More
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One more Y Combinator startup from the March 2012 class has bagged a seed round of funding. PlanGrid, which has created a groundbreaking app for the construction industry, has raised $1.1 million from a notable list of backers. They include Suleman Ali, founder and CEO of TinyCo; Sam Altman, founder of Loopt; Paul Buchheit, the creator of Gmail; Matt Cutts, the head of Google’s Webspam team, Ray Levitt, Director of Stanford University’s Construction Engineering department; building-sector-focused Navitas Capital; as well as 500 Startups and Y Combinator itself.
Plus, here’s a twist: the funding marks the first investment in a startup (outside of acquisitions) by the cloud-services company Box, as part of its /bin Box Innovation Network initiative. → Read More
Thanks to health-focused startup accelerators like San Francisco-based Rock Health and New York City-based BluePrint Health lacking intimate familiarity with HIPAA or med school experience is no longer a disqualifier for entrepreneurs looking to enter the health space. There are plenty of problems to tackle, and there’s growth capital to be found.
To that point: One of the first graduates of BluePrint’s healthtech accelerator is a startup called Meddik, which wants to combine the Web’s medical data with advice from regular people (and experts) to create a smart repository for health information. To give it the fuel it needs as it gears up for launch later this summer, the startup is today announcing that it has raised $750K in seed funding from a flock of notable angel and early-stage VCs, including Chris Dixon, Nat Turner, Zach Weinberg, Bob Stern, Vivek Garipalli, as well as Collaborative Fund, Founder Collective, Great Oaks, and Silicon Badia. → Read More
Kony Solutions, the unfortunately named makers of a write once, run everywhere mobile app development platform today announced that it has closed a $15 million series C round of financing. The funding was led by New York City-based venture capital firm, Insight Venture Partners, a 17-year-old firm that has invested in companies like Tumblr, Buddy Media, Wix, Chegg, and Twitter — to name a few. → Read More
BodyMedia, one of the growing number of companies that offers wearable body sensors, just announced that it has raised a $12 million funding round led by Comcast Ventures. The company’s products, including its BodyMedia FIT on-body monitoring system, currently focuses on tracking users’ activity level, but the company plans to use the money raised in this round to focus on products related to chronic diseases like diabetes, as well as remote elder care and sleep disorders. BodyMedia is a new investment for Comcast Ventures. Other investors in this round include Draper Fisher Jurvetson ePlanet, Draper Triangle Ventures, Ascension Health Ventures and InCube Ventures. → Read More
Paddle8, Artsy, Zazzle, and Art.com are all part of a growing contingent of startups that are on a mission to democratize the purchase, discovery, and enjoyment of art by bringing it online.
In August 2010, Boston-based TurningArt joined this cadre of art industry disruptors, launching its own unique spin on the democratization of art commerce with a Netflix-esque model that allows any and all to “rent” and enjoy contemporary art. To support its mission to transform the way people buy artwork, the startups is today announcing that it has raised $1.5 million in funding from a number of institutional and angel investors. → Read More
Quikr, India’s largest online and mobile classifieds portal, announced today that it has raised $32 million in series E financing, led by New York City-based private equity giant Warburg Pincus. The company’s existing investors, which include Matrix Partners, Norwest Venture Partners and eBay, also participated in the funding.
The investment is Quikr’s fifth and largest financing to date, following an $8 million raise in May 2011, led by Nokia Growth Partners, Norwest and eBay. The latest capital infusion brings Quikr’s total funding to $46 million. → Read More
Yottaa, the Boston-based startup that offers cloud-based web performance monitoring and optimization services for small businesses, is today announcing that it has closed a $9 million series B financing round. Each of the startup’s existing investors, including General Catalyst Partners, Stata Venture Partners and Cambridge West Ventures, re-upped for Yottaa’s series B, joined by additional undisclosed investors.
Yottaa’s new round brings its total funding to $13 million and will be primarily allocated towards product development and increasing the rapidity of its product release cycle, as Yottaa gears up to add further features and components to its suite of services that aim to optimize, protect, and monotor websites and critical web apps for organizations of all stripes, but particularly the little guys — startups and SMBs. → Read More
Back in October, GroSocial raised $450K in seed funding from the Kickstart Seed Fund, Monarch Ventures, Rock & Hammer Ventures and a handful of angel investors. The seed funding acted as early validation and fuel for the Utah-based startup, which is on a mission to help SMBs — and organizations that lack the resources to train or hire dedicated social media teams — boost customer engagement and monetization via social media.
Today, the Utah-based social media marketing company has officially received further validation from investors, with the announcement that it has closed an additional $1 million in funding. Each of the investors that participated in the startup’s initial financing have re-upped, along with a handful of newcomers, including HubSpot Co-founder and CTO Dharmesh Shah and HubSpot CMO Mike Volpe. → Read More
A double-whammy in the digital video space today: Avail-TVN, a video services provider that works with companies like NBC, Univision, and brands like Mattel, has announced that it has picked up $100 million in financing led by the Carlyle Group, and it is using those funds to make an acquisition outside of the U.S., buying rival video service provider On Demand Group in the UK from its existing owner, SeaChange International, for $27 million. Avail-TVN says that the deal will make it the largest provider of digital video services in the world.
The move is a sign of how the digital TV industry is already fairly large in its geographical reach, but in many cases is still only providing incremental revenue on top of more traditional TV revenue streams — and so companies that work in this space, which can be capital intensive, are best suited to bulk up their scale to survive.
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Startup accelerators have been taking off in Canada of late, with FounderFuel and Year One Labs opening their doors in Montreal, Extreme Startups off and running in Toronto, and last year, Vancouver got its very own accelerator in GrowLab.
GrowLab, which officially launched last May, has been off to a good start in Vancouver, launching 5 companies since its program began. And, today, the accelerator is ready to announce the five companies chosen to participate in its spring 2012 program, its second cohort, which kicks off tomorrow — along with a new executive director. → Read More
Google got the chance to buy Twitter, but the search giant passed, says Michael Arrington. “Google hasn’t been interested in buying Twitter since they committed themselves to Google+” says Fred Wilson, Union Square Ventures founder and former Twitter board member, in his fireside chat this morning with Arrington at the TechCrunch Disrupt New York conference. [Update: To clarify, I believe Google missed the boat on buying Twitter, while Wilson simply said Google wasn't interested in such a purchase since it committed to Google+. Wilson did not make a value judgement on Google not buying Twitter, nor did he confirm that acquisition discussions ever took place.]
Now Google+ is widely seen as a ghost town, and not buying Twitter could be a mistake that haunts Mountain View for years to come. Wilson has one of the most envied portfolios in venture capital, with Union Square Ventures getting in early on Twitter, Zynga, Etsy, and Tumblr. But the future might not be as bright. “I don’t think I’m going to be very good at investing in the next big thing. I don’t come from it. I didn’t work in it. The next thing isn’t going to be evolutionary. It’s going to be something completely different.” → Read More
This morning AnchorFree, the makers of the popular virtual private network Hotspot Shield, is announcing that it has raised $52 million in series C financing from Goldman Sachs. All in all, this brings the Mountain View-based startup to over $63 million, following the $11 million the company raised in series A and B rounds, dating back to 2006.
As part of its whopping series C round, Goldman is joined by existing investors former chairman and CEO of MCI Bert Roberts, RENN Capital President Russell Cleveland, angel investor Esther Dyson, former president of the Huffington Post Greg Coleman, Doug Maine, the former CFO of IBM, Rick Roth, and Kevin Cook, to name a few. → Read More
The underwriters of Facebook’s $16 billion debut on NASDAQ fought to the finish to keep the company’s shares above last night’s final price of $38 a share. Shares closed at $38.23 today. Sources tell us that the syndicate of banks underwriting the deal have been putting in buy orders to keep its price afloat. For Facebook itself, it’s actually a great outcome as the company didn’t leave any money on the table. But bankers on the wealth-management side of the underwriters are sure to be unhappy. Plus, the company’s tepid premiere is killing the performance of tech stocks across the board.
Basically, what we hear is that the underwriters including Morgan Stanley, JPMorgan and Goldman Sachs, got too pushy in the final days before the IPO about pricing. Earlier this month, the company was slated to open at a $28 to 35 price range, but that range was pushed up to $34 to 38 a share. Then Facebook priced at the very high end at $38 last night.
“The only thing keeping it at $38 are support mechanisms,” a source tells us. “There just wasn’t the institutional investor demand that people thought there would be.” They added that about 20 percent of buying orders seem to be coming from retail investors (e.g. regular people), which is “unprecedented.” → Read More
Facebook shares opened at $42.05, a 10.5 percent increase from its final price last night at $38. Shares are actually currently almost flat at $39.16, which is 3.6 percent higher than $38 the price that underwriters settled on last night. While it may not be as juicy a story, it’s a signal that Facebook’s IPO was priced pretty efficiently and that the company didn’t leave too much money on the table.
Right now, retail investors are getting their hands on the shares. The company’s first trade was actually delayed by 30 minutes on NASDAQ as market makers had issues settling on an opening price. They kept delaying the opening in five-minute increments, which isn’t all that uncommon in popular offerings, according to a conversation we had with Bruce Aust, who is NASDAQ’s executive vice president and head of the global corporate client group, earlier today.
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