• A Super Angel’s View On Venture Capital In 2015

    A Super Angel’s View On Venture Capital In 2015

    As the first quarter of 2015 draws to a close, it’s clear that the venture capital industry is evolving. Since 2005, thousands of new millionaires have been minted by the IPOs of Alibaba Group, Lending Club, Go Pro, Box, Zendesk, Facebook, Pandora, Zynga, Linkedin, Homeaway, Zipcar and countless others. Read More

  • Naspers Makes Strategic Investment In Craigslist Competitor OLX

    We’ve been hearing recently that South African media conglomerate and recent DST investor Naspers was sniffing around Crasiglist competitor OLX. Today, we confirmed with OLX co-founders Alec Oxenford and Fabrice Grinda that Naspers has made a strategic investment in the online classifieds company. While Buenos Aires-based OLX is not disclosing the amount invested, we’ve heard… Read More

  • OLX And hi5 Join Forces For International Expansion Plans

    OLX and hi5, both challengers to dominating juggernauts in their respective fields (online classifieds and social networking), have teamed up to expose each others’ admittedly vast but geographically spread audience to one another. OLX says it currently boasts 70 million unique visitors each month across 90 countries, largely thanks to existing partnerships with services that have… Read More

  • Craigslist Competitor OLX Scores $5 Million For Online Classifieds

    OLX, the Craigslist for the rest of the world, has raised $5 million in funding from from Nexus Capital India. The company raised $13.5 million in Series B funding in April 2008 from General Catalyst Partners, Bessemer Venture Partners, Founders Fund and DN Capital, bringing the total funding raised to $28.5 million. OLX raised $13.5 million in Series B funding in April 2008 from the same… Read More

  • Microsoft Exits Classified Listings Business

    Microsoft Live Expo, their experiment with classified listings that launched in early 2006, will be shut down on July 31, says a notice posted on the site. New listings have already been suspended. This comes as Craigslist solidifies its position as the top free listings service. Other services like Kijiji (owned by eBay) and Oodle (which recently partnered with Walmart) continue to grow. Read More

  • Craigslist Competitor OLX Raises $13.5M

    According to co-founder Fabrice Grinda, “OLX is probably the largest classified site no one has ever heard of.” And now it’s also the most funded classified site no one has ever heard of, having secured an additional $13.5M in Series B funding today from General Catalyst, Bessemer Venture Partners, Founders Fund, and DN Capital. The round brings OLX’s total funding up… Read More