October 31, 2011 : Comments (4)
Google+ Updates Android App, Adds New Design And Other Features
Funding
LinkedIn Adds China Access As Risk In Prospectus
LinkedIn has said that the potential for the service to be blocked in China has been added as a new risk to investors ahead of its IPO, according to Business Week. The company filed a new prospectus on Mar. 11 which states, “The government of the People’s Republic of China recently blocked access to our site in China for a short period of time. We cannot... Read more » Social Web-powered Search Engine Topsy Closes $15M Round Of Funding
Real-time search engine Topsy Labs has just finished up a successful round of Series C funding that brought them $15 million. With the new infusion of money, Topsy is looking remain relevant in the ever-fluctuating social search field. Confident that Topsy is up to the task, past funding partners BlueRun Ventures, Ignition Partners, Founders Fund and Scott Baniste... Read more » Angry Birds Raises $42M in Funding
Fling them birds in the air, because the game that keeps you from falling asleep on the subway every morning just secured a nice little nest egg for itself. Rovio Mobile, the Finnish company behind Angry Birds, has raised $42 million in funding from venture capital firms Accel Partners and Atomic Ventures. Rovio Mobile is also making an addition to their board. Skype... Read more » StumbleUpon Completes $17M Funding Round
Good news, Stumblers: Social discovery engine StumbleUpon has completed a $17 million Series B funding round, which will be used to invest in the company's technology, expand the service to new platforms and hire more employees. Firms which have invested in the company in this round include DAG Ventures and First Round Capital, along with companies who led the... Read more » Kik Announces $8M in Funding, Groups and Pictures
Instant messaging app Kik Interactive is having a good month. They just announced new features like group chat and photo-sharing, and they secured $8 million in funding from Venture Capital groups like RRE, Spark Capital and Union Square. Very exciting for a company that only launched in October 2010. Kik works similar to Blackberry's BBM service and works on... Read more » Facebook Investment Values Company at $65B, Up 15 Percent In 6 Weeks
Investment firm General Atlantic is set to take a small stake in Facebook by buying 0.1 percent of stock in the company. The key point here is that the deal puts the value of Facebook at $65 billion, according to CNBC. The deal has not been given the go-ahead by Facebook as yet, but General Atlantic has come to an agreement with the selling shareholders -- former... Read more » Social Advertising Platform MyLikes Offers iPhone, Android App, Lands $5.55M in Series A Funding
Starting the week off with a bang social advertising platform MyLikes both secured $5.55 million in a round of Series A funding and launched apps for Android and iPhone on Monday. The round, led by Khosla Ventures, will help MyLikes further develop its platform, which focuses on making marketing communications personal and more relevant. In addition to Khosla... Read more »
Fundly Raises $2M From Investors
Fundly, fundraising company, announced that they've secured $2M from investors. The company has already helped raise $200M for its customers, so it's nice to see it doing so well for itself. Fundly says they'll use the funds to further develop their product so they can keep helping caused-based organizations. “Cause-based organizations rely on the support of... Read more »
JP Morgan Hooks Up Digital Growth Fund with $1.2B
Wall Street isn't wasting anytime jumping on the social media bandwagon. With the massive (and seemingly unstoppable) rise in social networks like Facebook and Twitter, it's not a surprise that Wall Street wants in on the action. JP Morgan and Chase Co. rounded up $1.2B for a new digital growth fund, J.P. Morgan Digital Growth Fund LP. The funding is double than... Read more »
Sprout Social Climbs to $50M Valuation With NEA Investment
Every company wants to know how to better connect with their customers. That's something Sprout Social will now do better with the $10 million investment they just received from venture capital firm NEA which gives them a $50 million valuation, according to the Wall Street Journal. The money will help to build up the company's engineering and customer acquisition... Read more »
