‘venture capital’ Archives
Tween virtual worlds Wooz raises $6 million new funding
Woozworld, a developer of a social game / virtual world for tweens (kids aged 9-14, more specifically), has raised $6 millionin new funding from Telesystem and iNovia Capital along with unnamed angel investors. In addition, Bernard Gershon, former general manager and senior [Read More]
Zeebo raises $17 million in funding for kids game consoles
Zeebo, which started out making low-cost game consoles for emerging markets and is now focused on education, has raised $17 million in equity funding according to an SEC filing. The San Diego, Calif.-based company has previously focused on making game consoles for emerging [Read More]
App search service Quixey raises $3.8 million in venture capital
App search service Quixeyhas just sealed a deal for $3.8 million to power its growth and develop new partnerships. Quixey aims to do something new: It lets users search for mobile, desktop and web apps based on what the app does. The company calls this “functional [Read More]
Tumblr. to raise $100 million on $800 million valuation
Popular blogging startup Tumblr is close to raising between $75 and $100 million, with an incredible $800 million valuation, says the Wall Street Journal. Silicon Valley venture firm Greylock Partners, which has also participated in rounds with Facebook, Groupon and Airbnb, [Read More]
Cybergun invests $50 million in Online Warmongers
Paris-based Cybergun, a maker of fancy toy guns, said today that it has acquired 50 percent of Online Warmongers, the maker of the free-to-play online game War Inc. Battlezone. The company didn’t say how much it paid for the transaction, but we heard from two sources it [Read More]
MakerBot raises $10 million for 3D printers
MakerBot, a start-up that makes (relatively) affordable 3-D printers, has raised a $10 million round led by Foundry Group. Other investors include RRE, True Ventures, and Amazon CEO Jeff Bezos’s personal investment group Bezos Expeditions. Wall Street Journal [Read More]
Tech incubator YouWeb raises $2 million
Technology company incubator YouWeb has spawned incredibly successful social and mobile game companies. Now the Burlingame, Calif.-based incubator has raised $2 million in funding for itself. Venture Beat [Read More]
Google to acquire Motorola Mobility in $12.5 billion deal
Google and Motorola Mobility have announced an agreement whereby Google will acquire Motorola for $12.5 billion. The acquisition price equates to $40 per share of Motorola stock, or a premium of 63% over Friday’s closing price. The move is considered to be an effort that [Read More]
EA invests $100 million in online games – predicts strong holiday season
EA has invested more than $100 million in the development of the online Star Wars title, which it hopes will gain similar success to World of Warcraft. Activision Blizzard‘s mega-popular online game boasts more than 12 million subscribers. “We think it [Read More]
EBay spends $240 million for Zong – use mobile phone to buy virutal goods
EBay Inc.said Thursday that it has completed its $240 million acquisition of mobile payments provider Zong. Zong lets people use their mobile phones to buy virtual goods inside social networks and online games. To use it, they enter their phone numbers, which Zong verifies [Read More]
