Posts tagged Funding

Advice Interactive Group Closes First Round of Funding For Local Search Tool by @mattsouthern

Advice Interactive Group provider of Local Site Submit, announced today that it has raised its first round of funding led by Cypress Growth Capital, LLC in conjunction with Silicon Valley Bank. The financing will be used to accelerate the growth of their local search technologies and local business listings management services. Local Site Submit offers a suite of local search tools that help search marketers increase their revenue, and help businesses rank higher in the local search results. CEO Bernadette Coleman explains why this is good news for search marketers: Our goal is to offer the best one stop local […]

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Ad-free Social Network Ello Raises $5.5 Million In New Venture Funding by @mattsouthern

Ello, the new social network that whose mandate is to never display ads or sell user data, just completed a round of venture funding where they raised $5.5 million. Re/code originally reported this news, which they received from Ello CEO Paul Budnitz. According to Budnitz, the funding will be put towards building the back-end infrastructure to better support Ello’s rapidly growing user base. Ello has gained hundreds of thousands of users in only a matter of weeks. Ello is invite only, and At its peak the social network was receiving up to 50,000 invite requests per hour. Ello even had […]

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Reddit Raises $50 Million in Funding, Promises To Share 10% With Its Users by @mattsouthern

Reddit announced this week that they have just closed a $50 million round of outside funding lead by investor Sam Altman, with participation from Alfred Lin of Sequoia Capital and Marc Andreessen of Andreessen Horowitz. It’s interesting to note that Altman is the President of Y Combinator, the incubator responsible for helping with the launch of Reddit. He’s a long-time fan and user of Reddit, and actually participated in an AMA shortly after this news broke. The company explains what this new funding means for Reddit’s future: reddit has had a long and complex history… During all of this time […]

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Hootsuite Raises $60 Million In New Funding, Acquires Zeetl To Integrate Voice Technology by @mattsouthern

Hootsuite announced today that the company has closed a US$60 million financing round, bringing Hootsuite’s total financing to-date to US$250 million. Ryan Holmes, Hootsuite’s CEO, stated in a release: This financing will help us scale even faster on a global level and bring the most innovative products to market. The strong commitment from investors during this time of amazing growth marks an exciting milestone for Hootsuite. With this new funding Hootsuite explains that they will continue growing and expanding to meet the needs of their growing user base, now exceeding 10 million worldwide. As an example of how they have […]

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Contextual Search Engine Vurb Receives $8 Million In Funding by @mattsouthern

Redpoint Ventures has announced they’ve led an $8 million Series A round in Vurb, which has a unique, multi-functional search app in private beta. Vurb organizes information across multiple web apps to help you find what you need without having to sort through a bunch of app windows or browser tabs. Redpoint describes the potential they see in Vurb: Vurb’s enormous potential rests on a breakthrough technology that will make searching the Internet smarter, more consistent, and even seamless across desktop and mobile devices. Imagine being able to plan an evening out without having to jump in and out of apps or […]

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WordStream Raises $12 Million In VC Funding, What’s Next For Them by @mattsouthern

PPC software company, WordStream, announced today that they have raised $12 million in led by Baird Capital of Chicago. “This is the biggest fundraising round WordStream has ever done!” said WordStream CEO Ralph Folz, “As exciting as things have been in the past few years, our team is pumped about what the future holds.” WordStream detailed what they intend to do with the $12M funding. Innovation: WordStream is using customer feedback to drive the new ideas they will be bringing to their product offerings. Examples of those ideas include their Landing Pages and Leads offerings, released at the end of last […]

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