Reuters News
Cheezburger Network has raised $5 million in new financing, Reuters reported, citing a new filing with the SEC. The social humor company is backed by investors including Foundry Group, Madrona Venture Group, and Avalon Ventures. The company has raised a total of $37 million to date, Reuters wrote.
(Reuters) - Tubular, a small San Francisco start-up that provides analytics for YouTube content creators, has raised $2.5 million in venture capital in the latest sign of how far the business ecosystem has evolved around the Google-owned video repository.
Hulu, the privately held Internet streaming TV service, will generate about $695 million in revenue in 2012 and finish the year with more than 3 million paying subscribers, the company's CEO said on Monday.
Warner Bros Entertainment Inc and MGM Studios Inc have joined forces to invest an undisclosed amount in the privately-held, social and mobile gaming company, Kabam Inc, the games maker said on Tuesday.
When he started looking around for start-ups in which to invest, Dan Scheinman noticed something: twenty-something entrepreneurs building Internet companies usually had a much easier time lining up early financing from venture capitalists compared to their forty- and fifty- something counterparts. Age bias, increasingly acknowledged as a widespread phenomenon in Silicon Valley, has created opportunity too.
U.S. daily deals online firm Living Social Inc is expected to announce on Thursday it is cutting 400 jobs, representing 9 percent of its workforce, as demand for daily deals and emailed daily discounts dries up, the Wall Street Journal reported, citing a source familiar with the plans.
Silicon Valley remains the world's most attractive spot for technology start-ups with other locations around the world catching up, according to a report published on Tuesday.
Redpoint Ventures, the venture-capital firm behind digital-video recording company TiVo and vacation-rental company HomeAway, is raising a $400 million fund, according to a person familiar with the matter.
WiFi products maker Ruckus Wireless Inc. failed to impress in its market debut after higher pricing of its offering tempered investor enthusiasm in a weak U.S. IPO market. Shares of the company fell as much as 8 percent in its debut on Friday, a day after it priced its initial public offering of 8.4 million shares at $15 per share, the top end of its range.
Flash-sales site Zulily raised $85 million in a funding round that values the company at $1 billion, Reuters reported. Zulily, which launched two years ago, focuses on mothers and sells everything from baby products to home-decor merchandise. It expanded to Britain last year. Its latest funding round was led by venture-capital firm Andreessen Horowitz, which invests in e-commerce sites Fab and ShoeDazzle.