1. Posterous, the blogging platform, has raised $4.4 million in funding
- Details: Posterous, the blogging platform, has raised $4.4 million in funding . The funds are to be used to expand the team and building “even faster”! Founder and CEO, Sachin Agarwal, said “Our goal is to become synonymous with “posting” just like Google is synonymous with “search”.”
- Investors: Redpoint Ventures, Trinity Ventures, SV Angel, Founder Collective, Lowercase Capital, Brian Pokorny, Aydin Senkut, XG Ventures
- Category: Blog
- Link: Posterous Blog
2. SmartDate.com raises $2.2 million
- Details: SmartDate.com a 3 month old social dating site has raised $2.2 million.
- Investors: 360 Capital Partners
- Location: France, Paris
- Category: Dating
- Related Fusion DigiNet article: Smaato Closes $4.5M Financing Round
3. Arkayne raises $1 million
- Details: Arkayne, a developer of interactive marketing software that helps businesses improve their online performance and content strategy, has closed its initial round of Angel funding totaling just over $1 million. The seed round was funded by technology entrepreneurs and investors, including the Arizona Technology Investor Forum (ATIF). Arkayne plans to use the infusion of capital, along with revenue from early enterprise customers to fund its growing team of technology, sales and marketing professionals, as well as build out the organization’s infrastructure.
- Investors: Arizona Technology Technology Investor Forum and others
- Category: Blog, App
- Link: Arkayne Blog
4. Perfect Market raises $6 Million
- Details: Perfect Market, provider of an innovative technology solution that helps publishers create value from their online content, today announced it has raised $6 million of Series C funding. Perfect Market will use the funds to expand its efforts to market and deploy its solution to the broad marketplace of newspapers, magazines, and broadcasters with a web presence and other online publishers.
- Investors: Led by Tribune Company. Existing investors Trinity Ventures, Rustic Canyon Partners and Idealab also participated.
- Location: USA, Altadena, CA
- Category: Advertising, Technology
- Link: Company announcement
5. Bit.ly raises$1.5 million
- Details: Bit.ly, a service that allows users to shorten, share, and track links (URLs), has raised $1.5 million in convertible debt from its existing investors.
- Investors: O’Reilly Alpha Tech Ventures, Social Leverage, The Accelerator Group, SoftTech VC, Ron Conway, Josh Stylman, Pete Hershberg, David Shen Ventures, Jeff Clavier, Mitch Kapor, Howard Lindzon,Chris Sacca, and Founders Fund (Dave McClure).
- Location: USA, New York, NY
- Category: Consumer, Technology
- Links: SEC filing
6. Reply.com files registration statement with sec for an initial public offering
- Details: Reply.com has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its common stock. Jefferies & Company, Inc. and Piper Jaffray & Co. will act as joint book-running managers for the offering with Needham & Company, LLC and ThinkEquity LLC acting as co-managers. The shares of common stock to be sold in this offering are proposed to be sold by Reply! and certain of Reply!’s stockholders. The number of shares to be sold in the proposed offering and the offering price have not yet been determined.
- Financial summary: In the quarter ended December 31, 2009, Reply.com generated over 4.9 million Enhanced Clicks and over 700,000 leads and served over 5,000 advertisers. In the year ended December 31, 2009, Reply.com generated $34.3 million in revenue, $2.5 million of net income, $4.9 million of operating income and $7.3 million of Adjusted EBITDA, compared to $23.3 million in revenue, $3.2 million of net loss, $2.5 million of operating loss and $1.3 million of Adjusted EBITDA in the year ended December 31, 2008, which represents growth in revenue of 47% and growth in Adjusted EBITDA of 452%, respectively.
- Location: USA, San Ramon, CA
- Category: Advertsising
- Link: Form S-1 Registration Statement / Prospectus