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May
1
2008

  • Bezos’ Bucks Back Kongregate

     
       
      Print  All Articles              Podcast       <!-- BEGIN listen now odiogo.com #2 -->  Listen to this article. Powered by Odiogo.com  <!-- END listen now odiogo.com #2 -->   
          on 30 April 2008, 12:45
      by Ken Schachter
         
      
     
          <!-- BEGIN listen now odiogo.com #3 -->   
      <!-- END listen now odiogo.com #3 -->  Billionaire investor Jeff Bezos is putting $3 million behind San Francisco-based Kongregate, an online casual games site that draws its content from Indie developers.

    The investment brings Kongregate’s investment total to $9 million, with a $1 million angel round and a $5 million investment by Greylock Partners, a backer of Red Hat, Digg and Facebook.

    The investment by Bezos, founder and chief executive of Amazon.com, comes through his person investment fund, Bezos Expeditions.

    Kongregate competes with companies like Miniclip in trying to build large audiences for casual games offered through an Internet browser. Kongregate, founded in June 2006, offers more than 4,000 Flash and Shockwave games from more than 1,500 developers.

    Kongregate Chief Executive Jim Greer likened the "super-angel" funding round to an insurance policy.
Apr
10
2008

Ustream.tv Inc. of Los Altos, Calif., disclosed an $11.1 million Series A round of funding

www.techconfidential.com/...gridstone-ustream-and-more.php
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success

  • INTERNET

     

    USTREAM
    Online video broadcasting platform Ustream.tv Inc. of Los Altos, Calif., disclosed an $11.1 million Series A round of funding. Investors in the round were DCM and the Band of Angels, both of Menlo Park, Calif., and Labrador Ventures of Palo Alto, Calif. Other Ustream stakeholders include Western Technology Investment of San Jose, Calif., and Infinity Venture Partners Incubator Fund of Japan. Ustream enables individual users to create live broadcasts of events and claims to have gathered more than 2 million users and 250,000 broadcasters since the site was launched in March 2007.

Apr
2
2008


  • Internet

    Vlingo
    Mobile voice search startup Vlingo Corporation has secured a $20 million Series B financing led by Yahoo! Inc. of Santa Clara, Calif. Also participating were existing investors Charles River Ventures of Waltham, Mass., and Sigma Partners of Boston. Cambridge, Mass.-based Vlingo plans to will use the capital for international expansion and product development. Yahoo! will take a seat on the company's board of directors. The Internet portal uses Vlingo's voice-powered interface to enable searches on mobile phones for its Yahoo! oneSearch product. --G.W.
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