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Rdio recently collected $17.5 million in funding from a new investor Mangrove Capital Partners. The round also saw some of the earlier backers of the company participate. They included Friis who co-founded the company, Skype and Atomico Ventures. Rdio is a social music startup from the founders of Skype, Niklas Zennstrom and Janus Friis. It [...]

Path was able to raise $8.65 million in a recent funding activity which was its first round of institutional funding. The round was backed by the prestigious venture firm Kleiner Perkins Caufield & Byers and Index Ventures. The company which is based in San Franscisco was co-founded by Dustin Mierau, Dave Morin who is a [...]

Some companies just wish they were half as lucky as others were or even better had as many willing investors as other companies. Recently Facebook announced that it had managed to raise a whole $1.5 billion at a valuation of $50 billion. The recent financing round took the total funding of the site close to [...]

Qwiki closed a series A funding round which managed to raise $8 million. This funding round has interesting investors. Unlike most of other financing ventures, this one was led by an investor rather than a venture capital firm. So who was the lead investor? Eduardo Saverin, the early Facebook co-founder who was pushed out of [...]

Union Square Ventures have revealed that they have raised $165 million in funding. Although the funding activity had been discovered in December 2010 through an SEC filing, the firm refused to talk about it since the round had not yet been concluded. Now that the funding round which was an Opportunity Fund has been concluded, [...]

There is a change at the helm of CrowdStar, a social game company. The current CEO Niren Hiro will be stepping down to pave way for Peter Relan who is the Executive Chairman at the company. According to Relan, Hiro’s departure was an amicable parting. He added that the two parties agreed on the larger [...]

One of the co founders of Posterous has decided that it is high time he moved on to other jobs apart from his current position in the company he helped to found. Garry Tan will be joining Y Combinator as a designer in residence. Tan took part in the designing, engineering and product development in [...]

Personal has announced a Series A funding in which they were able to raise $7.6 million although the SEC filing shows an amount of $7.3 million. The investors who took part in the funding were Grotech Ventures and Revolution LLC with Allen and Company and Eric Semler (TCS Capital Management) chipping in. The main goal [...]

Flock a startup founded in 2005 has been surrounded by troubles for some time.  The social browser failed to gain popularity with users at a time when the concept of “social” did not mean much to people. Finally there is a break in the horizon as Zynga acquires it. The details concerning the acquisition that [...]

Millennial Media the largest independent ad network has succeeded to raise $27.5 million in a recent funding round. The participating investors were Columbia Capital, New Enterprise Associates, Bessemer Venture Partners and Charles River Ventures. With this last round the company has reached a total of $65 million in funding. The other large ad networks were [...]