Items tagged with Funding

Spotify wants to be your go-to service for online music streaming, and with the help of investors who believe in the company's future plans, it just might emerge the winner. In a new funding round led by Technology Crossover Ventures, Spotify added $250 million to its purse, thereby valuing the streaming service at $4 billion. Not bad for a start-up. In fact, Spotify is one of the most funded start-ups of all time, Reuters reports. Even though competition is stiff in the streaming music game, Spotify hasn't had much trouble raising money. The service raised $100 million a year ago from a group of investors that included Goldman Sachs, plus another $100 million during a separate round of funding.... Read more...
Fusion-io is probably one of the most important storage companies that you've never heard of. It won't be placed on Best Buy shelves beside Seagate, Western Digital or Hitachi, but in five years, it may be all the rage. Already, the start-up company (which has ties to Apple's Steve Wozniak) has delivered some of the fastest solid state storage on the planet, and it looks like the company is well on their way to doing that for some time to come.Innovation takes dollars, and thankfully for Fusion-io, their bank account just got stuffed with them. The company has just announced that they have raised another $45 million in Series C financing, led by new investor Meritech Capital Partners, as well... Read more...
Pundits may suggest that now is a terrible time to solicit funding for a brilliant new idea, but we've always heard the only way to survive a recession is to innovate your way out of it. To that end, the micro-blogging phenom Twitter is seeking yet another round of funding as it looks to figure out a definitive revenue model. If you'll recall, the startup last landed a rather massive check in April of 2008, but if you thought that was impressive, get a load of these numbers.MediaMemo is confirming an earlier report from TechCrunch that Twitter is raising a third round of funding that should "double both its valuation and the total amount of cash it has raised." We're told that it's seeking $20... Read more...
A tweet deal for Twitter? Well why not, as they've managed to snag another round of financing.A source familiar with the negotiations tells me that Twitter signed a term sheet for "either $15 million or $20 million" last week. We're still trying to find out who is in, but the word is that it's largely an inside round of funding with one outsider setting the price.On Friday, Valleywag reported that the company was trying to raise a third round of venture funding."There's a lot of interest in the company," says my guy, who is still scratching his head about future business models for Twitter. "It's yet another one of these audience growth stories without any understanding of how they'll turn into... Read more...