Jul 15, 2008
PR-inside are reporting that Gaia Online, the online community for teens, has secured $11m Series C funding from Institutional Venture Partners (IVP). At a time when eMarketer is predicting the number of teen internet users visiting virtual worlds will jump from the reported 8.2 million users in 2007 to 20 million in 2011.
In January, Time Warner made a strategic investment in the Gaia economy which sees 100,000 transactions each day and Gaia’s forums have already exceeded a billion postings. Other investors in Gaia include: Benchmark Capital, RedPoint Ventures, DAG Ventures, Sony Pictures Entertainment, Time Warner.
www.gaiaonline.com
Tags:
Benchmark Capital,
DAG Ventures,
Gaia Online,
Institutional Venture Partners,
Redpoint Ventures,
Sony Pictures Entertainment,
Time Warner
Jan 9, 2008
Gaia Online, the leading online hangout for teens, announced today that Time Warner Inc. has made a strategic investment in the company in a Series B funding round. Gaia Online is a social environment where teens come to hangout, have fun and express their individuality through customizable avatars, homes and cars; casual games; arenas for creative writing and artwork; discussion forums on thousands of topics; and virtual spaces such as movie theaters, drag races and towns.
“This investment is further validation for the original vision of the Gaia Online founders, who simply setout to create a fun and engaging place for teens to express themselves online,” said Craig Sherman, CEO, Gaia Online. [Read more]
Tags:
Benchmark Capital,
DAG Ventures,
Gaia Online,
Redpoint Ventures,
Sony Pictures Entertainment,
Time Warner
Dec 7, 2007
The New York Post is reporting that the owners of hipster music Web site Stereogum, which include former AOL executive Bob Pittman, former MTV digital guru Jason Hirschhorn and founder Scott Lapatine, have signed a deal to flip their equity stakes in the company to BuzzNet.com.
According to a source close to the transaction, the deal values Stereogum at around $5 million. This source stressed, however, that Stereogum wasn’t being sold outright and that its owners weren’t cashing out of the Web site. Rather, they have simply traded their equity stakes in Stereogum for an ownership percentage of BuzzNet, which is a fast-growing pop culture and music social-network.
Pittman, who now runs investment firm The Pilot Group, Hirschhorn and Lapatine own 100 percent of Stereogum. BuzzNet investors are Anthem Venture Partners and Redpoint Ventures
www.buzznet.com, www.stereogum.com
[Read more]
Tags:
Anthem Venture Partners,
BuzzNet,
Redpoint Ventures,
Stereogum
Oct 11, 2007
Fraudsciences Corp., a Palo Alto, California based startup, has secured $11 million in a second round of funding to develop software that prevents fraudulent credit card purchases.
Fraud Sciences applied technologies and systems enable verification performance of less than 1 fraudulent order per 1000 verified transactions. Fraud Sciences backs their performance with a 100% financial guarantee against fraud chargeback-related revenue losses.
The lead investor was Redpoint Ventures. Previous investor BRM Capital also participated.
www.fraudsciences.com
Tags:
BRM Capital,
Fraud Sciences,
Redpoint Ventures
