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Foldera receives additional $1 million funding

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foldera.jpgFoldera, an information organizer and collaboration service for computer users worldwide, announced that Vision Opportunity Master Fund, Ltd., a qualified institutional buyer and prior investor in the company has purchased an additional $1,000,000 of the company’s common stock. On July 27, 2007, via an amendment to the May 4, 2007 agreement, Vision agreed to purchase 6,666,667 shares of common stock at $0.15 per share. On the same day, Foldera’s common stock closed at $0.105 per share, as reported by the OTC Bulletin Board.

Originally posted on July 31, 2007 @ 7:00 am

Entrepreneurs to meet early-stage investors in New York

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fundingpost.jpgFundingPost is hosting a panel discussion with leading early-stage investors at its “Summer Early-Stage Investors Breakfast in New York” event on August 8, 2007. While most investor events deal with venture capitalists and later-stage investors, this event allows early-stage companies a chance to meet local early-stage venture capitalists.

Following the breakfast presentation, two companies will have the opportunity to “pitch” to the entire panel of investors. “It’s a fantastic opportunity for an early-stage company to spend 20 minutes pitching a panel of Investors,” said Joe Rubin, Director, FundingPost. “Early-stage VCs are always on the lookout for great ideas, and FundingPost is proud to provide a forum for these investors to locate promising new ventures. Several of the companies who pitched at our previous events have raised capital. We hear of more success stories all the time.”

Panelists for this event include: Gabriel Baldinucci (VP Corporate Development, Virgin USA); Jed Katz (Managing Director, DFJ Gotham); Divya Gugnani (Vice President, Pequot Ventures); Ryan Zeigler (Investment Manager, Edison Venture Fund); and Skip Besthoff (Principal, Rho Ventures).

Originally posted on July 29, 2007 @ 4:59 pm

Twitter gets funding from Union Square Ventures

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twitter.jpgTwitter today announced through its blog that they have raised funding from Union Square Ventures.

“From some of his early writing about Twitter we had a hunch Fred Wilson was someone we’d get along with. After we met with Fred and his team, we knew we wanted to work together. As Fred’s written in his post about the news, Twitter is going to use this funding to grow our resources and focus on the important tasks ahead,” the Twitter blog post said.

Twitter will also continue to work with Charles River Ventures. No figures were released about the investment from Union Square Ventures.

Originally posted on July 27, 2007 @ 11:22 am

Redfin closes $12 million funding led by Draper Fisher Jurvetson

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redfin_funding.jpgOnline real estate broker Redfin Corporation announced a $12 million series C financing led by Draper Fisher Jurvetson. Madrona Venture Group, Vulcan Capital, BEV Capital and The Hillman Company, investors in previous financings, also participated in this round. Redfin has raised $20.8 million to date. In conjunction with the funding, Redfin launched its online real estate service in the Washington, D.C. and Baltimore areas.

Redfin will use the proceeds to continue national expansion, with plans to open in Chicago this year, and to further the company’s investment in its market-leading website for buying and selling homes.

Since Redfin’s last round of financing in May 2006, the company has completed more than $350 million in real estate transactions, saved its home-buying customers nearly $6 million in commissions, increased revenues by more than 2,000 percent, expanded into four new markets, and been featured on “60 Minutes.” As part of the funding, DFJ partner Emily Melton will join Redfin’s board as a director.

Originally posted on July 18, 2007 @ 11:40 am

Real estate search engine Trulia.com closes $10 financing

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trulia.jpgTrulia.com, a residential real estate search engine that helps consumers find homes for sale that meet specific criteria and make smarter real estate decisions, has secured a $10 million Series C round of funding led by Sequoia Capital. The round also includes previous venture investors Accel Partners and Fayez Sarofim & Co. The investment will fund Trulia’s general operations and enable the company to expand its team of real estate and search technology experts, deepen marketing and sales efforts and develop new products and services aimed at helping consumers make smarter decisions about buying and selling homes.

“Trulia has become the fastest-growing Internet real estate site, with double-digit month-over-month growth and approximately 1.5 million unique monthly visitors. We’re really excited to build on our progress to date and our potential as a media and technology company in the real estate industry to empower consumers and real estate professionals,” said Pete Flint, co-founder and CEO of Trulia.

Originally posted on May 25, 2007 @ 1:41 pm