What you need to know - 02/04/11

Online retail spending in the U.S. last quarter reached record $43.4 billion; Hipmunk raises $4.2M

Technology trends and news by Ronny Kerr
February 4, 2011
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For Q4 2010 in the U.S., online retail spending reached a record $43.4 billion for the quarter, up 11 percent versus year ago, according to comScore.

Cellnovo, developer of a mobile diabetes management system, raised £30 million ($48.4 million) in a Series B financing round led by Edmond de Rothschild Investment Partners (EdRIP).

Earth Aid, a home energy management system, raised $4 million, according to an SEC filing.

Hipmunk, a flight search service that wants to lessen the pain of traveling, raised a $4.2 million round of funding led by Ignition Partners with participation from experts in the online travel space.

Location-based platform LOC-AID Technologies raised $13 million in funding according to an SEC filing


Needle, provider of social commerce chat, has raised $2 million, according to an SEC filing.

Popdust, a editorial website focused on mainstream artists and pop music culture, completed a $1 million Series A round of funding led by Lerer Media Ventues.

Chinese online video company PPLive raised a $250 million Series D round from SoftBank.


Online auction marketplace announced a $10 million investment from Saints Capital and acquired mobile application developer adHUBs.

Storify, a website that allows users to create online narratives out of a compilation of their favorite tweets, videos, and pictures, secured $2 million in financing from Khosla Ventures.


Tremor Media has acquired mobile ad platform Transpera. Terms of the deal were not disclosed.

Vator hosted another successful Vator Splash event in San Francisco. The winner: LaborVoices. Check out our notes from keynotes by Pandora founder Tim Westergren and ngmoco founder Neil Young. Or take a look at the ten finalists.

Related companies, investors and entrepreneurs

Tremor Media
Description: Tremor Media (, the leading online video monetization and advertising company, provides brand advertisers with in-str...
Description: Transpera helps online video publishers create mobile video channels and generate new revenue. Truly personal mobile video is now a r...
Description: We see a tremendous opportunity to provide access to businesses that need to speak with online consumers to close a deal. * We under...
Description: ngmoco are creators and publishers of mobile games such as We Rule(TM), We Farm(TM) and GodFinger(TM) for iPad, iPhone and iPod touch. &...
Khosla Ventures
Angel group/VC
Description: Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potenti...
Description: Pandora, the leading internet radio service, gives people music they loveanytime, anywhere, through a wide variety of connected devices: ...
Bio: Working on next project. Founded ngmoco in 2008, 25+ Top 5 Apps, first company to have top grossing free-2-play iOS titles & Pl...

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