Funding roundup - week ending 03/11/11

Post-acquisition/resale StumbleUpon raises $17 million; Topsy gets $15 million for real-time search

Financial trends and news by Ronny Kerr
March 11, 2011
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Seed stage

NextSpace, provider of "coworking space" for full-time and part-time commuters, raised $425,000 in angel funding from a mix of investors.




Beyond Oblivion, a digital music marketplace with grandiose ambitions to disrupt the music industry, has secured a $77 million investment round led by News Corp.

Kik Interactive, creator of the cross-platform text messaging app Kik Messenger, closed an $8 million Series A round of funding led by RRE Ventures, Spark Capital, and Union Square Ventures.

Nimbit, a platform for self-managed artists, managers and labels to interact with fans, raised $1.25 million of funding from Common Angels and Hub Angels.

Offermatic, a free online service that automatically saves people money on everyday purchases, secured $4.5 million in a Series A investment led by Kleiner Perkins Caufield & Byers with participation from Ron Conway and others.

RadiumOne, the latest project of serial entrepreneur Gurbaksh Chahal, closed a $21 million Series B round of funding led by Crosslink Capital, with participation from DFJ Esprit and existing investors Adams Street Partners and Trinity Ventures.

Rovio, the developer most famous for the wildly popular mobile game Angry Birds, raised a $42 million Series A round led by Accel Partners and Atomico Ventures, with participation from Felicis Ventures.

Stack Exchange, a Q&A network of sites formerly known as Stack Overflow, secured $12 million in a Series B round led by Index Ventures, with help from Spark Capital and Union Square Ventures.


Gigya, a SaaS company that makes websites more social, has raised $6 million in its third round of funding.


HubSpot, a marketing software platform for small to medium-sized businesess, raised a $32 million round led by Google Ventures, Salesforce, and Sequoia Capital. Previous investors General Catalyst Partners, Matrix Partners and Scale Venture Partners also participated.

SpareFoot, an online service that helps consumers compare storage facilities in their area, raised $1.5 million in a third round of funding, led by Silverton Partners and Floodgate with participation from Austin technology incubator Capital Factory.

Social discovery engine StumbleUpon secured a $17 million Series B round of funding from Accel Partners, August Capital, DAG Ventures, First Round Capital and Sherpalo Ventures. 

Real-time search engine Topsy closed a $15 million Series C round from all current investors, including BlueRun Ventures, Ignition Partners, Founders Fund, Scott Banister and Western Technology Investments.

Related companies, investors and entrepreneurs

Description: HubSpot is an inbound marketing system that helps your company get found online, generate more inbound prospects and convert a higher per...
Stack Exchange
Description: Headquartered in New York City, Stack Exchange is a fast-growing network of question and answer sites covering a diverse range of topics ...

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