What you need to know - 03/24/11

Ronny Kerr · March 24, 2011 · Short URL: https://vator.tv/n/1881

Color raises epic round from Sequoia and others; Groupon President Rob Solomon is leaving

In an effort to maintain its leadership position amidst rising copycat services, Chegg made changes to its site that nudge the service toward a newer, more ambitious goal than just renting textbooks: it wants to be a fully-featured educational platform.

 

CMP.ly, a solution to encourage transparency and honesty in blogging and within social media, raised $750,000 from Safir Capital, Angel Street Capital, and others.

Color, a new mobile phone app for taking pictures and sharing them socially, has raised $41 million from Sequoia Capital, Bain Capital, and Silicon Valley Bank.

 

In Q4 2010, 29.8 million Americans accessed financial accounts such as bank accounts, credit cards, or brokerages via mobile, according to comScore.

Gilt Groupe, a flash sales site for high end fashion, acquired home decor site Decorati.

Flipboard, the iMag that curates your social content for your iPad reading pleasure, is reportedly raising funds at a hefty $200 million valuation.

Rob Solomon, President and COO of Groupon, is leaving the company.

 

 

InsideView, a company that bills itself as a "social sales and sales intelligence leader," closed a $12 million Series C round led by Foundation Capital.

 

Social commerce site ShopSquad scored $1.25 million in angel financing from a group of Silicon Valley-experienced investors from the company’s advisory board.

Offline Labs, created by Slide's founders and former Google employees and the creator of a new social experience called Sosh, raised a $1 million seed round from several prominent angel investors.

 

Augmented reality platform Total Immersion secured $5,5 million in a funding round led by Intel Capital joined by existing investors Partech, iSource and Elaia Partners.

Today’s featured entrepreneur is Sylvie Leotin, President of Tech Atelier.

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Flipboard

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The world's first social magazine. Flipboard is a fast, beautiful way to flip through news, photos and updates your friends are sharing on Facebook and Twitter. 

Inspired by the beauty and ease of print media, Flipboardʼs mission is to fundamentally improve how people discover, browse and share content across their social networks. 

http://www.flipboard.com/
http://twitter.com/flipboa rd