What you need to know - Thursday 01/20/11

Ronny Kerr · January 20, 2011 · Short URL: https://vator.tv/n/161c

Facebook launches app for feature phones; Kabam raises $30 million to take on Zynga

Adteractive, an online advertising company, raised $5.1 million in funding, according to an SEC filing.

Q&A service ChaCha closed $3 million of additional funding including $900,000 of outstanding warrants from new investor Qualcomm Ventures, extending the company's $20 million round from October 2010.

CloudTalk, a free text and voice messaging service, raised $3.8 million in equity and $1.2 million in debt, options, warrants or other securities, according to two SEC filings.

Amazon acquired LoveFilm, a Europe-based movie subscription service, for an undisclosed sum. (Estimates say $200 million.)

Facebook announced that the social network’s mobile app will now be available on over 2,500 feature phones from Nokia, Sony Ericsson, LG and other manufacturers. 

FanBridge, a startup that helps everyone from rock groups to businesses manage their fan relationships, made two big announcements this week: the closing of a $2 million Series A round of financing and the acquisition of Damntheradio.

Kabam, a developer of massively multiplayer social games, raised a $30 million Series C funding round led by Redpoint Ventures and Intel Capital, with participation from original investor Canaan Partners.

 

India-based advertising network Komli Media raised $15 million in funding led by Norwest Venture Partners (NVP), with participation from existing investors Nexus Venture Partners and Helion Venture Partners. 

 LawPivot, a Q&A site focusing on legal questions secured $600,000 in venture financing from Google Ventures, and high-profile angels, including David Tisch from TechStars and Richard Chen, founder of AngelPad. 

As of Wednesday evening, LivingSocial had sold more than one million deals for $10 off of a $20 Amazon gift card—and that was only 12 hours into the promotion, with another 12 hours to go.

Energy efficiency company Scientific Conservation Inc. closed a $15.65 million Series B round led by Barry Schuler, Managing Director of DFJ Growth Fund, with help from DFJ Ventures and the Westly Group.

A survey of 1,800 TV watchers released by SideReel reveals that people are less concerned with checking in and sharing their TV watching habits than they are with just…watching TV

Today's entrepreneur is Arik Waldman, founder and CEO of TekTrak. Like many innovators, Arik compares entrepreneurship to a roller coaster.

vChatter, a Facebook application and standalone site that lets you video chat with friends and strangers, raised an additional $350,000 in funding from a group of angel investors led by Dave Kennedy. 

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Ronny Kerr

I am a professional writer with a decade of experience in the technology industry. At VatorNews, I cover the zero-waste economy, venture capital, and cannabis. I'm also available for freelance hire.

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LawPivot (http://www.lawpivot.com) is a legal Q&A website that enables companies, especially startups, to confidentially receive crowdsourced legal answers from highly qualified lawyers for a fraction of the cost. Additionally, the site allows lawyers to market their legal services by sharing expert advice and engaging in discussions. 
 
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