Yahoo is looking to buy a piece of Snapchat with an investment that values the hot messaging app at about $10 billion, according to reports. Yahoo is among a number of venture capital firms, including heavyweight Kleiner Perkins Caufield and Byers
The Dodo, a new digital media site with a focus on animals, has raised $4.68 million with backing from Discovery Digital. Initial investors SoftBank Capital, Greycroft Partners, RRE Ventures and Lerer Ventures were part of the round, as well.
On the heels of selling 10 percent of its company to A&E Networks for $250 million last week, Vice said Thursday that it has raised another $250 million through another 10 percent ownership deal with Technology Crossover Ventures.
Snapchat joined the $10 billion startup club, alongside the likes of Uber and Airbnb, according to a Wall Street Journal report. Silicon Valley investment house Kleiner Perkins Caufield & Byers invested in the messaging app based largely on its huge user base, 100 million per month,
AppNexus has picked up $60 million in funding from a "large, Boston-based public equity and asset management firm," per a statement from the ad-tech company, which also revealed that an additional $40 million could be on the way from other investors.
Despite nagging questions about its legitimacy and its future, the hot car service/tech startup Uber just raised $1.2 billion.
You wouldn't think Jesus would be too concerned about his investment portfolio these days, but online trading service Kapitall has tapped Him as a spokesman anyway in a campaign featuring "revolutionary" historic figures. In a series of spots that went live today, Jesus cracks jokes about crucifixion while Che Guevara cooks frittatas and Genghis Khan showers himself with coins. Backed by a $1 million media spend, the online ads also include Leonardo da Vinci (with nude lounging boy toy) and Cleopatra (with frond-waving boy toy). But clearly it's the depiction of Jesus that's bound to arouse the most consternation. In a second spot, not yet posted, Jesus says he learned about Kapitall when God found the site and yelled "JESUS CHRIST!" "Kapitall, and our newly launched advertising campaign, is about being revolutionary," Kapitall CMO Pascal Ehrsam tells AdFreak in an email. "The brand campaign is not meant to be offensive, but to give a nod to some of history's notable icons. Comprising many ethnicities and religions, Kapitall is made up of people from all over the world. We have great respect and admiration for all, even as we strive to entertain." The campaign was created by agency Swell, with media planning handled by PM Digital. It will run through the summer on YouTube, Facebook, Twitter, Google, Yahoo and Gawker Network, generating an estimated 50 million impressions per month. Check out the first Jesus spot below and more from the campaign after the jump.
Tango is the latest messaging app to attract big dollars, with Alibaba Group leading a fundraising roun
Percolate, a social media management firm for brands to track online conversations, announced a $24 million fundraising round today.
Microsoft’s new CEO comes with a fresh deal with Foursquare, boosting the young mobile app company and creating stronger ties between the companies. The two had been growing close, and there were talks last year of Microsoft even buying Foursquare, according to sources.