OLX raises $5m for Online Ads

OLX has succeeded to raise $5million in C series funding from different investors including DN Capital, General Catalyst Partners, Founders Fund and Bessemer Venture Partners. During April 08, these guys raised nearly $13.5m in B series funding from the same above stated investors.

continue reading

Facebook founder to join local venture capital firm

Chris Hughes, a founder of Facebook Inc. who later deployed the website My.BarackObama.com to build an online network for the presidential campaign, will be joining the Cambridge venture capital firm General Catalyst Partners as an entrepreneur in residence.The move is a part of the firm's effort to build a new generation of digital media

continue reading

Should Web 2.0 startups seek venture capital?

Web 2.0 startups shouldn’t bother seeking VC money, according to Neil Sequeira of General Catalyst Partners, because “there have not yet been these type of exits that generated venture capital type returns”.

continue reading

Web-based Mobile Advertising service ‘JumpTap’ r

JumpTap raises $26 million in Series D funding round. The angel funding is supported by AllianceBernstein (AB) along with the contribution of all exiting investors such as General Catalyst Partners, Summerhill Venture Partners, Redpoint Ventures, Valhalla Partners, and ad conglomerate WPP.

continue reading

As VC’s Go Green: Venture Backed IPO’s Hit 30 Year Low

In the Cambridge and Boston area “GreenTech” start-ups including Mascoma, GreatPoint Energy and GreenFuel have seen investments from (patient) investors including General Catalyst Partners, Polaris Ventures, Khosla Ventures and Kleiner Perkins Caufield & Byers.

continue reading

Craigslist Competitor OLX Raises $13,500,000

According to co-founder Fabrice Grinda, “OLX is probably the largest classified site no one has ever heard of.” And now it’s also the most funded classified site no one has ever heard of, having secured an additional $13.5M in Series B funding today from General Catalyst, Bessemer Venture Partners, Founders Fund, and DN Capital.

continue reading

Big Money for the YouTube of China

The Chinese version of YouTube landed $19mm in funding from heavy-hitters General Catalyst Partners, reported the Red Herring yesterday. Only will tell if a country-focused offering brings any value, even in a market as big as China.

continue reading

Investors Shy Away from Web 2.0 Start-Ups

"Web 2.0 refers to Web sites that focus on user-generated content and mash-ups, such as Digg, YouTube and Flickr. Start-up companies in this category do not need as much money as start-ups did during the Internet boom of 1999, according to Neil Sequeira of venture capital firm General Catalyst Partners."

continue reading

Laszlo Systems Announces $8M Funding Round

New investor WI Harper Group led the $8M round completed last week, joining existing investors General Catalyst Partners, Sofinnova Ventures, Mitsui & Co. Venture Partners, and other private investors.

continue reading