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Posts tagged 100 Million

Game startups raised $600.5 million in 2009, down 36 percent (via postie)

Dec 21st

Posted by gizmodose in Hi Tech News

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Game startups continued to score big investments in 2009, but the amount of money raised in the year fell considerably compared to 2008.
Our analysis shows that 97 game startups raised $600.5 million in 2009, down 36 percent from a year ago. Last year,we tallied 112 companies which raised more than $936.8 million, not [...]

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Russia’s DST raises stake in Facebook past 5 percent

Dec 17th

Posted by gizmodose in Hi Tech News

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Digital Sky Technologies, the Russian investment firm that has sunk its teeth into both Facebook and social gaming company Zynga, is reportedly raising its stake in the social network past 5 percent.
The Russian newspaper Kommersant reported today that DST raised its investment after buying $100 million in employee shares and a $200 million [...]

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U.S. smart grid market poised to double by 2014

Dec 16th

Posted by gizmodose in Hi Tech News

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The race to build a cleaner, more efficient electrical grid has sparked a diverse, rapidly-growing industry, including traditional utilities, titans of the internet boom like Cisco Systems and Intel, and a crop of startups hoping to hit it big. Now a new report from research firm Zpryme says that if this  market stays on track, it [...]

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More firms buying employee shares — Sequoia follows with $75M Service-now buy

Dec 11th

Posted by gizmodose in Hi Tech News

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Increasingly, startup employees are getting the chance to cash out their shares early, with more investors willing to buy out their stakes. We saw this in the spring when Facebook raised $150 million to buy up employee shares. Now Sequoia Capital says it will invest up to $75 million in IT management company Service-now.com, giving [...]

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Early social network Friendster sold to Malaysian payment systems vendor

Dec 10th

Posted by gizmodose in Hi Tech News

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Kuala Lumpur-based MOL, a payment systems seller known much better in Asia than in America, announced today its acquisition of Friendster, an early-adopter social network founded in 2002 in Mountain View. The Financial Times guesstimates the sale price at $100 million. MOL’s announcement says that it will retain Friendster’s office, but does not comment on [...]

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