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Just like Christopher Columbus did 520 years ago, today’s entrepreneurs are forging into the unknown to discover a path for themselves. When embarking upon these risky voyages, the backing of a larger, wealthier entity such as a Spanish kingdom or a venture capital firm is key to pushing off from the port and setting sail. Unlike Columbus, however, these transactions usually remain syphilis- and livestock-free. Usually.
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Pearl.com cracks open $25.7M investment oyster
For its pearls of wisdom, Pearl.com has raised $25.7 million in its second round of institutional financing. The site connects people who have questions with people who can answer them. Inquirers select the type of advice they need, enter their query, and identify the price they are willing to pay. From there, they can have a one-on-one question with a verified professional. This investment comes just four months after the $25 million Series A in June, bringing the total to just over $50 million. Read more on VentureBeat.
Deezer confirms $130M investment rumors, c’est vrai
French subscription music service Deezer has a confirmed $130 million round of funding. Deezer’s inventory consists of 20 million tracks, which users can also download and listen to offline. The music is available on a range of devices, as well as more than 100 million member-created playlists.
The 2 million subscribers actually generate revenue for the company, hence the hefty chunk of change from Access Industries. This funding follows $6.8 million in 2007 and $12.5 million in 2008. It will accelerate Deezer’s 200 country roll out. Read more on VentureBeat.