Music service Spotify has (probably) raised another $100M

Silicon Valley’s top venture capitalists are reportedly making a big bet on streaming music service Spotify. There have been reports for months that Spotify was raising a big round of funding, and now it has closed a $100 million round, according to a report in AllThingsD, which GigaOm says it has independently confirmed.

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True Ventures is raising a $200M fund

True Ventures, an early-stage venture capital firm founded by some big names in the startup world, is raising a $200 million third fund, according to a filing with the Securities and Exchange Commission.


LiveShare photo app takes off with 4M+ active users

Palo Alto startup Cooliris’ mobile and Web photo-sharing application LiveShare hasn’t attracted as much publicity as some of its competition, like Instagram or Color, but it looks like the app has built a substantial audience nonetheless.

Jim Breyer

Facebook, Groupon investor Accel raises $1.35B

Accel Partners, the firm whose recent successes have put it in the top tier of the venture capital industry, just announced that it has raised two new funds — $475 million for its eleventh venture fund and $875 million for its second growth fund.

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Yahoo wants to navigate the flood of mobile apps

“Discovery” is one of the most common complaints about the ever-growing number of smartphone apps: With hundreds of thousands of apps, how can people find the best one for whatever they’re looking for? Now Yahoo is making an effort to solve the problem, both on your computer with a new Yahoo App Search service, and on iPhones and Android devices with a new Yahoo AppSpot app.

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Ning lets you charge for your social network

Build-your-own social networking startup Ning says it has finally found a business model that works by requiring all of its customers to pay for the service. Now it’s expanding that initiative, by allowing those social networks to charge their members too.

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Pandora shares climb in IPO

It looks like investors still have a healthy appetite for consumer Web companies. Online music service Pandora started trading on the New York Stock Exchange this morning, and as of 10:35am Eastern time, it was trading at $20.75 per share.

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LinkedIn members to get more Klout

It looks like influence measurement startup Klout has completed the social networking trifecta. The San Francisco company announced Tuesday it now incorporates LinkedIn data into your Klout score, as well as Twitter and Facebook.

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Google adds voice search, search-by-image to desktop

Google unveiled a number of improvements to its search products today at its Inside Search event in San Francisco. One of the big changes involves bringing technology that Google has used to improve mobile search to the desktop.


Instagram: We have 5M users, nearly 100M photos

Mobile photo startup Instagram is still growing like crazy, according to TechCrunch. The San Francisco-based company says that it now has more than 5 million registered users, that those users add 896,000 photos per day, and that the service will probably crack 100 million total photos sometime this week.

Facebook makes Sofa its latest manquisition

Facebook’s string of talent acquisitions continued today with the announcement that it has purchased an Amsterdam-based software and design company called Sofa.

No more bad hotel rooms: Room 77 raises $10.5M

Venture capitalists clearly care about the quality of their hotel rooms. Room 77, a startup that helps users find the right hotel room for their needs, just announced that it has raised $10.5 million in a second round of funding.

500 Startups accelerates 21 new companies

500 Startups, the early-stage investment firm created by “super angel” Dave McClure (pictured), just released the list of the second group of companies in its incubator program, the 500 Startups Accelerator.

StockTwits wants to reinvent investor relations

For the past few years, startup StockTwits has been building a Twitter-focused community for stock market investors. Now the San Diego- and New York-based company says it’s ready to start making money.

Groupon is coming to grocery stores

Group-buying titan Groupon’s plans for world domination seem to be rolling along smoothly. Last week, the company filed for its initial public offering. Today, it’s announcing its first partnership with a grocery chain, and its first full integration with a loyalty card system.

Apple’s cloud sure doesn’t look like Google’s

Apple finally threw its hat into the cloud computing ring in a serious way today with a new service called iCloud, which allows users to synchronize their applications and media across all their devices. It’s an ambitious vision, and one that’s about as different as possible from Google’s.

Live coverage of Apple WWDC

Apple’s annual Worldwide Developers Conference keynote, where the company traditionally makes some of its biggest announcements of the year, is scheduled to kick off today at 10am Pacific time.

Groupon CEO to shareholders: Get ready for “a bumpy ride”

You might think that group-buying sensation Groupon would have to repress its tongue-in-cheek sense of humor as it prepares for its its initial public offering — and to some extent, that’s true. But even though Groupon’s IPO filing is dominated by the usual financial numbers and corporate-speak, a little bit of the company’s mischievousness sneaks through.

Groupon files for $750M IPO

Popular group-buying site Groupon just filed for a $750 million initial public offering.

Adobe CEO says the Flash debate is over

Judging from the press coverage of Adobe, you’d think that the big issue for the company is the fate of its Flash technology. However, chief executive Shantanu Narayen said today that the debate is over.

UberMedia raises another $5.6M, denies plans to challenge Twitter

The landscape for Twitter applications may be changing, but that hasn’t scared investors away from UberMedia, the owner of apps like UberSocial, Echofon, and Twidroyd. The Pasadena, Calif. company just announced that it has raised $5.6 million in new funding.