Picture 4

July brings funding for August Capital: firm raises its sixth fund

August Capital has raised $550 million for a new fund, according to August Partner Howard Hartenbaum. The fund, which is the sixth for the Menlo Park-based venture capital firm, includes $300 million for early stage investments and $250 million for “special opportunities” such as growth equity and buyouts. This is the same structure as August’s previous funds.

Next Issue Media launches with all-you-can-read pricing model

Though digital magazine circulation has increased significantly in recent months, it remains a mere one percent of overall circulation, Ad Age reported last week. A group of five major publishers is hoping Next Issue Media, a company launching its full-feature product tomorrow, can change that.

Gain Fitness grabs $650K to pump up its business

Gain Fitness, developer of an exercise application, wants to make personal trainer-quality workouts available to the masses. The San Francisco-based startup has raised a round of seed funding to develop a marketplace for fitness enthusiasts and professional trainers.

Image (1) Aupeo.jpg for post 229033

VirtuOz raises $7M for virtual customer service

VirtuOz, creator of intelligent virtual agents that provide companies with customer service and tech support, has raised $7M in a new round of funding. The Emeryville, Calif. company, which was founded in Paris, plans to use the investment for growth in both the United States and Europe.

Image (1) eccky-1.jpg for post 248576

Mindflash raises $4M to simplify employee training

Mindflash, creator of a web-based application for online employee training, has raised a new round of funding to help small and medium-sized businesses conduct training and track progress. The investment was led by the Investment Group of Santa Barbara (IGSB), a venture capital firm based in Santa Barbara, Calif.

Next Issue Media launches digital newsstand for Android tablet

Next Issue Media, a consortium of five major magazine and newspaper publishers, launched a preview of its digital storefront today with app versions of seven popular magazines. Available publications include The New Yorker, Esquire, Fortune, Time, Fitness, Parents and Popular Mechanics. For now, the publications will be available as single issues or monthly subscriptions to select users of the Samsung Galaxy tablet.