Updated: Xoom, the money transfer company, gets a little money of its own: $25M from Sequoia
[Editor's note: Updated with quotes from Xoom's chief executive John Kunze.]
Money transfer company Xoom received a $25 million round of funding today, according to a Form D filed with the SEC. The round comes from existing investors, including Sequoia Capital and Keith Rabois, chief operating officer of payments service Square.
The company allows people from 30 different countries to transfer money to one another without needing a bank account. In lieu of a bank … Continue Reading
Outsourcing platform oDesk brings contractors $179M so far in 2011, talks IPO
oDesk, an outsourcing platform that brokers long-term and short-term contract jobs worldwide is on track to claim 50 percent of the online outsourcing market, the company announced today.
oDesk lets employers find, hire and pay contractors around the world with its online platform. And those contractors earned $179 million through the first 11 months of 2011, the company said, with $22.3 million in wages going out during the month of October alone.
Rumors of an … Continue Reading
Taulia raises $8.5M to help suppliers avert their own debt crises
Taulia, which offers discounts in exchange for timely payments, announced an $8.5 million second round of funding yesterday. DAG Ventures joined existing investors Matrix Partners and Trinity Ventures to lead the round.
In a sluggish economy, San Francisco-based Taulia is offering suppliers an alternative to the traditional – and expensive – modes of external financing. This means suppliers of all sizes can avoid resorting to lenders and keep paying their employees.
And even though borrowing … Continue Reading
Breaking: DAG Ventures raising new $500M fund
Investment firm DAG Ventures is starting a $500 million fund called DAG Ventures V-QP, according to a recent filing with the securities and exchange commission.
DAG Ventures joined the Web 2.0 investment fray around 2006 by backing companies like Podshow, Friendster and Grouper. It has also invested in mobile payments provider Boku and restaurant-discovery site Yelp.
The firm is known for investing in Web 2.0 companies, information technology companies and clean technology companies like Harvest … Continue Reading
