Overseas Craigslist rival OLX brings in $5M to fuel rapid growth
OLX, a self-styled Craigslist competitor that has gained traction abroad, announced that it’s raised $5 million in a third-round of capital to continue its expansion in 87 countries and 39 languages. It will use the money to improve its site and beef up its marketing efforts (though calling itself “the largest free classifieds site no one’s ever heard of” might not be the best strategy).
It’s likely that New York and Buenos Aires-based OLX will also… Continue Reading
OLX, a competitor to classifieds site Craigslist, raises $13M
OLX, a company competing with classifieds site Craigslist, but more popular outside of the U.S. than it is here, has raised $13 million in a second round of financing.
The company, based in New York and Buenos Aires, is like Craigslist in that it focuses on urban centers to ensure mass. To gain visibility, it partnered with social networking company Friendster — which has also has more traction outside of the U.S.
The two-year-old company was started… Continue Reading
IGA raises $25 million to capture future in-game ad market
IGA Worldwide, a New York-based provider of advertising that appears within video games, has raised $25 million from a collection of venture capital, private equity and large media firms.
The potential market for in-game advertising is big, even as some analysts trying to measure it are prone to hype. It made only $55 million last year, but is expected to pass $800 million in 2012 with total video game ad spending reaching $2 billion that year,… Continue Reading
Digital Railroad, a management service for photographers, raises $10M
Digital Railroad, a New York company that provides photographers with an archive and tools to manage, market and sell their images, said it has raised $10 million in a second round of funding.
London-based venture firm DN Capital led the round, which included existing investors Morgenthaler Ventures and Venrock Associates.
The funding will also let the company open international offices, starting with Milan.
Originally posted 2/5/07