South Korea’s Nurien raises $10 million for fashion-oriented virtual world

South Korea’s Nurien raises $10 million for fashion-oriented virtual world

Nurien Software has been making a splash with its demos of virtual characters dressed as fashion models striding down runways in virtual fashion shows. This strategy has helped the company raise $10 million in a second institutional round of funding.

The funding suggests that investors are… Continue Reading

Chinese web video site PPS.TV snags $20M

PPS.TV, a Chinese online video site that attracts over 100 million monthly users, raised $20 million in third-round financing led by LB Investment and including contributions from Ceyuan Ventures and Qiming Venture Partners.

The three-year-old company, previously received backing from Ceyuan and Qiming in 2005 and… Continue Reading

Nurien Software raises $15 million for Asian social networking and gaming service

Nurien Software raises $15 million for Asian social networking and gaming service

Nurien Software, a Korean social networking and online gaming company, has raised $15 million in a first round of venture capital from investors in the U.S. and China.

The company lets users create their own avatars and then socialize in a variety of topic areas. Its… Continue Reading