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Today’s funding news is best read to a bass line. Investors may choose to put their money towards businesses rather than bling, but there is no shortage of hustle and grind or gold diggin’ in the startup world. Yeaahhhhh boy.
TuneIn brings in $16 million for radio application (boom ba doom ba doom)
(Full Disclosure: This reporter almost forsook journalism for a career as a rap star)
Popular radio app startup TuneIn has raised $16 million in new funding to help grow its programming and expand its user base of 40 million, the company announced Monday. TuneIn offers apps across more than 200 devices, with the majority of use coming from smartphones. The service features more than 70,000 live-streaming stations from around the world and 2 million on-demand programs. Today it announced that it hit 40 million monthly active listeners.
The new funding round was led by General Catalyst Partners, with participation from Jafco Ventures, Google Ventures, and prior investor Sequoia Capital. Including the new round, TuneIn has raised $22 million. Read more on VentureBeat.
Oh Snap! HomeSnap gets $3M to give a glimpse into people’s cribz
Billed as “Shazam for Homes,” HomeSnap uses image-recognition technology to identify a property. Users snap a photo and the app draws from a pool of real estate listings, tax records, census data, attendance zones, and geolocation data to provide relevant information, such as appraised value, number of bathrooms, and school zone.
Hearst Ventures gives Nexage $5M in dolla dolla bills (y’all)
Nexage added $5 million to a second round of funding for its real-time bidding platform for mobile ads today, bringing its total Series B to $15 million. Publishers and developers can use Nexage’s system to reach “high-value” consumers in order to increase revenue and engagement. The initial $10 million came in on June 6 and was led by SingTel Innov8. The additional chunk of change was invested by Hearst Ventures, the center capital arm of Hearst Interactive Media. Read more in VentureBeat.
FullCircle raises $3M for its tricked-out, mobile geosocial discovery network
FullCircle sealed the deal on $3 million for a product that fuses every hot technology trend out there into one app. It is a mobile, geo-locating, social discovery network with group organization capabilities that offers targeted advertising opportunities.
That’s a lot of bling. Too bad jargon isn’t valuable like diamonds.
The technology integrates location awareness and social networking so users can interact with other individuals and businesses based on their physical proximity, interests, and preferences. The app identifies similarly minded people in a general area and enables them to come together by forming groups. From within these groups, members can identify other group members, send messages, and coordinate meet-ups.
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