Duck Duck Moose, a San Mateo, Calif.-based company that makes educational smartphone apps for kids, has raised $7 million in Series A funding from Sequoia Capital, Lightspeed Venture Partners and Stanford University. Read more »
Paul Graham of Y Combinator has warned startups they have to be more cautious in the wake of the lackluster Facebook IPO. But did Facebook really pop a venture-financing bubble, or did it just allow some of the steam to escape from an overheated market? Read more »
Does the world need 2 Gbps Wi-Fi connections? Rusnano, Bright Capital and several other venture capital firms think it does. They have invested $79 million in Quantenna Communications to build the chips that will make such multi-gigabit wireless local area networks possible. Read more »
For years, the world of venture capital was largely shrouded in a veil of secrecy. But in the past 18 months, AngelList has started to change that in a big way. The social network for VCs and startups has grown impressively since its February 2010 debut. Read more »
UPDATED. Spotify, the European on-demand music service, has closed on about $100 million in a new funding round from DST, Kleiner Perkins and Accel Partners that values the company at $1 billion. The fresh funding will be put toward Spotify’s highly anticipated US launch. Read more »
Gamification startup Badgeville expects to book $10 million in sales for 2011, its first year in business, according to CEO Kris Duggan. He claims that being the new kid on the gamification block is an asset. “We’ve built this over last year with modern approaches.” Read more »
Just 12 days later the entire Mono team was laid off from Novell, the Mono Project’s founder and lead developer Miguel de Icaza has announced the launch of Xamarin, a new startup that bills itself “the new home of the engineers that created Mono.” Read more »
