04012014socialmedia
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Venture’s social media superstars: VCJ

Which venture capitalists have the most followers on Twitter, the highest Klout scores, more tweets than anyone else? Refinements in both the sites and how we use social media are increasingly turning it into a targeted marketing tool for communicating with entrepreneurs, building relationships, creating personal brands and improving portfolio company visibility.

Finland-based Next Games snares $6 mln

Next Games has received $6 million in Series A funding. IDG Ventures and Jari Ovaskainen led the round with participation from Lowercase Capital, AMC Networks Ventures and York Ventures. Based in Finland, Next Games is a games developer.

Getable Closes Second Funding Round

Getable has closed a second financing, totaling $1.8 million. This brings total funding for the company to $3.2 million. Investors include Andreessen Horowitz, Founder Collective, Promus Ventures and Chris Sacca of Lowercase Capital.

Ancestry.com Purchases 1000memories

Online family history resource Ancestry.com has acquired San Francisco-based startup 1000memories. Founded in 2010, 1000memories makes it easy to digitize and share photos and stories from the past. The business was funded by angel and institutional investors, including Greylock Partners, Y Combinator, SV Angel, Founder Collective, and Lowercase Capital.

Locu Raises $4 Mln Round led by General Catalyst Partners

General Catalyst Partners has led a $4 million series A round for Locu. Chris Sacca’s Lowercase Capital, Lightbank and SV Angel participated, while Naval Ravikant and Babak Nivi of AngelPool, Quotidian Ventures, and Matt Ocko of Data Collective also took part in the round. With offices in Cambridge, Mass. and San Francisco, Locu is building […]

Menlo Ventures Leads Uber Series B–CORRECTED

An earlier version of this statement contained inaccurate information that was provided to peHUB. According to the VC’s site, “Menlo Ventures leads a $32m Series B investment in Uber, an on-demand car services company that is revolutionizing personal transportation.” An earlier version of this story mis-stated the round and value of the investment.

Turntable.fm Bags New Round

Music Site Turntable.Fm has raised $7.5 million and is adding Union Square Ventures’ Fred Wilson to its board. Union Square Ventures led the round in Turntable, which was widely rumored earlier. Other investors include First Round Capital, Polaris, Lowercase Capital, Benchmark, and angels including Troy Carter, Tim Kendall, Guy Oseary and Vivi Nevo.

Backupify Secures $5M Series B

Cambridge, Mass.-based Backupify has closed on $5 million in a Series B round led by Avalon Ventures. The company provides data protection and management services for cloud-based applications. General Catalyst and Lowercase Capital also contributed to the round, bringing the company’s total financing to date to $10.4 million.

Greycroft Partners Adds a New VC: Ellie Wheeler

Ellie Wheeler thought she’d be a doctor one day. Instead, she’s just become the newest member of Greycroft Partners in New York. It’s been a circuitous journey. After one semester at UMass’s medical school, Wheeler, who’d majored in psychology at Georgetown, realized she’d rather put her old finance classes to use instead. A posting she […]

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