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Matrix Partners leads Series A round for Kinnek

Kinnek said Monday that it has received $10 million in Series A funding. Matrix Partners led the round with participation from return backers that included Sierra Ventures, Version One Ventures, Naval Ravikant, CrunchFund and TriplePoint Ventures. Based in New York City, Kinnek helps small businesses find suppliers and manage purchasing.

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Seed Round Valuations Could Fall, Says AngelList’s Ravikant

Accelerators play the role of launch pads for startups, giving them advice, hands-on instruction, visibility and money. They also help contribute to a funding gap that has opened up between concept stage companies and those advanced enough to seek formal seed rounds of funding.

MindMeld Creator Expect Labs Raises $2.4M From KPG, Google, Angels and More

Expect Labs, which recently came out of stealth to announce a voice and video calling app for the iPad that understands conversations in real-time, has raised $2.4 million in funding from KPG Ventures, IDG Ventures, Google Ventures, Greylock Partners, Bessemer Venture Partners and Quest Venture Partners. Several individual investors, including Naval Ravikant, Gil Elbaz and Don Hutchison, also invested. The San Francisco-based company expects to release its app, called MindMeld, in late October.

Lex Machina Raises $2 Million Led by X/Seed Capital

Lex Machina, a Palo Alto-based company that analyzes patent litigation and licensing to help inform its clients IP legal and business strategies, has closed on $2 million in new funding, led by X/Seed Capital. Other participants in the round include Costanoa Venture Capital and numerous individuals, among them AngelList cofounder Naval Ravikant; Cloudera’s chief scientist, Jeff […]

QR Code Company Scan Raises $1.7M Seed Round

San Francisco-based Scan Inc., maker of the popular QR code reader app for iOS, has raised a $1.7 million seed round led by Menlo Ventures. Other investors include Google Ventures, Charles River Ventures, Yuri Milner’s Start Fund, Social + Capital Partnership, Transmedia Capital, Ludlow Ventures. PRESS RELEASE Scan Closes $1.7 Million Seed Funding Led by Menlo Ventures; […]

‘Headless’ Rounds Ride Into Town, Helped by Kevin Rose

On Tuesday, TechCrunch reported that celebrity entrepreneur Kevin Rose has raised $1.5 million for his startup, Milk, from a “wide syndicate of Valley elites.” “Wide” may be understating things. Fully 24 angels participated in the round at what I’m told was a pre-money valuation of $15 million. Among those on the star-studded list: Twitter cofounder Evan Williams, […]

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The .co Domain Registry Gaining in Popularity

The number of .co domains is growing. About 600,000 .co domains have been registered after nearly four months of availability. While that is paltry compared with some 90 million .com addresses spoken for already, the new domain is proving to be popular with startup entrepreneurs. One San Francisco-based entrepreneur, who’s starting a travel-related site and […]

His Brand Burnished, Naval Ravikant Plans New Fund with Babak Nivi

Since AngelList emerged on the scene eight months ago, many have speculated how its founders, Naval Ravikant and Babak Nivi, plan to monetize the service, which vets startups for accredited investors. In June, the Journal even speculated that beyond giving the pair access to companies they might personally want to fund that AngelList helps them to “indirectly market” guides to negotiating a funding round that the two authored some time ago.

Yesterday, Ravikant told me that his ambitions are unsurprisingly more substantial than selling “$10 PDFs” that they also “give away liberally.” Indeed, three years after Ravikant raised a $20 million, social media-focused fund from investors called Hit Forge, he and Nivi are looking to raise a new fund “in the range” of $40 million next year. “We’ll see how much money people throw at me,” he says with a laugh.

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