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Chobolabs raises $1.3 mln seed funding

Mobile gaming startup Chobolabs has secured a $1.3 million round of funding. The investment was led by Eric Schmidt’s Innovation Endeavors with participation from Maurice Werdegar, XG Ventures, Jim Ellis, Joel Peterson, Bill Meehan, John Kobs, Mac Harman and other angel investors.

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Zuli raises $1.65 mln in seed funding from VC group

Smart home company Zuli has raised $1.65 million in seed funding from investors. Participants in the funding round include Menlo Ventures, Winklevoss Capital, Logitech, DeNA, XG Ventures, FreedomPop CEO Stephen Stokols and Hossein Eslambolchi, former chief technology officer of AT&T.

168 Views

Kamcord raises $7.1 mln

Kamcord said it raised $7.1 million in Series A funding in a deal led by TransLink Capital. The round was joined by SV Angel, DeNA, KLab, M&Y Growth Partners and existing investors Innovation Works, XG Ventures, and Mark Williamson.

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2983 Views

College app Blend raises $2.7 mln, Ohio State students need not apply

New Enterprise Associates has led a $2.7 million seed round in Blend, a San Francisco-based maker of a social networking app for college students. Trinity Ventures, Foundation Capital, Lerer Ventures, Maveron, BoxGroup, XG Ventures and SparkLabs Global Ventures also joined in the seed round. The app is available for students in more than 3,500 universities nationwide, except those from Ohio State University. Blend co-founder and CEO Akash Nigam attended the University of Michigan before dropping out and launching Blend. As such, the company doesn’t allow students from rival school Ohio State to sign up for the app.

VC Landscape Teeming With Ex-Googlers

It’s not unusual to see early executives of a big tech company join the VC ranks. For example, It seems like everyone on the staff of Bellevue, Wash.-based Ignition Partners has ties to Microsoft.

But it’s hard not to notice that many early Googlers are not just investing in startups as individuals, but are forming early stage firms. My colleague Constance Loizos reported yesterday how Merus Capital (whose founders have roots that go back to Microsoft and Google) are in the midst of trying to raise $125 million for its debut fund. And one half of the management team at Javelin Ventures is a former Google executive.

I came across another firm that owes its wealth, and hopeful success, to Google. The firm, called XG Ventures derives its name from the fact that its four partners are ex-Googlers.

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