Socratic nets $6 mln Series A

New York City-based education company Socratic has secured $6 million in Series A funding. Shasta Ventures led the round with participation from Spark Capital and Omidyar Network. According to the company, the capital infusion will be used for growth.

Newshunt grabs Series C funds

India-based local language mobile app Newshunt has raised Rs. 250 crore in Series C funding. Falcon Edge Capital led the round with participation from previous backers Matrix Partners India, Sequoia Capital India and Omidyar Network.


Advertising platform Boostable grabs $3.2 mln

Boostable has received $3.2 million in seed funding. The investors included Morado Ventures, Omidyar Network, SVAngel, Digital Garage, Vast Ventures and Fuel Capital. Based in San Francisco, Boostable is an advertising platform for marketplace sellers.


Startup Andela launches with seed round

Technology company Andela has launched with a seed round of funding. Investors include Steve Case, Omidyar Network, Founder Collective, Rothenberg Ventures, Learn Capital, Melo7 Tech Partners, and Chris Hughes. The size of the round is undisclosed.


Omidyar Network leads Series B funding in Cignifi

Cignifi, which has developed a platform to provide credit and marketing scores for people using mobile phone behavior data, has closed a Series B funding round. The funding, the amount of which was not disclosed, was led by existing investor Omidyar Network. Other participants in the funding included American Express Ventures and other existing investors.


Founders Fund and Andreessen Horowitz leads Series A round for AltSchool

AltSchool said Tuesday that it has closed $33 million in Series A financing. Founders Fund and Andreessen Horowitz led the round with participation from investors that included First Round Capital, Harrison Metal, Learn Capital and Omidyar Network. Headquartered in San Francisco, AltSchool is a network of micro-schools that offers personalized education for children.

Omidyar Names Kubzansky VP Of Intellectual Capital

Omidyar Network said Mike Kubzansky has joined the philanthropic firm in the newly created role of vice president, intellectual capital. Kubzansky will be based in Washington D.C. and lead efforts to analyze trends in philanthropy and impact investing. He was formerly a partner at the Monitor Group.

CouchSurfing Raises $15M From General Catalyst, Menlo, Benchmark, Omidyar

CouchSurfing said it raised $15 million in a Series B round led by General Catalyst Partners and joined by Menlo Ventures and existing investors Benchmark Capital and Omidyar Network. The company has raised a total of $22.6 million in the past year. PRESS RELEASE CouchSurfing Raises $15 Million in Series B, Led by General Catalyst […]

Aspiring Minds Closes Series A

India’s Aspiring Minds has closed on an undisclosed amount of Series A financing from Omidyar Network. Jayant Sinha, a partner at Omidyar, will join the company’s board. The company provides tests to help employers to evaluate students for effective job placement.

Subtext Inks $3M from Google Ventures, Mayfield, Others

Digital reading company Subtext has inked $3 million from Google Ventures, Mayfield Fund, New Enterprise Associates and Omidyar Network. The company’s first product is a reading app for the iPad, designed to include social networking features that lay over standard ebooks.

Prosper Adds $17M, New Backers DFJ & Crosslink

Social lending website Prosper.com has added $17 million in new funding from new investors Draper Fisher Jurvetson and Crosslink Capital, as well as return backers Accel Partners, CompuCredit, Omidyar Network, TomorrowVentures, and Volition Capital. As a result of the round, Tim Draper, founder and managing director of Draper Fisher Jurvetson, and Crosslink General Partner Jerome Contro will join the Prosper board. To date, Prosper has raised $74.85 million in venture capital.

India’s Quikr Inks $8M from Nokia, Norwest, eBay

Indian online and mobile classifieds platform Quikr has closed on $8 million in equity financing. New investor Nokia Growth Partners led the round, which included participation from Norwest Venture Partners and eBay Inc. The company’s classified ad platform operates in 40 cities across India, and sees more than 10 million visitors per month, the company said in a statement. Quikr has also raised money from Matrix Partners India and Omidyar Network.


Facebook Co-Founder Chris Hughes on Gladwell, Palin, ‘The Social Network’ and His New Startup, Jumo

Last week, the New Yorker published a piece by Malcolm Gladwell, in which “The Tipping Point” author argued that “social media evangelists” vastly overstate the value of social media in activism. I disagreed with much of the piece, but more interesting is the perspective of Facebook co-founder Chris Hughes, who led most of the company’s product […]

Enthusiasm High, Numbers Still Murky for Socially Concious VC

Will it become a “real” asset class? Or will it remain merely something that well-intentioned people aspire to turn into one? That’s been the long-running debate around the sector broadly known as socially-conscious venture capital, or double- and triple-bottom line investing. And while adherents may argue that a plethora of dedicated funds, endowments and family […]

D.light Design Raises $5.5 Million

D.light Design, a maker of solar-powered consumer products for families without access to reliable electricity, has raised $5.5 million in Series B funding. Omidyar Network led the round, and was joined by return backers Acumen Fund, Nexus Venture Partners, Gray Matters Capital, Draper Fisher Jurvetson and Garage Technology Ventures.

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