April 24, 2011
Domains that get Venture Capitalists to fund: electronic shopping services, photo and moving objects applications
If you are trying to raise venture capital for your company, you should know that you first need a strong and profitable business idea they can hook up to. Even though venture capitalists are attracted by many types of businesses, there are some particular fields that hold the mainstream of funding every season. If the first quarter of the year has brought us news on numerous mobile applications successful funding rounds, this month has faced us with successful stories of companies activating in the electronic shopping services, photo applications and moving objects application field.
Decide, a company based in Seattle, producing electronic shopping devices, has managed to raise $6 million in a second round of founding which has been led by Maveron. Madrona Venture Group and several angel investors have also participated in this funding round. The money the company raised is to be used in order to develop the e-commerce platform of the company. The site has been created by Oren Etzioni, the founder of the airfare prediction service Farecast. Although the site is still in stealth mode at this moment, the money raised in this founding round will help them develop it quickly so as for it to be available this spring. Oren Etzioni has declared that the intention of this product is that of â€œbringing unprecedented transparency to electronics shopping.â€
Pixable, a start-up business based in New York, has recently announced that it has managed to raise $3.6 million in a second funding round. The company provides a new way of exploring the photos of your friends through the aid of several types of applications, the most important of which being Photofeed. The iPad version of the Photofeed application has been launched by Pixable earlier this year, at the DEMO conference. The Photofeed application allows you to have quicker access to the photos uploaded on Facebook by your friends based on your previous interest which can be revealed after analyzing the previous photos you have commented on or you have liked. Pixable declared that they have already managed to sort 10 billion photos of the 500,000 persons who use this application. The money raised in this funding round will be used in order to expand the application for iPad, iPhone and Android devices and for creating a similar application which would work for video browsing. This founding round has been led by Menlo Ventures with the participation of Highland Capital, from which Pixable had previously raised $2.5 million.
CrowdOptic, the company based in San Francisco, has raised $1 million for developing an application that allows users to obtain information related to moving objects, such as race cars or baseball players, by taking a photograph of those objects. In order to develop this product, the company has partnered with Moon Express, which is a company that provides lunar transportation service. This founding round has been led by the co-founder of the company and CEO, John Fisher, with the participation of several angel investors and that of some of the companyâ€™s customers.
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Very large market for these services and more are on the way. Much thanks for this info.
Paul Azous, CEO PPM.net
Comment by Paul Azous — May 12, 2011 @ 8:45 am