Here’s what crossed our radars this week:
Visa Invests in Square
Visa has made a strategic investment in mobile payment startup Square. Visa’s investment provides a stamp of approval for Square, which provides business owners a credit card reader for their mobile phones. The amount of the investment was not disclosed.
Digg Co-founder Raises $1.5 Million for New Company
Digg co-founder Kevin Rose raised $1.5 million in angel funding for Milk, an incubator and development lab for mobile app ideas. Rose has amassed an all-star list of investors, including Tony Hseih (CEO, Zappos), Joshua Schachter (Co-founder, Delicious), Ev William s (co-founder, Twitter), Ashton Kutcher, Gary Vaynerchuk, Dave Morin (Facebook), Mike Maples (Floodgate Fund) and David Sze (Greylock Partners).
99designs raises $35 million round led by Accel Partners
99designs, a marketplace for graphic design, raised a whopping $35 million first-round investment. The round was led by Accel Partners and included angel investors such as Dave Goldberg (CEO, Survey Monkey), Stewart Butterfield (co-founder, Flickr) and Micheal Dearing (former SVP of eBay).
Further News
- PapayaMobile, a platform that provides tools to developers to create social and mobile games, raised $18 million in Series B funding from Keytone Ventures and DCM.
- Magnet Systems, a social enterprise startup, raised $12.6 million in a round led by Andreessen Horowitz
- ScoreBig, a new site for finding concert, sports and theater tickets, scored a $14 million series B round led by U.S. Venture Partners.
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