Vid!, an iOS app that allows user to partially edit and share looping videos, has been launched today with backing from a notable group of angel investors contributing nearly $1.2 million of seed funding.
Angel investors include Masao Tejima, president of OpenTable Japan, Sharmila Mulligan, Silicon Valley veteran hailing from HP and Netscape, David Kellogg, Daniel Terry, CEO, Pocket Gems, among others. The angel round also includes investment from Storm Ventures, Tenex Capital Fund, DBO Capital and the Orrick Venture Fund.Read More
Swedish-British mobile gaming giant King has announced an exclusive deal with Tencent Holdings Limited, the leader in Chinese internet sector, to introduce Chinese version of its all-time hit product Candy Crush Saga. The game will be available this summer to Tencent’s almost 1 billion Mobile QQ and Weixin (or WeChat) Game Centers users combined.
The deal followed successful launches of Candy Crush in South Korea and Japan in 2013, and a recent IPO at NYSE. Riccardo Zacconi, the CEO of King, said in a statement that Tencent has the largest mobile social network in China and is a great partner to work with.Read More
Samsung and Deezer have teamed up to offer the premium music service to Galaxy S5 users. Those who buy the new flagship device by Samsung Mobile will have free access to Deezer’s Premium+ package for a period of 6 months.
Deezer is primarily seeking to beef up its customer base by offering a long trial period for buyers of the rather pricey Galaxy S5. After six months, the users will have to pay the standard fee if they want to continue using the service.Read More
Paris-based digital publishing company Webedia agreed to buy majority stake in Dubai-based media company Diwanee for an undisclosed amount. French publisher who already operates several lifestyle publications in France, Brazil, Turkey, Germany and Spain, has also promised to inject another $5 million into the Arabic media company for an aggressive vertical and geographical growth.
Webedia owns many websites on fashion and glamour, like Purepeople.com or Puretrend.com, that attracts a total of 40+ million unique users. The acquisition of Diwanee represents an aggressive entry in the Middle Eastern digital markets and is expected to add another couple of millions to existing user base instantly.Read More
Google’s media streaming dongle Chromecast is now available in an additional 11 markets, 1o of which being in Europe. In a blog announcement, Google said Chromecast will include European content services in addition to existing mostly US-based ones.
The streaming device that is attached to HDMI port of an HDTV and turns it into a monitor to show your phone, tablet, laptop or built-in Chromecast apps via Chrome browser, can be bought online or in major tech stores in Canada, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Spain, Sweden and the U.K.Read More
MUBI, the unique online cinema platform for cinephiles, raises $7.5 million in series D funding from an eclectic group of individual investors and VCs which included characters such as Boris Johnson, the Mayor of London.
Other contributors to the funding round include Can Serter, Cem Tufekci, Umur Ozal, Martin Varsavsky, Eric Fellner of Working Title Films and a fund MMC Ventures launched together with Johnson, Simon Patterson and Joe Osnoss, the co-head of Silver Lake Partners in Europe.
This last round grew total investor funding in the company to 12 $million. The company says its Android version will arrive this quarter.Read More
Echo Nest will continue working in its present structure, and locations, and its API will be kept free for developers. Though the amount of the deal is not officially disclosed, TechCrunch says it is around $100 million, most of which will be paid in equities.Read More
The platform which is preparing to end its soft-launch period within months, already has an enviablelist of previous investors. These include Jim Moloshok, former president of Warner Bros Digital, Larry Braitman, lead Flixster investor, and Steve Wadsworth, former president at Disney Interactive Group.Read More