NYC Angels Grab Market Share
Looking forward to this week’s Disrupt NY 2013, we used the CrunchBase dataset to surface regional trends in US angel funding. Not surprisingly, we found relatively few metros with a substantial number of angel funded companies and the San Francisco Bay Area continues to be a formidable presence. But take a look at NYC (in red) – they’ve gone from 12% of the angel deals in 2008 to 20% in 2013. In fact, NYC appears to the only region with growing market share. What’s more surprising about NYC’s angel activity is that it is not reflected in its general share of venture rounds. When we looked at non-angel investments we found NYC’s share of activity to be relatively flat since 2008. It’s not clear to us what’s driving this, but we suspect others will have some good theories and that bring’s us to the data behind the graphs. To avoid our own Reinhart and Rogoff debacle, we’re publishing all of the data behind these charts. In fact, we’re publishing a significant ...
Payment Platform Startup ZooZ Raises $2M Series A To Add Product Functionality & Build Global Presence
ZooZ, a consumer-driven payment platform startup, announced today that it has closed a Series A funding round for $2 million. The investment round was led by XSeed Capital, and includes ZooZ's existing investors lool ventures and Rhodium, both of which also contributed to ZooZ’s seed round.
Kabam Acquires Exploding Barrel Games, Build Outs Presence In Vancouver
Kabam, a midcore mobile and social developer that ended last year with about $160 million in revenue, just bought Exploding Barrel Games and is expanding its presence out in the Vancouver area. The terms of the deal weren’t disclosed. It follows on a series of other acquisitions including Fearless Studios, Gravity Bear, Wild Shadow Studios and Balanced Worlds — all of which have happened since the beginning of last year. Exploding Barrel Games has already collaborated on one unreleased title with Kabam and will add more than 30 designers, artists and programmers to the company. That will bring Kabam’s total headcount to around 600 people. Exploding Barrel Games, which produced MargaritaVille for THQ, includes developers that have worked on Need For Speed, Skate, FIFA and SSX. Kabam successfully pivoted from the Facebook platform to iOS and Android over the past year with its hit franchise Kingdoms of Camelot. Its mobile game, Kingdoms of Camelot: Battle for the North was first on Apple’s ...
“In The Studio,” Bullpen Capital Anticipated Todays Series A Crunch Years Ago
"In the Studio" welcomes it's first two-guest show ever by hosting two long-time Valley veterans, former founders, investors, seed fund LPs, and executives who, most recently, had the presence of mind to anticipate an investment trend and build an entire investment business around it, ahead of the curve. For Paul Martino and Rich Melmon, both managing directors at Bullpen Capital (along with co-founder Duncan Davidson), all the recent chatter about "The Series A Crunch" validates their initial thesis from three years ago. Back in 2009, the folks at Bullpen saw the delta between the number of seed deals and Series A checks growing, largely because more companies were getting funded. With the hint of an idea for a new fund, Martin, Melmon, and Davidson quickly formed Bullpen and, unlike many talking heads opining on the Series A crunch now, went and put their money and reputations where their mouths were.
Backed By Floodgate, SV Angel & Others, M.dot Launches iOS App For Building Mobile Websites From Your iPhone
M.dot, a startup offering small businesses a way to manage their mobile presence, beginning with mobile websites, has launched. The company is backed by $700,000 in seed funding, having recently closed a seed investment round of $600,000 led by Floodgate. The round also saw participation from SV Angel, Sean Jacobsohn, a partner at Emergence Capital, and Harris Barton, the SF 49ers football star-turned-investor. TechCrunch co-founder Keith Teare's Archimedes Labs is also an investor in M.dot.