869 posts and columns on funding
News ByteNWay, the two-year-old gaming startup behind the Facebook game Chrono Blade, has raised a $5 million Series A round. Co-founder and CEO Taehoon Kim said TransLink Capital, which led the round, is well connected in Asia and that the action RPG has generated interest from Asian publishers. The company plans to launch new online multiplayer features this week, and will carry those real-time MMO features over to iOS, Android and Ouya ports of Chrono Blade next year — something nWay says is a technological feat for mobile.
News Byterecently raised $50 million in new funding in a round led by Rizvi Traverse Management and Goldman Sachs, will file information about an additional $50 million investment from Rizvi tomorrow, said sources. The expansion of its Series C funding means that Flipboard will have raised about $160 million in total, and puts the valuation of the Silicon Valley startup that makes the popular social reading service that has 100 million active users at $800 million. The possibility of extra funding was first reported by Fortune’s Dan Primack.
News ByteHealthLoop, which provides tools for doctors and patients to stay connected to monitor signs and symptoms between visits, has raised $10 million in Series A funding. The Mountain View, Calif.-based company is the first recipient of investment from the new Canvas Venture Fund, formerly known as the early-stage part of Morgenthaler Ventures.