News Archive
11 July 2006
VentureWire
By Clancy Nolan
Sulake Corp. Oy has sealed a EUR6 million ($7.6 million) cash infusion to help put a mobile version of its Habbo Hotel game into the hands of Japanese teenagers. Movida Investment International, a joint venture of SoftBank BB Corp. and broadband entertainment holding company Asian Groove Inc., provided the financing, which closed in June. ..
11 July 2006
GigaOM
By Katie Fehrenbacher
Sulake, the Finnish company behind the popular online virtual world Habbo Hotel, said it will take €6 million euros ($7.7 million) from Japanese Movida Group to both set up a Japanese operation and to push its content onto cell phones. Movida Group is a joint venture between Softbank BB and Asian Groove, an interactive entertainment compa..
10 July 2006
Red Herring
By Benchmark
VCs are showing signs of renewed interest in European Internet startups, with investments announced Monday in Sulake, a Helsinki, Finland-based interactive entertainment company, and CacheLogic, a Cambridge, United Kingdom-based peer-to-peer technology company. Movida Group—a joint venture between Softbank BB, a broadband subsidiary..
30 June 2006
Guardian Unlimited
By John Plunkett
Social networking website Bebo has overtaken News Corporation's MySpace as the most popular online community destination in the UK. Social networking website Bebo has overtaken News Corporation's MySpace as the most popular online community destination in the UK.Bebo leapfrogged MySpace for the first time on Saturday, taking a 12.52% share of ..
28 June 2006
The Sunday Times
By Brian Carey
VETERAN entrepreneur turned venture capitalist Barry Maloney is at least twice as old as the average Bebo user but this hasn’t deterred the 46-year-old from becoming the latest member of its board. Like most people in Ireland, only four months ago Maloney had barely heard of Bebo, the social networking site that allows teenagers to set u..
23 June 2006
Media Life Magazine
By Heidi Dawley
Among social networking sites, MySpace has been dominating the headlines as the top site, particularly since Rupert Murdoch's recent acquisition. How much longer that is so is quite another matter. Social networking is a fickle field in which destinies are rewritten by the day. Bebo, born only 10 months ago, has just nabbed the No. 2 spot a..
22 June 2006
Benchmark press release
By Dan Milmo
The Guardian Benchmark Capital, the venture capital fund that backs Irish pay-TV group Setanta, has joined the race to find the next MySpace.com by making a $15m (£8m) investment in Bebo, the British online networking site. Online networking businesses, where young people post blogs, set up home pages and meet the like-minded, are at..
22 June 2006
Electronicnews.net
by Charlie Taylor
Irish mobile solutions firm NewBay Software has acquired the UK handheld applications developer InAMobile, for an undisclosed sum. The Dublin-based company said on Thursday that the acquisition would significantly enhance its product range and adds leading mobile operators to its customer base. "InAMobile's worldclass handset and mo..
18 June 2006
Red Herring
By Benchmark
WeeWorld received $15.5 million in a second round of funding from Accel Partners and Benchmark Capital, enabling it to grow its digital identity business internationally. CEO Celia Francis said the London-based firm will use the funds to expand its presence in the United States, support further advertising and sponsorship deals, and achieve wh..
16 June 2006
Irish Times
By Robin O'Brien Lynch
Zopa allows internet users to bypass the major financial institutions and buy and sell loans to one another, writes Robin O'Brien Lynch. During a World Cup first round match this week, a soccer fan caught an official match ball booted into the crowd. As the camera zoomed in on the delighted fan clutching his prize, the commentator remarked that t..
14 June 2006
Guardian Unlimited
By Mick Fealty
George Osborne asked yesterday on the BBC's Today Programme: 'Where is the British MySpace?' To which the answer is: 'Why, BeBo, of course!' It's cleaner and neater, and has already outstripped MySpace in the UK and New Zealand and is now one of the biggest websites in Ireland - where a key demographic is already being referred to as the Bebo gener..
06 June 2006
VentureWire
By Staff Reporters
Benchmark Capital has named its first European venture partner in Klaus Hommels, a veteran entrepreneur and angel investor. The firm said Hommels has invested in European technology and media companies including Skype, Midas Player, StarDoll and OpenBC. He was also involved in the setup of Freenet.de and spent several years on its supervisory..
06 June 2006
BUSINESS WIRE
by ScanFree
ScanSafe, Inc., the global leader in managed Web security, today announced it has been named the winner of the Global Excellence in Managed Security Service Customer Trust 2006 award by Info Security Products Guide. Recipients were selected by the more than 18,000 end-users and prospective customers worldwide who were invited to vote for the produc..
05 June 2006
Benchmark press release
By Benchmark Capital Europe
London, June 5, 2006 – Benchmark Capital Europe, a leading early-stage technology venture capital firm, today announced that Klaus Hommels has joined the firm as its first European venture partner. Mr. Hommels will leverage his extensive experience to work with the firm on both new opportunities as well as Benchmark’s current portfolio...
01 June 2006
VentureWire
By Clancy Nolan
With backing from Benchmark Capital, Pageflakes.com has joined the growing number of companies developing personalized home pages that combine news, email, search engines and other features on a single Web page. Pageflakes raised an undisclosed amount of Series A financing from Benchmark, which Chief Executive and co-founder Christoph Janz sai..
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