Social Networking News

Tuesday, January 24, 2012

MTDC funds pair of MassChallenge finalists
True to its word from last October, MTDC today reports it has provided financial backing for two startups that were in the 2011 MassChallenge field, Libboo and Vsnap.
Bluefin Labs brings in $12M in Series B round
Cambridge startup Bluefin Labs Inc. has raised $12 million in a Series B funding from lead investor Time Warner Investments, the venture financing arm of Time Warner.

Monday, January 23, 2012

Currensee collects $2M more in Series C round
Boston-based currency trading social network Currensee Inc. has bumped up its last funding round by $2 million, federal documents show.

Thursday, January 12, 2012

PlatformQ pulls in $2.4M in Series B funds
PlatformQ LLC, a provider of technology to allow organizations to hold virtual events online, has taken in $2.4 million in a Series B financing round, according to a regulatory filing.

Friday, January 6, 2012

Social commerce firm Moontoast raises $6M
Moontoast LLC, a brand-focused social commerce software startup in Andover, has pulled together $6 million in a funding round led by Nashville venture capital firm The Martin Companies.

Tuesday, October 4, 2011

MocoSpace buys Cambridge's Geocade
Mobile social portal MocoSpace has purchased Cambridge location-based social games platform maker Geocade for an undisclosed amount, according to a release.
InnoCentive keeps adding to $7.5M planned financing
Waltham-based InnoCentive Inc., a developer of an incentive platform technology, has boosted to $3.4 million a previously reported funding round that is planned for a top end of $7.5 million, according to federal documents.

Monday, October 3, 2011

Localocracy bought by Huffington Post
Boston startup Localocracy has been acquired by The Huffington Post Media Group, according to a press release. An online report has pegged the deal as being worth under $1 million.

Tuesday, September 6, 2011

Reddit spun out, Ohanian returns to board
Online content aggregator Reddit.com has been spun out as a wholly owned separate entity by its parent Condé Nast to become Reddit Inc., according to a blog on the Reddit website.
Awareness adds $3M to coffers now, $10M last year
Social media platform play Awareness Inc. has raised $3 million of a targeted $3.29 million new funding round, according to SEC documents, which also show the company had taken in $9.9 million in Feb. 2010.

Monday, August 29, 2011

Hurricane Irene's gone; get back to work
Hurricane Irene did her thing yesterday, even if the damage wasn't as bad as it could have been. Now, the business community has to get back to work, electricity permitting.

Friday, August 26, 2011

Buzzient brings in $1M in first funding
Boston-based startup Buzzient Inc., a provider of social media analytics for marketing, has closed on a first institutional round of funding. The company brought in $1 million of a planned $1.4 million round, according to federal documents.

Thursday, August 25, 2011

Boston techies light up Twitter on news of Steve Jobs’ resignation
After the markets closed yesterday, Steve Jobs sent to the Apple Inc. board of directors a letter stating he was resigning as CEO of the company effective immediately. Reaction in the tech community worldwide was a strong across social media, and no less here in New England.

Friday, August 19, 2011

HubSpot confirms buy of oneforty Inc.
HubSpot Inc. confirmed Thursday the rumored acquisition of social media application site oneforty Inc. for undisclosed terms, continuing its purchase path of Cambridge neighbor companies.

Tuesday, August 2, 2011

Twitter starts buzz with reported $400M VC round
Twitter has confirmed that it has raised “a significant round of funding led by the venture firm DST Global,” a round that observers say is at least $400 million, with some reporting it as high as $800 million.

Monday, August 1, 2011

Brainloop tapped by Twitter for secure collaboration
Brainloop AG, a German secure collaboration software firm with U.S. operations in Cambridge, has landed a deal with Twitter to help make the social networking giant’s internal collaboration system more secure.

Tuesday, July 26, 2011

Second round for eegoes ekes out $1M
Social networking startup eegoes LLC has closed on a $1 million second round of funding, which the company said in a release will be used to complete the development of its portal, eegoes.com.

Wednesday, July 20, 2011

How To Toolbox: How to use social media
Few things have impacted the business world — and society — as has social media. Today any business without a Facebook page and Twitter feed risks being cut off from the most direct access to its clients and customers possible. With that kind of potential, having a plan is vital.

Tuesday, July 12, 2011

BuyWithMe eyes expansion with staff, city markets
As BuyWithMe’s larger group-buying competitors Groupon and LivingSocial pursue initial public offerings, the company is rapidly expanding its footprint in Boston and around the U.S. in its bid to close the gap with the leaders, CEO Jim Crowley said in an interview.

Monday, July 11, 2011

Mobile app startup Floop finds early funding
Floop Inc., developer of a social opinion mobile application, has taken in $325,000 of a planned $500,000 financing of combined debt, securities and options, according to a regulatory filing.