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The new funding is announced in conjunction with a site redesign meant to make it easier to find services, which start at $5 a pop.
New funds come eight months after the 4-year-old social-sharing startup closed a $225 million round.
Smule raised $16 million in its latest round, even though it didn’t need to raise funding at all. Another atypical step for the atypical startup, which originated when a 40-something went back to college instead of a 20-something dropping out.
The pin-board company has collected $225 million in new financing, and has grown its value by $1.3 billion in the past eight months despite having virtually no revenue.
Harnessing sensors, 3D tracking, wearable devices, and games with a wow factor could transform augmented reality from cool technology to the mainstream within five years.
The scrapbooking site closes a whopper of a funding round and says it will focus on the product and make acquisitions.
The scrapbooking site is reportedly ready to raise more money. Whether it will do so on the lofty terms it wants remains to be seen.
The social site makes its first purchase, choosing the food recipe bookmarking network.
At its annual developers conference, CEO Jeff Lawson said the company's service is now available in 40 countries on six continents, optimized by a global system of distributed data centers.
commentary The Kauffman Foundation recently issued a damning report about its experience with venture investing. The findings are wrong.