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VC Firm Founders Fund Closes $250 Million Third Fund

San Francisco - Venture capital firm Founders Fund, which has backed companies including Facebook, Spotify and Quantcast, announced on Tuesday that it has closed its third...

Pixazza Raises $12 Million for Commerce-Enabled Web Images

Mountain View, Calif. - Pixazza, a developer of commerce-enabled Web images, has raised $12 million in its second round of financing, led by Shasta Ventures. Previous backers...

Intel Capital, Limelight Back Gaikai Game Streaming Service

Los Angeles - Gaikai, the operator of a cloud-based video game streaming service, announced on Tuesday that it has received new investments from Intel Capital and...

FanFeedr Gets Funding for Sports News, Virtual Wagering

Los Angeles - FanFeedr, a service that provides sports news aggregation and a social game that includes virtual betting, has raised $450,000 in seed funding from...

Report: U.S. Venture Investment Hits Highest Level Since 2008

New York - Venture capitalists invested $7.7 billion into U.S.-based companies during the second quarter, the highest quarterly total since the third quarter of 2008, according...

Nokia Siemens Buys Motorola Unit for $1.2 Billion

Espoo, Finland - Nokia (NYSE: NOK) Siemens Networks announced on Monday that it will acquire the majority of Motorola's (NYSE: MOT) wireless network infrastructure assets for $1.2 billion. About...

Google Buys Metaweb Open Database of 12 Million "Things"

Mountain View, Calif. - Google (NASD: GOOG) announced that it has acquired Metaweb, the operator of "an open database of things in the world." Financial terms of the...

Freelancer.com Acquires Virtual Content Marketplace Freemarket

Sydney, Australia - Freelancer.com, an online marketplace for outsourcing freelance work, announced on Monday that it has acquired Freemarket.com, a virtual content marketplace. Financial terms of the...

Compass Labs Gets $5 Million for Targeted Social Ads

San Jose, Calif. - Compass Labs, a provider of targeted advertising on social networks, has raised $5 million in new financing, TechCrunch reported. Investors included New Enterprise...

Shares of Digital 3D Cinema Firm RealD Up 22% After IPO

Los Angeles - Shares of digital 3D cinema company RealD (NYSE:  RLD) were up 22% above their initial public offering (IPO) price on Friday, opening...