StockTwits, one of those sites that are built around sucking in content from Twitter and present it in a slightly more interesting way, has nabbed $800,000 in Series A funding, courtesy of True Ventures.
Buzznet, which operates the web’s largest community of pop culture web sites with an audience of 40 million unique monthly users, has changed its name to Buzz Media. The newly-named company will focus on the continued growth of its socially programmed web sites, including Celebuzz, Buzznet, the Superficial, SocialiteLife, What Would Tyler Durden Do, Stereogum, Idolator, Just Jared and Absolute Punk.
Buzz Media announced that it has secured a new round of financing totaling $12.5 million. Focus Ventures joined the latest round. Existing investors, including Anthem Ventures, New Enterprise Associates, Redpoint Ventures and Sutter Hill Ventures, also participated in the round.
Buzz Media will use the funds for the continued growth of its portfolio of leading pop culture properties. More than 40 million people worldwide visit Buzz Media properties every month. The company’s pop culture focused portfolio includes leading online music and celebrity destinations.
We are going to use this new investment prudently, to enhance our technology platform and content offerings, add to our current portfolio of publications and expand our Events and Briefings businesses. We are in investing for the long-term — in ourselves.
Digg has raised $28.7 million in Series C funding, which means bigger offices, a bunch of new job openings, and a more aggressive expansion. The latter will include international support, since almost half of Digg’s user hail from outside the US. This means localized versions, starting to appear in early 2009. My guess is that German, Spanish, and French versions are prioritized, for obvious reasons.
Om Malik reports a rumor that founder Kevin Rose got a chance to cash in, and took it:
The rumor I heard is that Digg founder Kevin Rose got to a sell a nice chunk of his shares in the company, a trend that has become quite fashionable among the Web 2.0 set. Several founders have taken money off the table as their companies wait for a bigger payday.
Good for Rose, of course, an probably not something to be upset about. I’d be more worried about the fact that 1% of the users generates 32% of the visits (stats from GigaOM). What happens if/when they get bored with Digg? That Facebook partnership might be crucial, but it might also prove just how hard it is to move from the tech savvy crowd, to the mainstream. And the former usually abandon ship when the latter gets in on the action. Digg is in for a bumpy ride.
Six months ago, a group of venture capitalist companies set up the iFund to promote and fund application development for Apple’s iPhone.
Now, they’ve set up the iFundVC blog, which will be used to keep the public updated on where the $100m is being invested.
There’s only one blog entry at present, and it will be interesting to see how much the site is developed. Particularly as some elements of the funding process are sure to be confidential, I wonder how much is left to talk about.
The design of the blog is certainly basic, but if pushes out interesting information then I don’t really care.