Startups fundings: Sungy Mobile, CreativeLive and Redfin + $90 million for their expansion.
As usual, Connectikpeople
recalls that, fundraising is
often needed to scale the company and generate exponential growth.
Henceforth the chinese Android
app maker Sungy Mobile, the mastermind company of Go Launcher, has raised $20 million in funding
from Chinese antivirus software Qihoo360 and Kingsoft. Sungy Mobile filed to go public about two weeks ago with an estimated
valuation of around $300
million.
For those who unfamiliar, Go
Launcher's products include GO Launcher EX, an Android home screen
customization platform, and GO Locker, which lets Android users open apps
directly from the lock screen.
Regarding the San Francisco
and Seattle-based online learning startup CreativeLive, founded in 2010, this startup has raised $21.5 million in a Series B
round led by The Social+Capital Partnership with participation from existing investor Greylock Partners. The company has raised nearly $30 million in the past 16 months.
Redfin ( founded in 2004 , Seattle-based online real estate company), has raised $50 million from Tiger Global, T. Rowe Price, and previous investors including Greylock Partners, DFJ, Vulcan Capital, and Globespan Capital Partners. Redfin provides online real estate search and brokerage services, aiming
to reduce costs for both homebuyers and sellers.
Redfin will use the capital to
focus on increasing its existing marketshare, boosting consumer awareness, and
expanding into new cities. The company has raised nearly $100 million in
funding to date.