Flixster Raises $5 Million Of Planned $8 Million Second Round; No Sale
-
Comments (View)
- Text Size: A A
-
Email
-
Share
So Flixster finally decided not to sell (or, that no one was willing to pay its blue-sky valuation hopes): the movie-based social service that’s popular on Facebook, has raised $5 million of a planned $8 million second round according to peHUB. The round was led by Pinnacle Ventures, with participation from past backer Lightspeed Venture Partners, which led the company’s $2 million first round.
SEE ALSO: IAC Close To Buying Movie Recommendation Site Flixster: Report
The service kind of resembles Netflix (NSDQ: NFLX), without the DVD rental part—just the peer recommendations. There have been on-again/off-again rumors of an IACI (NSDQ: IACI) takeover, though that’s dead, and the fresh raise confirms that. Reports had said the company was seeking $150 million or more.
Posted In: Entertainment, Movies, Money, M&A & Venture Capital, Venture Capital, Social Media, Companies, Facebook, flixster, lightspeed venture partners, pinnacle ventures
Android Apps (Free)
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: