Updated: KickApps Raises Over $13 Million Third Round
Update: KickApps released details about the funding, noting that it was the third round, and that closed at $14 million. New investor North Atlantic Capital led the investment, with participation from Prism Ventures, Softbank, Spark and individual investor Jarl Mohn (former CEO of Liberty Digital). Release.
SEE ALSO: KickApps Rumors: Too Early For Now; And No, Not Just AOL
White label social networking service KickApps has raised more than $13 million in a third round funding, peHub reported, citing a regulatory filing. Previous investors Prism VentureWorks, Softbank Capital and Spark Capital participated in the funding, and peHub speculates that an undisclosed investor led the round. KickApps has raised a total of $30 million since its launch in 2006, and competes with other social media platforms like CrowdVine and Ning (a behemoth that has raised more than $100 million over four rounds). A number of companies (including AOL) had been interested in acquiring KickApps over the summer, but the company seemingly has enough money to do fine on its own now.
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Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, kickapps, prism ventureworks, softbank capital, spark capital
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