Amazon CEO Jeff Bezos has led a $5 million investment round in Henry Blodget’s website Business Insider, which lost about $3 million last year but has been increasing its audience rapidly. Read more at GigaOM »
Want a coke with that $3 billion valuation? Spotify apparently does: The company just raised an additional $100 million in funding, with Coca-Cola being one of the more notable new investors. Coke has been experimenting with digital music for some time. Read more at GigaOM »
According to the New York Times, Apple has had discussions with Twitter about making a substantial investment in the real-time network. A closer relationship between the two — which has been rumored in the past — would make some sense for both companies. Read more at GigaOM »
Digital publishing company Say Media, which is home to brands like ReadWriteWeb and Remodelista, has raised $27 million in funding. The company will use the funding to acquire more brands and expand its platform. Read more »
Pocket, the web-content-saving company formerly known as Read It Later, has raised $5 million in a Series B funding round and will use the money to expand its platform. The company now has nearly six million users. Read more »
Big Frame is a Hollywood media company dabbling in virtually all portions of the YouTube business model. In addition to representing talents such as MysteryGuitarMan, Destorm Power and Mike Diva, the company produces branded content and operates its own channel, Bammo. Read more »
DramaFever is quickly becoming one of the hottest video services for foreign niche content: The Korean drama service just announced some additional backing from Bertelsmann, AMC and NALA. The company wants to use the money to take on telenovelas and venture into Europe. Read more »
Popular YouTube video channel Machinima.com has landed a $35M round of funding, with Google leading the round. While Google has given its video content partners seed money in the past, this is the first time it’s given big-time VC dollars to one of them. Read more »
Image-sharing site Pinterest is reportedly close to announcing a new funding round that values it at over $1 billion and includes a new social commerce investor. Read more »
The $50-million funding round that Quora recently closed has raised some eyebrows. Is this just another example of a bubble-style atmosphere in Silicon Valley’s venture capital community, or is the crowdsourced question-and-answer site really onto something that could be a multibillion-dollar idea? Read more at GigaOM »
