Lofty valuations aren’t over for everyone — Ning raises $15M, valued at $750M
Ning , a startup that lets users create their own social networks, has raised $15 million in fifth round of venture funding. The news was first reported in BoomTown, and a Ning spokeswoman confirmed the story.
The round, which comes from Lightspeed Venture Partners, doesn’t seem that big, compared to the $119 million that Ning has raised in all. On the other hand, Ning’s new $750 million valuation, however, is very substantial indeed, and runs counter to the conventional wisdom that VCs are forcing startups to accept lower valuations.
Automagically, Ning‘s still binging on money: The social-network-in-a-box startup founded by Marc Andresseen and current CEO Gina Bianchini, has raised another $15 million more…
In a quiet fundraising effort, Ning has raised $15 million more, a round that is valuing the social networking start-up at an eye-popping $750 million valuation.
The money for this fifth Series E round comes from a Silicon Valley venture firm…
Suddenly, it seems VCs are giving a lot of love to online design/presentation/storytelling startups. Just witness these in the last month:
-Animoto: The online video slideshow compilation service got $4.
Venture firms were still shy about making investments in startups during the second quarter of 2009, and the industry as a whole will likely return to 1996 funding levels…
- Andresseen-Backed Ning Gets $15 Million More
- Ning Raises $15 Million More at a–Yes, Really–$750 Million Valuation
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