Daylife Receives $8.3 M in Funding; Round Led by Balderton Capital (Formerly Benchmark Capital Europe).NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Daylife, a news platform that helps publishers add content and context to their news and develop pioneering news experiences and products, today announced that it has completed a $8.3M round of funding led by Balderton Capital, formerly Benchmark Capital Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups, including eBay. In 1995, the firm invested $6.7 million in eBay, which became worth more than $5 billion by the spring of 1999 and resulted in one of Silicon Europe. The investment, which also includes participation from venture capital firm Arts Alliance, will be used to accelerate the company's growth and enhance product development. "Daylife is poised to redefine the way news is delivered and discovered," said Upendra Shardanand, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Daylife. "We are pleased to have the support of Balderton which has an outstanding track record in developing rich media companies." The Daylife platform and API empower publishers to enhance their site with news from around the world and provide new types of experiences for their readers to explore the news. Daylife brings innovation to the publishing industry, creating a new architecture for distribution, discovery and creation of news products. Daylife's connection engine surfaces relations among news and newsmakers, timelines, photos, trends and more. Ynon Kreiz, general partner of Balderton, said, "When we saw Daylife in action, we knew it would radically alter the way news is consumed on the web. Daylife has a highly experienced management team, led by Upendra, and we are delighted to be working with them." About Daylife Daylife provides new ways to explore news and media by creating a platform that enables publishers and developers to add content and context to their news and create revolutionary news experiences and products. Customers include Huffington Post, TreeHugger and The World Economic Forum. DayLife has investment from Balderton Capital (formerly Benchmark Europe). The company is privately held and headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . About Balderton Capital Balderton Capital is one of Europe's largest venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , committed to finding and helping talented entrepreneurs build great companies. Based in London, it manages approximately USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.5 billion in committed venture capital. Since 2000, Balderton has invested in over 70 companies across a wide variety of technology sectors and geographies, including UK, US, China, Russia and Scandinavia. Notable investments include Habbo Hotel (the teen social networking site A Web site that provides a virtual community for people interested in a particular subject or just to "hang out" together. Members create their own online "profile" with biographical data, pictures, likes, dislikes and any other information they choose to post. ), Alphyra (Europe's largest payment processing network), MySQL (the open-source database business), Betfair (the largest online betting exchange), Setanta Sports (Europe's leading sports pay-tv broadcaster) and Bebo (the leading social networking site). Balderton takes a team-oriented approach to venture investing venture investing The acquiring of a stake in a start-up company by a brokerage firm or analyst by obtaining discounted, pre-IPO shares. Critics claim venture investing causes analysts to have a vested interest in seeing a stock appreciate in value and so . The partners combine Silicon Valley operating and company-building experience with a keen understanding of what it takes to build successful businesses in the European technology market. |
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