startup

Two More Highly Valued Internet Startups Secure Funding

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December 7, 2012

This week two large rounds were announced for Internet platform providers, specifically Evernote and 1stdibs (first dibs). Evernote, which runs a notes-recording and publishing platform, confirmed that it raised USD 70 million in a deal that valued the web-based notes company at a billion dollars, according to TechCrunch.

 

The Series D  round for the software company is meant to  fund international expansion that will include China, some M&A activity, and the development of business-oriented accounts, as well as better technical and customers support features.

 

Elsewhere, the high-end antiques marketplace 1stdibs raised USD 100 million this year from Benchmark Capital, Spark Capital, and Index Ventures, according to PE Hub. The investors hope that 1stdibs can increase profits by improving the underlying technology and business processes.

 

Today the platform connects buyers and sellers and they transact offline, and handle things like logistics themselves. The founders say the plan to add support for logistics and payments and other services for the high end market niche that the 11 year old web service company has successfully established.

 

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