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blumberg posts

HootSuite Rakes in Close to $2 Million in New Venture Round

Posted Jan 15th 2010 2:20PM by Tom Johansmeyer (RSS feed)
Filed under: Deals, Internet, Apple Inc (AAPL), Time Warner (TWX), Private Equity, Media World, Technology, AOL (AOL)

The Twitter-verse continues to get interesting. I've always felt that the returns are to be found around Twitter rather than with Twitter itself, and the venture capital community seems to be acting from the same position. Twitter interaction platform HootSuite just announced a new round of venture capital funding, with $1.9 million in fresh money coming in the door to support its growth efforts.

HootSuite, which was started by Invoke Media in November 2008, has evolved into a brand monitoring, file-sharing and social media integration utility. Only a year later, it has attracted more than 300,000 users, from Time (TWX) to Martha Stewart to the White House to Aol (AOL).BloggingStocks is among the Aol blogs using HootSuite.

Continue reading HootSuite Rakes in Close to $2 Million in New Venture Round

After investing in Citigroup, Middle Eastern investors on prowl for more

Posted Dec 2nd 2007 10:10AM by Zack Miller (RSS feed)
Filed under: Google (GOOG), Apple Inc (AAPL), Citigroup Inc. (C), New York Times'A' (NYT), Sony Corp ADR (SNE), , Blackstone Group L.P (BX)

An interesting article over at TheStreet.com reports that commercial real estate investment firm, Blumberg Capital Partners, is readying to launch an investment firm, backed by Middle Eastern investors, to invest in U.S. media companies.

TheStreet.com reports that "the fund would target newspapers, as well as Hollywood movie studios, online media outfits, broadcast news, and possibly radio businesses." According to CEO Philip Blumberg, it appears that the fund would raise about $500 million and with the use of leverage, have purchasing power of three times that amount.

I've noticed recently that even indefatigable Jim Cramer has wondered out loud (as he frequently does) why foreign investors haven't stepped up to the plate to start picking up cheap U.S. companies propelled by high oil prices, a weak dollar, and U.S. companies trading at relatively multi-year cheapness.

We've seen Abu Dhabi recently inject $7.5 billion of capital into Citigroup (NYSE: C), make a 5% investment into Sony (NYSE: SNE), and make a similarly-large investment in the Carlyle Group.

Continue reading After investing in Citigroup, Middle Eastern investors on prowl for more