Best Buy Invests in Carphone Warehouse

May 8th, 2008 at 12:00 am

best buy

Too bad for TorrentSpy losing that court trial and having to pay $110 million in damages.  Condolences should also be in order for Jangl which we have yet to cover here on TechJournal soon.  However, on the bright side, some startups get some funding and some companies partner with bigger ones too.

We have 3 startups today getting venture capital from VC’s as well as mobile retailers getting a huge investmetn from another retailer.  Everything after the break.


Giant Realm, the entertainment portal geared towards men, has received $2 million in funding from SoftBank Capital. The funds come in addition to the $3.5 million contributed by Comcast Interactive Capital and Edison Venture Fund last month, bringing the total Series A funding to $5.5 million.

Giant Realm is an online media provider that targets men ages 18-34 with content related to video games, movies, television, humor, and music. The company says that it is growing rapidly, with a reach of over 11 million viewers monthly. [TechCrunch]

SlideShare, a company that lets you upload Powerpoint presentations to the web then share them with others, has raised $3 million from Venrock. Its site has been growing increasingly fast since it launched in 2006, chief executive Rashmi Sinhahmi tells me. It now gets 4.5 million unique visitors per month, with more than 400,000 registered users that have uploaded around 300,000 presentations to date. [Venture Beat]

Heroku, the online Ruby on Rails (RoR) development and hosting environment, has raised $3 million from Redpoint Ventures and other angel investors.

The Y Combinator startup aims to make software development more accessible for a wider range of people. It does so by providing a browser-based programming environment that cuts out steps traditionally needed to produce RoR applications. [TechCrunch]

carphone warehouse

Best Buy, the largest consumer electronics retailer in the U.S., is getting into the European cell phone market by taking a stake in retailer Carphone Warehouse.

In an effort to boost its mobile business, the electronics retailer is taking a 50 percent stake in European cell phone retailer Carphone Warehouse. [CNET]


Just another business day really.