Social media platform KickApps Corp.
has raised a $14 million Series C round led by North Atlantic Capital.
Previous investors Softbank, Spark Capital, Prism Ventures and former Liberty Digital Inc. CEO Jarl
Mohn also participated. KickApps said North Atlantic managing director Mark Morrissette has joined the startup's board.
Not too long after it launched the latest version of its platform in January, rumors began to circulate that KickApps was
close to being acquired for $90 million by AOL LLC, in the wake of the Time Warner Inc. [
TWX] unit's $850 million
purchase of social networking site Bebo Inc.
But it appears the startup, which helps Web sites produce widgets -- Web-based programs that users can download and take to other sites -- still plans to go it alone. The latest funding adds to the $18 million the company previous
raised, including an $11 million Series B round from
Softbank, Spark and Prism last year.
Spark and Prism also participated in the company's $7 million Series A
round in 2005.
KickApps said the latest funding will be used to boost the company's expansion into new markets and for continued product
innovation.
- Olaf de Senerpont Domis
See Nov. 25 press release on KickApps' Series C from BusinessWireSee March 14 post on AOL rumors from Tech ConfidentialSee March 13 post on AOL's Bebo acquisition from Tech ConfidentialFor more, see
TechCrunch
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