SweetLabs Secures $13,000,000 Series C Funding Round

  • Feed Type
  • Date
    9/29/2011
  • Company Name
    SweetLabs
  • Mailing Address
    656 5th Avenue San Diego, CA 92120
  • Company Description
    OpenCandy was started by founding and early members of DivX, at which we were responsible for distributing hundreds of millions of DivX software downloads, and now we want to use what we’ve learned to help the software community. Software distribution is of immense value but largely untapped, so we started OpenCandy to democratize this value. Now we’re backed by top-tier investors and partnered with some really great software creators.
  • Website
    http://www.SweetLabs.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $13,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    SweetLabs will primarily use the funds to invest in the growth of Pokki, the company’s newest platform that lets developers easily create and distribute rich, connected desktop apps using standard web languages like HTML5.
  • M&A Terms
  • Venture Investor
    Intel Capital
  • Venture Investor
    Google Ventures
  • Venture Investor
    Bessemer Venture Partners

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