If you think about what's happened the last 4-5 years in smartphones, it's truly remarkable. Apple has created an entirely new, multibillion-dollar franchise. Nokia and RIM's dominance have been severly damaged. And entirely new app and OS systems have been developed.

What's it all mean? As we surmised back in January, it probably means more pain for the legacy market leaders -- people such as Nokia, Ericsson, and RIM. Clearly their market-share is eroding, but more importantly they are losing their grips on OS and apps markets. Apps willd drive this market forward, and Apple and Google's Android are leading here.

With that, on to the news, which in the tech world today is dominated by smartphones:

 

 

This entry was posted on Wednesday, June 30, 2010 at 11:21 am and is filed under Mobile, Technology.
Keywords: Smartphones, Apple, RIM, Verizon, Markets, Spies

Timehop Garners $10,000,000 Series B Funding Round
  • Company: Timehop
  • Description: The product Timehop offers is a daily email that shows you what you did 1 year ago today, every morning. It’s a daily dose of nostalgia that must be experienced first-hand to fully understand. If you’re on the edge, the press (NYT, Wired) has already done a good job describing this experience, so I won’t retread their steps.
  • Website: www.timehop.com
  • Type: Venture Equity
  • Amount: $10,000,000
  • Round: Series B
  • Purpose: The company will use the new funding to expand its product teams, mostly in order to support its current core technology, with new features and experiments being a lower priority.
  • Investors:

Canva Receives $3,600,000 New Financing Round
  • Company: Canva
  • Description: The Canva journey began back in 2007 when Melanie Perkins was studying at the University of Western Australia. Melanie taught students how to use programs such as InDesign and Photoshop—programs that people found hard to learn and even harder to use.
  • Website: www.canva.com
  • Type: Venture Equity
  • Amount: $3,600,000
  • Round: Undisclosed
  • Purpose: Proceeds purposes were not disclosed.
  • Investors:

Posse Secures $1,500,000 New Financing
  • Company: Posse
  • Description: Posse is a platform for bands, festivals and venues to engage their fans as promoters. Fans promote for the artists they love and earn a cut of the action.
  • Website: www.posse.com
  • Type: Venture Equity
  • Amount: $1,500,000
  • Round: Undisclosed
  • Purpose: The fundraising will go towards accelerating growth and marketing the platform.
  • Investors: