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

Brit & Co Secures $23,100,000 New Financing
  • Company: Brit & Co
  • Description: Brit & Co’s content hub is online at Brit.co or available on mobile devices. The team also designs and builds software applications, the first of which is Weduary, a social wedding website creator that helps brides and grooms easily create a wedding site that connects their guests before the big event.
  • Website: www.brit.co
  • Type: Venture Equity
  • Amount: $23,100,000
  • Round: Undisclosed
  • Purpose: Proceeds purposes were not disclosed.
  • Investors:

Munchery Secures $85,000,000 New Round
  • Company: Munchery
  • Description: Munchery's mission is to bring the personal chef experience to everyone. Eating delicious and healthy food from a professional chef shouldn't be a luxury or dream. Instead, we're reinventing things through an online marketplace where you can purchase meals prepared daily by chefs and have it delivered for that night.
  • Website: www.munchery.com
  • Type: Venture Equity
  • Amount: $85,000,000
  • Round: Undisclosed
  • Purpose: The company says it will use the new capital to bring its service to more regions, expand service in existing cities, and diversify menu options.
  • Investors:

Magnetic Lands $25,000,000 New Funding
  • Company: Magnetic
  • Description: Magnetic is search re-targeting. The Magnetic data marketplace empowers advertisers and publishers to use search data as the key indicator of intent and re-target campaigns to the most relevant audience online.
  • Website: www.magnetic.is
  • Type: Venture Equity
  • Amount: $25,000,000
  • Round: Undisclosed
  • Purpose: The new investments will turbocharge Magnetic's product innovations.
  • Investors: