Welcome!

News Feed Item

Wikia Raises Over $10 Million in Series C Financing led by Institutional Venture Partners

Wikia to Expand Role in the Social Web with Focus on Mobile, Video, Lifestyle Content and Strategic Partnership & Acquisitions

SAN FRANCISCO, Nov. 30, 2012 /PRNewswire/ -- Wikia, the world's leading collaborative media company and home to many of the Web's largest social communities, announced today that it has closed over $10 million in an oversubscribed round of Series C funding led by Institutional Venture Partners.  Existing investors Bessemer Ventures Partners and Amazon.com, both also participated in the financing. Already profitable, Wikia will utilize the proceeds from the Series C to further accelerate its mobile and video initiatives, drive continued community and user growth, and opportunistically evaluate strategic acquisitions. The most recent funding brings the total investment into Wikia to $25 million.

"The post-editorial world represents growing demand by brands to engage with dedicated and passionate fans that chronicle topics they know and love," said Craig Palmer, CEO of Wikia. "With this Series C funding, Wikia will advance its mission as the provider of leading collaborative publishing platform on the Web. Our focus is to enable the members of our deeply engaged communities to interact with each other and their favorite brands and topics across all platforms and devices." 

Already the most robust platform for collaborative media, Wikia is committed to promoting even deeper engagement between community members and brands across all channels.  In 2013, Wikia will expand its platform and launch a unique and innovative set of integrated mobile, tablet and video capabilities that will enable users to simultaneously engage with content and contribute to communities across multiple screens.  Wikia's 250,000+ communities have aggregated over 100,000 videos, 14 million photos, and 5,000 hours of premium content that attract audiences across all ages, genders, geographies and interests, including gaming, entertainment and lifestyle communities such as DIY fashion, beauty, education and science.

"Wikia has organically established itself as the Web's deepest and richest destination for popular content," said Eric Liaw, Principal, Institutional Venture Partners. "The company's technology platform has spawned the premier gathering place for passionate communities to engage in deep, authentic, and accurate content creation. The ability for fans and communities around the world to seamlessly interact not only with each other, but also their favorite topics and iconic brands, is a keystone of the post-editorial world. Wikia is at the forefront of this wave in social media and we are thrilled to join them and their communities in the next phase of growth."

Since inception, Wikia has successfully brought brands and communities together.  In 2012 alone, industry thought leaders such as Bethesda, Blizzard, Sony Online Entertainment and Warner Brothers have all recognized the opportunity to directly reach Wikia's communities, which are comprised of the most passionate fans and highly engaged consumers. This month Wikia's global traffic surpassed 70 million unique visitors and 1 billion page views for the first time. 

"When you look at the social media landscape, Wikia is one of the truly authentic community driven sites," said Jeremy Levine, partner at Bessemer Venture Partners. "We have continued confidence in Wikia's direction, as they have their finger squarely on the pulse of consumer engagement around mobile and video and great opportunities to scale in new areas, including the 'Lifestyle' category."

"Wikia has always had the vision that users get great satisfaction developing communities and socializing around the things they love," said Jeff Blackburn SVP, Amazon.com. "We're excited the business continues to grow so rapidly – it's a very strong team."

In October, Wikia Games traffic exceeded 27 million unique visitors, making Wikia Games one of the top video game destinations on the Web and a leader in the industry.  Wikia Entertainment is experiencing stellar momentum with over 62% growth year-over-year while attracting over 30 million unique global visitors. 

About Wikia:
Wikia is a trusted collaborative media platform. It is the definitive place for people to contribute to the assembly of original bodies of multi-media content around subjects they know and love. Using Wikia, anyone can form new communities around any subject or participate in over 250,000 existing communities by reading or contributing new content. With over 20 million pages of rich content, Wikia's communities are the most authoritative information about any topic on the Internet. Wikia's video game vertical (www.wikia.com/videogames) is a leading video-game focused network on the Web. Its entertainment vertical (www.wikia.com/entertainment) is the fastest growing US entertainment destination around the world. Lifestyle (www.wikia.com/lifestyle) interest is the fastest growing collection of content on Wikia today.

Launched in 2006 by founders Jimmy Wales and Angela Beesley, Wikia attracts more than 70 million global unique visitors per month and is ranked a Quantcast Top 35 Internet site.  www.wikia.com or @wikia

About Institutional Venture Partners (IVP): 
With $4 billion of committed capital, Institutional Venture Partners (IVP) is one of the premier later-stage venture capital and growth equity firms in the United States. Founded in 1980, IVP has invested in over 300 companies, 93 of which have gone public. IVP is one of the top performing firms in the industry and has a 32-year IRR of 43.2%. IVP specializes in venture growth investments, industry rollups, founder liquidity transactions, and select public market investments. Since its inception, IVP investments include such notable companies as ArcSight, Buddy Media, ComScore, Concur Technologies, Dropbox, Fleetmatics, HomeAway, Juniper Networks, Kayak, LegalZoom, LifeLock, Marketo, MySQL, Netflix, Polycom, Seagate, Shazam, Synchronoss, Tivo, Twitter, and Zynga. For more information, visit http://www.ivp.com or follow IVP on Twitter: @ivp

About Bessemer Venture Partners (BVP):
Bessemer Venture Partners (BVP) is a global venture capital firm with offices in Silicon Valley, Cambridge, Mass., New York, Mumbai and Herzliya, Israel. BVP delivers the broadest platform in venture capital spanning across industries, geographies, generations and stages of company growth. From Staples to Skype, VeriSign to Yelp, LinkedIn to Pinterest, BVP has helped incubate and support companies that have anchored tidal shifts in the economy. More than 100 BVP-funded companies have gone public on exchanges in North America, Europe, and Asia. www.bvp.com

Media Contact:
Matt Clark/Courtney Greenberg
DKC Public Relations, Marketing & Government Affairs 
(212) 685-4300
[email protected] / [email protected]

SOURCE Wikia

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
SYS-CON Events announced today that Twistlock, the leading provider of cloud container security solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Twistlock is the industry's first enterprise security suite for container security. Twistlock's technology addresses risks on the host and within the application of the container, enabling enterprises to consistently enforce security policies, monitor...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
The goal of Continuous Testing is to shift testing left to find defects earlier and release software faster. This can be achieved by integrating a set of open source functional and performance testing tools in the early stages of your software delivery lifecycle. There is one process that binds all application delivery stages together into one well-orchestrated machine: Continuous Testing. Continuous Testing is the conveyor belt between the Software Factory and production stages. Artifacts are ...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and 21st International Cloud Expo, which will take place in November in Silicon Valley, California.