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
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
"We are a leader in the market space called network visibility solutions - it enables monitoring tools and Big Data analysis to access the data and be able to see the performance," explained Shay Morag, VP of Sales and Marketing at Niagara Networks, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...