It raised a seed round from angel investors include Michael Dearing, about whom I wrote in May.
With a goal of total transparency and trust-building, employees knew every funding detail from seed round to bridge to A round.
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While the average seed round is broadly the same in the U.S. and Europe, there is a substantial difference in all other rounds.
Investors participating in the seed round include SecondMarket founder Barry Silbert, Spotify investor Shakil Khan, Jimmy Furland, Roger Ver, and other Internet entrepreneurs.
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For example, we expanded into Spain in 2009, more than six months before our first investment, a seed round of 1.2 million euros from French VC ISAI.
HireArt has raised a seed round and has five people.
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The larger funding is also an adaptation to the market as some companies raise large rounds in their first round or Series A or skip a seed round entirely.
With a seed round that large, there are not surprisingly an army of investors, including funds such as Thomvest Ventures, Menlo Ventures, Draper Fisher Jurvetson, Yuri Milner, Phenomenon Ventures, TMT Investments, DominateFund and FundersClub.
The larger fund will enable the firm to follow on with companies over several later rounds beyond the seed round and also enable the firm to do larger rounds that just seed fundings, such as the Rovio investment.
The top seed from the qualification round is matched against the 64th seed, with the second seed against the 63rd seed, and so on.
Clijsters, who won the U.S. Open in 2005, secured her place in the final after beating third seed American Venus Williams in the fourth round, 18th seed Li Na of China in the quarterfinals and defending champion Serena Williams in the semifinals.
The two-time quarterfinalist will face Russian 27th seed Mikhail Youzhny in round three.
Australia's top hope Samantha Stosur (13) will avoid a seed in the next round after the Queenslander beat Kristina Barrois 7-5 6-3.
The Swiss top seed won their third round clash 6-3 6-4 6-3 in just 98 minutes and looked in excellent form once again.
Tapiture is currently raising a round of seed funding.
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There was a shock on Court 13, where 31st seed Michaella Krajicek, who thrashed Britain's Katie O'Brien in the previous round, beat eighth seed Anna Chakvetadze in a marathon three-set battle.
Berdych, the 16th seed, beat Argentine Horacio Zeballos 6-4 7-5 to secure his place in the next round, while fifth seed Robin Soderling of Sweden was more impressive in a 6-1 6-2 hammering of Germany's Philipp Petzschner.
The third seed made light work of Japan's Ayumi Morita 6-1 6-3 to set up a fourth round tie against 14th seed Maria Kirilenko from Russia who was also a straight sets winner (7-6 6-3) over Belgium's Yanina Wickmayer.
France's No. 17 seed Richard Gasquet progressed into round two with a 6-3 6-4 7-6 victory over Estonia's Jurgen Zopp.
And there's little left to say about Florida Gulf Coast, which became the first 15 seed to advance to the round of 16 in tournament history.
They were joined in the second round by 13th seed Samantha Stosur of Australia, Russian 19th seed Nadia Petrova and former world No. 1 and 2008 finalist Ana Ivanovic, seeded 20th.
Virool, which went through Y Combinator in the summer of 2012, decided to keep the funding as a seed instead of a venture round because it wanted to keep the process simple and not have to deal with board meetings, Debelov says.
The anticipated second-round clash between returning Belgian Justin Henin and fifth seed Elena Dementieva will occur after they both negotiated the first round.
Thirteenth seed Radek Stepanek beat former world number one Juan Carlos Ferrero 6-3 6-0 in the first round on Monday, while 16th seed David Ferrer beat Richard Gasquet 6-4 6-3.
However, if you want to pick an upset in the first round, picking a 3 or 4-seed to lose might be your best bet. 18 percent of first round games have been won by 13 and 14-seeds.
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The 20-year-old will face either Marcos Baghdatis or second seed Rafael Nadal in the third round.
The 17-year-old beat his teenage counterpart to book a second-round meeting with sixth seed Fernando Gonzalez.
Meanwhile, top seed Djokovic eased through his second round match at the China Open in Beijing.
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