crowdfunding

Tim Bradshaw

Ouya, the open-source games console, has become the first Kickstarter tech project to graduate to a more traditional funding scheme – venture capital.

After getting $8m from 63,000 crowdfunders last August, Ouya on Thursday announced it has raised $15m from investors including Kleiner Perkins Caufield Byers, Mayfield Fund and Nvidia, to accelerate its plan to attack the mass marketRead more

In a rare event, a crowdfunded start-up has gone on to raise mainstream venture capital.

Digital Spin, which raised £60,000 in August from platform Seedrs, has now received several times that amount from Passion Capital and Balderton, two of London’s most active venture funds. Could this be the start of growing links between amateur and professional early-stage investors? Read more

Tim Bradshaw

The developers of the Pebble smart watch made Kickstarter history in May when they raised $10.2m, the largest sum received through the fast-growing crowdfunding site. But it is now in danger of attaining an equal notoriety for delays and busted deadlines.

After missing its original September delivery date, the Pebble’s creators warned this weekend that many backers will not receive their device in time for Christmas. Read more