Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

A startup founder's 'comeback' app is catching fire with teens ' and it just got a $50 million check

Published by Business Insider on Sat, 10 Dec 2016


On Friday, an app you probably haven't heard of unless you're a teenager topped Facebook in the Apple App Store.Houseparty, a group video chat app, ranked number 7 in Apple App Store for free appsone slot above Facebook, the world's most dominant social network. And it's not only the young kids who have noticed its Houseparty's potential.Silicon Valley investors have been reportedly fighting over who gets to fund the newest craze in social.On Friday, Business Insider confirmed that that the company had raised $50 million from leading venture firm Sequoia, beating out other investors interested in the deal, according to a person familiar with the matter. The Wall Street Journal earlier reported the raise. The company's previousinvestors, including Greylock Partners, Aleph, and Comcast Venturesparticipated in the round. Houseparty's CEO Ben Rubin didn't return a request for comment.The app has been on fire with teens recently, leading to a surge of millions of downloads in thelast six months, according to analytics from Apptopia. The app analytics company estimates that nearly 2 million people used it in the last month alone, and that on average, people are opening it 5.5 times a day.In schools in San Francisco, it's become the new go-to video app to chat with friends. Like Facetime or Skype, it allows video calls with friends as a group.Yet, few realize the app's turbulent history. Houseparty was made by the creator's of another hit video app Meerkat. The live-streaming app exploded in popularity at SXSW, then faded after Twitter blocked its access and purchased its rival, Periscope. The company regrouped and launched Houseparty earlier this year, which has grown in popularity since the beginning of the school year.The key for Houseparty is to not loose that momentum like Meerkat did. A fresh $50 million from a leading Valley venture firm will hopefully stave off the same fate for the company.SEE ALSO:Here's what can get you banned as a rider from UberJoin the conversation about this storyNOW WATCH: Here's all the futuristic technology Uber's self-driving cars use to get around
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Nigerian Tenders  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs