TechCrunch.com this morning covered “Biba, a new company coming out of stealth, has spent more than a year and $5 million in a Series A investment to quietly build a service that offers a lightweight way to use your iPhone, iPad or Android device to participate in conference calls or message people in your network.”
“Today the service is launching with $15 million in a Series B round led by InterWest Partners, with participation from previous investors Benchmark Capital and Trinity Ventures. Other investors include Enrique Salem, former CEO of Symantec and Gary Griffiths, CEO of Trapit and the former President of WebEx.”
The company purchased the domain name Biba.com back in August 2012 for 57,400 Euros through Sedo.
It was a nice price for the domain name, with $20 million in funding it was probably the best investment the company ever made.
If you think that Biba was just a random four letter combo, its not the case.
Besides this company. the term has two wikipedia entries and has several established meanings.
Thanks for sharing the Biba.com sale. I think it was sold cheap and great purchase by the buyer. Anyhow, congrats to both buyer and seller 🙂