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General Information

Websiteidealab.com
Phone626-585-6900
Employees
Founded1996

Funds

Offices

Pasadena, USA
130 W. Union Street
Pasadena, CA, 91103
USA

Former People

VP, Ideas

Tags

Idealab

Bill Gross started Idealab in 1996 to create and operate pioneering technology companies. The structure of Idealab has allowed us to test many ideas at once and turn the best of them into companies, attracting the human and financial capital necessary to bring them to market.

Many of these companies were among the first to introduce new business ideas to the market. CitySearch, now a part of InterActive Corp., established the category of local online community directories. eToys demonstrated the tremendous potential for online consumer retail and became one of the most recognized brands during the early days of e-commerce. Overture Services, which began life as GoTo.com, was the first company to introduce the concept of paid search. Now part of Yahoo, Overture’s business model is the underpinning of a multibillion-dollar online search market.

Idealab continues to explore a range of technology frontiers. New models for improving the search experience are at the core of several companies currently growing inside of Idealab. Moving beyond the Internet, we have spawned companies with breakthrough technologies in robotics (Evolution Robotics), three-dimensional printing (Desktop Factory) and renewable energy (Energy Innovations), among others. Idealab also continues to partner with leading venture capital firms and other strategic investors to provide the resources to maximize the potential of these companies.

In addition to capital, Idealab provides a full range of resources to infuse start-ups with the support they need to rapidly introduce innovative products and services. Resources include office space and the accompanying office services, development and technology, product and graphic design, marketing, financial advice, human resources, competitive research, legal, accounting and business development support and services. In addition, Idealab provides advice on strategy, branding and corporate structure.

Milestones

Investments

Company Date Round Size Participants
X1 Technologies 5/09Unattributed1
Evolution Robotics 11/08Series B$13.9M4
Aptera 7/08Series C$24M2
Perfect Market 7/08Series A$15.6M4
Infinia 4/08Series B$7M8
eSolar 4/08Series B$130M3
Infinia 2/08Series B$50M7
Compete 8/07Series C$10M4
Infinia 6/07Series A$9.5M3
Insider Pages 3/06Series A$8.5M3
Cooking.com 5/00Series E$35M3
Cooking.com 10/99Series C$30M10
Cooking.com 4/99Series B$16M8

Videos

Sources

  1. X1 Technologies Raises New Money - Private Equity Hub (livermorereport.com) [edit]
  2. Evolution Robotics Raises $13.88 Million from CMEA Ventures, Vodafone, Idealab and Quercus Trust (evolution.com) [edit]
  3. Aptera Raises $24M for Electric Car Production (earth2tech.com) [edit]
  4. Perfect Market Raises $15 Million First Round For Archive Monetization (paidcontent.org) [edit]
  5. Infinia Raises $7M (Total B = $57m) (nwinnovation.com) [edit]
  6. eSolar, Google-Backed Startup, Picks Up Steam, $130 Million (huffingtonpost.com) [edit]
  7. Infinia Gets $50M For Solar Power Products (nwinnovation.com) [edit]
  8. thealarmclock.com [edit]
  9. Infinia Raises $50M for Stirling Solar (earth2tech.com) [edit]
  10. insiderpages.com [edit]
  11. findarticles.com [edit]
  12. internetnews.com [edit]
  13. internetnews.com [edit]
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Last Edited 9/4/09

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