Travel site Peek raises $5 million to expand to new cities

Adventure and travel site Peek announced on Wednesday that it’s raised $5 million in a Series A funding round led by Montage Ventures. The company, which operates as part travel guide, part deals and booking service, is best known for its high-profile investor pool: Twitter’s (s twtr) Jack Dorsey and Google’s (s goog) Eric Schmidt participated in the company’s initial seed round of $1.4 million. The company says that the money will go towards expanding Peek’s reach to 11 new cities (it currently operates domestically and internationally, including cities like San Francisco, New York and London) as well as accelerating its vendor platform, Peek Professional.

 

Candy Crush Saga company King files for IPO, hopes to raise $500M

Irish game development and publishing company King, best known for creating freemium smash hit “Candy Crush Saga,” filed for an IPO Tuesday. The company, which hopes to raise $500 million, pulled in $1.9 billion in 2013 and says 78 percent of its total gross bookings last year came from Candy Crush Saga, which launched on mobile in November 2012. King’s revenues in 2012 were just $164 million. King says 70 percent of its gross bookings — which it defines as the total amount its users pay for virtual items and access to skill tournaments — are on mobile, and just 4 percent of users (roughly 12 million) regularly make in-game purchases.

Twitter stock slides in pre-market trading

Despite the good news in Twitter’s (s twtr) first quarterly earnings report as a publicly traded company — particularly stronger-than-expected revenue of $243 million and $0.02 earnings per share — the stock was down more than 20 percent in pre-market trading. Just before trading opened, the stock was at $51.40, more than 22 percent below its closing price of $65.97. The reason for the slide seems to be the company’s slow user growth in 2013: an increase of just 30 percent year-over-year. Pre-market shares tend to be more volatile than after the opening bell, but it’s still not looking very pretty.