Monday, May 14, 2007

Deals within the web 2.0 sector for May 9 - 14

CBS Acquires WallStrip for $5 million
Jossip is reporting that corporate focused video blog WallStrip has been acquired by CBS News for $5 million. The report states that an announcement is expected early this week and involves WallStrip host Lindsay Campbell being the next Amanda Congdon for CBS, fronting online shows. I spoke to some one close to the deal who confirmed Jossip’s story. He told me that New York based Venture Capitalist Fred Wilson , who had previously invested $500,000 in WallStrip, negotiated and sealed the deal. The deal is said to be focused on signing Lindsay Campbell. CBS was keen to have Campbell on board and a cast iron contract meant that acquiring WallStrip was the only way they could get to her.

Mogulus Gets $1.2M in Angel Funding
Mogulus , the online video company aiming to make you all the next Justin.tv rock star, has raised $1.2 in angel funding , including $1 million from a New York-based Swiss private investor. The video broadcasting site is currently in private beta, and their differentiating factor is their ability to mix videos in real time for the creation of your own live broadcast.

JAJAH Lands $20 million Series C Funding From Intel
VOIP provider JAJAH closes Series C funding of $20 million today, with the lead investment coming from Intel Capital , the venture capital arm of Intel. Previous TechCrunch coverage here . As part of the deal Intel will provide JAJAH access to their community of product dealers, OEM customers and developers, as well as access to Intel’s range of VOIP patents.

videoNEXT Secures $5.4M in Series B Financing
CHANTILLY, Va., May 8 /PRNewswire/ — videoNEXT Network Solutions, Inc., a developer of innovative security management solutions , today announced that it has closed $5.4 million in series B financing and has appointed Joseph Costa as its president and chief executive officer. Christopher Gettings will continue in the role of chairman and assume responsibilities for business development for federal customers and strategic partners.

Encyclopedia of Life: Better Than Wikipedia? Formally announced during the week with funding of $12.5 million
Formally announced during the week with funding of $12.5 million, Encyclopedia of Life aims to be an online reference source and database for every one of the 1.8 million species that are named and known on earth. Encyclopedia of Life is a collaborative effort. Tens of thousands of citizen scientists with expertise around the world are responsible for the creation of content.


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