Monday, July 30, 2007

Deals within the web 2.0 sector for the first half of July

$15 Million For Shopping Search TheFind
Mountain View based shopping search site TheFind has raised another $15 million in a third round of venture capital , bringing their total capital raised to $26 million. Bain Capital Ventures led the round.


Redfin Takes $12 Million Series C Financing Amid Realtor War
Seattle-based Redfin, a real estate website that allows users to bypass most of the fees associated with using real estate brokers, has closed a $12 million Series C round of financing . This is on top of the approximately $8 million they raised in their previous two rounds. The round was led by Draper Fisher Jurvetson. Previous investors Madrona Venture Group, Vulcan Capital, BEV Capital and The Hillman Company also participated


TVtrip’s Multimedia Hotel Directory Gets $4.8 Million
A month after launch, TVtrip has secured another round of financing from Benchmark’s European Branch, Balderton, and Partech, which will be announced tomorrow. Along with the financing they’ve also expanded their directory of hotel videos and added some more travel executives to their board.


Jupitermedia Corporation buys Mediabistro.com
Laurel Touby turned her popular cocktail parties into a high-traffic Web site for job-seeking media and creative professionals. Yesterday, she sold Mediabistro.com, the company that sprang from those mixers, for $23 million. The Jupitermedia Corporation, an Internet research company that also sells photos and art, agreed to pay $20 million in cash and an additional $3 million over two years for the company, which is based in New York City.


Google to Buy Web Security Company for $625M
Google on Monday acquired e-mail security company Postini for $625 million, a move intended to attract more large businesses to Google Apps. More than 1,000 small businesses and universities currently use Google Apps, but ‘there has been a significant amount of interest from large businesses,’ Dave Girouard, vice president and general manager of Google Enterprise, said in a Monday teleconference.


Jamendo Gets Cash for Creative Commons Music
Online music has been one of the most tumultuous categories online. Ever since Napster launched in the late 90’s, the music industry has been scrambling for a new model. DRM was once thought the industry’s saving grace, but consumer frustrations and movements from big players like Apple have reversed the trend. Some are even streaming it for free. They just closed their series A round of funding from Mangrove Capital Partners today for an undisclosed sum.


ValueClick Acquires Comparison Shopping Operator MeziMedia For Up To $352million
ValueClick has acquired MeziMedia for up to $352 million, in a deal consisting of $100million in upfront in cash, with an additional sum of up to $252 million to be paid depending on MeziMedia’s revenue and earnings performance through to 2009.


Answers.com has purchased Dictionary.com
Question and answer reference site Answers.com has acquired Dictionary.com’s parent company, Lexico Publishing, for $100 million in cash. Lexico can really serve all your lexical needs because it also owns Thesaurus.com and Reference.com. The deal is expected to close later this fall.


Connectbeam Lands $3.5million Series A
Social networking for the enterprise startup Connectbeam has closed a $3.5million Series A round lead by Gabriel Ventures and Startup Capital Ventures. Connectbeam social software for business provides a corporate focused product that includes support for social bookmarking , social networking, live profiles, project spaces and intranet search integration.


Healthline Get’s $21 Million and Some New Friends
Healthline has dipped it’s hand into a $21 million series B financing led by GE/NBC Universal’s Peacock Equity Fund, a joint venture between GE Commercial Finance’s Media, Communications & Entertainment business and NBC Universal. This is on top of their $14 million round last January. The round also includes smaller investments from Aetna Ventures, LLC, Kaiser Permanente Ventures, U.S. News and World Report, and previous investors VantagePoint Venture Partners and Reed Elsevier Ventures.

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