Friday, October 12, 2007

Review of the August 2007 Web 2.0 Deals

LinkedIn Competitor Viadeo Raises €5 Million
Viadeo, a European social network for business contacts which is quite similar in idea and execution to LinkedIn, has raised a further €5 million in funding from its existing investors, AGF Private Equity and Ventech. The extra cash will be used to fuel the growth of Viadeo in Asia; so far, the network has been doing very well in Europe, with over 1.3 million members.

DailyMotion Raises $34 Million; Another Copyright Infringing Success Story
French social video site DailyMotion has raised a $34 million round from Advent Venture Partners LLP and AGF Private Equity, a division of Allianz AG. The new round comes on top of $9.5 million in previous financing from Atlas Ventures and Partech International. The round puts DailyMotion’s total financing beyond that of their competitors, even MetaCafe’s $45 million total financing. Dailymotion’s executive chairman, Mark Zaleski, said the new funds will ‘allow us to reach operating profitability‘.

VersionTracker Acquired by CNETVersionTracker, an online publication for software updates, has been acquired by CNET. Terms of the deal were not disclosed. With this integration deal, VersionTracker and its sister sites iPhone Atlas and MacFixIt will be incorporated into the CNET family as well. This gives VersionTracker a larger audience and access to more resources, while CNET expands its niche sites and grows its offerings of Mac information on the web.

Microsoft Acquires Enterprise Group Chat Company Parlano
Microsoft has announced that it has agreed to acquire Chicago-based Parlano, the maker of the enterprise group chat platform MindAlign. Microsoft said that it would use Parlano’s group chat functionality to improve Microsoft Office Communications Server and Microsoft Office Communicator.

SayNow Lands $7.5 Million Series A
SayNow, a service that enables ‘celebrities to connect to their audience over the phone’ will announce $7.5 million Series A funding September 12, in a round led by Shasta Partners. Tugboat Ventures’ Dave Whorton, a SayNow advisor since early 2006, also participated in the round as did Costella Kirsch. Rob Coneybeer, MD of Shasta Ventures will join the SayNow board of directors …

Zivity’s Model Contest Site Raises $1M in Funding
Zivity, the social network aiming to be a user-generated Playboy Magazine online, has received $1 million in funding in a Series A round of funding, from private investors. We mentioned Zivity yesterday and you can read about it here…

The New York Times to Acquire Freakanomics Blog, and More
The New York Times is acquiring the popular Freakanomics blog, which was launched as a sort of spin-off to the success of the book, keeping up with its momentum. This will be the first blog that the New York Times acquires and adds to its larger media family, but there’s word that the newspaper plans to acquire even more blogs in the not-too-distant future. Seems like blogs are getting acquired left and right these days, which is good for the creators, writers and publishers of these blogs, and good for the economics surrounding the blogosphere.

TheFind.com Acquires Glimpse
Shopping search engine startup TheFind has acquired the high-fashion shopping site Glimpse.com for an undisclosed amount. It’s an early deal for Glimpse, which just launched this year. TheFind is a comparison shopping search engine that crawls many shopping sites across the internet (190 million products at over 500,000 stores).

Maya’s Mom Acquired by BabyCenter
Maya’s Mom, the social networking site for mothers, has been acquired by BabyCenter, the mom-centric parenting network, making this its first acquisition. The financial details of the deal were not disclosed. According to the deal, Maya’s Mom will remain a standalone product, and its back-end software will be utilized across BabyCenter’s network of global websites.

SeatSmart’s Ticket Search Funded in Angel Round
SeatSmart, the search engine dedicated to finding tickets for concerts, games and events, has raised a round of angel funding for an undisclosed amount. The company is a ticket search aggregator of sorts, perusing Stubhub, Razorgator, eBay, and other major ticket-selling sites to bring you a variety of search results.

Jaxtr Closes $10 Million Series A; Announces 1 Million Users
Jaxtr has raised a $10 million Series A round led by August Capital with Mayfield Fund, Draper Richards, Draper Fisher Jurvetson and Luxemburg-based Mangrove Capital participating. They’ve also doubled their registered user base over last month, totalling 1 million users. They plan on getting to a break even point on the investment and to total 20 million users by the end of next year.

SpiceWorks Raises $8 Million; Google Adsense Even Supports IT Software
IT software maker SpiceWorks just closed an $8 million in series B financing. The funding round was led by Shasta Ventures with participation from Spiceworks series A investor, Austin Ventures. Their series A was $5 million. Shasta Ventures co-founder and managing director, Ravi Mohan, and former Dell senior executive, John Hamlin, have joined the Spiceworks board of directors. The money will be used to support over 120,000 users as well as software development and sales and marketing.

Wis.dm Raises $5M for Bookmarking and Media-Sharing Site
Wis.dm, the social bookmarking and media-sharing site that’s relaunched with a Q&A slant, has received $5 million in funding. The funding was provided by North Bridge Venture Partners, with its Michael Skok joining the board.

MocoSpace Raises $3M for Mobile Network
MocoSpace, a mobile social network, has received $3 million in a Series A round of funding. The round was led by General Catalyst, and Pilot Group and Michael Daring, a former eBay executive, participated as well. The funding will be used to expand the company’s sales and marketing.

Fotolog Acquired by Hi Media, French Ad Network
EXCLUSIVE: We had previously speculated that New York-based Fotolog would be the next one to get acquired. And we were right. It has been acquired by Hi Media, a Paris-based interactive media company for roughly $90 million - a combination of cash and stock, according to well-placed sources. The announcement is likely to be made later today.

FM Raises Another $4.5M; Are They Having Difficulty Filling Inventory?
Reports from PEHub and Mashable indicate a new $4.5 million Series B round of funding for Federated Media. Congrats! Federated Media provides advertising for some of the world’s largest blogs including: TechCrunch (TC is in “open warfare” and looking for a replacement), Read/WriteWeb, GigaOm, Mashable, ArsTechnica, TechDirt and about 100 other blogs.

DivX Acquires Veatros to Create Enhanced Video Search & Discovery for the Home
DivX has acquired Veatros, creators of a video identification technology, for $4.25 million. The acquisition of Veatros will be used for DivX to create an improved video search and discovery service on the DivX Connected platform, incorporating metadata like cover art, information on videos’ directors and actors, and titles.

LendingClub To Close $10.26 Million Series A
Peer to peer lending service Lending Club will close a $10.26 million series A round of financing from Norwest Venture Partners and Canaan Partners tomorrow. This comes a few months after the company’s $2 million angel round. Coinciding with the investment, Jeff Crowe and Dan Ciporin (former ceo of shopping.com) are joining Lending Club’s board of directors.

Conduit Labs Closes $5.5 Million Series A Funding
Conduit Labs, a yet-to-launch gaming virtual world, just closed a $5.5 million series A round with Charles River Ventures and Prism Venture Works. In addition to the financing, CRV’s Susan Wu and Prism’s Will Kohler have joined the company’s Board of Directors.

SINOHUB Receives New RMB 23.5 Million Letter of Credit Line from Commercial Industrial Bank
SinoHub Technology Company, Ltd. today announced that it has successfully closed a RMB 23.5 Million Letter of Credit facility with the Commercial Industrial Bank . The company will use the funds to expand its electronic component procurement fulfillment business in China. Already a leading company in the rapidly growing field of electronic component supply chain management services in China (import, buffer inventory, procurement fulfillment, VMI, just-in-time delivery, export and other services), SinoHub will use these funds to propel itself into a dominant position in this field.

StreetBee Acquires JamJunky; Rebrands as GetYourGrooveOn
StreetBee has acquired JamJunky, a music composition review service. CN reviewed the service when it launched three months ago and JamJunky added a Facebook application in July. CN described JamJunky as, ‘Basically JamJunky is a way for you to upload your own authored music and get feedback from your friends and other song writers to help perfect your songs.’

Google reveals stake in Chinese social Web site
Google revealed on Monday that it had acquired a stake in Chinese community Web site Tianya.cn, indicating a foray by the global search leader into social networking in the world’s second-largest Internet market.

Global Grind’s Pageflakes Clone Raises $4.5M in Series A RoundGlobal Grind, the niche start page for hip-hop news and information, has raised $4.5 million in a Series A round of funding. The round was led by Accel Ventures. New York-based Global Grind was founded by three creators of 360hiphop, which is a social network which was acquired by BET Interactive.
The Filter Brings Home $5M in Second Round of Funding
The Filter, a UK-based music recommendation company, has received $5 million in a second round of funding. Peter Gabriel has led the round, along with Eden Ventures, with both parties participating in the first round of funding, bringing the grand total to $6.8 million.

TripAdvisor Reportedly Acquires Where I’ve Been for $3 Million
In what is by far the largest Facebook application acquisition to date, travel company TripAdvisor has reportedly acquired Where I’ve Been from Craig Ulliott for $3 million. The acquisition marks the first major successful exit of a Facebook application since the Platform launched just under three months ago. With 2.3 million users, Where I’ve Been established itself as by far the biggest travel application on Facebook, leading #2 Cities I’ve Visited (also TripAdvisor owned) by over 1 million users.

Kongregate Closes $5 Million Series A For Casual Gaming
Casual gaming community Kongregate has closed a $5 million series A round led by Greylock today. This is on top of a $1 million angel round they raised from Reid Hoffman, Joe Kraus, Jeff Clavier and Richard Wolpert, among others. The casual gaming category consists of all those addictive online flash games that often distract you during your downtime (remember desktop tower defense?). James Slavet of Greylock pegs the casual game market at $500 million and expects it to grow even larger.

MTVN Acquires Another LGBT Network
MTV Networks has acquired DowneLink, a multicultural, LGBTQ (Lesbian / Gay / Bisexual / Transgender / Questioning) social networking site. The financial details of the deal were not disclosed. DowneLink has a reported 400,000 members, more than 72% of which are African-American, Asian or Latino, making it a good buy for MTVN, which seems to be broadening its scope of LGBT sites and demographics.

YFonGlobal Acquiring Splinternet Holdings
YFonGlobal, the turn key, white label solution for social networks and their necessary platforms, has begun the process of acquiring Splinternet Holdings, the developer of Internet telephony products and services. The financials of the deal were not disclosed, but the deal is scheduled to close within the next two months.

SocialMedia Raises $1M for Facebook App Network
SocialMedia, the aforementioned Facebook apps and MySpace widgets company that will combine hosting, promotion and an ad network, has raised $1 million in funding in a round led by CRV Ventures, SoftTech VC and the Hitforge seed fund.

Doppelganger Gets $11M in New Funding
Doppelgagner, the company that offers programmed virtual worlds for the teen demographic, has raised $11 million in funding, led by new investor ComVentures, and existing investors Draper Fisher Jurveston, Trident Capital, Draper Richards, KPG Ventures and Greycroft Partners. That brings the grand total to $25 million.

Diet Television Trims Name, Takes $2 Million
Later this week, weight loss community Diet Television will announce it’s shortened its name to DietTv.com and raised a $2 million series A. The round was led by MentorTech Ventures.

Kontera closes second round, faces competition by Vibrant Media and LinkedWords
Kontera, an Israel-based startup (officially headquartered in San Francisco), is raising $10.3 Million second round from Sequoia and other investors. It seems that the ad networks online are very hot these past months after the major acquisitions done by Google, Microsoft, AOL and others.

VOIP Startup Fring Raises $12 Million Series B
Israeli-based VOIP start-up Fring has closed an estimated $12 million second round, led by US VC fund North Bridge Venture Partners. VenFin and previous investors Pitango, Veritas and Yossi Vardi also participated. If the investment estimate is accurate, it would be one of the larger rounds for a VOIP company.

Technology Blog Xconomy Funded
Xconomy, a Boston-area-based technology and news blog, has received funding in a Series A round, led by CommonAngels. CommonAngels is an investment group in Lexington, MA, and it contributed funds from its investment pool as well as individual members. The financial terms were not disclosed.

CyclingTV Acquired by JumpTVJumpTV, an online video aggregator, has acquired CyclingTV for around $4.95 million, which is broken down into $2.21 million in cash, and $2.74 million in common stock, to be issued later this year.

The NBC and News Corp. joint venture Gets $100M in Funding
The NBC and News Corp. joint venture, which has been dubbed the YouTube Killer, has received $100 million in funding from Rhode Island-based investment firm Providence Equity Partners.

Pay Per Call Company VoiceStar Acquired by Marchex
Pay per call advertising service VoiceStar has been acquired by local advertising company Marchex. Marchex total anticipated investment to acquire VoiceStar will be $28 million, consisting of approximately $20 million in transaction consideration and $8 million in company investment.

Blockbuster Desperate To Do Something, Buys A Loser
Blockbuster announced the acquisition of movie download site Movielink this evening. The price is not being disclosed (meaning it isn’t ‘material’ to Blockbuster’s shareholders), although the Wall Street Journal says it was less than $20 million.

Pickle Purchased For $4.1 Million
Photo and video-sharing site Pickle.com has been purchased by Scripps Networks for a reported $4.1 million. Scripps is the company behind many lifestyles brands like DIY, the Food Network, HGTV, and Great American Country. This is their second web purchase after Recipezaar last month.

JS-Kit Closes $1.2 Million Seed Round
Web widget provider JS-Kit has been doing a lot of growing up since starting as a simple commenting widget, founder Lev Walkin’s pet project in his off hours. Since then, that single widget has grown into a company with the addition of CEO Kris Loux, 12 engineers from Filmloop, and today’s $1.2 million round of financing led by the Entrepreneur’s Fund III.

Scrybe Closes Series A
Scrybe, the online/offline calendar and organizer, has closed their series A round of financing from Adobe Systems Incorporated and LMKR. In what is becoming an annoying trend, the company is not disclosing the size of the round.

Kaboodle Acquired by Hearst Magazines
Kaboodle, the social shopping site that looked like a better fit for eBay than a media conglomerate, has been acquired by Hearst Corporation for an undisclosed amount. Kaboodle had taken $5 million in first round funding from 10 investors including Ron Conway.

Acquisition for Clipmarks
New York based Clipmarks, a del.icio.us-like social bookmarking service, may have been acquired by Forbes. We have no information on the size of the transaction, but my guess is that it was on the very low side. The service allows users to bookmark all or a portion of a web page and annotate it.

Amie Street Closes Series A Financing Led By Amazon.com
Social music marketplace Amie Street has closed a Series A round of financing led by Amazon.com, along with some new partnerships and a site redesign. The amount of Amazon’s investment and the terms are not disclosed.

Worldwide Biggies Funded by NBC and Hearst
Worldwide Biggies, a digital entertainment studio headed by former Nickelodeon and Spike TV President Albie Hecht, has closed a $9 million Series A round of funding. The round was led by NBC Universal and Platform Equity, also getting a large chunk of that change from Hearst Corporation, Alan Patricoft’s Greycroft Partners and Prism Venture works.

Insightful Corporation Sells InFactInsightful Corporation (NASDAQ: IFUL), announced today the sale of its InFact search technology and associated intellectual property rights to Hypertext Solutions Inc. for $3.65 million in cash. Hypertext is a Seattle-based startup company focused on making information on the web more ‘intelligent’. The transaction closed today.

College Boy Stalwart eBaum’s World Bought For $17.5M
Today San Francisco-based HandHeld Entertainment says it is acquiring Rochester, NY-based eBaum’s World. HandHeld said it will pay $17.5M for eBaum’s World ($15M in cash, $2.5M in stock, and $2.5M in stock with a one-year hold back.) The company also said that it may pay up to $32.5M in earnouts over three years to the owner’s of eBaum’s world.

Online Travel White Labeler EZRez Raises $15M
EzRez was founded in 2002 in Honolulu, Hawaii where it built a white label system for regional airlines, wholesalers, rental car companies, hotels, activity providers and more. Today the company raised $15M led by Canaan Partners with Azure Capital Partners and existing investors.

Content Personalization Widget Maker Minekey Raises First $3M
Sunnyvale, CA-based Minekey has raised $3M in Series A funding for their personalized news recommendation widget. The funding round was led by NEA IndoUS Ventures, which had previously invested $600K in a seed round.

Stealth Mode TuneUp Media Raises VC Funding To Help You Manage Your Music FilesGabe Adiv, who previously worked the biz dev levers at Gracenote, has a new startup in stealth mode called TuneUp Media, that he claims has raised VC funding. What problem will the startup address? Our digital music lives are too complex the company finds and needs a better system.

Associated Content Raises $10M For Crowd-sourced NewsNYC-based Associated Content has raised $10M in a 2nd round from Canaan Partners. The company is slightly controversial because of the backing of Google sales exec Tim Armstrong who invested in the company’s first $5.4M round and is back in at this round along with Softbank.

Streetline Funded For Smart Cities Tech
Streetline has completed pilot projects and studies for Los Angeles and San Francisco. The LA project has learned that despite two-hour time limits, the average driver stays parked for four hours. In San Francisco, Streetline learned that only 5.4% of parking violations in San Francisco receive tickets. Streetline has raised $250K+ so far from individual investors including Internet pioneer Gordon Bell and it is planning a Series A round. They indicate on job postings that they have raised venture capital so that round may be closed but the company has not responded to confirm.

DecisionView Announces $7 Million in Series C Investment
DecisionView, Inc., the leading provider of business performance optimization applications for the Life Sciences industry, today announced the close of a $7 million Series C round of funding led by new investor, firstVentury, as well as existing investors Partech International and Granite Ventures.

Accoona Files for IPO
Internet company Accoona Corp. filed Friday for an initial public offering of its common stock. The Jersey City, N.J.-based company said it expects to use proceeds from the offering for research and development, business expansion and general corporate purposes. Accoona may also use a portion of the proceeds to acquire or invest in complementary companies and technologies.

SEM Firm iCrossing Buys Web Builder Proxicom
Arizona-based SEM giant iCrossing has acquired Proxicom for an un-disclosed amount from Gores Technology. The deal was financed by a funding round last week by iCrossing where it raised $62M from Goldman Sachs and some VC firms.

Compete Ups Ante With $10M In Funding
Today Compete has raised another round of funding at $10M in Series III funding from return backers Charles River Ventures, idealab, Split Rock Partners and William Blair Capital Partners. Compete has raised $43M since 2000.

Disney Acquires Club Penguin For Up To $700 million
Club Penguin, a social network / virtual world that has been on the market for some time, was acquired by The Walt Disney Company and announced today. An earlier deal with Sony fell apart over valuation and Club Penguin’s policy of donating a substantial portion of profits to charity. The company, which launched in October 2005, has 700,000 current paid subscribers and 12 million activated users, primarily in the U.S. and Canada.

Discovery Acquires TreeHugger.com For $10millionDiscovery Communications has announced the acquisition of TreeHugger.com for what is believed to be $10 million. TreeHugger.com started as an environmentally focused blog in 2004 and grew to include forums, green guides and other related features. The site sits in the Top 20 blogs worldwide according to Technorati and is said to have 1.4 million unique visitors a month. Alexa ranks the site at 5,395.

PayScale Gets $10.3M in Series C Round of Funding
PayScale is an online service that lets you know how you compare to others that do the same job as you. It’s just raised another $1.5 million in a Series C round of funding, led by SAP Ventures. This closes the round at $10.3 million. Previous investors include Allen & Co., Corporate Executive Board, Trinity Ventures, Madrona Venture Group, Fluke Venture Partners and Buerk Dale Victor.

Vringo Raises $12M in Series B Funding
Vringo, the video ringtone provider, has closed on a $12 million Series B round of venture capital funding. The round was led by Warburg Pincus, a global equity firm. The funding will be used to take Vringo around the world, as it expands markets in the US, Europe and Asia.
Curse Raises $5M in Series A for MMOG NetworkCurse, the gaming portal, has received $5 million in a Series A round of funding. The round was led by a French venture capital firm AGF Private Equity, and some angel investors participated as well. The MMOG company already raised about $800,000 in funding from angel investors prior to this Series A round.


Via EPR Network Blog

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