Minglebox Gets $7M from Sequoia

Minglebox, the India-based social network for college campuses, raised $7 million in funding, backed by Sequoia Capital India. Minglebox started with a concept similar to facebook (though less elitist), and Ning, creating customized networks for people on college campuses. The goal is for each network to be a close knit community, working like a college intranet. As with many other social networking sites, you can share videos, music, blogs, photos and events with friends and the group at large.

Odeo Looks for Buyers

gigaom.com:
Ever since founder Ev Williams decided to buy back San Francisco-based Odeo from his investors and shift his attention to fast growing SMS-alerting service, Twitter, it became clear that Odeo brand and domain might be up for grabs.
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techcrunch.com:
Evan Williams, the man who co-founded blogger.com foundation Pyra Labs with Meg Hourihan, has put his beleaguered startup Odeo up for sale. Odeo is a consumer facing audio service that’s been remarkably high profile about its struggles over the past year; Williams discussed mistakes candidly and bought the company back from investors in October.
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mashable.com:
Ev Williams’ Obvious Corp, which bought Ev’s Odeo property back from investors in October ‘06, is now looking to sell the podcasting site. The site is self-sustaining he says - AdSense pays the bills - but the company wants to focus on Twitter and doesn’t want to see Odeo die of neglect.
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obvious.com:
In the last few months, we here at Obvious have been increasingly focused on Twitter. As a result, our original product, Odeo, has not gotten the attention it deserves.
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We guess Odeo could take anything between $5M and $10M based on the current popularity, site usage and brand awareness. We’ll see…

Flixster Gets Funded

Flixster, a San Francisco based social network where users rate and discuss movies, closed a round of financing today with LightSpeed Ventures. This seems to be a small round of financing - $2 million or less. Blogs reported that Sequoia Capital was competing LightSpeed Ventures in the deal (even Kleiner Perkins was involved). Flixster has recently seen very heavy user registration and page views growth, "so a sub-$10 million valuation, which this deal almost certainly was, could be considered quite cheap" reported TechCrunch.

More Funding for Brightcove

Brightcove Raises $59.5 million!

Brightcove, an online video platform and destination start-up has raised $59.5 million in new funding from strategic and large-scale institutional investors. The new investors include Maverick Capital, Brookside Capital, AllianceBernstein, The New York Times Company and Transcosmos. Existing investors such as Allen & Company, AOL, and Accel Partners participated in this round of financing.