Deal Roundup for August 2007: Curse, Vringo, PayScale, TreeHugger, ClubPenguin, Compete, Proxicom, Accoona, DecisionView, Streetline, Minekey, EZRez, InFact, Kaboodle, DailyMotion and more…

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 raisedР’В 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 financingР’В from Atlas Ventures and Partech International. The round puts DailyMotion’s total financing beyond that of their competitors, even MetaCafe’sР’В $45 million total financing. Dailymotion’s executive chairman, Mark Zaleski, said the new funds will ‘allow us to reach operating profitability‘.

VersionTracker Acquired by CNET

VersionTracker, an online publication for software updates, has been acquiredР’В 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 acquireР’В Chicago-based Parlano, the maker of the enterprise group chatР’В platform MindAlign. Microsoft said that it would use Parlano’s group chatР’В functionality to improve Microsoft Office Communications Server and Microsoft Office Communicator.

SayNow Lands $7.5 Million Series A

SayNow, a service that enables ‘celebritiesР’В to connect to their audience over the phone’ will announce $7.5 million Series A fundingР’В 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 networkР’В 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 FreakanomicsР’В 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 acquireР’В 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. Acquires Glimpse

Shopping search engine startup TheFindР’В has acquiredР’В the high-fashion shopping site for an undisclosed amount. It’s an early deal for Glimpse, which just launched this year. TheFind is a comparison shopping search engineР’В 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 siteР’В for mothers, has been acquiredР’В 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 ticketsР’В for concerts, games and events, has raised a round of angel fundingР’В 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

JaxtrР’В 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 investmentР’В 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 developmentР’В and sales and marketing. Raises $5M for Bookmarking and Media-Sharing Site, the social bookmarkingР’В 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 AdР’В Network

EXCLUSIVE: We had previously speculatedР’В 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 PEHubР’В and MashableР’В indicate a new $4.5 million Series B round of fundingР’В for Federated Media. Congrats! Federated Media provides advertisingР’В 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 acquiredР’В 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 searchР’В 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 lendingР’В service Lending Club will close a $10.26 million series A round of financingР’В 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 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 CreditР’В facility with the Commercial Industrial Bank . The company will use the funds to expand its electronic component procurement fulfillmentР’В 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

StreetBeeР’В has acquiredР’В JamJunky, a musicР’В composition review service. CN reviewedР’В the service when it launched three months ago and JamJunky added a Facebook applicationР’В 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 acquiredР’В a stake in Chinese community Web site, indicating a foray by the global search leader into social networkingР’В in the world’s second-largest Internet market.

Global Grind’s Pageflakes Clone Raises $4.5M in Series A Round

Global Grind, the niche start page for hip-hopР’В 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 recommendationР’В 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 acquisitionР’В to date, travel company TripAdvisor has reportedly acquiredР’В 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 BeenР’В established itself as by far the biggest travel applicationР’В on Facebook, leading #2 Cities I’ve VisitedР’В (also TripAdvisor owned) by over 1 million users.

Kongregate Closes $5 Million Series A For Casual Gaming

Casual gaming community KongregateР’В 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 gamingР’В category consists of all those addictive online flash gamesР’В 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 networksР’В and their necessary platforms, has begun the process of acquiring Splinternet Holdings, the developer of Internet telephonyР’В 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 widgetsР’В 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 worldsР’В 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 lossР’В community Diet Television will announce it’s shortened its name to 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 networksР’В online are very hot these past months after the major acquisitionsР’В done by Google, Microsoft, AOL and others.

VOIP Startup Fring Raises $12 Million Series B

Israeli-based VOIPР’В 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,Р’В 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 JumpTV

JumpTV, an online video aggregator, has acquired CyclingTVР’В 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 NBCР’В 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 callР’В advertising service VoiceStarР’В has been acquired by local advertising company Marchex. Marchex total anticipated investment to acquireР’В 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 acquisitionР’В of movie download site MovielinkР’В this evening. The price is not being disclosed (meaning it isn’t ‘material’ to Blockbuster’s shareholders), although the Wall Street Journal saysР’В it was less than $20 million.

Pickle Purchased For $4.1 Million

Photo and video-sharingР’В site Pickle.comР’В has been purchasedР’В 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-KitР’В 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 calendarР’В and organizer, has closed their series A round of financingР’В 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 siteР’В that looked like a better fit for eBayР’В than a media conglomerate, has been acquiredР’В 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 social bookmarkingР’В service, may have been acquiredР’В 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

Social music marketplaceР’В Amie Street has closed a Series A round of financingР’В led by, 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,Р’В a digital entertainment studioР’В 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 InFact

Insightful Corporation (NASDAQ: IFUL), announced today the sale of its InFact search technologyР’В and associated intellectual property rightsР’В 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 acquiringР’В 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 PartnersР’В 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 recommendationР’В 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 Files

Gabe 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 News

NYC-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 violationsР’В 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 capitalР’В 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 optimizationР’В applications for the Life Sciences industry, today announced the close of a $7 million Series C round of fundingР’В 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 offeringР’В 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 acquiredР’В Proxicom for an un-disclosed amount from Gores Technology. The deal was financed by a funding roundР’В 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 fundingР’В at $10M in Series III funding from return backersР’В 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 networkР’В / virtual worldР’В that has been on the market for some time, was acquiredР’В 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 For $10million

Discovery Communications has announced the acquisitionР’В of TreeHugger.comР’В for what is believed to be $10 million. started as an environmentally focused blog in 2004 and grew to include forums, green guidesР’В 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

PayScaleР’В 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 ringtoneР’В 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 Network

Curse, 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 investorsР’В prior to this Series A round.

Leave a Reply