Thu 24 May 2007
Deal RoundUp for May 23-24: Buzznet; Trulia; Feedburner; 23andMe Inc.; Blinkx
Posted by EPR-Network under Advertising, Biotech, Business, Deals, Financial, Internet & Online, Real Estate, Small Business, Social Networks, Technology, web 2.0
Social media network Buzznet today announced the closure of a $6 million round of financing led by Redpoint Ventures and Anthem Venture Partners. Buzznet is the largest social networking site you’ve possibly never heard of.
Sequoia Leads Trulia’s $10 Million Series C
Real estate search engine Trulia joins an elite Silicon Valley Club today with the announcement of $10m Series C funding in a round headed by Sequoia Capital. Trulia moved out of beta earlier this month and launched a number of new features . Sequoia is joined in the funding round by previous investors Accel and Fayez Sarofim & Co. The $10m takes Trulia’s total funding to $17.7million. The new money is being used for additional staff, product development and a new marketing push.
$100 Million Payday For Feedburner - This Deal Is Confirmed
Rumors about Google acquiring RSS management company Feedburner from last week, started by ex-TechCrunch UK editor Sam Sethi , are accurate and are now confirmed according to a source close to the deal. Feedburner is in the closing stages of being acquired by Google for around $100 million. The deal is all cash and mostly upfront, according to our source, although the founders will be locked in for a couple of years.
Google takes stake in genomics info startup
Google Inc. has taken a small stake in a biotech company that was co-founded by the wife of one of Google’s founders, Sergey Brin, Google said in a U.S. regulatory filing on Tuesday. Google said it had invested $3.9 million in the company, called 23andMe Inc., giving the Mountain View, California-based Google a minority stake in the start-up, according to a filing with the U.S. Securities and Exchange Commission .
The promised Blinkx IPO went ahead on London’s AIM index today, with the online video search provider opening at 45p and closing at 63p. AIM is a sub-market to the London Stock Exchange. The creation of Blinkx PLC ( BLNX ) was the result of a tricky series of moves from UK-based data search company Autonomy - one of our commenters earned a free pony for explaining the scenario is plain English, but unfortunately couldn’t afford the $10,000 ‘handling fee’.
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