Wed 13 Jun 2007
Deal RoundUp for June 12-13: PayPerPost; Cricinfo; Me.dium; EditGrid; Openads; Cuts; EveryZing; Kyte; Lijit
Posted by EPR-Network under Advertising, Business, Computers, Deals, Entertainment, Financial, Internet & Online, Marketing, Media, Small Business, Social Networks, Software, Technology, web 2.0
Lijit to Close on $3.3M in Second Round of Funding
Lijit , the personal network search tool, reportedly has plans to close on a $3.3 million venture round this month. The company had already raised $900,000 in venture capital and angel funds earlier this year (covered here ), with investors including Colorado Fund, Brad Feld, Seth Goldstein and Paul Berberian. It also landed a partnership with Feedburner to provide search services for Feedburner’s network. Kyte Gets Investment from Nokia
Kyte , the video-sharing and distribution site, has received investment from Nokia Growth Partners for an undisclosed amount. See our initial review of Kyte here . The deal hits at an upcoming mobile distribution strategy for the video content, which is designed to offer more control from the user and a way of broadcasting multimedia content across the web.
PodZinger, Now EveryZing, Raises $10M in Funding
PodZinger, the search engine for podcasts and videos, has been renamed EveryZing, and has raised $10 million in funding led by Fairhavent Capital, Accel and General Catalyst, bringing the company’s total funding amount to $15 million.
About four months since launch , web video editor Cuts.com has been acquired by Rifftrax, a site featuring DVD commentary by Michael J. Nelson of MST3K . No word on the price. The online video editing space has become increasingly competitive. Click.tv recently joined the deadpool , with plans to reorganize.
Openads Opensource project Raises $5 million
Openads , the developer of a popular seven year old opensource ad server , have spun out of London based ad network Unanimis and raised $5 million in capital to fund their business. The round was led by Index Ventures, with participation from First Round Capital, Mangrove Capital Partners, and O’Reilly AlphaTech Ventures. Index Ventures’ Saul Klein joined the company’s board of directors. Josh Kopelman of First Round Capital also mentioned their investment it on his personal blog.
Team and Concepts Raises $1.25million Series A
Team and Concepts Limited , the Hong Kong based company behind online spreadsheet service EditGrid , has announced a $1.25 million Series A investment from the WI Harper Group . WI Harper’s previous investments include Laszlo Systems and Maxthon.
Me.dium , the social browser add-on, has raised $15 million in a second round of funding , bringing its funding to total $20 million, and coming from Commonwealth Capital Ventures, Spark Capital, Appian Ventures, Brad Feld and Elon Musk. Read here for our initial review.
ESPN acquires Cricinfo website
Leading cricket website Cricinfo has been acquired by ESPN as part of the US broadcaster’s push to grow its global presence in online sports reporting. The site, much loved by statistics-obsessed cricket fans across the world, has been bought from The Wisden Group, publishers of the sport’s ‘bible’ the annual Wisden Cricketers Almanac, for an undisclosed fee.
PayPerPost Raises $7 million More
Controversial pay-per-post startup PayPerPost has raised $7 million in a second round of financing , bringing their total raised capital to just over $10 million. Like their previous round from last October the financing was led by Draper Fisher Jurvetson, with participation from Inflexion Partners and Village Ventures. New investor DFJ Gotham, a fund affiliated with Draper Fisher Jurvetson, also participated.
PermissionTV Gets $9M in Third Round of Funding
PermissionTV , an online video platform for creating branded Internet television channels, has closed on its third round of funding for $9 million. The round was led by Castile Ventures and Point Judith Capital. Existing investors include Common Angels, CramerOnline, inflection Point Investors, the Massachusetts Technology Development Corp., SAS Investors and the Venture Capital Fund of New England, bringing the total amount raised for PermissionTV to $18 million.
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