Archive for April, 2008

Deals of the Week

Posted in Deals, Digital Media, News with tags , , on April 28, 2008 by Dave Liu

Ning raises USD60m Series D — White label social network firm Ning has raised USD60m in a Series D round from undisclosed institutional investors. The round reportedly values the firm at roughly USD560m, post-investment, up from USD170m in Jun last year when it raised USD44m in a third round of funding.

Travel Ad Network Raised $15 million First-Round — Travel Ad Network has raised $15 million in a first-roundventure financing led by Rho Ventures and including Village Ventures and individual investors. The company, which sells advertising across more than 50 travel sites including and, will use the funding to expand operations in the U.S. and abroad and increase the size of its network.

MediaBank Raised $30 Million In Second-Round — Chicago-based provider of procurement and analytics to the advertising industry, has raised $30 million in second-round funding from New Enterprise Associates.

GamerDNA Gains $3 Million in Series A Round — Flybridge Capital Partner led a $3 million Series A round of financing for GamerDNA. The Cambridge, MA- based company operates a social network Web site for online gamers.

TripIt Closes $5.1 Million Series B Round — San Francisco, CA provider of online travel services, completed a $5.1 million Series B round of financing. Investors in the round included O’Reilly AlphaTech Ventures, Sabre Holdings, and European Founders Fund.

Nurien Software Raised $15 Million In Series A — Seoul, South Korea-based provider of social networking and online gaming services, has raised $15 million in Series A funding. Backers include Northern Light Venture Capital, Globespan Capital Partners, New Enterprise Associates and QiMing Venture Partners.

Health Plan One Raised $6.5 Million In Series A — Shelton, Conn.-based online marketplace for health insurance, has raised $6.5 million in Series A funding. Pequot Ventures led the round, and was joined by Greycroft Partners.

The Guild Inc. Raised $2.5 Million In Series C — Madison, Wis.-based online art retailer, has raised $2.5 million in Series C funding, according to a regulatory filing. Shareholders include Dolphin Equity Partners.

Vysr Inc. Raised Around $2 Million In Series A — Palo Alto, Calif.-based developer of an online voice and text communication tool, has raised around $2 million in Series A funding. Backers include Sand Hill Group and VenturEast of India.

Play Hard Sports Inc. Raised $5 Million In Series A — Foxboro, Mass.-based developer of casual sports gaming network, has raised $5 million in Series A funding from New Enterprise Associates.

MediaScrape Raised $3.2 Million In VC Funding –Montreal-based video news aggregator, has raised $3.2 million in VC funding from an undisclosed investor. Raised Bridge Funding — Sarasota, Fla.-based provider of a broker-centric online real estate search platform, has raised an undisclosed amount of bridge funding from Merrick Capital.

Tiny Prints Inc. Raised First Round — Mountain View, Calif.-based online stationary retailer, has raised its first round of outside funding from Summit Partners and Technology Crossover Ventures.

MobiTV Raises $5 Million — Mobile TV and VoD platform, MobiTV has raised USD5m in funding from Leader Ventures.

Digital Ad Network Adcentricity Raises $2.9 Million Series A — Outdoor digital advertising network Adcentricity has raised CDN3m (USD2.9m) in a Series A round led by Propulsion Ventures, a subsidiary of Canadian telco Telesystem.

Retail Convergence Inc. Raised $25 Million In Series A — Boston-based ecommerce conglomerate, has raised $25 million in Series A funding. Participants include Breakaway Ventures, New England Development, Mugar Investments and General Catalyst Partners.

RightScale Raised $4.5 Million In Series A — Santa Barbara, Calif.-based provider of automated management platform for Internet cloud computing services, has raised $4.5 million in Series A funding from Benchmark Capital.

SaysMe Inc Raised Series A Financing — Los Angeles-based provider of politics-based, consumer-driven television advertising, has closed a series A financing led by Intel Capital and Prime Capital.

Autoquake Raised $11.8 Million Second Round — U.K.-based online retailer of used cars, has closed a £6 million ($11.8 million) second round of venture capital funding led by Highland Capital Partners in conjunction with existing investor Accel Partners.