Digital Media VC


Chinese Online Video Site PPS.tv Gets $20 Million Funding — The Chinese online video funding boom may be abating a bit, but the timing of this one predates the economic crisis in its current form. PPS.tv, a Chinese online video site, has received $20 million in its third round of funding, though the company makes clear this was closed prior to the Beijing Olympic Games. LB investment led the investment, followed by Ceyuan Ventures and Qiming Venture Partners. LB is a strategic investment company affiliated to LG (SEO: 066570) Electronics.

WideOrbit Gets $9.5 Million for Ad Trafficking, Analytics — SF-based advertising analytics startup WideOrbit has received $9.5 million in a fourth round of funding, VentureBeat reports. Mayfield Fund led the round, which isn’t closed—as the firm is hoping to wind up with a solid $10.3 million.

Mail.com Raises $35 Million in Fourth Round — White label e-mail provider Mail.com has raised $35 million in a fourth round of funding. Quadrangle Capital Partners led the round, with WI Harper Group and Novel TMT Ventures also participating.

AdMob Raises $15.7 Million in In Series C — San Mateo, Calif.-based mobile advertising marketplace, has raised $15.7 million in Series C funding. Sequoia Capital’s Growth Fund led the round, and was joined by Accel Partners. The company had previously raised $18.6 million from Accel and Sequoia.

Brightstorm Raises $6 Million in In Series A — San Francisco-based online learning network for teens, has raised $6 million in Series A funding from KTB Ventures.

LinkedIn Raises Another $27 Million, From McGraw-Hill, Among Others — Forget the nuclear winter that Andreesen talked about….the new thing is the Hydrogen bomb winter. And that’s what LinkedIn is preparing for. It has raised another $22.7 million in additional funding, with the purported reason of getting more monetary cushion to ride through the economic downturn, and pick up some other strategic assets on the cheap if they come along. The new money is from previous investor Bessemer Venture Partners, and new investors SAP, Goldman Sachs, and interestingly, McGraw-Hill, which has an extensive deal with LinkedIn on BusinessWeek.com, and supposedly one of the potential acquires for the company (though not affordable at the current valuations).

Metaplace (f.k.a. Areae Inc.) Raised $6.7 Million In New VC Funding — San Diego-based developer of a platform that allows users to create virtual online worlds, has raised $6.7 million in new VC funding. Marc Andreessen and Ben Horowitz were joined by return backers Charles River Ventures and Crescendo Ventures.

Martini Media Network Raised Undisclosed Amount In Series A — San Francisco-based online ad network focused on affluent individuals, has raised an undisclosed amount of Series A funding from Venrock, according to VentureWire.

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