Archive for the Deals Category

Digital Media M&A

Posted in Deals, Digital Media, News with tags , , , , , , , , , , , , on January 16, 2009 by Dave Liu

Huffington Post Acquires Comedy News Site 236.com From IAC — Huffington Post is wasting little time in putting last month’s $25 million funding to work: as expected, the company says it’s buying comedy news site 236.com. The comedy site was created in Nov. 2007 as part of a joint venture between Huffington Post and IAC (NSDQ: IACI). Now, after a year as a standalone, 236.com will be integrated into Huffington Post as a vertical channel. The purchase represents Huffington Post’s recognition that it needs to expand its offerings beyond straight commentary, now that the presidential campaign is over and traffic and advertising are expected to fall off. 236.com claims roughly 2 million unique users a month, which is a drop compared to HuffPo’s 16 million monthly uniques.

TheKnot Expands Social Net Offerings To New Moms, Acquires Breastfeeding.com — Wedding planning and content site The Knot has acquired a community site aimed at new mothers called Breastfeeding.com. Terms weren’t disclosed. The addition of Breastfeeding.com to The Knot follows a few other acquisitions of the past year that are designed to expand the company’s purview beyond nuptials and into what often comes after. In particular, The Knot has been focusing on pregnancy sites, such as the purchase of TheBump.com for $1.4 million last February, as well as parents community TheNestBaby.com and general parenting site Lilaguide.com, which were added in 2007.

Online Marketing Firm Theorem Acquires Interactive Designer Webpencil — In the latest in a series of deals in the online-marketing space over the past two days, Theorem has acquired Webpencil, an interactive ad design firm, for an undisclosed sum. N.J.-based Theorem offers campaign management and analytics services for search, display and email ads, and the addition of Webpencil gives the firm a creative arm with rich-media experience. Las Vegas-based Webpencil’s client roster has included the Obama campaign and CareerBuilder, and founders David and Cheryl Rosowsky will remain with the company in their current roles. The other recent activity in online marketing includes new funding for Goodmail, Yodle, Go Internet Media and avVenta.

Donnerwood Media Merges Meez Brand With Pulse Entertainment; Gets New Funding, CEO — Several big changes at avatar-based social-networking service Meez … The company is merging with Pulse Entertainment, a mobile entertainment platform also built around avatars. Meez’ service is primarily Web- and IM-based, with brand sponsorship of virtual goods like clothing and accessories for the avatars, while carriers like AT&T and Verizon Wireless offer subscribers Pulse’s animated messages. Both companies are based in San Francisco, and the new joined entity will use the name Meez.

Digital Media VC

Posted in Deals, Digital Media, News with tags , , , , , , , , , , , , , on January 15, 2009 by Dave Liu

Yodle Raised $10 Million In Series C — New York-based provider of local online advertising and lead generation, has raised $10 million in Series C funding. JAFCO Ventures led the round, and was joined by return backers Draper Fisher Jurvetson and Bessemer Venture Partners.

SocialVibe Raised $8 Million In Series B — Los Angeles-based social media monetization platform, has raised $8 million in Series B funding. JAFCO Ventures led the round, and was joined by return backer Redpoint Ventures.

SimpleTuition Raised $6 Million In Series C — Newton, Mass.-based online student loan comparison site, has raised $6 million in Series C funding, according to a regulatory filing. Backers include Atlas Ventures, Flybridge Venture Capital and North Hill Ventures.

RevaHealth.com Raised Euro1.25 Million — Dublin, Ireland-based provider of a global health clinic search engine, has raised €1.25 million in new VC funding. Existing backer Mianach Venture Capital led the round, and was joined by Enterprise Ireland.

Go Internet Media Raised $10 Million In Series A — Santa Clara, Calif.-based online advertising network focused on consumer acquisition services, has raised $10 million in Series A funding led by Kennet Partners.

NewsGator Technologies Raised $10 Million In Series E — Denver-based provider of content aggregation tools and services, has raised $10 million in additional Series E funding. Return backers include Masthead Venture Partners, Mobius Venture Capital and Vista Ventures.

United Sample Raised $3 Million In Series B — Encino, Calif.-based provider of online sample solutions for the market research industry, has raised $3 million in Series B funding. Greycroft Partners led the round, and was joined by return backer DFJ Frontier.

Schoolwires Raised $12 Million In First Round — State College, Penn.-based provider of online portals and content management solutions for K-12 schools, has raised $12 million in its first round of institutional funding. Kennet Partners led the round, with Kennet principal Eric Filipek joining the company’s board of directors.

Motionbox Raised $6 Million In Series C — New York-based personal video sharing and storage site, has raised $6 million in Series C funding. Constellation Ventures led the round, and was joined by fellow return backers Canaan Partners and SAS Investors.

Meez Raised Undisclosed Amount Of VC Funding — San Francisco-based social entertainment community, has raised an undisclosed amount of VC funding led by Anthem Venture Partners. The company also acquired Pulse Entertainment Inc., a San Francisco-based provider of avatar messaging services for mobile phones and websites. Meez had previously raised VC funding from Battery Ventures and Transcosmos, while Pulse had raised over $50 million from firms like Anthem, DFJ, El Dorado Ventures, Encore Venture Partners and Mobius Venture Capital.

ServiceChannel.com Raised Undisclosed Amount Of Series B — Albertson, N.Y.-based provider of online tools for contractors to collaborate with facilities managers, has raised an undisclosed amount of Series B funding led by SJF Ventures.

Kewego Raised $6.2 Million In Funding — Internet video company based in Paris, raised $6.2 million (4.7 million Euros) from Banexi Venture Partners and CDC Entreprises.

Digital Media VC

Posted in Deals, Digital Media, News with tags , , , , , , , , on January 10, 2009 by Dave Liu

Superfish Raised $5.3 Million In Series B — Visual search engine startupwith offices in Israel and Silicon Valley, has raised $5.3 million in
Series B funding, according to a regulatory filing. Backers include DFJ Tamir Fishman Ventures, The Individuals’ Venture Fund and Xenia Venture Capital. Board members include Andreas Stavropoulos of DFJ.

Play Hard Sports Raised $8 Million In Series B — Foxboro, Mass.-based provider of sports-focused MMO games, has raised $8 million in Series B funding, according to a regulatory filing. Return backer New Enterprise Associates participated, alongside an outside lead. The company is run by former Turbine CEO Jeffrey Anderson, and had previously raised a $5 million Series A round. http://www.playhard.net

Major League Gaming Raised $7.5 Million — New York-based professional video game league, has raised $7.5 million in follow-on funding from Oak Investment Partners. It had previously raised $25 million.

JibJab Raised $7.5 Million In Series C — Venice, Calif.–based provider of digital greetings and online entertainment, has raised $7.5 million in Series C funding. Overbrook Entertainment and Sony Pictures Entertainment joined return backer Polaris Venture Partners. The company had previously raised around $10 million.

Digital Entertainment Corp. of America Raised $10 Million In Series B — Rustic Canyon was joined by return backers Atomico, General Catalyst Partners and Mayfield. The Santa Monica, Calif.-based company was founded to actively identify, develop, finance, market, and distribute interactive entertainment concepts and properties across the Internet. http://www.deca.tv

Digital Media M&A

Posted in Deals, Digital Media, News with tags , , , , , , , on January 10, 2009 by Dave Liu

Ziff Davis Gets Out Of The Game: Sells 1UP To Hearst, Shutters EGM Mag To Focus On PCMag Network — Looking to conserve its resources for its PC Mag Digital business, Ziff Davis Media has sold off the 1UP Digital Network, its collection of video game sites, to Hearst Corp., which will fold it into the UGO Entertainment division. In conjunction with the sale, the related print mag Electronic Gaming Monthly will publish its last issue this month.

Digital Media M&A

Posted in Deals, Digital Media, News with tags , , , , , , on January 3, 2009 by Dave Liu

Consumers Union To Buy Gawker’s Consumerist.com — Consumers Union is buying Consumerist.com from Gawker Media, according to the New York Times—meshing the non-profit publisher’s interest in expanding its reach to a younger online crowd with Nick Denton’s latest blog diet. (The Times, the average age of a print Consumer Reports sub is 60 and ConsumerReports.com is 50, while the snarkier Consumerist draws from the 18-49 crowd.) Kevin McKean, VP and editorial director of Consumers Union, told the NYT the blog would be part of a new division, that the current editors would stay on and that the style would stay the same. Two contributors who were laid off by Gawker will rejoin the site in January. No terms disclosed.

Digital Media VC

Posted in Deals, Digital Media, News with tags , , , , , , on January 3, 2009 by Dave Liu

BandMetrics Raised Undisclosed Amount — Band Metrics, an Atlanta-based online music trends analytics and analysis firm, has received an angel round of financing. The investment was led by Allen Graber, a technology investor and entrepreneur.

Hoodiny Raised Undisclosed Amount — Hoodiny Entertainment, a Latin-focused digital entertainment company and parent of music and social network Cyloop.com, has received an undisclosed amount of investment from Constancio Vigil. The Miami Beach, Fla. company has previously raised $11 million from angel investors.

JAZD Markets Raised 8 Million First Round — The online B2B directory firm, based in Andover, MA, has closed an $8 million first round of investment in the company. The round of investment was jointly led by Commonwealth Capital Ventures and Pilot House Ventures. It has sites such as Jazdchemicals.com, Jazdenergy.com, Jazdpackaging.com and many others.

Digital Media VC

Posted in Deals, Digital Media, News with tags , , , on December 26, 2008 by Dave Liu

Ferrell-Backed Comedy Site Raises $3 Million — FunnyOrDie, the company with a network of online content site and backed by Will Ferrell and Sequoia Capital, has raised a new round of $3 million from one undisclosed investor, according to an SEC filing. No word on whether this is a new tranche, or part of the $15 million it raised earlier this year.