Funding roundup - week ending 01/21/11

16 companies, one seed and several early- to late-stage startups, raised just over $160 million

Financial trends and news by Ronny Kerr
January 21, 2011
Short URL: http://vator.tv/n/162d


vChatter, a Facebook application and standalone site that lets you video chat with friends and strangers, raised an additional $350,000 in funding from a group of angel investors led by Dave Kennedy. 


CloudTalkCloudTalk, a free text and voice messaging service, has raised $3.8 million in equity and $1.2 million in debt financing. Formerly known as Pana.ma, CloudTalk allows for asynchronous conversations by allowing users to send each other voicemail-like messages. Its platform also aggregates SMS, IM and voice all in one place.

FanBridgeFanBridge, a startup that helps everyone from rock groups to businesses manage their fan relationships, made two big announcements this week: the closing of a $2 million Series A round of financing and the acquisition of Damntheradio.

Flat World KnowledgeFlat World Knowledge, a provider of online and open-source textbooks, secured $15 million in Series B funding led by Bertelsmann Digital Media Investments (BDMI) and Bessemer Venture Partners with participation from returning investors Valhalla Partners, GSA Venture Partners (formerly Greenhill SAVP), High Peaks Venture Partners, and several angel investors.

LawPivot, a Q&A site focusing on legal questions, secured $600,000 in venture financing from Google Ventures, and high-profile angels, including David Tisch from TechStars and Richard Chen, founder of AngelPad

Letsbuy.com, a site that could be accurately described as the Best Buy of India, raised $6 million in a fundraising round led by Helion Venture Partners, with participation from Accel Partners and Tiger Global.


QwikiQwiki’s, a company whose goal is to “forever improve the way people experience information,” closed an $8 million Series A round led by none other than Facebook co-founder and elusive billionaire Eduardo Saverin.

Energy efficiency company Scientific Conservation Inc. closed a $15.65 million Series B round led by Barry Schuler, Managing Director of DFJ Growth Fund, with help from DFJ Ventures and the Westly Group.  The round brings Scientific Conservation Inc’s total funds raised to $24.65 million.

Vook, a mixed media reading platform (vook= book+video), closed a $5.25 million Series A round led by VantagePoint Venture Partners and Floodgate. The platform is a mixture of e-book reading, video clips, and social media, allowing users to read and watch video highlights while discussing passages with friends.




Q&A site ChaCha closed $3 million of additional funding including $900,000 of outstanding warrants from new investor Qualcomm Ventures. The relatively small round extends a $20 million Series F raised by the company in October 2010. ChaCha has raised approximately $75 million to date.

Cheezburger, the publisher of LOLcats, FAIL blog, and other meme websites raised $30 million from Foundry Group, Madrona Venture Group, Avalon Ventures and SoftBank Capital.



KabamKabam, a developer of massively multiplayer social games, raised a $30 million Series C funding round led by Redpoint Ventures and Intel Capital with additional funding from original investor Canaan Partners, which incubated Kabam in its seed stage. Founded in 2006, Kabam has raised $39.5 million to date.


komliIndia-based advertising network Komli Media raised $15 million in funding led by Norwest Venture Partners (NVP), with participation from existing investors Nexus Venture Partners and Helion Venture Partners. Komli has raised $28 million to date.

Perfect MarketPerfect Market, a startup that helps publishers monetize their online content, raised $9 million in Series D financing led by Comcast Interactive Capital, with participation from existing investors Idealab, Rustic Canyon Partners, Tribune Company and Trinity Ventures.

SnagFilmsSnagFilms, an advertising-supported website that lets users watch documentaries for free, raised $10 million in a new round of capital from New Enterprise Associates (NEA) and Comcast Interactive Capital (CIC) with participation from existing investors Ted Leonsis and Steve Case, former chairman and CEO of AOL.

Vidyo, provider of HD, multi-party video conferencing solutions, raised $11.5 million in new funding. Added to a $25 million round in April 2010, a $15 millionround in March 2009 and others, Vidyo has now raised $74.5 million in total.

Related companies, investors and entrepreneurs

Perfect Market
Description: Perfect Market works with professional publishers to create distribute and monetize content more effectively online. Perfect Market&rsquo...
vChatter, Inc.
Description: Launched on May 20, 2010 vChatter is already the top video chat application on Facebook. vChatter allows you to connect with friends or d...
Redpoint Ventures
Angel group/VC
Description: Geoff Yang introduces Redpoint Ventures, a VC formed in 1999 with partners from Brentwood Venture Capital and Institutional Venture Partn...
Description: ChaCha answers who, what, when, where and why, and has emerged as the No. 1 way for advertisers and marketers to engage their audience. ...
Angel group/VC
Description: AngelPad is a mentorship program founded by a team of ex-Googlers to help web-technology startups build better products, attract addition...
Description: Kabam is an interactive entertainment company leading the next wave in social gaming, developing and publishing massively multiplayer soc...
Description: Vidyo’s solutions address known cost and performance challenges impacting the broad scale adoption of internet-based video communication ...
Angel group/VC
Description: TechStars is a different. It’s a mentorship-driven seed stage investment fund located in Boulder, Colorado which is quickly becoming ...
Description: CloudTalk is a mobile broadcast service platform that integrates sms, IM and voice into a single platform. CloudTalk provides a suite of ...
Description: Vook was created in 2008 by In...
Bessemer Venture Partners
Angel group/VC
Description: In 1911, Henry Phipps founded Bessemer Securities to reinvest the proceeds of his sale of Carnegie Steel for the benefit of his descenden...

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