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Funding roundup - week ending 01/28/11

Not counting Facebook's epic $1.5 billion, 10 startups raised $87.2 million, half of last week

Financial trends and news by Ronny Kerr
January 28, 2011 | Comments
Short URL: http://vator.tv/n/166f

Seed

Cohuman, a workspace for coordinating people and projects online, secured $600,000 in a second round of angel funding from Diamond II Investments LLC, Jupiter Partners, Stage One Capital, and several individual angels.

Storenvy, a social shopping site and platform for free online stores, secured $1.5 million financing led by Spark Capital and First Round Capital with participation from Kleiner Perkins Caufield & Byers, Charles River Ventures and a bunch of prominent angel investors.
Early-stage

Cirtas Systems, a company making cloud storage work like onsite enterprise storage arrays, closed a $22.5 million Series B funding round led by Shasta Ventures and Bessemer Venture Partners along with first round investors.

 

Korrio, a platform for taking youth sports online, secured $3.3 million in Series A funding led by Ignition Partners with participation from private investors, including Martin Coles and Sam Schmidt.

 

Cloud gaming company Playcast Media Systems raised $10 million in Series B financing from MK Capital and JVP, with participation from existing shareholders.

 

Solar installation chain Solar Universe closed a $7 million Series B round led by RockPort Capital Partners.

 

Late-stage

Online investment network eToro has closed an $8.3 million funding round from Spark Capital, Social Leverage and existing investors. Since its founding in 2007, the company has raised $18.9 million to date.

Facebook raised $1.5 billion at a valuation of approximately $50 billion. As was rumored, Russian investment firm Digital Sky Technologies (DST), The Goldman Sachs Group, Inc., and funds managed by Goldman Sachs all participated.

On Deck Capital, a service that provides financing insight and tools for small businesses, raised a $15 million Series C round led by SAP Ventures.

Mobile advertising company Smaato closed a $7 million Series C round of institutional funding led by Singapore’s EDBI.

Indian-based coupon site Snapdeal.com received a $12 million investment led by Nexus Venture Partners and IndoUS Venture Partners. 


Related companies, investors and entrepreneurs

76
Smaato Inc.
Startup/Business
Description: <!--StartFragment--> Smaato provides Ads for Apps – operating the leading mobile advertising optimization platform called SOMA...
Plogo_cirtas-systems_cirtas facebook
Cirtas Systems
Startup/Business
Description: Cirtas solves the challenges associated with storing data in the cloud, making cloud storage work like onsite enterprise storage arrays. ...
5817
Cohuman
Startup/Business
Description: Cohuman is the simplest most powerful way to keep your team in sync. Easily delegate, prioritize and track tasks with all your teams. It ...

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