Active.com, Conviva, SpeedDate are among those that received funds
Here's a look at some of the funding announcements across the social network, community, video, digital media and advertising sectors.
The biggest fundraising announcement came from Active.com, a community site that focuses on sports. The
San Diego-based Active.com, a community site that focuses on sports raised $80 million from Canaan Partners, North
Bridge Venture
Partners, and Performance Equity
Partners in this round. The amount brings the company's total funding raised to $275 million, according to PEHub.
San Mateo, Calif.-based Conviva raised $20 million. The live video media platform source was backed by UV Partners with participation from Series A investors New Enterprise Associates (NEA) and Foundation Capital, according to a release.
Online speed-dating service, SpeedDate.com, raised $6 million from Menlo Ventures. Launched 10 months ago, SpeedDate has millions of users in 190
different countries, has been growing at 50% per month, and hosts over 100,000 online speed dates every day, which is estimated to be more
daily speed dates than occur offline in the entire United States, according to PEHub.
StudioNow Inc., which helps produce inexpensive videos, raised $2.38 million in a Series A round, according to VentureWire. Clayton Associates, a Franklin, Tenn.-based private equity firm and existing investors were behind the deal, according to VentureBeat.
Cambridge, Mass-based JumpTap raised a fourth round of funding of $23 million. JumpTap is a mobile search and
advertising company. AllianceBernstein
led the round, and was joined by earlier investors Catalyst
Partners, Redpoint Ventures, Summerhill Venture Partners, Valhalla
Partners and WPP. The company has raised a total of $73 million in
total VC funding, according to PEHub.
Norwest Venture Partners led a $10 million Series B round in Brand.net, an online ad network that is
focused on exclusively on brand
advertising. “Brand advertising is the biggest growth
opportunity online,” said Robert Abbott,
General Partner, Norwest Venture Partners, who will be joining Brand.net’s
board of directors," according to a release.
Lexington, Mass-based Mall Networks, a provider of merchant-funded loyalty shopping solutions, raised $7 million in Series B funding. Dace Ventures led the round, which included Flybridge Capital Partners, Venture Capital Fund of New England and LBO Enterprises, according to PEHub.
Online photo-sharing and fundraising service for schools, PicateersInc., raised $66 million from Norwest Venture Partners and Storm Ventures, according to the San Francisco Business Times.
(Image sources: Princesspromenade
Related Companies, Investors, and Entrepreneurs
WeMix.com
Startup/Business
Joined Vator on
WeMix is a new media company founded in 2007 as a joint venture between Disturbing Tha Peace Entertainment and MegaMobile TV.How did WeMix get started? Matt Apfel, a reality TV producer, creative executive, and founder of MegaMobile TV, had an idea for a show about mashups between fans and rock stars. He sat down with Ludacris and DTP CEO Chaka Zulu and discovered that they wanted to do something similar.
Blessed with a group of forward-thinking angel investors, we've built WeMix to be a better way for the world to share and create original music. Together.
It's a simple deal: you sign up, create your page, upload your original songs, beats, vocals, riffs, and more. As a member you can collaborate on songs, offer feedback, and share ideas for new music with others. Most importantly you can vote for your favorite songs.
The top performers get a shot to turn their demos into real records—by collaborating with star musicians like Luda and with the entire WeMix community. And we'll put the whole thing on TV.
We hope you're as fired up about WeMix as we are.