Funding roundup - week ending in 11/14/08

Meliza Solan Surdi · November 15, 2008 · Short URL:

Lighting solutions, online dating startups are among companies that raised money

Congratulations to the following startups, for raising funds during this difficult economic period. Here are some companies in the mobile, video, digital media, social network, and advertising sectors that announced their funding this past week.
D.light Design raised $6 million from Nexus India Capital, Draper Fisher Jurvetson,  Garage Technology Ventures, Mahindra & Mahindra, Acumen Fund, and Gray Matters Capital, according to Reuters India. The startup, which won the Clean Tech competition in 2007, provides innovative and cost-effective lighting solutions. (Watch founder Sam Goldman give his pitch in the video).
Intelepeer raised $18 million from VantagePoint Venture Partners of San Bruno, according to a press release. The San Mateo-based company is a leader in on-demand rich media communications, enabling carriers, businesses, and software vendors to easily deliver voice and multimedia capabilities to any phone or network-connected device.


be2 raised $15 million from Index Ventures Growth Fund, according to Pe Hub. The London-based start up is a global matchmaking site and is unique because it uses psychological, anthropological, and sociological criteria to asses the compatibility of two personalities.


                                Digitalsmiths raised $12 million from 406 Ventures, The Aurora Funds, and Chrysalis Ventures, according to a press release. The North Carolina based company is an innovative video indexing and digital content publishing provider serving major Hollywood studios, web video destinations, media companies, and advertisers. 


Convergin raised $10 million from Pitango Venture Capital, according to a press release.The Israel and New York-based company enables businesses to respond to increased demand for solutions and telecom technologies.                 


PeerApp raised $8 million from Pilot House Ventures, Cedar Fund, and Evergreen Venture Partners, according to a press release.The Massachusetts-based company meets the bandwidth and service quality challenges of the Internet to satisfy the demand from their subscribers.


Cfares raised $3.1 million from Claremont Creek Ventures and Garage Technology Ventures, according to PE Hub. The Redwood City, California-based site is an online travel search engine that offers the best flights out there.


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cFares is a unique Internet travel service. We provide the widest selection and consistently lower prices on airfares, and back it up with the best service in the industry. cFares finds you deals from every source, including airlines, wholesalers, and online travel agencies. No other site offers more choices. cFares is not a travel agency. When you are ready to buy, cFares connects you to the site that is offering the ticket you want to purchase. You then purchase directly from that merchant. Tickets you buy from cFares are subject to the standard terms and conditions you would receive from the airlines. There are no special restrictions, and you receive the same frequent flyer benefits as you would if you purchased from any Internet travel or airline site.”

d.light design


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2 Billion people in the world currently live without access to electricity. They rely on kerosene and candles for their lighting needs. These sources of light are expensive, hazardous and polluting. We believe that in an era of unprecedented technological growth, we can bring light, safety and prosperity to millions of hardworking households. We want to make kerosene lanterns a part of history, where they belong.