Funding roundup - week ending in 11/21/08

Meliza Solan Surdi · November 23, 2008 · Short URL:

Rave, Blyk, and Angie's List are among startups that rock it this week with funding

Siimpel raised $60 million from DOCOMO Capital, Otorola Ventures, DFJ, Global Catalyst Partners, Portage Venture Partners, Scale Venture Partners, Sun America Ventures, and Zone Venture Partners, according to PE Hub. The Arcadia, California-based company is a maker of integrated optical microsystems.

Blyk, a Finland-based mobile network targeting the 16-to-24 year-old demographic with an advertising-supported model, raised $40 million Euros, or $50.7 million, in funding. The news was announced on the company's blog

Blyk links young people with brands they like and gives them free texts and minutes every month. See: Blyk raises $50.7 million.


Angie's List raised $18 million from Lighthouse Capital partners, according to PE Hub.The Indianapolis-based website provides consumer reviews and is a word-of-mouth network for consumers.

There are more than seven hundred and fifty thousand consumers that use use this provider.


Aprius raised $20 million from Menlo Ventures, Lightspeed Ventures, and New Enterprise Associates, according to PE Hub. The Sunnyvale, California-based company develops high-speed bandwidth server interconnect systems. 


Rave Wireless raised $7 million from Bain Capital Ventures, Sigma partners, and RE Ventures, according to Venture Beat Wire. The Framingham, Massachusetts-based start up is a mobile application developer is the leading provider of safety applications for mobile users.

Agilence raised $4 million from Granite Ventures and NextStage Capital, according to a press release. The Camden-New Jersey based company is the leading provider of video-based exception reporting solutions for retailers.

announced Tuesday that it received a $4 million dollar investment from Spark Capital and Union Square Ventures. This brings yet another promising player in the race to merge our television sets with the Internet, and vice versa. Boxee’s free media center allows users to enjoy content from virtually any source, ranging from the Web to your hard drive. 
See: The line between TV and the Web is blurring




The Casual Collective raised $1 million from Lightspeed Venture Partners. 

The Berkshire, England-based social gaming site was created by the same exact developers of the games Desktop Tower Defense and Flash Element TD.

See: Quality social gaming is getting simpler





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