What you need to know - 05/23/11

Ronny Kerr · May 23, 2011 · Short URL: https://vator.tv/n/1ab5

Maybe LinkedIn isn't overvalued after all; SmartCellar lands on the iPad

Watch the second part of Bambi Francisco's interview series with Michael Lazerow, CEO and founder of Buddy Media.

CatchOfTheDay, which operates Australian e-commerce sites CatchOfTheDay.com.au and Scoopon.com.au, closed an investment for a minority stake in the company from New York-based Tiger Global Management and a group of Australian businessmen including James Packer’s Consolidated Press Holdings (CPH), Andrew Bassat, co-founder and CEO of Seek and Glenn Poswell founder of Gannet Capital.

Eightfold Logic, which just launched social writing application InboundWriter, closed $2 million in Series C funding from existing investors.

Lerer Ventures closed its second $25 million seed-stage fund.

Read some thoughts as to why LinkedIn's value may not be crazy.

Mobli, a mobile content sharing platform, has released a new app that combines YouTube, Instagram and Twitter.

Rent the Runway raised $15 million from Kleiner Perkins Caufield & Byers.

SmartCellar, a digital wine list that lets restaurant patrons easily skim through the wine section and get information, pictures, and more in one sitting, is available on the iPad.

A Welsh professional soccer player who must not be named, due to legal restrictions in the UK, has secured a court order in the British High Court requiring that Twitter reveal the identities of anonymous users on the site that tweeted his name.

Unsocial, a mobile app for connecting with new people at business events like conferences and tradeshows, secured an undisclosed round of seed funding from several unnamed angel investors.