What you need to know - 08/01/11

Several funding rounds for e-commerce companies, plus the $25+ million acquisition of Smilebox

BabbaCo, an online retail site for baby and toddler items like crafts and games, raised $1.2 million in funding led by Lightbank with participation from SV Angel.

E-commerce platform BigCommerce closed a $15 million Series A round from General Catalyst Partners.

DoughMain, a family coordination site that doubles as a financial education site for kids, secured $5 million in funding from angel investors.

Kimbia, an online fundraising site for non-profit and cause organizations, raised $4 million in a Series B round of funding led by S3 Ventures.

IncrediMail, a digital media company that builds downloadable personal productivity consumer products, signed a definitive agreement to acquire Smilebox, a consumer-focused photo sharing and social expression company. Under the terms of the agreement, IncrediMail will pay $25 million substantially in cash at closing, with additional payments of up to $15 million, dependent on certain milestones.