From today Fusion DigiNet will provide a weekly round-up of fund raising in the Digital and Media industries.
The Fusion DigiNet daily service will concentrate on M&A activity. This will allow us to provide more dept to our M&A coverage. M&A is, after all, Fusion’s speciality area.
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Already reported
- Baidu’s online video company to receive $50M investment from Providence Equity Partners
- Visual and interactive platform for local search company EveryScrape raises £6M
The rest of the week’s stories
1. Backupify has raised $900,000
- Backupify the online data backup and storage provider for businesses to seamlessly back up their critical cloud data, today announced that it has closed a Seed Round of $900,000. The company, which launched in June 2009 with a sole focus on the consumer market, will use much of the funding to create services for business customers, the first being an automated solution for business customers to back up their enterprise data that already resides in the cloud.
- Investors: First Round Capital led the round, with investments from General Catalyst Partners, Betaworks and individual investors Chris Sacca, Jason Calacanis, Andy Swan and Bob Saunders. Charlie O’Donnell from First Round will sit on the Board of Directors and Josh Kopelman from First Round and David Orfao from General Catalyst Partners will join the company’s Board of Directors as observers.
- Location: Louisville, KY
- Category: Cloud Computing
- Press Release
2. Busuu.com has raised an undisclosed sum
- Busuu.com an online community offering free language courses has raised an undisclosed sum from an Austrian investor
- Location: Spain, Madrid
3. Clicker has raised $11 million
- Clicker Media Inc. creators of Clicker, the programming guide for Internet television, announced today that it has received a Series B investment totalling $11 million. The funding will be used to support the long-term development of Clicker’s product line and partnerships with major consumer electronics, connectivity and content providers.
- Investors: The round was led by Palo Alto-based JAFCO Ventures, with participation by Series A investors Benchmark Capital and Redpoint Ventures.
- Location: USA, Los Angeles, CA
- Category: Television, Technology
- Press Release
4. Currensee has raised $8 million
- Currensee Inc., the Forex trading social network that connects traders from around the world based on real-time trades, has secured $8 million in Series B financing for total funding of $12 million.
- Investors: Led by Northbridge Venture Partners, the round includes new investor, Egan-Managed Capital. Travis D. Connors, partner at Egan, will join the Currensee Board of Directors.
- Location: USA, Boston, MA
- Category: Social Network, Finance
- Press Release
- Related Fusion DigiNet entry:
5. Dukky has raised a second round of funding
- Dukky a direct response company that utilizes proprietary social sharing technology to increase marketers’ response rates, announced today that it received a second round of funding. With this latest round, the company has received a total of $3 million of capital to date.
- Investors: A group of investors led by LongueVue Capital
- Location: USA, New Orleans
- Category: Marketing
- Press Release
6. KODA has raised $1.5 million
- KODA the online community for employers to recruit young professionals has received an additional $1.5 million infusion in private angel funding. The funds will support the company’s growing user base and continued community expansion.
- Location: San Francisco, CA and New Orleans, LA
- Category: Recruitment
- Press release
7. Moonshoot has raised $6.6 million
- Moonshoot, a startup whose mission is teaching English to children globally through an online gaming experience, has raised a total of $6.6M in venture backed financing.
- Investors: Led by Alsop Louie Partners and TL Ventures. Gilman Louie of Alsop Louie Partners and Anthony Chang of TL Ventures have joined Moonshoot’s Board of Directors.
- Location: USA, Palo Alto, CA
- Category: Education
- Press release
8. Mog.com raises $9.5 million
- Subscription music service Mog.com has closed a second round of funding.
- Location: USA, Berkeley, CA
- Investors: Previous investor Menlo Ventures and VC firm Balderton Capital
- Category: Music
9. Music Mastermind raises $4.85 million
- Music Mastermind, the company has developed technology that makes music creation fun, easy, and intuitive for everyone, regardless of musical ability, has raised $4.85 million in Series A funding.
- Location: USA, Calabasas, CA
- Category: Music
- Press release
10. MyEdu raises $5.5 million
- MyEdu, the online source to increase success and save money in college, today announced $5.5 million in series B funding. MyEdu plans to use the funding to expand its university partner network and introduce new services to help millions of users nationwide achieve a college degree more efficiently.
- Investors: led by Bain Capital Ventures, the venture capital affiliate of Bain Capital.
- Location: USA, Austin, TX
- Category: Education
- Press Release
11. PeerPong has raised $2.8 million
- Expert community and search company PeerPong has raised $2.8 million.
- Investors: Doll Capital Management, First Round Capital, Charles River Ventures and Partech International.
- Location: USA, San Francisco, CA
- Category: Search
12. Smilebox has raised $2 million
- Online photo and music scrapbook service Smilebox has raised $2 million. The funds will be used for European expansion.
- Location: USA, Redmond, WA
- Category: Consumer website
- Related Fusion DigiNet entry: Scrapblog, a website that lets you create your own personalised scrapbook, has raised $2.5M
13. Rent The Runway has raised $15 million
- Online designer dress rental company Rent The Runway has raised $15 million.
- Location: USA, New York, NY
- Category: Retail
- New York Times article
