Online Remote Tech Services Business SupportSpace has raised $10 million in funding

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
 
FUND RAISING 
Database Reference:  F231109-248
Business:  SupportSpace
Web:  http://www.supportspace.com/
US Headquarters: USA, San Francisco, CA
Israeli R&D center offices: Israel, Netanya  
Business description:  Online Remote Tech Services for computers and connected devices to consumers and small and medium-sized businesses.
Category: Services
Contact 1:  Yair Grindlinger – CEO and Co-Founder
Contact 2:  Doron Elgressy – President and Co-Founder
 
Investor 1:  Emergence Capital Partners
Investor 2:  BRM Group
Investor 3:  Gemini Israel 
Round:  B Round
Amount raised:  $10,000,000
Participants:  3
 
Details:  SupportSpace has raised $10 million in funding to enhance its infrastructure, expand its team, and acquire new partners.

Link:  TechCrunch

ITV plc secures full ownership of GMTV

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
 
ACQUISITION 
FDN Database Reference:  A0235-231116
 
Acquirer:  ITV plc
ACQ Web:  http://www.itv.com
Location:  United Kingdom, London
Region:  Europe
Description:  Network of British commercial television broadcasters
Category:  Media: Entertainment
Contact 1:  ITV has made a one-off cash payment of £18m for Disney¹s 25% stake in GMTV, together with a further one-off payment of £4.25m in respect of Disney¹s share of the forecast cash balance in the business as at the year end.
 
Vendor:  The Walt Disney Company Limited
Vendor Web:  http://www.disney.com
Location:  USA, Burbank, CA
Region:  North America
Description:  Largest media and entertainment conglomerate in the world
Category: Media: Entertainment
Contact 1:  Bob Iger, President & CEO
Contact 2:  John E. Pepper, Jr., Chairman

Aprox. Value:  A one-off cash payment of £18m for Disney’s 25% stake in GMTV, together with a further one-off payment of £4.25m in respect of Disney’s share of the forecast cash balance in the business as at the year end.
 
Details:  ITV plc today announces that, via its wholly owned subsidiary ITV Broadcasting Limited, it has secured full ownership of GMTV Limited, the national breakfast-time Channel 3 licensee, having acquired the remaining 25% equity stake in the business from The Walt Disney Company Limited and one of its subsidiaries.
 
Link: Guardian

Western business angels invest in Russian online shopping site WikiMart

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference: F231109-247
Business: WikiMart
Web: http://wikimart.ru/
Location: Russia
Region: Europe  
Business description:   Russian shopping site
Category: Online shopping
Contact 1: Kamil Kurmakayev, co-founder 
Contact 2: Faldin Kurmakayev, co-founder
 
Investors:  Michael van Swaaij (Skype and eBay Europe); Mark Zaleski and Robert Dighero (QXL ricardo); Suvir Sujan (founder of Baazee), Fabrice Grinda (founder of Aucland, Zingy.com, OLX.com), Alec Oxenford (founder of OLX, DineroMail.com, DeRemate.com); Jose Marin (founder of deRemate.com) and Kerim Baran (founder of Yonja.com)
  
Amount raised: Undisclosed  
 
Details: Quintura reports that a group of Western business angels has invested in Russian online shopping mall WikiMart. The investment was made in May-June 2009.

Link: Quintura/Yakov

Evernote has raised $10 million in a “B” round!

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-246
Business:   Evernote
Web:   http://www.evernote.com/
Location:   Mountain View, CA
Region:   North America
Business description:   Notes ap for computer, phone, and the web. Handwriting recognition and digital ink software and technologies.
Category:  Software aps
Contact 1:   Phil Libin, CEO 
 
Investor 1:   Morgenthaler Ventures
Investor 2:   Troika Dialog
Investor 3:   DOCOMO Capital
Round:   B Round
Amount raised:   $10,000,000
Participants:  3
 
Details:  Evernote has raised $10 million in a “B” round! The lead investor is Silicon Valley venture capital firm Morgenthaler Ventures. Troika Dialog and DOCOMO Capital,  “A” round investors, participated as well. The service, which is available in English and Russian, works online and on mobile devices BlackBerry, iPhone, Windows Mobile and Palm Pre as well as on Windows and Mac computers.

Link:   Evernote CEO’s blog (dated 25-11-09)

Machinima.com has raised $1.7 million

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-245
Business:   Machinima.com
Web:   http://www.machinima.com/
Location:   ISA, Los Angeles, CA
Region:   North America
Business description:   online entertainment network showing original videos from your  video games
Category  Games
Contact 1:   Allen DeBevoise, Chief Executive Officer 
 
Investor 1:   MK Capital
 
Amount raised:   $1,700,000 
 
Details:   Machinima.com has raised $1.7 million in funding, according to an SEC filing. They also have the potential to increase funding to $2,500,000.

Link:   Regulatory  Filing 

Seattle angels back DevHub

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-244
Business:   EVI Media Group
Web:   http://www.evomediagroup.com/
Location:   USA, Seattle, WA
Region:   North America
Business description:   EVO operates a  network of niche websites and web-based platforms. Their flagship product is DevHub.
Category  Mark Michael, co-founder
Contact 1:   Include Voyager Capital’s Geoff Entress, WhitePages CEO Alex Algard, Intel Capital’s Jeff Schrock and former Disney Online president Richard Wolpert

Dollars:   $1500000
 
Details:   A group of angel investors as well as an undisclosed private equity firm are pumping $1.5 million into EVO Media Group, the operator of the DevHub.com Web site hosting platform.

Link:   TechFlash

Naspers/MIH Group to acquire between 38% and 100% stake in Astrum Online Entertainment

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
ACQUISITION 
FDN Database Reference:  A0235-231115
 
Acquirer:  Naspers
ACQ Web:  http://www.naspers.co.za/
Location:  South Africa
Region:  Middle East and Afica
Description:  Naspers is a multinational media company with principal operations in electronic media and print media.
Contact 1:  Ton Vosloo, managing director
 
Vendor:  Astrum Online Entertainment
Vendor Web:  http://www.astrumonline.ru
Location:  Russia
Region:  Europe
Description:  Interactive entertainment market
Contact 1:  Sergey Orlov, vice president Astrum
 
Details:  Federal Antimonopoly Service (FAS) of Russia has granted a permission to Naspers/MIH Group to acquire between 38% and 100% stake in online game developer and publisher Astrum Online Entertainment from DST (Digital Sky Technologies). Tthe transactions between Naspers and DST is part of a merger between online portal Mail.ru and Astrum Online. The merger is expected to include both stock and cash transactions. DST owns a 53% stake in Mail.ru and majority stake in Astrum Online while Naspers/MIH Group owns a 43% stake in Mail.ru. Astrum Online’s revenues were estimated at $50 million last year.
 
Link: Kommersant

Nival Network is in the process of closing a $5 million round from an undisclosed investor.

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
 
FUND RAISING 
Database Reference:  F231109-243
Business:  Nival Network
Web:  http://www.nival.com/
Location:  Russia
Region:  Europe
Business description:  Online game developer
Category Games
Contact:  Sergey Orlovskiy, founder & CEO
 
Investor:  Undisclosed
Dollars:  $5,000,000
 
Details:  Nival Network is in the process of closing a $5 million round from an undisclosed investor. Should be closed by the end of the year.Nival Network develops, publishes and operates free-to-play online games in Russia and former Soviet countries. The company’s game portfolio includes such MMORPG titles as Dragonica; Shaiya: Light and Darkness; Cabal Online, multiplayer racer Level-R, browser-based strategy offering Khan Wars 2.0 and music game RockFree.

Link:  Vedomosti

Life360 Locks Down $750k in Latest Funding Round

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

 
FUND RAISING 
Database Reference:  F231109-242
Business:  Life360
Web:  http://www.life360.com
Location:  USA, San Francisco, CA
Region:  North America
Business description:  Online service for managing family safety and security
Category Social Network
 
Investor 1:  Seraph Group
Investor 2:  LaunchCapital
Investor 3:  Founders Fund (via FF Angel)
Investor 4:  Band of Angels
Investor 4:  Mark Goines
 
Round:  Series B
Dollars:  $750,000
Participants:  5
 
Details:  Life360 has raised $750,000 in their most recent round of funding. Investors include Founders Fund, early Mint.com investor Mark Goines, LaunchCapital and the Seraph Group. Life360 previously received support from some of the top names in technology. In 2008, they won the Google Android developer challenge and $300k in funding from Google. In spring 2009, Life360 was declared an fbFund finalist, earning an investment from Facebook and an invitation to participate in the fbFund REV

Link:  Press Release

Milo.com Announces $4 Million of Series A Funding

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-241
Business:  Milo.com
Web:  http://www.milo.com
Location:  USA, Palo Alto, CA
Region:  North America
Business description:  Free online shopping engine that enables shoppers to research online and buy locally.
Category Online shopping
Contact 1:  Jack Abraham, founder and CEO
Contact 2:  John Evans, founder and CTO
 
Investor

Led by True Ventures (Co-Founder Jon Callaghan)

In addition to True Ventures, the A Round included the following prominent angel investors.

•Magid Abraham, comScore
•Harris Barton, former 49er
•Jeff Clavier, SoftTech VC
•Ron Conway, SV Angel
•Chris Dixon, Hunch, SiteAdvisor
•Russ Fradin, Adify
•Kevin Hartz, Eventbrite, Xoom, ConnectGroup
•Jawed Karim, YouTube
•Len Lodish, The Wharton School
•Aaron Patzer, Mint.com/Intuit
•Keith Rabois, Slide, PayPal, Yelp, LinkedIn, YouTube
•Aydin Senkut, Felicis Ventures
•Maurice Werdegar, Western Technology Investments

Round:  Round A
Dollars:  £4,000,000
Participants:  >14
 
Details:  Milo.com has raised $4 million in Series A financing. True Ventures led the round, joined by a Who’s Who of Silicon Valley, including key leadership from Mint.com, PayPal, Yelp, and YouTube. By searching the inventory systems of local stores in real time to find the products shoppers want, Milo.com combines the advantages of an Amazon-like experience with the ability to touch, feel and get products now at a local retailer.

Links:  Press Release