Bain Capital Ventures Invests $12 Million in EDGAR Online

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:  F231109-338
 
Business:  EDGAR Online
Web:  http://www.edgar-online.com 
Location:  USA, New York, NY
Region:  North America
Business description:  Nasdaq – EDGR. Distributor of public company filings and provider of the XBRL financial reporting standard
Category: Financial
Contact 1:  Philip Moyer, CEO, EDGAR Online
Contact 2:  John Ferrara, CFO, EDGAR Online
Contact 3:  Jeffrey Schwartz, Founding Partner and Managing Director, Bain Capital Ventures 
Contact 4:  John Connolly, Operating Partner, Bain Capital Ventures   LinkedIn
Investors:  Bain Capital Ventures, an affiliate of Bain Capital
 
Amount raised:  $12,000,000
 
Details:  Bain Capital Ventures is to purchase $12 million worth of convertible Series B Preferred Stock of EDGAR Online. the company expects to use the newly-secured funding to scale its position in the filing business associated with XBRL, the eXtensible Business Reporting Language standard, and simultaneously invest to expand its data and subscription offerings. Jeffrey Schwartz and John Connolly, of Bain Capital Ventures, will be joining EDGAR Online’s Board of Directors.

Link:  Press Release

fabulis, a social network for gay men, raises $625K in seed 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:  F231109-337
 
Business:  Fabulis
Web:  http://www.fabulis.com
Other Web Links: Blog
Location:  
Region:  North America
Business description:  From the Fabulis Blog, “fabulis is the social network that helps gay men connect with amazing experiences nearby and around the world.”
Category: Social Network
Contact:  Jason Goldberg, founder and CEO
 
Investors:  

  • fabulis’ founder and chief executive officer, Jason Goldberg
  • The Washington Post Company.  Previously invested in Goldberg’s prior company, socialmedian.
  • Allen Morgan, angel investor and Venture Partner at Mayfield Fund. Also invested in socialmedian and in Goldberg’s first startup, Jobster (now  operating as Recruiting.com)
  • Lars Hinrichs, angel investor at Cinco Capital.  Previously founder and CEO of XING AG, which acquired socialmedian in 2009.
  • Don Baer, Worldwide Vice Chairman of communications strategy firm Burson-Marsteller.  Investor in socialmedian.
  • Additional socialmedian investors.
  • Amount raised:  $625,000  
     
    Details:  fabulis has closed $625,000 of seed financing today. The funds will beused to launch fabulis in spring 2010 simultaneously on the web and on the iPhone

    Link:  Company Announcement

    Martini Media, acquires B2B media network Decision Maker Media

    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:  F231109-313
     
    Acquirer:  Martini Media
    ACQ Web:  http://www.martinimedianetwork.com
    Other Web Links: Twitter   Blog
    Location:  USA, San Francisco, CA
    Region:  North America
    Description:  Martini Media Network connects premium advertisers with affluent consumers online – the 50M Americans with HHI $100K+. Martini’s vertical media network has over 300 invitation-only, brand-safe publisher websites focusing on the Lifestyles & Passions of the $100K+ HHI Audience, in Channels such as Sailing & Yachting, Travel, Wine, Philanthropy, Golf & Arts. Martini Life, Martini Media’s owned and operated product, is a daily, online lifestyle newsletter targeting affluent enthusiasts in the Bay Area.
    Category:  Media Owner, Advertising
    Contact 1:  Skip Brand, CEO
    Contact 2:  Ryan Kiskis, founder
     
    Vendor:  Decision Maker Media
    Vendor Web:  http://www.decisionmakermedia.com
    Other Web Links: Twitter
    Location:  USA, San Francisco, CA
    Region:  North America

    Description:  Decision Maker Media is a vertical media platform connecting Fortune 1000 advertisers with a targeted audience of top-level managers, company owners, and key decision makers in all small, mid-size and big American businesses. The company has over 750 industry specific websites across more than 70 professions and US business industries.
    Category: Media Owner, Advertising
    Contact 1:  Michael Downing, founding team
    Contact 2:  Pete Scott, Jr., founding team
    Contact 3:  Chris Redlitz, founding team
    Contact 4:  Beverly Parenti, founding team
     
    Aprox. Value:  Undisclosed
     
    Details:  Martini Media, the media group targeting affluent consumers, has acquired Decision Maker Media a vertical media platform online capturing Business-Decision-Makers. With the acquisition, Martini Media wil now have more than 40M unique users with annual household incomes exceeding $100K, on a combination of professional and lifestyle sites.
     
    Link: Press Release

    Yelp, the community-led local search site, gets a $25M investment

    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:  F231109-336

    Business:  Yelp
    Web:  http://www.yelp.com
    Other Web Links: Blog  Facebook  Twitter
    Location:  USA, San Francisco, CA
    Region:  North America
    Business description:  A website that connects people with local businesses. Yelp was founded in San Francisco in July 2004. Since then, Yelp has developed communities across the US, Canada, UK and Ireland; Yelp drew an audience of more than 26 million unique visitors in December 2009. Yelpers have written more than 9 million local reviews on everything from boutiques and mechanics to restaurants and dentists
    Category: Reviews, Directory
    Contact 1:  Jeremy Stoppelman, Yelp chief executive officer and co-founder
    Contact 2:  Marc Bodnick, a Managing Director and Co-Founder, Elevation Partners 
    Contact 3:  Bono (lead singer of Irish rock group U2), a Managing Director and Co-Founder of Elevation Partners
    Contact 4:  Fred Anderson, a Managing Director and Co-Founder, Elevation Partners  
     
    Investors:  Elevation Partners, a newly formed private equity firm that makes large-scale investments in market-leading media, entertainment, and consumer-related
     
    Amount raised:  $25,000,000 investment in Yelp through the purchase of Series E preferred stock. Elevation Partners will also seek to increase its total investment in Yelp to $100 million through a planned purchase of shares from vested employees and other eligible shareholders. 
     
    Details:  Yelp, the community-led local search site, has announced that private equity firm Elevation Partners has agreed to make a $25 million investment in Yelp. The details of the offer to purchase are expected to be announced to qualified participants in the near future. Yelp plans to use the additional funding to deepen its market leadership position throughout the US, accelerate growth in Canada and throughout Western Europe, and continue the development of innovative mobile applications.

    Link:  Press Release

    India Equity Partners acquires a 25% stake in IL&FS Education & Technology Services

    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:  F231109-312
     
    Acquirer:  India Equity Partners  
    Location:  Mumbai India
    Region:  Asia
    Description:  India Equity Partners Fund Advisors Pvt. Ltd. is a PE firm with $2bn under management. The fund focuses on companies operating in the fields of logistics, real estate, telecom, media, financial services manufacturing, life sciences and education.
    Category:  Private Equity
    Contact:  Gaurav Mathur, Managing Director, India Equity Partners
     
    Vendor:  IL&FS Education and Technology Services Ltd
    Vendor Web:  http://www.ilfsets.com 
    Location:  Mumbai India 
    Region:  Asia
    Description:  IETS is in the business of commercialisation of technology-enabled learning and teaching solutions, including web-based multimedia, educational software packages, trade in technology-based products and publication of educational material, development and sale of content and software development and maintenance of information technology-related systems, including training, project management and consultancy in respect thereof.
    Category: Education, Publishing
    Contact 1:  Mr Ravi Parthasarathy, Chairman
    Contact 2:  Hari Sankaran, Managing Director
    Contact 3:   Arun K Saha, Joint Managing Director  
     
    Aprox. Value:  Rs 140cr
     
    Details:  India Equity Partners will acquire 25% stake in IL&FS Education and Technology Services Ltd. for around Rs 140cr, valuing the company at Rs 560cr. The price per share is expected to be Rs 175. The 3 existing shareholders- Orix Corporation of Japan, HDFC and Sera fund will divest their entire stake, which amounts to 20%, and the remaining 5% will be acquired through fresh issue of share by IETS. Orix Corporation also has a JV with IL&FS in ORIX Auto Infrastructure Services Ltd. The current paid-up capital of IETS is Rs 32.31cr, comprising of 3.23cr equity shares of each.

    Link: Deal Curry

    Distributed commerce network business Alvenda raises $5M

    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:  F231109-335
     
    Business:  Alvenda
    Web:  http://www.alvenda.com
    Other Web Links: Facebook     Twitter
    Location:  USA, Minneapolis, MN
    Region:  North America
    Business description:  Alvenda operates a distributed commerce network that creates opportunities for selling on Facebook and through advertising media. Alvenda was founded in 2008 by executives with domain expertise in retail software, online retail marketing, and interactive advertising industries. In July of 2009, launched the first store on Facebook with 1-800-FLOWERS.COM.
    Category: Social Network, Retail, Advertising
    Contact 1:  Wade Gerten, CEO and co-founder
    Contact 2:  Brian Howe, Chief Strategy Officer, co-founder
    Contact 3:  Jamie Thingelstad – Chief Operating Officer and Chief Technology Officer
    Contact 4:  Michael Gorman, Managing Director, Split Rock  
     
    Investors:  Split Rock Partners www.splitrock.com 
    Round:  Series A
    Amount raised:  $5,000,000  
     
    Details:  Alvenda, Inc. has received $5 million in venture capital funding from Split Rock Partners to support its  growth. Split Rock Managing Director Michael Gorman has joined the Alvenda Board of Directors.”

    Link:  Company Announcement

    Joonto, owner of Society.me has raised $575,000

    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:  F231109-334
     
    Business:  Joonto (society.me)
    Web:  http://society.me/society/create
    Other Web Links: Twitter
    Location:  USA, Mountain View, CA
    Region:  North America
    Business description:  Society is a social publishing platform that helps people start conversations on Twitter and Facebook and to nurture and grow communities of interest.
    Category: Social Network
    Contact 1:  Leonard Speiser, President, Director and co-founder
    Contact 2:  Kelvin Zheng, co founder
     
    Investors:  Undisclosed
    Amount raised:  $575,000  
     
    Details:  Joonto, owner of Society.me, a platform that helps people nurture and grow communities of interest using social networks like Twitter and Facebook, has raised $575,000.

    Link:  Regulatory Filing

    Ad optimization firm IgnitAd raises seed capital

    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:  F231109-333
     
    Business:  IgnitAd
    Web:  http://ignitad.com
    Location:  Israel, Jerusalem
    Region:  Middle East & Africa, Europe
    Business description:  IgnitAd develops an optimization system to serve various players in the online advertising space.
    Category: Advertising
    Contact 1:  Assaf Roth, co-founder
    Contact 2:  Yaniv Bar-Lev, co-founder
    Contact 3:  Assaf Roth,  co-founder
    Contact 4:  Shai Saul, General Partner, DFJ Tamir Fishman Ventures
    Contact 5:  Uri Adoni , Partner, JVP Media Studio
     
    Investors:  DFJ Tamir Fishman Ventures and JVP Media Studio
    Round:  Seed
    Amount raised:  Undisclosed 
     
    Details:  DFJ Tamir Fishman Ventures and JVP Media Studio ( the seed investment arm of venture capital firm JVP) have made a seed investment in IgnitAd, an early-stage venture.

    Link:  Press Release

    LivePerson is acquiring web analytics company NuConomy

    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:  F231109-311
     
    Acquirer:  LivePerson
    ACQ Web:  http://www.liveperson.com
    Other Web Links: Twitter 
    Location:  Israel, Tel Aviv
    Region:  Europe, Middle East & Africa
    Description:  LivePerson (Nasdaq: LPSN) was founded in 1995. The company provides real-time access to the world’s experts and their knowledge, accross a broad range of categories.
    Category:  Directory, Technology
    Contact 1:  Robert LoCascio, CEO
    Contact 2:  Timothy E. Bixby, CFO  
     
    Vendor:  NuConomy
    Vendor Web:  http://www.nuconomy.com
    Other Web Links: Blog   Twitter
    Location:  Israel, Tel Aviv
    Region:  Middle East & Africa, Europe
    Description:  NuConomy helps companies  assess and understand website and social marketing performance with its generation web analytics and optimization platform.
    Category: Web Analytics, research
    Contact 1:  Shahar Nechmad, CEO and co-founder
    Contact 2:  Haggai Shahar, CTO and co-founder

    Aprox. Value:  Undisclosed
     
    Details:  According to TechCrunch (they also reference Israeli news site The Marker) public company LivePerson is acquiring web analytics company NuConomy.  NuConomy was founded in 2006 in Tel Aviv, Israel and is now headquartered in San Francisco, California. Its executive team is comprised of former Microsoft and Google leaders. NuConomy completed its A Round financing in 2008 from WPP Group, one of the world’s leading communications services groups.
     
    Link: TechCrunch   The Marker (in Hebrew)

    Yellow Pages Group has acquired Restaurantica

    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:  F231109-310
     
    Acquirer:  Yellow Pages Group
    ACQ Web:  http://www.ypg.com
    Other Web Links: Twitter 
    Location:  Canada, Montreal, Quebec
    Region:  North America
    Description:  Yellow Pages Group publishes more than 340 Yellow Pages and residential print directories in Canada. YPG also owns and operates Canada’s most visited online directories – YellowPages.ca and Canada411.ca, along with CanadaPlus.ca, a network of seven local city sites. YellowPages.ca can be accessed on mobile devices atmobile.yp.ca. Yellow Pages Group is indirectly held by Yellow Pages Income Fund (TSX:YLO.UN).
    Category:  Directory, Search
    Contact 1:  Marc P. Tellier, President and Chief Executive Officer
    Contact 2:  Christian M. Paupe, Executive Vice President – Corporate Services and Chief Financial Officer
    Contact 3:  Nicolas Gaudreau, Vice President, Digital Media, Yellow Pages Group
     
    Vendor:  Restaurantica
    Web: http://www.restaurantica.com 
    Other Web Links: Twitter  Blog  
    Location:  Canada
    Region:  North America

    Description:  Established in 2003, Restaurantica currently lists some 400,000 restaurants, bars and cafes, with more than 200,000 user-generated reviews on these establishments in North America. Diners in local cities can search by specific neighbourhood and by cuisine type. Restaurantica receives more than 540,000 visits and over 1.7 million page views each month (source: Google Analytics, December 2009).

    Category: Reviews, Dining
    Contact:  Lance Mohring, President of Restaurantica
      
    Aprox. Value:  Undisclosed
     
    Details:  Yellow Pages Group (YPG) has completed the acquisition of Restaurantica, one of Canada’s largest growing restaurant and dining communities.This acquisition gives YPG the opportunity to further enhance its local content and meet users’ search needs to find trusted recommendations and reviews.

    Link: Press Release