FUND RAISING: WEEKLY ROUND-UP week ending 28th March 2010

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1.       Avatar Reality raises $4.2 million

  • Details: Avatar Reality, creator of the massively multiplayer online virtual world platform Blue Mars, announced today has raised an additional $4.2 million. To date, more than $13 million has been invested in Avatar Reality.
  • Investors: Venture capitalists including Henk Rogers and Kolohala Ventures
  • Contacts: Henk Rogers, co-founder: Jim Sink, CEO
  • Location:  USA, Honolulu and San Francisco, CA
  • Category: Online games
  • Links: Press Release

2.       KidZui raises $4 Million

  • Details: Kidzui, an a safe search engine filter and online browser for kids, has raised $4 million.
  • Investors: Led by Mission Ventures led along with current investors First Round Capital, Emergence Capital Partners, and Maveron.
  • Location:  USA, San Diego, CA
  • Category: Search

3. raises £2.5 million

  • Details: has raised £2.5 million to launch a new designer furniture company that cuts out the middle man using the internet to connect buyers directly with manufacturers.
  • Investors: Brent Hoberman, Founder of MyDeco and, board director of the Guardian Media Group and Profounders Capital
  • Contacts: Ning Li, founder
  • Location:  UK, London
  • Category: Retail
  • Links: about us

4.       Placecast raises $3 million in series B funding

  • Details: Placecast raises $3 million in series B funding to expand their ShopAlerts location‐based marketing service.
  • Investors: From current investors, Quatrex Capital, ONSET Ventures and Voyager Capital.
  • Location:  USA, San Francisco, CA
  • Category: Advertising
  • Links: Press Release

Previous Fusion DigiNet article: 1020 Placecast has raised $5 million in a second round of funding November 19, 2009

5.       Wix Raises $10 Million

  • Details: Wix, which allows users to build free flash websites, has raised $10 million in Series C funding.
  • Investors: Benchmark Capital, plus existing investors Bessemer Venture Partners and Mangrove Capital Partners.
  • Location:  USA, New York, NY
  • Category: Technology
  • Links: TechCrunch

Funding News

Link: Atomico completes $165 million fundraising to invest in early-stage growth companies

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