FUND RAISING ROUND-UP

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1.       Groupon raises more funds at a $1.2 million valuation

2.       Online home work help site Cramster raises $6M

  • Details: Investors: Cramster.com, has secured $6M in Series B financing. Co-founded by Aaron Hawkey and Robert Angarita, Cramster is a provider of online homework help for college and high school students. Cramster previously raised a $3M Series A in September 2008 from online education entrepreneur, Shai Reshef.
  • Investors: Led by Primera Capital.  Primera Managing Partner Ori Sasson joins the Cramster board.
  • Location: USA, Pasadena, CA
  • Category: Education
  • Links: Press Release

3.       Mylikes raises $630,000

  • Details: According to TechCrunch, MyLikes has raises a $630,000 seed round. MyLikes was founded by Bindu Reddy and Arvind Sundararajan. Bindu and Arvind previously worked at Google where they were some of the key people behind Gmail, Google Base, Google Docs, AdSense and Google Video. MyLikes is a word-of-mouth advertising platform that allows the long tail of influencers on the web to create endorsements for products and services they like.
  • Investors: 11 other ex-Googlers.
  • Location: USA, San Francisco, CA
  • Category: Advertising
  • Links: TechCrunch

4.       Searchandise Commerce closes $7M in Series 2 Round

  • Details: Searchandise Commerce, an online media network for product manufacturers and their retail channel partners, has secured $7 million in venture capital funding. The new financing will be used primarily to expand the sales/marketing and operations teams. The company previously raised $7.5 million in venture capital in July 2008.
  • Investors: The Series 2 financing round was led by new investor Madrona Venture Group with participation from existing investors Cloquet Capital Partners LLC, DFJ Gotham Partners, Draper Associates, Inflection Point Ventures, Milestone Venture Partners and Wheatley Partners.
  • Contacts: John Federman, president and CEO, Searchandise Commerce: Brian McAndrews, Madrona Venture Group’s investment
  • Location: USA, Beverly, MA
  • Category: Retail,
  • Links: Press Release

5.       TweetPhoto receives $2.6 Million Series A Financing

  • Details: TweetPhoto, the real-time media sharing platform for the social web, has secured $2.6 million in a Series A financing. The company plans to use the capital to accelerate the development of its core offering, a platform of open APIs and mobile SDKs for real-time media sharing across the social web. The round will also allow the company to expand its developer relations program and to introduce new products that further strengthen its position as the preferred way for leading application developers to incorporate real-time media sharing into their applications.
  • Investors: Led by Canaan Partners, with additional investment from Anthem Venture Partners and angel investors.
  • Contacts: Sean Callahan, CEO of TweetPhoto: Deepak Kamra, General Partner at Canaan Partners: Brian Mesic, General Partner at Anthem Venture Partners
  • Location: USA, San Diego, CA
  • Category: Social Network, Software
  • Links: Press Release

6.       Tynet raises $8 million

  • Details: Tynt Multimedia Inc., the user engagement measurement, and developers of the Tynt Insight content sharing analytics service, has raised $8 million of additional venture capital financing from leading venture firms and private investors from the US and Canada. The financing will be used to introduce new products, expand sales and marketing, particularly in the US, Europe and Asia/Pacific, and to drive multiple new partnerships.
  • Investors: Led by Panorama Capital and other investors including Greycroft, Metamorphic Ventures, iNovia Capital, Disruptive Ventures, Newport Coast Investments (Chad Steelberg), W Media Ventures (Boris Wertz), Joe Apprendi (Collective Media), Allen Morgan (Mayfield Partners), Erik Matlick (Madison Logic), and Yen Lee (Uptake.com). Tynt also announced that Chris Albinson of Panaorama Capital will be joining its Board of Directors.
  • Contacts: Chris Albinson, Managing Director at Panorama Capital: Derek Ball, CEO and co-founder of Tynt
  • Location: USA, San Francisco, CA
  • Category: Publisher services
  • Links: Press Release

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