Business, SimpleTuition Acquires TuitionCoach

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:  F231109-257
 
Acquirer:  SimpleTuition
ACQ Web:  http://www.simpletuition.com
Location:  USA, Newton, MA
Region:  North America
Description:  Personalized student loan research and comparison
Category:  Financial information
Contact:  Kevin Walker, co-founder and CEO
 
Vendor:  Tuition Coach
Vendor Web:  http://www.tuitioncoach.com
Location:  USA, San Matwo, CA
Region:  North America
Description:  Personalized college financial guidance
Category: Financial information
Contact 1:  Monisha Perkash, co-founder and CEO

Aprox. Value:  Undisclosed
 
Details:  SimpleTuition, Inc., online student loan research and comparison, has acquired TuitionCoach, a website for personalized college financial guidance. Terms of the deal were not disclosed.
 
Link: Press Release

Financial information and analysis community Seeking Alpha has raised $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:  F231109-256
 
Business:  Seeking Alpha
Web:  http://seekingalpha.com
Location:  USA, New York, NY
Region:  North America
Business description:  Stock market opinion and analysis, and  finance discussion.
Category: Media owner
Contact 1:  David Jackson, Founder
Contact 2:  Mick Weinstein, Editor-in-chief
 
Investors:  Led by first-time investor DAG Ventures with participation from existing investors Benchmark Capital and Accel Partners.
 
Round:  Round B
Amount raised:  $7,000,000
Participants:  3
 
Details:  Financial information and analysis community Seeking Alpha has recently closed a Series B round of financing of around $7 million.
Link:  TechCrunch

HipLogic Secures $7 Million in Series B Funding to Deliver Smartphone Experience to Mass Market Phones

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:  F231109-255
 
Business:  HipLogic
Web:  http://www.hiplogic.com
Location:  Fremont, CA
Region:  North America
Business description:  The HipLogic platform improves content and application discoverability, provides a consistent user experience across all handset models, and optimizes data traffic on cellular networks.
Category: Mobile
Contact:  Mark Anderson, President and CEO
 
 
Investors:  Existing investors Benchmark Capital and Stage 1 Ventures as well as new investors Bay Partners, who led the round, and Accrue Sports and Entertainment Ventures.
 
Round:  Round B
Amount raised:  $7,000,000
Participants:  5
 
Details:  HipLogic, Inc. has raised $7 million in Series B funding to further develop and deploy its mobile application platform.
Link:  Press Release

Zorap, a video conference and media sharing business, has raised $1.35M

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:  F231109-254
Business:  Zorap
Web:  http://www.zorap.com
Location:  USA, Maine,
Region:  North America
Business description: Private video chat rooms  
Category:  Communication

Contact:  Barry Spencer, President

Investor:   Undisclosed, private investors

Amount raised:  $1,350,000
Participants:   2

Details:  Zorap, a video conference and media sharing business, has raised $1.35 million from private investors, according to an SEC filing.

Link: Regulatory Filing

Genieo, which develops personalized home pages, has raised $3 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:  F231109-253

Business:  Genieco
Web:  http://www.genieo.com/
Location:  Israel, Herzliyia
Region:  Europe/ Middle East & Africa
Business description:  Finds, filters and organizes relevant information into a personal homepage”
Category: User Content Host
Contact 1:  Jacob Tenenboem, co-founder and Chairman
Contact 2:  Sol Tzvi, Founder and CEO
Contact 3: Dr. Yuval Elovici, CTO

Investor:  Undisclosed
  
Round:  Seed round
Amount raised:  $3,000,000
 
Details:  Genieo, which develops personalized home pages, has raised $3 million in seed funding from undisclosed investors.

Link:  TechCrunch

Mail.ru Merges with 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:  F231109-256
 
Acquirer:  Mail.ru
ACQ Web:  http://www.mail.ru
Location:  Russia
Region:  Europe
Description:  Online portal
Category:  Media Owner
Contact:  Dmitri Grishin, President and CEO
 
Vendor:  Astrum Online
Vendor Web:  http://www.astrumonline.ru/
Location:  Russia
Region:  Europe
Description:  Online games
Category: Games
Contact 1:  Igor Matsanyuk, to become 1st Vice President of Mail.ru
Contact 2:  Vladimir Nikolskiy to become Vice President of Mail.ru
 
Details:  Digital Sky Technologies is merging two of its largest portfolio companies.The deal is structured as an acquisition by online portal Mail.ru of online games group Astrum Online Entertainment in a combination of cash and stock. The merged company, which have revenues of over $100 million per year and will be the second largest Internet company in Russia in terms of revenues after Yandex.  Naspers/ MIH Group owns 43% of Mail.ru and was recently granted anti-trust permission to buy between 38% and  Naspers/ MIH Group, although the South-African conglomerate owns 43% of Mail.ru and was recently granted anti-trust permission to buy between 38% 100% of Astrum Online from DST. See previous DigiNet story.
 
Links: 

Story-telling service Panraven has raised $2.725 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:  F231109-252

Business:  Panraven
Web:  http://www.panraven.com/home/homepage.html
Location:  USA, Cambridge, MA
Region:  North America
Business description:  Online story-telling service is built to serve as your life memory bank
Category: User Content Host
Contact:  Frode Eilertsen, President
  
Amount raised:   $2,725,000
 
Details:  Panraven has raised $2.725 million according to an SEC filing. Panraven say that their story-telling service is built to serve as your life memory bank. They also partner with tour operators and cruise lines to bring a co-branded  online journaling experience to their travelers.

Link:  Regulatory Filing

Newbay Media Acquires Broadcasting & Cable, Multichannel News And Twice from RBI

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:  F231109-255
 
Acquirer:  Newbay Media
ACQ Web:  http://www.nbmedia.com
Location:  USA, New York, NY
Region:  North America
Description:  Media and information resources for professionals, retailers and enthusiasts within the Pro Audio, Broadcast & Video, Musical Instruments, AV / Consumer Electronics and K-12 Education vertical markets
Category:  Media Owner
Contact 1:  Steve Palm, President & Chief Executive Officer
Contact 2:  Paul Mastronardi, Chief Financial Officer
Contact 3:  Carmel King, Executive Vice President, Broadcast & Video
 
Vendor:  Reed Business Information
Vendor Web:  http://www.reedbusiness.com/us.html
Location:  USA, New York, NY
Region:  North America
Description:  Business-to-business information provider, with more than 80 market-leading publications and Websites, as well as a range of services
Category: Media Owner
Contact:  John Poulin, Chief Executive Officer

Aprox. Value:  Undisclosed
 
Details:  NewBay Media LLC announced that it has acquired Broadcasting & Cable, Multichannel News, and This Week in Consumer Electronics (TWICE) from Reed Business Information-US. Each title will continue to be published as part of NewBay’s line of print, online, and in-person products and services.
 
Link: Press Release

Wiki hosting provider PBworks has raised $650,000

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:  F231109-254
Business:  PBworks
Web:  http://pbworks.com/
Location:  USA, San Mateo, CA
Region:  North America
Business description:  Wiki hosting provider
Category: Web Technology
Contact:  Jim Groff, CEO 
 
Investor:  Undisclosed
Amount raised:  $650,000
 
Details:  Wiki hosting provider PBworks has raised $650,000 in rights and securities, according to a filing with the SEC. The company is backed by Mohr Davidow Ventures, Seraph Group, Ron Conway and Chris Yeh. It previously raised $2.45 million in venture funding.

Link:  VentureBeat

Geo-location company, SimpleGeo has just closed a $1.5 million seed round of 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:  F231109-253

Business:  SimpleGeo
Web:  http://simplegeo.com
Location:  USA, Boulder, CO
Region:  North America
Business description:  An infrastructure that other applications can use to easily build location-based applications.
Category: Web Technology
Contact 1:  Matt Galligan
Contact 2:  Joe Stump.
 
Investors:  First Round Capital, also includes from Redpoint Ventures, Ron Conway, Kevin Rose, Chris Sacca, Joshua Schachter, David Cohen, Debbie Landa, Tim Ferriss, Shawn Fanning, Gary Vaynerchuk, David Lee, and Freestyle Capital.
  
Amount raised:  $1,500,000 
 
Details:  SimpleGeo has just closed a $1.5 million seed round of funding. They raised $195,000 in a debt funding round, according to a recent regulatory filing by the firm three weeks ago. The source of the funding was not disclosed, although the filing indicates that there were 7 investors involved.

Link:  TechCrunch