Egyptian Mrrha Acquired By UAE Company Creative Solutions

ACQUISITION

Acquirer: Creative Solutions (subsidiary of Bin Majed group)
Web: http://www.creativesolutions.ae
Location: UAE, Al Ain
Region: Middle East & Afica
Description: Web development
Contact: Khamis AlSharyani, Founder

Target: Mrrha
Web: http://mrrha.com
Location: Egypt
Region: Middle East & Afica
Description: File loading and sharing site

Contacts: Mahmoud and Ahmed El-Masoudy, Founders

Approximate value: Undisclosed

Details: Mrrha, an Arab online service  that was launched from Egypt has been acquired by Emirati company Creative Solutions.

Link: startuparabia 

Database Acquisitions – November 2009

1020 Placecast has raised $5 million in a second round of funding.

FUND RAISING

Business: 1020 Placecast
Web: http://www.placecast.net
Location: USA, Seattle, WA
Region: North America
Description: Location-based mobile marketing solution

Amount raised: $5,000,000

Link: Mobile Marketing Watch 

Details: 1020 Placecast has raised $5 million in a second round of funding. New investor Quatrex Capital joined for this round, with participation from previous backers Onset Ventures and Voyagers Capital.
   
Database Fund Raising – November 2009

Muzicall Raises €9 Million In Latest Round Of Funding

FUND RAISING

Business: Muzicall
Web: http://www.muzicall.com
Location: United Kingdom, London
Region: Europe
Description: Ringback tone services (RBTs)

Contacts: Patrick Allainguillaume, CEO of Muzicall
Amount raised: € 9,000,000

Link: Muzicall 

Details: Muzicall, Europe’s leading provider of ringback tone services (RBTs), today announces it has raised €9 Million in its latest round of funding, which sees existing investors BlueRun Ventures and Thule joined by Orkos Capital, Veddis Ventures and GP Bullhound.
   
Database Fund Raising – November 2009

ShoeDazzle Raises $7 Million

FUND RAISING

ShoeDazzle.com has raised $7 million in equity funding, according to a regulatory filing by the firm.

Business: ShoeDazzle
Web: http://www.shoedazzle.com
Location: USA, Los Angeles, CA
Region: North America
Description: Online shopping assistant for shoes

Contacts: MJ Eng President and Chief Operating Officer
Amount raised: $7,000,000

Links:

   
Database Fund Raising – November 2009

Division: eRetail

Russian financial group Finam has increased its stake in social networking site Badoo.

FUND RAISING

Business: Badoo
Web: http://badoo.com
Location: United Kingdom/Russia
Region: Europe
Description: Social network community

Contacts: Alexey Andreev, Founder
Amount raised: Undisclosed

Story Link – Quintura Blog 

Russian financial group Finam has invested an undisclosed amount to exercise its option and increase its stake from 10% to 20% in global social networking site Badoo. In January 2008, Finam said it would make a $30 million investment in the site.
   
Database Fund Raising – November 2009

Second Century Ventures Makes Strategic Investment in e-signature service DocuSign

FUND RAISING

Business: DocuSign
Web: http://www.docusign.com
Location: USA, Seattle, WA
Region: North America
Description: E-signature service

Contacts: Matthew J. Schiltz, CEO and President
Amount raised: $2,000,000

Press Release  

Details
DocuSign® today announced Second Century Ventures (SCV) has made a strategic investment in the company. As part of the investment, the president of Second Century Ventures and chief executive officer of the National Association of REALTORS® (NAR), Dale A. Stinton will join the DocuSign Board of Directors. This brings DocuSign’s total funding up to $30 million.

   
Database Fund Raising – November 2009

Hubert Burda Media buys into XING AG (European online business network)

ACQUISITION

Acquirer: Hubert Burda Media
Web: http://www.hubert-burda-media.com
Location: Germany, Munich
Region: Europe
Description: International media owner
Contact: JDr. Hubert Burda, Publisher

Target: Xing
Web: http://www.xing.com
Location: Germany, Hamburg
Region: Europe
Description:  European online business network

Contact:

Dr. Stefan Gross-Selbeck, CEO

Approximate value: 1,323,041 shares at €36.50 per share

Details

XING AG (ISIN: DE000XNG8888) was informed today that Burda Digital GmbH has purchased a total of 1,323,041 XING shares from Cinco Capital GmbH. The share price was EUR36.50 per share. This gives Burda Digital GmbH a 25.1% share of the company and makes it the primary shareholder.

Press Release 1

Press Release 2    

Database Acquisitions – November 2009

Paltalk Acquires Virtual Phone Service Vumber

ACQUISITION

Acquirer: Paltalk
Web: http://blog.paltalk.com
Location: USA, New York, NY
Region: North America
Description: Free Video Chat Rooms and Voice Chat
Contact: Joel Smernoff, CEO

Target: Vumber
Web: http://www.vumber.com
Location: USA, New York, NY
Region: North America
Description:  Mobile Virtual Telephony

Contact:

Mark Brooks, President and CEO

Approximate value: Undisclosed

Details

Paltalk has acquired Vumber  in an effort to capture additional revenues by offering virtual phone numbers to existing subscribers.

Story Link – Paid Content  

Database Acquisitions – November 2009

Qunar Confirms $15m Financing

FUND RAISING

Business: Qunar
Web: http://www.Qunar.com
Location: China, Beijing
Region: Asia
Description: Travel search engine

Contacts:
Amount raised: $15,000,000

Story Link – JLM Pacific Epoch 

Details

Qunar.com confirmed it has received third-round financing of $15 million from GGV Capital as lead investor and co-investors Mayfield Fund, GSR Ventures, Tenaya Capital.

   
Database Fund Raising – November 2009

Superfeedr Gets Funding From Mark Cuban And Betaworks

FUND RAISING

Business: Superfeedr
Web: http://superfeedr.com
Location: USA, New York, NY
Region: North America
Description: Transforms a wide variety of feeds into normalized XMPP or Pubsubhubbub format

Contacts:

  • Julien Genestoux , founder Superfeedr
  • John Borthwick, Betaworks CEO
  • Mark Cuban, owner Dallas Mavericks

Amount raised: Undisclosed

Story Link – Read Write Web 

Details

Superfeedr has raised a seed round from real-time incubator and investment firm Betaworks, along with Dallas Mavericks owner Mark Cuban;

   
Database Fund Raising – November 2009