Jonathan’s Internet and Digital Media Weekly Update – 2014-06-16

Private Financing
US

  • Seattle-based location sharing startup Glympse has raised a $15M Series C round led by new investors UMC Capital and Verizon Ventures with participation from existing investors Ignition Partners, Menlo Ventures and Naya Ventures. Glympse has created a real-time mapping and tracking service that can be integrated into messaging apps, cars, wearables and other services to share location data. Founded in 2008 and bootstrapped until 2011, Glympse will use the new cash to expand its team and continue to build out its feature set.
  • Peel, a five-year-old, Mountain View, Ca.-based company whose software turns smartphones and tablets into universal TV remote controls, has raised an undisclosed amount of funding from Alibaba Group. The company has previously raised $36.7M, including from Harrison Metal, Lightspeed Venture Partners, Redpoint Ventures, and Translink Capital.
  • Glympse, a Seattle-based company whose app invites users to chart their location on a map and share it with others in real time, has raised $12M in Series C funding, including from new investors UMC Capital, Verizon Ventures and unnamed strategic investors, along with earlier investors Ignition Partners, Menlo Ventures and Naya Ventures. The company has raised nearly $20M altogether.
  • Crowdability, a New York-based education and research platform that’s hoping to capitalize on the equity crowdfunding market, has raised $1M in seed funding, including from Howard Lindzon and Steadfast Venture Capital.
  • Automated affiliate linking company VigLink has raised $18M in Series C funding led by RRE Ventures, with participation from Correlation Ventures and Silicon Valley Bank, as well as past investors Google Ventures, Emergence Capital, and First Round Capital. The company says it currently works with 300,000 sites (including Elle, Road & Track, and CNET) and 35,000 merchants, and that it processes more than 500M clicks each month.
  • HashPlex, a cryptocurrency-miner hosting company that just raised $400,000 from investors including SecondMarket co-founder Barry Silbert’s Bitcoin Opportunity Corp. and Facebook engineer Jason Prado.
  • Besomebody has raised $1M from the E.W. Scripps Company to build a passion-focused community and experience marketplace.
  • Nuzzel, the social news startup led by Friendster founder Jonathan Abrams, says it has raised $1.7M in new funding from Chris Sacca & Matt Mazzeo (Lowercase Capital, which just raised a new $25M fund), Hunter Walk & Satya Patel (Homebrew), Ullas Naik (Streamlined Ventures), DG (Digital Garage) Incubation, WiL (World Innovation Lab), DeNA, MOL and angel investors including Chris Michel, Daniel Lurie, Darmesh Shah, Gordon Crawford, Jon Boutelle, Narendra Rocherolle, Nicolas Heyman, Othman Laraki, Russ Fradin, and Ryan Spoon
  • HackerRank, the technical recruitment platform and code-challenge community, has raised a $9.2M Series B funding round led by Khosla Ventures and Battery Ventures. Other participants in this round include Motorola Mobility VP Peeyush Ranjan, former Facebook senior director of engineering Greg Badros and Facebook director of product management Dan Rubinstein.
  • Generator Ventures, a seed-stage, San Francisco-based firm that launched just a few weeks ago, has graduated an inaugural class of 11 companies from its newly launched accelerator program, the firm tells the WSJ. Generator Ventures is focused entirely on new technologies to serve the country’s aging population.
  • ScalingData, a Bay Area-based company that aims to create applications that can run easily on the big data repository Hadoop (and which was founded by veterans of the Hadoop vendor Cloudera), has raised $4.4M from General Catalyst Partners, Google Ventures and Red Hat CTO Brian Stevens. Venture Capital Dispatch has the story here.
  • OYO Sports, a Acton, Ma.-based toymaker that uses advanced manufacturing techniques and social media analytics to create mini figures of famous players while they’re popular with fans, has raised $3M in new seed funding, reports the WSJ. Atlas Venture and Boston Seed Capital led the investment, bringing the company’s total capital raised to $4.6M.
  • Hybrent, a Chicago, Il.-based hospital supply chain software developer, has raised $500,000 in seed funding from undisclosed management and health care supply chain experts.
  • SiSense, a business intelligence startup that is among those making big data analytics accessible to ordinary business users (and not just data scientists) raised a $30M Series C round led by DFJ Growth — the VC’s arm dedicated to later-stage investments that recently announced a new fund we understand to be totalling over $500M. Others backing the startup include existing investors Battery Ventures, Genesis Partners and Opus Capital. It last raised $10M a year ago and including the round being announced has now raised $44M.
  • Freshdesk, the customer support as a service company with 23,000 customers, raised $31M in Series D funding in a round led by Tiger Global Management, with Accel Partners and Google Capital also contributing. The funding is significant, especially given its total to date was $44M and the highest amount the company had received in any previous round was $7M last November led by Accel Partners.
  • Chicago-based parking app SpotHero has raised $4.5M in additional funding from previous backers Lightbank, OCA Ventures, David Cohen, Pritzker Group, e.ventures, Battery Ventures, and 500 Startups, along with new investors Chicago Ventures, Bullpen Capital, Draper Associates, and G2T3V. SpotHero connects drivers with parking lots and garages, allowing users to purchase parking in advance, reserve spots, or even find monthly parking. Founded in 2011, SpotHero is currently available in Chicago and 6 additional cities including New York, Washington D.C., and Boston.
  • Wut, part of a wave of ephemeral and anonymish apps that have cropped up over the last year or so, has raised seed funding from Foundation Capital with participation from Google Ventures. SV Angel, Eniac Ventures, Lowercase Capital, and Dave Morin’s Slow Ventures are also investors in the company.
  • Zaius, a Cambridge, Ma.-based company that simplifies how businesses collect, analyze and use data to improve customers’ digital experiences, has raised $6.3M in Series A funding led by Matrix Partners.
  • TurnKey Vacation Rentals, a Austin, Tx.-based rental manager that helps homeowners manage and rent out their space, has raised $3M in seed funding from Silverton Partners and about a dozen angel investors from the online travel industry, including Rich Barton, Gregg Brockway, and Alexis de Belloy. TurnKey has raised $4.8M altogether.
  • RebelMail, a Washington, D.C.-based company that makes an interactive email product, has raised a $2M seed round co-led by Vaizra and Boldstart. Other investors include Lerer Ventures, David Tisch’s Box Group, Gary Vaynerchuk’s Vayner RSE, and angel investors.
  • Plex, a Troy, Mi.-based software company that sells its ERP and automation software to manufacturers in a variety of industries, has raised $50M in funding led by funds and institutional accounts managed by T. Rowe Price, as well as with earlier investor Accel Partners. The company has raised $86.5M altogether.
  • Payoneer, a New York-based financial services company that enables users to transfer and receive money through re-loadable MasterCards, has raised an undisclosed amount of funding from the investment arm of Ping An, a China-based insurance company. The company has raised at least $39M in previous funding rounds, including from Carmel Ventures, Susquehanna Growth Equity, Greylock IL and Vintage Venture Partners.
  • Light, a Palo Alto, Ca.-based company that’s says it’s re-imagining the art and science of photography, has raised a $9.7M Series A round co-led by Bessemer Venture Partners and Charles River Ventures. Qualcomm also participated in the funding.
  • Krux Digital, a San Francisco-based data management platform that helps brands understand consumers’ behavior, has raised $35M in Series B funding from SAP Ventures, Time Warner, Temasek, and Visionnaire Ventures, along with earlier investors Accel Partners and IDG Ventures.
  • IndoorAtlas, a company whose indoor mapping technology can reportedly determine locations inside a structure to within six feet, has raising $4.5M in a round led by Mobility Ventures and the Finnish seed fund KoppiCatch. The company, which has offices in Finland and Mountain View, Ca., might have benefited from an extended profile in the New York Times last month that noted the “somewhat unorthodox” business plan of the company, which will “measure and store your building’s magnetic fingerprint in its computing cloud” but charge customers $99 per month per building to then keep that information private.
  • EdgiLife Media, better known as LoveWithFood, a San Mateo, Ca.-based company that has evolved into snack delivery company à la NatureBox, has raised $1.4M in seed funding. Among its investors: Kapor Capital, 500 Startups, TEEC Angel Fund, Ironfire Capital, Scrum Ventures and an AngelList syndicate led by Facebook Ads creator Yun-Fang Juan. The company has raised a little more than $2M date.
  • Education tech startup Declara has secured a fresh $9M in funding led by Singapore’s EDBI and Linden Venture Fund. The additional capital is actually an extension of the $16M round Declara raised back in April, bringing the total amount to $25M. The startup offers its clients (teachers, education administrators, etc.) a social network that focuses on helping people learn by personalizing the educational experience for each person within an organization. Founded in 2012, the Palo Alto, Calif.-based startup’s technology is currently being used by teachers and education administrators in Australia, Chile, and Mexico.
  • On-demand home services startup Handybook raises $30M round of funding from Revolution Growth, the venture fund founded by Steve Case, Donn Davis, and Ted Leonsis. The round is on top of $12M in funding that Handybook had raised from General Catalyst, Highland Capital, David Tisch, and Bullhorn CEO Art Papas, among others.
  • Weave, a startup out of Utah that has developed a unique VoIP-based unified communications service for small and medium businesses that it is selling first targeting dentists, has raised a Series A of $5M. The round of funding is notable in that it’s the first investment to come out of A Capital, a new VC firm started by Ronny Conway (son of Ron) and Mark Valdez, both formerly of Andreessen Horowitz. In addition to A Capital leading the investment, other participants included Homebrew, Fuel Capital, Ron Conway, Sr’s investment firm SV Angel, Initialized Capital and Y Combinator.
  • Weave, a VoIP service for doctors that also helps manage patient records, raised a $5M funding round led by A Capital. Homebrew, SV Angel, and Y Combinator — among others — also took part in this funding round.
  • SourceClear, a company which builds security tools right into the development tools, has raised a $1.5M seed round from a group of investors that include Justin Somaini, the Chief Trust Officer at Box.com and former CSO at Yahoo; Frank J. Marshall, the former VP of Engineering at Cisco Systems Inc.; Amos Michelson, the Chairman of Kardium and Mary Cirillo, a board member at Thomson Reuters (TRI).
  • US mobile developer PerBlue has announced a $3M funding round led by Chicago investor Lightbank. PerBlue says it will use the cash to bulk up its team, as well as building audiences for its games. The company previously raised $800,000 in 2010 from angel investors.
  • US mobile rewards network PaeDae has rebranded as The Mobile Majority as well as announced a $8M Series B funding round
  • Dropbox has acquired MobileSpan, a startup that helps enterprise employees access corporate firewalled content securely. MobileSpan will shut down at the end of 2014, and active development will cease immediately. Dropbox has spent the last year-and-a-half concentrating on making its Dropbox For Business product secure enough for big enterprises. MobileSpan’s knowledge of the bring-your-own-device world will bolster that push. MobileSpan had raised just $2.3M from investors True Ventures and K9 Ventures since its start in 2011.
  • Exabeam, a San Mateo, Ca.-based big data security analytics startup, has raised $10M in Series A funding led by Norwest Venture Partners. Other investors in the round included Aspect Ventures and entrepreneur-investor Schlomo Kramer.
  • San Francisco-based personal styling platform Stitch Fix has raised a $30M Series C round led by existing backers Benchmark and Baseline Ventures. Stitch Fix aims to improve the shopping experience by mailing women personalized boxes of clothing that they can choose to purchase and keep or send back at no charge. Founded in 2011, Stitch Fix has raised over $46M to date.
  • San Francisco-based identity management service Okta has raised $75M in a Series E round led by Sequoia Capital with participation from existing investors Andreessen Horowitz, Greylock Partners, and Khosla Ventures, along with new investors Janus Capital Group and Altimeter Capital. Okta’s identity management platform helps enterprises manage access and security across all applications, people, and devices. Founded in 2008, Okta currently serves over 1,200 enterprise customers and will use the new cash to pre-integrate additional applications and open a new office in Sydney to better serve its customers in Asia and Australia.
  • Vancouver-based analytics platform Visier has raised $25.5M in a Series C round led by Adams Street Partners with participation from Foundation Capital and Summit Partners. Visier delivers workforce analytics and planning solutions to provide HR professionals with insights into workforce behaviors such as future employee recruitment, promotion, and turnover patterns. Founded in 2010, Visier more than tripled its revenue growth in 2013 and will use the new capital to broaden its reach in the HR space.
  • Seres Health, a Cambridge, Ma.-based company whose lead drug is aimed at preventing deadly Clostridium difficile infections, has raised $10M in Series B funding. Founded out of Flagship Ventures and its VentureLabs program, the new funding comes from Flagship, as well as Enso Ventures, Alexandria Venture Investments, and Mayo Clinic.
  • NantHealth, a Culver City, Ca.-based company focused on delivering next-generation care, has raised $25M from the publicly traded drugmaker Celgene Corp., the company announced. In April, Nanthealth became minority owned by BlackBerry, which said it planned to collaborate with NantHealth on a new smartphone aimed at the health-care industry. NantHealth is run by billionaire Patrick Soon-Shiong, who sold his cancer-treatment company Abraxis BioScience to Celgene in 2010.
  • Move Loot, a San Francisco-based site for buying and selling used furniture, has raised $2.8M in seed funding co-led by Index Ventures and First Round Capital. Other participants included Google Ventures, SV Angel and Y Combinator. The company has raised $5.3M to date, shows Crunchbase.
  • Handshakez, a Austin-based company that makes a collaboration and analytics platform for sales departments, says it has raised $1M in Series B funding, though isn’t disclosing from where the backing comes. The company previously raised $3.6M in Series A funding from Austin Ventures, First Round Capital, Floodgate, CrunchFund, Valhalla Partners and Thinktiv.
  • Dwellable, a Seattle-based mobile app for vacation rentals, has raised $2M in seed funding led by Version One Ventures and Maveron. Additional participants in the round include former HomeAway board director Rob Solomon, Zillow CEO Spencer Rascoff, Redfin CEO Glenn Kelman, Farecast founder Oren Etzioni, and other individual investors in Seattle and Silicon Valley.
  • Bindo, a New York-based retail company whose cloud-based iPad checkout system and tools promise to help merchants better manage their inventory and relationships, has raised $1.8M in seed funding. The round was co-led by Gary Vaynerchuk; Metamorphic Ventures, and the venture firm East Ventures, which has offices in Singapore and Tokyo. Bindo plans to use the funding to expand into Hong Kong and Southeast Asia.
  • Affirm, a San Francisco-based small business lending company that assesses borrowers’ risk — and determines rates of interest — using personal data, has raised $45M from investors, including Khosla Ventures, Lightspeed Venture Partners and Nyca Partners. Serial entrepeneur Max Levchin is CEO, after hatching the idea from his incubator last year and deciding he was the best person to run the company.
  • About.me, the second-time around startup that lets you create a simple page about yourself online that others can use to find out a bit more about you, is announcing another round funding, its second since getting spun out of TC’s owner AOL after AOL originally acquired the startup in 2010. The company has raised $11M, money that it plans to invest in adding more features and making its platform easier to use. Or, in the words of co-founder Tony Conrad, to help plug two big gaps: “engaging the user base and motivating them to come back.” The Series B round was led by existing investor Foundry Group, whose partner Brad Feld is joining the About.me board, along with participation from True Ventures (where Conrad is a partner), SoftTech VC, CrunchFund (which is led by TechCrunch founder and former editor Michael Arrington) and Bullpen Capital. Other investors in previous rounds include Google Ventures. It’s so far raised just over $17M.
  • Location-based analytics provider Placed, which operates an opt-in mobile surveying panel that now reaches over 175,000 people, is announcing $10M in Series B funding in a round led by Two Sigma Ventures, the VC arm of Two Sigma Investments. Existing investor Madrona Venture Group also participated. The round sees Two Sigma’s David Joerg joining Placed’s board.
  • Mobile analytics company Splitforce has launched an automatic A/B testing service called Auto-Optimization for iOS and Android that it says will dramatically increase the speed and efficiency of running user tests for startups. The company, which currently serves over 250 app developers, also announced that it has raised $150,000 in seed funding led by SOS Ventures and angel investors including Simon Newstead, the CEO of Frenzoo; Steven Ho, an entrepreneur whose companies have been acquired by eBay and Yahoo; Jamie Lin, founder of accelerator AppWorks; and Guillaume Luccisano, founder of Socialcam.
  • Visual analytics firm Curalate has announced the completion of an $8.6M Series B led by previous investors NEA, with participation from fellow previous investors First Round Capital and MentorTech Ventures. Vayner RSE, the new fund from businessman and social media guru Gary Vaynerchuck, also participated. Curalate has raised a total of $12.5M. The company will use the funding for hiring, marketing and product development, according to the release. Curalate employs 45 and is not profitable.
  • San Francisco-based data center systems startup Mesosphere has raised $10M in a Series A funding led by Andreessen Horowitz with participation from Data Collective and Fuel Capital. Mesosphere helps enterprises manage data centers of any size, simplifying the process of executing and managing applications while lowering the cost of operating systems. Currently a team of 23, Mesosphere will use the new cash to build out its enterprise sales and services team and partner with public cloud platforms to expand its reach.

EMEA

  • 5app, a three-year-old, London-based company whose software allows enterprises to create their own “app stores” to regain some control over what employees are putting on their phones, has raise $5.1M in funding led by Beckman Group and other unnamed investors.
  • Berlin-based Web analytics company Webtrekk has closed its third round of financing, collecting a total of up to €25M from DPE Deutsche Private Equity. Webtrekk competes directly with Google Analytics and Adobe Omniture to analyse a company’s web traffic. It counts Zalando, Siemens, Hugo Boss and Tommy Hilfiger among others as customers.
  • FightMe, an iOS app that lets you challenge others by recording and sharing 30 second-long videos, has raised a further, modest seed round of funding from VC firm HTG Ventures, Daniel and Raphael Khalili (who also invested in Yahoo-acquired Summly), and David Reuben Junior of Reuben Brothers, who, together, have put $1.35M into the London-based startup. This adds to the $500,000 FightMe raised back in October 2013.
  • Fitbay, a fashion-focused social network aiming to crowdsource the online clothes shopping fit problem by letting people of a similar size and body shape see which clothes their size and shape ‘body doubles’ are wearing, has closed a $2M seed funding round led by New York-based Steadfast Venture Capital and Nordic VC firm, Creandum, an early investor in Spotify — and an investor in Fitbay’s prior round. The Danish startup pulled in an angel round of funding earlier this year, raising $400,000 from Jesper Buch (founder of Just-Eat) and Creandum, so it’s building a head of steam on the early funding front.
  • Homestay, a Dublin, Ireland-based online travel booking platform, has raised $3M in funding led by Delta Partners, with participation from Enterprise Ireland. The company has also acquired Berlin-based HomestayBooking.
  • Index Ventures has announced a new early-stage, €400M ($550M) fund aimed at tech startups in Europe, US and Israel. This is its seventh early-stage fund and part of a total €3 billion ($4 billion) raised by Index since its inception. The fund will invest from seed and early stage, scaling up to €15M depending on the requirements of the company.
  • TextMaster, the crowdsourced platform for content translation, copywriting, and proofreading, has raised €1M in a second round of funding. Money it has pegged for further International expansion, specifically Germany and Asia.
  • London-based TransferWise has closed a new round of funding. It’s raised a further $25M, adding Sir Richard Branson as a backer, along with existing investors, including Peter Thiel’s Valar Ventures, IA Ventures, Index Ventures, TAG (Robin Klein and Saul Klein), and Kima Ventures. The new investment marks Transferwise’s second round of funding, with Branson joining as a new investor. The company took a $1.3M first round of funding, led by PayPal founder Max Levchin, among others.
  • London-based Picfair, raised a seed round of $520,000. The funding — which will be used to build out more features in the image marketplace — comes from a number of angel investors, including Alexis Ohanian, a partner at Y-Combinator and one of the co-founders of Reddit, in what is his first investment in a non-US startup. Other investors in the round include IDEO design director Tom Hulme, and Duncan & Max Jennings, the founders of VoucherCodes.co.uk.
  • MicroEnsure Holdings Limited, a Cheltenham, United Kingdom-based provider of insurance to the low and middle-income market, raised $10.4m in equity funding. Backers included existing investors Telenor Group, Omidyar Network, IFC and Opportunity International, as well as new investors Sanlam Emerging Markets and AXA Group. In conjunction with the round, the Telenor Group has taken additional equity in MicroEnsure through the conversion of debt and by rolling up its 51% holding in the MicroEnsure Asia joint venture into MicroEnsure.

Asia

  • Bangalore-based ad retargeting company Vizury Interactive Solutions has raised $16M in series C funding. Intel Capital, the global chipmaker’s venture capital arm, led this round. Private equity firm Ascent Capital and existing investors Inventus Capital and Nokia Growth were also part of it. Vizury uses big data analytics to help ecommerce sites like Jabong in India and Yintai in China convert visitors into customers.
  • Social Recruiting, a Tokyo-based startup that claims to be Japan’s number one social recruiting service, received more than $2M in series A funding from domestic VC Global Brain. Exact details about the investment were undisclosed but the figure was rumoured to be around $2-5M.
  • Pie, an enterprise collaboration space company, raised $800,000 in seed funding from investors including Digital Garage, Publicis Groupe, Siemer Ventures, Peng Tsin Ong, Koh Boon Hwee, Diederik Zwager, Chris Evdemon, Pieter Kemps, Porter Erisman, Steve Elrick, David Webster, and Jacques Kemp.
  • Mobile A/B testing startup Splitforce raised $150,000 from SOS Ventures and a group of angel investors.
  • Chinese start-up DewMobile Inc., which has designed an application that allows users to transfer files between devices without being connected to the Web, has scored a $20M Series B round of funding from investors including IDG Capital Partners and Northern Light Venture Capital. Innovation Works also participated in the funding. Beijing-based Innovation Works, which was set up by Taiwanese venture capitalist Kai-Fu Lee, and Northern Light were also among a group of investors that had previously backed the company’s $4M Series A round and $2M worth of angel investment.
  • India-based e-commerce company FashionAndYou has raised $10M in Series D funding from existing investors Sequoia Capital, Norwest Venture Partners, Intel Capital and Nokia Growth Partners. FashionAndYou is an online discount retailer that offers daily flash sales and serves over 5.5M members across India. Founded in 2009, FashionAndYou has raised over $50M to date and will use the latest funding to open new distribution centers, invest in marketing and promotional materials, and launch a mobile app by the end of the year.

Other emerging markets

  • Epic Ventures, a Salt Lake City, Ut.-based venture firm, is looking to raise $75M for its fifth fund. It’s part of the way there, too, thanks to New Mexico’s new State Investment Council, which just approved a commitment to Epic for up to $10M. Among Epic’s investments is HG Data, a 3.5-year-old, Santa Barbara, Ca.-based business intelligence company.
  • Visual Unity, a Prague-based video infrastructure company, has raised $7.2M in funding from 3TS Capital Partners in Budapest.
  • Russian billionaire Roman Abramovich invested $10M in StoreDot, an Israeli startup developing electronics based on bio-organic materials. The investment was carried out in May through Abramovich’s private asset management company Millhouse LLC.  It was not previously disclosed. Both companies have confirmed the deal.
  • Gill Business Systems, a Kiev, Ukraine-based inventory distribution system for passenger bus transportation carriers and online ticket sales, has raised $3M in Series A funding from InVenture Partners, Intel Capital and FinSight Ventures.
  • Israeli startup Zula, the team communication app founded by VoIP pioneers Jeff Pulver (Vonage) and Jacob Ner-David (Delta Three), has closed a $3M series A round. The round was led by Morton Meyerson of 2M, who is joined by Ourcrowd, Microsoft Ventures, Nathan Low, and Doug Pauly. The continuing backing from Microsoft Ventures — which previously invested an undisclosed amount in Zula as part of a second seed round — is noteworthy considering Microsoft’s ownership of both Yammer and Skype, and a number of other communications and collaboration products.

Mergers & Acquisitions
US

  • The owner of PokerStars, the world’s largest online poker site, has agreed to sell itself for $4.9 billion to Amaya Gaming, a small publicly-traded Canadian supplier of gambling equipment. The deal is being backed by Blackstone’s credit division, GSO Capital Partners, which will buy more than $675M in convertible preferred shares and other securities. Deutsche Bank , Barclays and Macquarie Capital will provide $2.9 billion in credit facilities and other financing.
  • eBay acquired machine translation technology from a company called AppTek. Eight people from AppTek’s 10-person team will join eBay, including one co-founder. Terms of the deal were not disclosed.
  • Hotel booking site Priceline has agreed to acquire reservation booking company OpenTable for $2.6 billion in cash. OpenTable has over 31,000 restaurants on board its platform, and sees an average of 15M people book reservations on its site and mobile apps per month. Priceline offered $103 per share in cash as part of the deal.
  • Anime streaming site Crunchyroll is acquiring Redux, a startup focused on helping people find and watch interesting content on their TVs. Redux raised around $8M from investors since its founding in 2008. Terms of the Crunchyroll deal weren’t disclosed.
  • Viryanet, a 26-year-old, Southborough, Ma.-based company that makes mobile workforce management software, has been acquired by Verisae, a 14-year-old, Minneapolis-based maker of cloud-based maintenance, energy, and sustainability management software. Verisae is paying roughly $18.8M in cash for the company, which has been trading publicly, with a roughly $8.5M market cap.
  • Google has confirmed that it has purchased Skybox Imaging, the satellite startup, for $500M.
  • Socialbakers, a company known for social media analytics, has acquired EdgeRank Checker, a startup that provides insight for Facebook News Feeds, in an undisclosed deal.
  • Pegasystems, a publicly traded Cambridge, Mass.-based company with 2,700 employees, just acquired co-browsing tool Firefly. They were a two-person startup built by recent University of Pennsylvania grads Dan Shipper and Justin Meltzer and that was funded by First Round Capital’s Dorm Room Fund.

EMEA

  • Canon is buying Milestone Systems, a startup from Denmark that has developed software for video surveillance systems. Terms of the deal are not being disclosed, the companies say. Milestone, founded back in 1998, had raised $25M from Index Ventures, and according to its latest financials, it posted net income of €4.6M ($6.2M) on revenues of €54.6M ($74M). The acquisition is being made through Canon’s European subsidiary.
  • Blippar — an image recognition platform used in digital advertising — has acquired Layar, an augmented reality platform used across different applications (from advertising to education) that uses cameras on devices like smartphones to inject virtual elements into real-world images in real time. London/NYC-based Blippar, founded in 2011, has raised an undisclosed amount from Qualcomm Ventures. Netherlands-based Layar, founded in 2009, has raised some $17M from Intel Capital, Sunstone and others.
  • Seatwave, a platform for secondary ticket purchases where people or venues can post live event tickets for resale, is acquiring Timbre, a Boston-based startup and mobile app of the same name that lets users search for live music and then buy tickets to attend shows. Financial terms of the deal are not being disclosed, except to note that the acquisition was a mixture of cash and shares. Timbre, founded in 2012, has raised some $720,000 and has seen a lot of viral interest in the app after first starting out as a hackathon project at app studio Intrepid. It has had some 400,000 downloads to date.

Asia

  • Zhaopin, a leading Chinese career platform that has filed for an U.S. IPO this May, has entered into a share purchase agreement with Jobs DB Inc. to acquire a 100% stake in Jobs DB China Investments Ltd., a subsidiary for the former, for US$15.72M. The cash consideration for the transaction has been paid to Jobs DB Inc.
  • Alibaba Group and UCWeb, Chinese mobile browser and search service provider, announced Alibaba has fully acquired the latter. As of April 2014, Alibaba had had 66% stake in UCWeb in the form of convertible preferred shares. Alibaba joined in several rounds of funding in UCWeb from 2009 to 2013. The remaining stake are transferred with stock and cash.
  • Koziness Concepts, previously branded as iDelivery, has acquired both Dial-a-Dinner and Soho Delivery for an undisclosed amount. Both Dial-a-Dinner and Soho Delivery have been operating for 10+ years in North & South Hong Kong Island and Kowloon, and they currently serve more than 100 restaurants offering takeout menus. Since Koziness works with about 20+ restaurants in the busiest hub of Hong Kong Island, the acquisition will help them broaden their customer reach.
  • Amobee, a mobile ad company acquired by Singapore’s main carrier SingTel two years ago for $321M, is buying up not one but two other companies to build out its position in the wider digital ads space: It’s gobbling up Adconion and Kontera, for $235M and $150M, respectively. The consideration payable for Adconion Direct North America and Adconion Australia (the two divisions of Adconion) is approximately $209M, excluding debt. Both Adconion and Kontera will become a part of SingTel.
  • Penang-based rich media mobile ad creator startup, MobileAds (previously known as RichMobileAds) has a received an undisclosed strategic investment from Seattle-headquartered HasOffers. CEO and founder Alvin Koay couldn’t share the exact figure but did say it is a bridge round to its series A. The investment sum is six figures. The new funding from HasOffers is strategic in the sense that is helps MobileAds enter the US market with much ease.
  • Talkweb (SZ:002261) has announced a $130M deal to increase its 10% stake in developer Huorong Game to complete control. The purchase will be made with $52M in cash, of which $43M will be raised in a rights issue, and the remainder paid in newly issued shares. Huorong Game’s best known release is 3D online multiplayer card game Papa Three Kingdoms. It’s been downloaded 3.8M times since its launch in March, and is currently generating almost $8M (RMB 50M) a month in revenue.
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Posted on June 14, 2014, in Internet weekly update. Bookmark the permalink. Leave a comment.

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