Adap.tv, a leading provider of contextual advertising for online video, has closed $13 million in Series B funding. The round was led by Spark Capital, along with Redpoint Ventures and Gemini Israel Fund. As part of the deal, Spark Capital’s Dennis Miller will join the company’s board of directors. Adap.tv’s total funding to date is now $23 million (Adap.tv raised $10 Million in Series A).
Adap.tv provides a unique online video advertising platform that allows publishers and advertisers to match relevant advertising with online video content. The company uses advanced technology to analyze the video, audio and metadata to serve contextually relevant ads in a viewer-friendly manner.
eBillme has raised $12 million in a recently completed round of financing. The financing was led by the multibillion-dollar, global venture capital firm, Canaan Partners, as well as existing investor Celtic House Venture Partners, investors in software and Internet services companies. Maha Ibrahim, General Partner at Canaan Partners, and Pierre-André Meunier, P.Eng., Partner at Celtic House, will join eBillme’s Board of Directors.
“We will use this funding to further our merchant acquisitions and our expansion into new markets and consumer segments. Canaan Partners is highly regarded in the investment industry and we are excited to work with them to drive even greater growth for our company.” says Marwan Forzley, President and CEO of eBillme.
Hollywood Interactive Group, Inc. has closed a $5 million Series A equity round of capital led by BlueRun Ventures of Menlo Park. This funding will be used to develop the company’s slate of multiplatform content initiatives. The first signature project is MyHollywood.com - a women’s web destination for celebrity and entertainment news, casual games, fashion and community. The site is currently in public beta.
MyHollywood specifically targets the fastest growing segment of internet users – women 18-34 who enjoy casual gaming. The site appeals to women who crave the excitement and thrill of playing a game that gives them a more tangible connection to Hollywood than the tabloids and television shows they currently enjoy.
Punchbowl Software Inc. has completed a $2.1 million Series A financing, led by Contour Venture Partners with participation from current investors Intel Capital and eCoast Angels. The new funding will be used to pursue strategic opportunities and grow the Punchbowl Software development team.
The Series A funding arrives at a key moment for the fast-growing company behind MyPunchbowl, a critically acclaimed event-planning website. MyPunchbowl serves up all of the key ingredients to effortlessly plan unforgettable celebrations. The site includes unique features for picking a date for the event, sending save-the-dates, finding supplies, communicating with guests, sending online invitations, and sharing photos and videos after the event has passed.
UpDown.com, the leading social platform for virtual investing, raises additional $1 million investment from Switzerland-based angel investor Joachim Schoss. UpDown.com was launched by three Harvard entrepreneurs in September 2007 and currently has more than 70,000 registered members. With this investment, combined with previous funding, brings the company’s total funding to over $2.2 million.
Previously named Switzerland’s “Business Angel of the Year,” Mr. Schoss has a history of founding successful companies, including TellSell Consulting and Telcare, which merged with Sykes Enterprises. In 2004 his latest company, Scout24, was acquired by T-Online for $221 million and he is currently the cornerstone investor of 6S Capital, a quantitative hedge fund firm.
Fonality, a leading provider of open source telephony and communications systems for growing businesses, has secured a $12 million financing round led by Draper Fisher Jurvetson Growth Fund with participation from existing investor Intel Capital. Randy Glein, managing director of DFJ Growth Fund, has joined Fonality’s board of directors.
Fonality, which has driven 16 successive quarters of record growth, makes open source Internet-based telephony and unified communications solutions that enable market-leading capabilities for growing enterprises, including globally-distributed operations, home-based workers and highly mobile workforces.
Correlix, a leader in Latency Intelligence solutions that monitor and analyze trading execution and market-data flows in real time, raises additional $8 million Series B financing round led by Sequoia Capital, a leading venture capital player which was joined by existing investors Genesis Partners, Blumberg Capital and Xenia Ventures.
Correlix will use the new financing to further enrich its Latency Intelligence solutions and to expand globally to meet the demands of its growing, global customer base.
September 23rd, 2008 by Social Guy
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