VCDeal

VENTURE-BACKEDS AREN’T BANKRUPTCY-IMMUNE

Unsuccessful venture-backed startups don’t usually explode, but fade away. And rarely is a bankruptcy filing made. But there are exceptions. More...

Clifford Carlsen
ccarlsen@thedeal.com
503-235-3702
for more news and commentary see VC Ratings

Solazyme harvests $45M
by David Shabelman
The startup raises funds from Braemer and Lightspeed to develop tech for refining algae into biofuel.

Cisco acquires PostPath
by Andrea Orr
The networking giant's $215 million purchase provides a healthy exit for the startup's VC investors.

More feature Headlines

When the well runs dry

Social club

Data burn

Granite Global expands in China

Building a better drill

Intel Capital ups Chinese investment

The reformation

Social animal

by Anthony Noto
The company expects to spend $8 million on deals this year and $20 million in 2009.

by George White
Read a roundup of venture capital deals from around the globe including Expressor Software and others.

by Andrea Orr
AllianceBernstein leads the second-round funding for the provider of mobile search services.

by Andrea Orr
Sparxent is buying into the business of providing IT services to midmarket companies.

by David Shabelman
UV Partners leads the round for the live online video startup.

Conviva Inc.
Fund date 08/26/2008 Fund amount: 20.0M

Turn Inc.
Fund date 08/22/2008 Fund amount: 15.0M

Aposense Ltd.
Fund date 08/22/2008 Fund amount: 13.3M

Demandbase Inc.
Fund date 08/26/2008 Fund amount: 8.0M

EnOcean GmbH
Fund date 08/25/2008 Fund amount: 6.6M

Sigma Partners

8 deals

Accel Partners

7 deals

Norwest Venture

7 deals

Intel Capital

7 deals

Sequoia Capital

6 deals

Kleiner Perkins

6 deals

Investors with most number of deals from the last 3 months period

Mobite AS
Amount: $2.00 Mill.
Mobite AS said Friday it has raised DKr16.4 million ($2 million) in financing from Copenhagen-based venture capital firm Olicom AS and Danish investment company InnFond ps in exchange for 34.4% of its equity. Copenhagen-based Mobite has previously raised capital from InnFond and Xtime Inc., a San Mateo, Calif.-based maker of a scheduling software platform. The 20-person startup will use the money to market its service automation software product to large enterprises within the service industry.
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Voice Provider
Amount: $.56 Mill.
Round: Second
Voice Provider has raised SKr6 million ($564,000) in second-round venture capital funding from Ledstiernan AB, 2M Invest, Telenor Venture and Mobile Garden. The Swedish company, founded by six individuals in October 2000, plans to use the new funds to further expand into the Nordic region. Voice Provider received its first investment from Mobile Garden in November 2000, and secured its first round of venture capital funding from Ledstiernan, 2M Invest and Norwegian Telenor Ventures in April. The investing firms hold 55% of Voice Provider's equity
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Brand.net
Amount: $10.00 Mill.
Date: 08/27/2008
Round: Second
Brand.net, which operates an ad network that focuses on brand advertising, was started by alumni from Yahoo! Inc. The company works with global brands on advertising strategies, helping them secure inventory to reach their target audiences. Brand.net received $3 million from InterWestin its first round in November 2007.
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