1 min read · 18 March 2010
1 min read · 18 March 2010
Rob Solomon has joined Chicago-based social commerce website Groupon as president and chief operating officer. He previously was a venture partner with Technology Crossover Ventures and, before that, was president and CEO of travel search site SideStep. Groupon has raised nearly $35 million in VC funding from firms like Accel Partners and New Enterprise Associates.
2 min read · 18 March 2010
Gilat Satellite Networks Ltd. (Nasdaq: GILT) has agreed to acquire Raysat Antenna Systems, a Vienna, Va.-based. The deal is valued at around $25 million in cash, and is expected to close within the next six months. Raysat has raised around $37 million in VC funding from Benchmark Capital, Apax Partners and Israel Seed Partners.
4 min read · 18 March 2010
Second Porch, a Portland, Ore.-based social vacation home marketplace, has raised $1 million in Series A funding led by the Oregon Angel Fund.
3 min read · 18 March 2010
CircleControl, a London-based outsourced manager of IT infrastructures, has raised £6 million in VC funding from Scottish Equity Partners.
2 min read · 18 March 2010
Energy Micro, an Oslo, Norway-based developer of "energy-friendly" microcontrollers, has raised $13 million in first-round funding from Northzone Ventures and Investinor.
2 min read · 18 March 2010
Yahoo Inc. (Nasdaq: YHOO) has agreed to acquire Citizen Sports, a San Francisco-based operator of a virtual market for professional athlete futures. No financial terms were disclosed. Citizen Sports had raised over $25 million in VC funding from firms like Northgate Capital and Radar Partners.
3 min read · 18 March 2010
Playdom, a Mountain View, Calif.-based social gaming company, has invested $5 million into Argentina-based social gaming company MetroGames. Playdom last year raised a $43 million Series A round at around a $300 million post-money valuation, from New Enterprise Associates, Lightspeed Venture Partners and Norwest Venture Partners.
1 min read · 18 March 2010
OriGene Technologies, a Rockville, Md.-based developer of monoclonal antibodies, has raised $16 million in Series B funding. New backers included IDG-Accel, SBI & TH Venture Capital Enterprise and Zero2IPO. Return participants were Morningside Venture Investments and President International Development Corp. The company also has operations in China.
2 min read · 18 March 2010
