Shanda Games Ltd. (Nasdaq: GAME) has agreed to acquire Mochi Media Inc., a San Francisco-based provider of advertising solutions within Flash games. The deal is valued at $80 million, including $60 million in cash. Mochi Media has raised around $14 million in VC funding from Accel Partners and Shasta Ventures.
3 min read · 12 January 2010
Buerk Dale Victor, a Seattle-based venture capital firm, has changed its name to Montlake Capital.
3 min read · 12 January 2010
VentiRx Pharmaceuticals Inc., a San Diego-based drug company initially focused on small molecule Toll-like receptor (TLR)-based therapeutics, has raised $25 million in additional Series A funding. The company previously announced $26.6 million in Series A funding nearly two years ago, which came on top of a $2.3 million seed round. MedImmune Ventures led the new tranche, and was joined by return backers Frazier Healthcare Ventures, ARCH Venture Partners and Domain Associates.
3 min read · 12 January 2010
Scott Minick has stepped down as a managing director with Arch Venture Partners, in order to become president and CEO of Arch portfolio company BIND Biosciences. In related news, BIND has raised $11 million in third-round funding, from Arch, Flagship Ventures, NanoDimension AG and Polaris Venture Partners.
3 min read · 12 January 2010
Microchip Technology Inc. (Nasdaq: MCHP) has acquired ZeroG Wireless Inc., a Sunnyvale, Calif.-based developer of low-power WiFi chips. No financial terms were disclosed, although VentureWire characterized the deal as a "fire sale" after ZeroG investors proved unwilling to keep backing the company. ZeroG raised around $30 million from Battery Ventures, Greylock Partners, Morgenthaler Ventures and Cisco Systems.
3 min read · 11 January 2010
2 min read · 11 January 2010
Spiceworks Inc., an Austin, Texas-based provider of a social IT management application, has raised $16 million in Series C funding. Institutional Venture Partners led the round, and was joined by return backers Austin Ventures and Shasta Ventures. The company previously raised $13 million.
4 min read · 11 January 2010
Dynadec, a Brown University spinout focused on optimization solutions, has raised $350,000 in VC funding from The Slater Technology Fund.
3 min read · 11 January 2010
CA Inc. (Nasdaq: CA) has acquired Oblicore, a Waltham, Mass.-based provider of service level management software for enterprises and service providers. No financial terms were disclosed. Oblicore raised around $20 million in VC funding, from firms like JVP, Concord Ventures, Shrem Fudim Kelner Technologies, Platinum-Neurone Ventures and Technoplast Technologies.
4 min read · 11 January 2010
CUnet, a subsidiary of Nelnet Inc. (NYSE: NNI), has agreed to acquire Sparkroom, a Toronto-based provider of enrollment marketing automation and lead performance management solutions. No financial terms were disclosed. Sparkroom raised around $4 million in VC funding from Matrix Partners in 2007.
3 min read · 11 January 2010
