Funding Roundup

November 6th, 2007 at 12:00 am

Hmmm.. I changed the name of the ‘Round the Clock Acquisition into a shorter and encompassing title.

Today, we have a couple of happenings in the web-sompany marketplace. Thanks to TechCrunch, Mashable, R/WW and PEHub for the informantion.


Socialtext Inc., a Palo Alto, Calif.-based provider of enterprise wiki software, has raised $9.5 million in Series C funding. Draper Fisher Jurvetson led the deal, and was joined by fellow return backers Omidyar Network and SAP Ventures.

Dell has agreed to buy EqualLogic, a Nashua, N.H.-based provider of SAN solutions specifically optimized for virtualization, for approximately $1.4 billion in cash. EqualLogic had raised $52 million in VC funding since 2001, from firms like Charles River Ventures, Sigma Partners, Focus Ventures and TD Capital Ventures.

YouMail Inc., an Irvine, Calif.-based provider of advanced voicemail solutions, has raised $1.87 million in first-round funding from the Tech Coast Angels (TCA) and other angels.