Round the Clock Acquisitions 12-05-2007

December 5th, 2007 at 12:00 am

It’s raining money for the lucky ones today.  Here’s the round up from PE Hub


Fox Entertainment Group, a unit of News Corp., has acquired Beliefnet, a website that focuses of faith and spirituality-related content. No financial terms were disclosed.

Beliefnet had raised $26 million in VC funding between 1999 and 2002 from firms like Highland Capital Partners and Primus Capital Funds, but then filed for Chapter 11 bankruptcy protection. It would later raise around $7 million from Softbank Capital and Blue Chip Venture Co. Beliefnet was advised on the sale by Savvian LLC.

TuVox Inc., a Cupertino, Calif.-based provider of enterprise software for speech applications, has raised $20 million in sixth-round funding. Glynn Capital Management was joined by return backers Norwest Venture Partners, Foundation Capital, Granite Ventures and Adobe Ventures. It has now raised nearly $60 million in total VC funding since 2002.

Buzzwire Inc ., a provider of online multimedia streaming to mobile phones, has raised $8 million in Series B funding. Sequel Venture Partners led the round, and was joined by return backers Matrix Partners and Spark Capital. Buzzwire is jointly headquartered in Denver and Boston.



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