Round the Clock Acquisitions 10-January-2008

January 10th, 2008 at 12:00 am

you've got funding


For a moment there I thought that VC’s doling out was unstoppable.  Today’s roundup as compared to yesterday’s is not much.  Still, it’s good news for them and a spark of hope for everyone else.  Thanks to PEHub.


Kajeet , a Bethesda, Md.-based mobile virtual network for kids and tweens, has raised $10 million in venture debt from BlueCrest Capital Finance. The company last fall closed a $36.8 million Series B round from DFJ Growth Fund, Bessemer Venture Partners, Fidelity Ventures, Gabriel Venture Partners and InterWest Partners.

ArcMail Technology , a Shreveport, La.-based provider of email archiving and management solutions, has raised $3 million in VC funding. Participants included Advantage Capital Partners and the Louisiana Technology Fund.

Outspark Inc. , a San Francisco-based provider of a "virtual playground" for online gamers , has raised $11 million in Series B funding. Tencent Holdings Ltd. of China led the round, and was joined by return backers Altos Ventures and DCM.