‘Round the Clock Acquisitions 15-01-2008

January 15th, 2008 at 12:00 am

Funding news today.  I never thought today would be anything else other than  the Steve Jobs’ keynote at Macworld.  Turns out, the speech was boring.  So thanks to the PEHub, TechCrunch, GigaOm, and Mashable, for making our day more eventful.


Overlay.tv is an upcoming video network that lets you add hyperlinks and image overlays to video content in order to monetize the clips. The Overlay technology and network won’t be launched until Valentine’s Day, but the service is getting some early press thanks to its funding news. $4.6 million in Series A financing has been provided by Celtic House Venture Partners, EdgeStone Capital Partners and Tech Capital Partners.

Ticketmaster, a unit of IAC/Interactive Corp., has agreed to buy TicketsNow Inc. for approximately $265 million. TicketsNow is a Crystal Lake, Ill.-based online ticket reseller that has raised around $76 million in VC funding from firms like Draper Fisher Jurvetson, Adams Street Partners, Portage Venture Partners, C&B Capital and New World Ventures.

Oak Hill Capital has agreed to invest $150 million into Oversee.net, an provider of online marketing solutions. The deal is expected to close later this month, and does not represent a control or majority acquisition.

Big Tent is a company that provides private social networking for family and friend groups as well as organizations and corporations. With $5 million in Series A funding led by Menlo Ventures, Big Tent can expand its reach and develop its tools.

SpendView is the latest personal finance tool to receive funding. The still-in-private-beta site has yet to launch, but this most recent round of funding marks the first series of investment for SpendView, totaling $2 million from Meakem Becker Venture Capital.

Metaweb, just received a hefty round of funding from Benchmark Capital and Goldman Sachs – 42 million dollars. Metaweb is building Freebase, which is described as "an open, shared database of the world’s information." This is their second round of funding.

DigitalBridge Communications, a provider of WiMAX-based broadband-to-rural communities, announced a $20 million Series B round of financing Monday, showing that some investors believe there might be gold to mine in them thar rural broadband markets.

Zynga, a company that makes popular games including Texas Hold ‘Em and Blackjack for Facebook, has raised $10 million in venture capital according to The New York Times.

Domain-name holding company Oversee.net is getting a $150 million cash infusion from private equity firm Oak Hlll Capital Partners. Oversee has been on a buying spree lately, snapping up domain auctioneer SnapNames for $35 million last October and domain registrar Moniker for $65 million a couple weeks ago.