Round the Clock Acquisitions 17-January-2008

January 17th, 2008 at 12:00 am


There are simply some days that somethings just stop. After the past couple of days being like a snowstorm of money, today’s round up is a shame to the weather gods.

However, just like the weather, tomorrow might be completely different from today. This round up thanks to TechCrunch and Mashable.


Granicus is a company that provides webcasting and public meeting management solutions to the government, and the company has just announced a $10 million Series A round of financing from JMI Equity. The funds will go towards sales, marketing, product development and customer support. As part of the deal, JMI Equity general partner Peter Arrowsmith (cool name) has joined Granicus’ Board of Directors.

The newly formed Velocity Interactive Group (Jonathan Miller’s and Ross Levinsohn’s vehicle for investing in digital media) is making its first investment: $10 million in video ad network Broadband Enterprises. Already one of the largest video ad networks and producers of video commercials for the Web, its video ads reach about 45 million people a month through 1,800 affiliate sites.

Conduit, a service that enables web publishers to easily create their own toolbars for Internet Explorer and Firefox, has raised $8M in a Series B round with Benchmark Capital.

Fifth Generation Systems, the company behind social homepage creator Zude has taken $5.3 million Series B in a round that includes Irwin Lieber and Barry Rubenstein of Wheatley Partners, Persistency Capital, and Gund Investment.