Round the Clock Acquisitions 21-January-2008

January 21st, 2008 at 12:00 am

monopoly dollars

Today came the report that VC’s have invested over $29Bn in 2007.  Does that look like a bubble? Probably.  however, unlike the first bubble that collapsed, Web2.0 is gaining ground and only a few companies have gone under.  Today, I spotted one company going into the deadpool but I was swamped by the companies who received fundings.  So here’s today’s round-up.  thanks to TechCrunch , Mashable , GigaOm and PEHub .


Virtual meeting company Unisfair has scored $10 million in funding from Sequoia Capital and Norwest Venture Partners after proving that meeting people face-to-face isn’t always necessary or cost effective.

Fifth Generation Systems Inc., a Roslyn, N.Y.-based maker of social computing platforms, has raised $5.3 million in Series B funding. Backers include Irwin Lieber and Barry Rubenstein of Wheatley Partners, Persistency Capital, Gund Investment LLC and return backer Bergstein LLC.

Broadband Enterprises, a New York-based online video network, has raised $10 million from Velocity Investment Group (f.k.a. ComVentures).

Badoo, a Russian social networking site, has sold a 10% stake to Russian financial firm Finam for $30 million, according to Q Blog.

Smaato, makers of the Smaato Open Mobile Advertising (SOMA) platform, has raised $3.5 million in its Series A round of funding.

Silver Peak Systems Inc ., a Santa Clara, Calif.-based  provider of wide-area-network  acceleration solutions, has secured $21 million in series D funding, bringing the total investment in the company to $63 million. The latest round of funding includes investments from Artis Capital Management, Benchmark Capital, Duff Ackerman & Goodrich LLC, Greylock Partners, J& W Seligman & Co, and Pinnacle Ventures. The new funding will provide working capital to expand all areas of the company’s global business, including engineering, sales, marketing and support.