Round the Clock Acquisitions 30-January-2008

January 30th, 2008 at 12:00 am
 


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In spite of the alarming rate companies are announcing theri slipping revenues, some VC’s continue to pump in moolah for startups.  The US economy is taking its toll on even the largest web companies and computer manufacturers including Dell and Apple.

Surprisingly, VC’s are still hot on their toes investing in new and little known startups with promising revenue models.  IT makes me wonder if these transactions were planned before the economic recession that may close down small companies especially those who are strapped for cash.

However, life goes on as well as funding.  Right now the signs are pointing in all directions and it may be the wise move for VC’s to invest now while prices are going down since they have most of the money.

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ThisNext, a Santa Monica, Calif.-based social shopping site, has raised $5 million in second-round funding, peHUB has learned. Return backers included Anthem Venture Partners and Clearstone Venture Partners. ThisNext previously raised a $2.5 million Series A round in early 2006, and also an undisclosed amount of venture debt.

MOLI , a US-owned but Dublin-based social startup has launched at DEMO with $29.6m in funding from backers including the founder of Home Depot chain Bernard Marcus, and the chain’s co-founder, Kenneth Langone.

Lijit Networks Inc., a Louisville, Colo.-based provider of search tools and statistics for blog publishers, has acquired BigSwerve, a blog comment discovery startup. No financial terms were disclosed. Lijit has raised over $3.3 million in VC funding from Boulder Ventures, High Country Ventures and Foundry Group.

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Thanks to PEHub, MAshable and TechCrunch.