Round The Clock Acquisitions: March 05 2008

March 5th, 2008 at 12:00 am


For the past week, VC’s seem to bes pending small and it’s getting harder to report fundings and acquisitions lately.  Of course, not everybody can stop spending.  Acer took up a mobile phone maker the other day and the prie tag wasn’t a bargain.

Anyway, here’s today’s roundup. 


Silicon Valley based RingCentral offers businesses a virtual telephone system, took $12 million in late 2007 from Sequoia Capital and Khosla Ventures. Today they announced a second round, also $12 million. The round was led by DAG Ventures, which often follows Sequoia and other well known venture capitalists in second, more expensive rounds.

Demand Media, a big buyer and operator of Internet domain name companies, completed negotiations to acquire Austin-based Pluck last night after about two months of negotiations. The price is not being disclosed but is rumored to be in the $50 million range. Update: We’ve confirmed the number from an inside source – $75 million, all cash. Pluck revenues are around $10 million/year.

Local video tour site EveryScape has just announced a $7 million Series B venture capital financing, led by new investor Dace Ventures, with existing investors Draper Fisher Jurveston, Draper Fisher New England, Draper Atlantic and LaunchPad Venture Group.

Acer spends a hefty $290 million to buy up 100% of Glofiish smartphone-maker E-Ten.


Thanks to TechCrnch and Mashable.