Round the Clock Acquisitions: March 10 2008

March 10th, 2008 at 12:00 am
 


Monday, I was hoping for a hoopla of fundings and investment announcements from startups especially with the SXSWi happening where startups usually whip out their shiny new ideas to attract the venture capitalists or angels.  However, all I see in the news today are CEO’s getting interviewed and jounalists getting digged -failed by the audience.

Anyway, back to business.  At least there were two announcements today and they aren’t from shiny new companies.  These guys already have a track record and truly deserve the money they are getting.

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Widget platform Gigya has just raised $9.5 million in a Series B round of financing, led by Mayfield Fund. Additional investment comes from existing investors Benchmark Capital and First Round Capital.

Zivity will announce a new $7 million round of financing in a deal led by both BlueRun Ventures and Founders Fund. The company has now raised a total of $8 million. The social networking experience that these VCs add is substantial. Founders Fund is an early Facebook investor. Both are investors in Slide.

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I’m rooting for Zivity.  $7 million for adult content, now that makes sense.  Anyway, thanks to Mashable and Techcrunch for the info.