Round the Clock Acquisitions: March 12 2008

March 12th, 2008 at 12:00 am

us dollars

Mid-week is starting to look like the start of the week.  I’ve been fearing since Monday that VC’s were taking a break from pumping in cash into Silicon valley.  Anyway, that assumption may be premature.  Here’s today’s roundup.


Goldman Sachs and Velocity Interactive Group have put another $15 million into the online TV site Next New Networks, the company will announce shortly. The company, which launched in January 2007, had previously raised $8 million from Spark Capital, Saban Media Group, Pilot Group, and Bob Pittman. All the previous investors put more money in and Jonathan Miller from Velocity Capital was already on the board of the company.

Cnet reports that online advertising network Specific Media has acquired a smaller fish in the same pond, UK-based display ad network AdViva, for an undisclosed sum. Like most ad networks today, Specific Media offers demographic, behavioral, contextual, and geographic ad targeting; and yes, AdViva shares the same traits. Specific Media received a huge round of funding ($100 million) back in October 2007.

Click-fraud auditing firm Click Forensics has raised a $10 million B round, led by Sierra Ventures. Also participating is Austin Ventures and Shasta Ventures, who invested in the company’s $5 million A round last January.

Online and mobile research firm Invoke Solutions has taken an additional $7 million in funding in a round led by North Atlantic Capital that included existing investors Bain Capital and BEV Capital.

Next New Networks, a company co-founded by Herb Scannell, a former vice chairman of MTVN, has just announced the closure of its Series B round of funding, reports Peter Kafka of Silicon Alley Insider. The round, totaling $15 million, was led by Goldman Sachs and Velocity Interactive Group.


Thanks to TechCrunchm Nashable and CNET.