Round the Clock Acquisitions: March 13 2008

March 13th, 2008 at 12:00 am

Oh yeah!  Remember how howI was ranting about lacking stuff to report for this segment?  Well, today I got swamped and elated with the number of items I’m about to share.

I was beginning to think that the US economy was going to kill off the VC’s and the start ups.  Good thing I was wrong. 


San Francisco based Mochi Media has taken $4 million Series A in a round led by Accel Partners.

Mochi Media offers flash based embedded advertising for the fast growing Flash online casual gaming market.

San Francisco based WeGame, a “YouTube for gamers” (although it is much more than that) seems to be off to a solid start. Since launching last month, founder Jared Kim says 7,000 videos have been uploaded to the site, and 13% of users are uploading videos. The other 87% are there to watch game videos like this one from Guitar Hero.

Big Bear Entertainment just raised $550,000 in its first round of funding from El Dorado Ventures and Optix Pty Ltd to continue to create these mashups, according to VentureBeat today.

PopJax is launching tomorrow with a web site that allows you to play trivia-based games on the topic of web video. While I think it has shades of You Don’t Know Jack, PopJax has higher aspirations in mind.  The just raised $4.7 million in VC.

Zuora of Redwood City, Calif., has secured $6.5 million in Series A money from Benchmark and counts Coremetrics as one of its first customers. Tien Tzuo, CEO of Zuora, says the money will go toward building out the product and hiring a sales team.

Pando raised $8.12 million in a second round of financing, falling somewhat short of the intended mark of $20.89 million. Intel Capital, BRM Capital and Wheatley partners were investors in their last round of $7 million in 2006, but their backers this round preferred not to be named.

Nextumi, the company behind ShareThis, has raised $15 million in Series B funding from Draper Fisher Jurvetson and a bunch of other VCs. The company had raised $6 million in Series A funding, bringing the total to $21 million. The $15 million investment seems a tad excessive, and makes one wonder about the valuation being accorded to this company.

AOL buys Bebo for $850 million.


thanks to MAshable, TechCrunch, PE Hub, GigaOM.