Round the Clock Acquisitions: April 29 2008

April 29th, 2008 at 12:00 am

cash fan

It’s been a while since I did this section but today is special.  No, it isn’t because it’s the anniversary of anything but simply because there’s a whole lot to report on startups getting venture capitals.  It’s actually surreal, since the start of 2008, I’ve been waiting for rounds and rounds of fundings and acquisitions but recently what I was expecting slowed down a lot.

Today however, I and a number of blogs (totally unrelated) am happy to post and announce the fundings and acquisitions within the last 24 hours.


InvenSense has taken $19 million Series C in a round led by Sierra Ventures with previous investors Artiman Ventures, Partech International and Qualcomm Ventures also participating. Strategic investors in the round included Foxconn, Inventec Appliances Corp, Skylake Ventures, DoCoMo Capital and VentureTech Alliance.

Docstoc, the professional document repository and community, has raised $3.25 Million in Series B funding. The round was led by Rustic Canyon Partners, and brings their total funding to over $4 Million.

Cox Enterprises has bought ad network Adify for 300 million dollars. A solid exit for Adify which was funded by NBC Universal, GE Media and others for a total of 27 million dollars, and further proof that any decent advertising platform will get sold for big bucks sooner or later.

Chinese embedded video site called Tudou, just announced the raising of their Series D funding, and a particularly lucrative round, coming to $57 million. That puts their total funding to around $85 million over the last three years.

Sonic Solutions has acquired photo software developer Simple Star in an effort to expand its web presence. Simple Star is the creator of PhotoShow, desktop and flash-based software that allows users to create ‘movies’ of their photos and video clips. The PhotoShow acquisition also includes a large community based around the product.


Now that’s a handful and may I just say, the most on a  Monday this 2008.  Anyway, thanks to TechCrunch, and Mashable for the snips.