Newly Financed: Recent VC Deal Roundup
Around industry a number of financings have closed in the past week. Tallying it up and presenting them all at once, here’s the round up of who got cash:
Kewego –a European video sharing site based in Paris raised $6.9m in a second round led by Banxei venture Partners and CDC Enterprises. The company has local video sharing sites in 10 European countries. They also provide digital signage, enterprise video syndication and advertising services.
Audiokinetic – a company providing game developers with software tools, notably middleware, for creating audio soundtracks for video games raised $5.2m in a round led by Bank of Canada and Investissement Quebec. This round brings the total investment in the company over the past year to $11m.
Socializr – an event planning web service (aka Evite 2.0) raised $1.5m in a second round from Rembrandt Venture Partners. The company, which was founded by Friendster founder Jonathan Abrams, previously raised $750k.
Twistbox Entertainment – a mobile gaming and content distributor raised $19.5m to expand into other gaming markets. The company was formed by the merger of Waat Media, a mobile adult entertainment distributor, and Charismatix and renamed Twistbox in 2006. Adult offerings still represent a sizable portion of the companys content offerings but are delivered through a seperate internal division called Waat Media. The primary Twistbox site offers a variety of mobile content suitable for all audiences. The company previously raised $12.75m in a round led by Spark Capital.
Pure Video Networks – a company providing various grades of video content for the web and wireless devices pulled in $2.85 million out of an available $5.85 million Series B round. SoftBank Capital, which was already a previous investor, provided the capital.
Vantrix – a company focused on helping publishers distribute rich media content to mobile users across carriers raised $12m. JK&B Capital led the round and existing investors including SummerHIll Venture Partners, BDC and Innovacom also participated. The company has so far raised $24.4m
Kajeet – a MVNO (Mobile Virtual Network Operator) mobile service provider focused on the tween marketplace announced a substantial $36.8m series B round led by Draper Fisher. Bessemer Ventures, Fidelity, Gabriel and Interwest also participated. The company was founded in 2003 but only launched their service this year. It operates on licensed bandwidth from the Sprint PCS network. The company raised $27m in their first round.
