VC Buzz - $82.1+ million in today's deals
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For the latest on cool Internet Start-Ups and their VC backers, point your browser to: http://www.internetVCwatch.com/
New in the NewsOctane Software, CoreTek, Egreetings Network, TriVida, CrossWorlds Software, ONO/Cableuropa, Cinebase Software, LinkShare, Personify, ePhysician
SAN MATEO, Calif. -- Octane Software Inc., a leading provider of electronic customer relationship management (eCRM) solutions, announced it has closed $13 million in its second round of financing. The financing was led by Norwest Venture Partners. In addition to Norwest Venture Partners, the first round venture capital investors of Greylock, Sigma, and Lucent Venture Partners, the investment subsidiary of global communications giant Lucent Technologies (NYSE:LU), continued their participation at maximum levels. Round 2 funding also included participation by KPMG, a leading global advisory firm, as a corporate investor. www.octanesoftware.com www.norwestvp.com
WILMINGTON, Mass.--CoreTek announced the closing of a $20.5 million round of venture capital financing that will be used to continue product development and realize the mission to become a leader in providing innovative optical solutions for evolving telecommunications networks.
Oak Investment Partners, Palo Alto, California, led the consortium of investors with an investment of $12 million. Other members of the investment consortium included JK&B Capital, Chicago and Broadview; as well as the first round investors Adams Capital and Hillman Investments.www.coretekinc.com
SAN FRANCISCO--Egreetings Network Inc., an online digital greetings and gift center, announced it has raised $23.6 million in new equity financing.
This new funding commitment increases the total equity investmentin Egreetings Network to $60 million. Austin Ventures and Trans Cosmos USA led the investment group. All primary existing investors participated in the round, including Gibson Greetings, Altos Ventures, Weiss, Peck & Greer Venture Partners, New Enterprise Associates, Vulcan Ventures, Information Technology Ventures, Duff Ackerman & Goodrich, Rosewood Stone Group and Kettle Partners.www.egreetings.com
CULVER CITY, Calif.--TriVida, the inventor of "networked personalization," announced it has recently closed a second round of financing, bringing total investment in the company to nearly $12.5 million. Investors include idealab! Capital Partners, Woodside Fund, InnoCal, Sun America, Jefferies & Company, and others.
Personalization refers to the tailoring of the interaction of a Web site with visitors to the unique preferences and needs of that visitor.www.trivida.com
BURLINGAME, Calif. -- CrossWorlds Software Inc. announced it has raised $25 million in mezzanine-level funding from a group of institutional and private investors led by Soros Private Equity Partners. In connection with this financing, Colin F. Raymond, a partner with Soros, will join CrossWorlds' Board of Directors.
Existing CrossWorlds investors who participated in this round include the BRM Group, the Garnett Family Trust, J&H Seligman, SAP AG, Venrock Associates, and board members Fred Gluck and Albert A. "Rocky" Pimentel.www.crossworlds.com
MADRID -- ONO/Cableuropa, the largest broadband communications operator in Spain, announced that it had signed a syndicated facility for ptas. 10.000 million (euro 60 million) with Unicaja. The financing syndicate includes eleven Spanish and non-Spanish banks. The facility will advance sales tax receivables and forms part of ONO's financing for its continued network build-out.
The ONO Group is managed by Callahan Associates International and its beneficial shareholders include BSCH, GE Capital, Bank of America, Caisse de depot et placement du Quebec, Grupo Ferrovial and Multitel Cable.
ROCHESTER, N.Y.--Picture Network International, Ltd., a Kodak company, and Cinebase Software Inc. signed a letter of intent to merge and create a new company which will provide services and tools for managing digital media. Currently, PNI is a premier digital media commerce and hosting company, providing media asset management software and services to the Fortune 1000 community.
Cinebase is a provider of software and services for digital asset management to the entertainment, government, corporate and advertising markets, with such clients as Nike, McDonald's, Young & Rubicam, E! Entertainment, Warner Bros., the National Library of Medicine, the National Imaging and Mapping Agency. They are backed by Wasserstein Perrella, The Constellation Fund, Adelson Partners and Greylock Management.
PALO ALTO, Calif.--Valuepass.com, an Internet incentive marketing company, announced the Valuepass Affiliate Program through collaboration with LinkShare Corp., a provider of affiliate programs. The Valuepass Affiliate Program, through its initial rollout phase, has already received over 3000 applications to join its program.
LinkShare, backed by investors including Comcast and the Internet Capital Group (Nasdaq:ICGE), is headquartered in New York City, with offices in San Francisco, Denver, and Chicago. www.valuepass.com www.linkshare.com
SAN FRANCISCO -- Personify Inc., a provider of eMarketing software and services, announced it has acquired Anubis Solutions Inc., an industry leader in next-generation data warehouse technology and services, in an all-stock transaction.
Personify is funded by U.S. Venture Partners, Asset Management Associates and Alpine Technology Ventures.www.personify.com
Who's Who & Where
MOUNTAIN VIEW, Calif.--ePhysician, which develops Internet-based, mobile technology to help healthcare professionals improve the quality of care, announced the appointment of Suzanne Lyon as vice president of business development. In her new role, Lyon focuses on developing relationships with leading healthcare and technology industry players to connect physicians with solutions designed specifically to meet health professionals' needs.
Based in Mountain View, Calif., ePhysician is funded by Benchmark Capital and Sierra Ventures.http://www.ePhysician.com
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