Deals

Funding Daily: The ‘VCs on vacay’ edition

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Well, Silicon Valley was a sleepy little hole in the wall today, with only three deals crossing our radar.

Granted, one of those deals was a mammoth $29 million for a social sharing app (say what?), but still. Three. Deals.

We’re attributing it to VCs taking the final weeks of summer off work. The hungry entrepreneurs who’ve been hustling for a raise since May are just praying they’ll close their funding deals before they go broke, like, next month. In the meantime, all the fat cats are working on their tan lines.

Let’s do this little tap dance, shall we?

ShareThis gets $30M

ShareThis has raised $30 million for its technology that enables sharing around the web. ShareThis offers publishers a range of widgets and tools to facilitate social sharing. It claims to “touch the lives” of 95 percent of U.S. Internet users across more than 2 million publisher sites and 120 social media channels. The goal is to make it as easy as possible for readers to share content while also providing publishers with greater reach. Read the full story on VentureBeat.

Jama closes $13M

Jama Software, a product delivery company, has just closed its second round of institutional funding at a healthy $13 million. The raise was led by Trinity Ventures with participation from Madrona Venture Group. Karan Mehandru, a general partner at Trinity Ventures, will join the Jama board. The startup makes SaaS to help large companies with managing and delivering products. “The demand we see for faster and cheaper ways to deliver products to market speaks to the growing complexity of today’s software applications, smart products, and IT systems,” said Jama CEO Eric Winquist in a statement on the news. “With the requirements, decisions, and other details ranging in the thousands to millions within these projects, the business value we’re able to provide our customers is accelerating rapidly.”

Cirrus raises $550K

Cirrus Insights has raised a modest $550,000 seed round, the startup reports today. The company makes a product that integrates Salesforce with Gmail and Google Apps — stuff like automatically importing Salesforce contact info into Gmail and syncing Salesforce events with Google Calendar. A Cirrus rep also tells us the company has hit $1 million in total sales and is on track to double that number by the end of the year.

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