Roundup: Websites become more vulnerable to lawsuits, Meevee looks for buyers, and more
Here’s the latest action:
Rulings could make website owners more vulnerable to lawsuits — Decisions made by judges in two separate cases, against Friendfinder.com and Roommates.com, could expose websites to potentially harmful lawsuits, according to an article on CNET. Websites were previously immune to most lawsuits based on content added to their sites by others.
Video search firm Meevee wants to throw in the towel — “Combining with an established player will maximize the potential for the… Continue Reading
Meevee, for online video search and sharing, raises $3.5 million
Meevee, a company that lets you search for, track and save videos from around the web, has raised another $3.5 million, according to a PEhub filing.
Our previous coverage here and here.
The Series D round was comprised of returning investors, including Bay Area Equity Fund, Defta Partners, FCPR Israel Discovery Fund, Labrador Ventures, Rothschild Ventures and Walden VC.
Bay Area Equity Fund puts fund-raising plans on hold
JPMorgan Chase has decided not to reinvest in venture firm Bay Area Equity Fund (BAEF), which directs money into socially beneficial startups, PEHub.com reports.
The move appears to be part of JPMorgan’s desire to reduce its exposure to private equity.
San Francisco-based BAEF, led by Managing Directors Nancy Pfund and Michael Dorsey, had planned to raise a $200 million second fund this year. But those plans are now on hold, sources say. The team will continue to… Continue Reading
XDx looking to raise $25 million more for personalized medicine
XDx, a Brisbane, Calif. company that monitors the immune system with personalized medicine based on insights from the Human Genome Project, said it is raising up to $25 million more in cash.
The news, reported this morning by VentureWire (sub required) would be the company’s fifth round of venture capital. The company has already raised a total of $100.5 million since being founded in 2000. The fact that such a mature company, with well-known backers, is… Continue Reading
SunPower buys PowerLight, creates solar giant
Solar panel maker SunPower has agreed to acquire solar intaller PowerLight for about $332.5 million, creating a solar giant.
The purchase will bolster the wave of investments in solar; it proves there’s a way to make profits. PowerLight had received about $20 million in backing from investors, including Bay Area Equity Fund and New Energies AG.
They are the two largest solar players in the valley, and complement each others business. SunPower, of San Jose, makes… Continue Reading