Vindicia raises $7.5M more for online billing
Vindicia, which provides companies with online software to help manage web billing and payments, has raised $7.5 million in a fourth round of venture funding.
The Redwood City, Calif., startup is one of several companies (Zuora and Aria Systems are the other ones we’ve covered) trying to bring the software-as-a-service approach, where the tools are provided via online subscription, to the billing software market. Among its customers are Symantec, Intuit, Atari/Cryptic Studios, and Outspark. The company… Continue Reading
Emotive lands $6.25M, acquires mobile gaming co. Sennari
Mobile entertainment provider Emotive Communications raked in $6.25 million in second-round financing earlier this week, giving it the bump it needed to buy Sennari Entertainment, a developer of cell phone gaming and micro-payment services. The purchase price was undisclosed, but Sennari had raised about $17 million to date, reports VentureWire.
Based in Encino, Calif., Emotive had previously raised $7.7 million. Its investors include Mayfield Fund, D.E. Shaw Group and Bertelsmann Digital Media Investments.
Royalty software company RoyaltyShare gets backing from Hollywood agency William Morris
RoyaltyShare’s software helps record companies manage sales, distribution, royalty calculations, and reports for online and offline media. It has a strategic investment from Hollywood talent agency William Morris, part of a $9 million second round of funding that Trident Capital and Bertelsmann Digital Media Investments have already participated in.
Bertelsmann invests in ImageSpan’s technology for automating royalty payments
ImageSpan hopes to make a mint by counting up the pennies that artists and media companies are owed every time someone downloads a song or plays a video over the internet.
One of the nightmares of the digital age is how to track what an artist is owed by all of the people who use that artist’s work online. Currently, that problem of tracking usage and royalties is solved using an army of attorneys. It often… Continue Reading