E-Cast snags $17M for bar and club entertainment
E-Cast Media, a company that provides interactive media in the form of music, videos and games to display monitors located in bars, clubs and other entertainment venues, has brought in $17 million in equity, according to a filing with the SEC.
Based in San Francisco, the company is backed by Crosslink Capital, DCM, El Dorado Ventures, Focus Ventures, Doll Capital Management, Mobius Venture Capital, LG Electronics, Escalante Capital Partners and Foundry Group. It has raised $29.3… Continue Reading
Miox raises $19M for water treatment
Miox, a water purification company based in Albuquerque, N.M., has picked up a $19 million third round of funding to help market its industrial water treatment technology.
Instead of filtering water, Miox zaps it with a combination of electricity and chemicals, as we previously detailed. The company got its start with the military, moved on to the outdoor industry, and is now also serving businesses like hotels.
The funding was led by new investor DCM, with participation… Continue Reading
Widget-maker RockYou raises $35M, claims larger reach than Slide
updated with valuation
RockYou, the Silicon Valley widget company that lets millions of people post slide-shows on Web sites and play games on platforms like Facebook, has raised $35 million more in a third round of funding.
VentureBeat learned of the news Friday, and confirmed it over the weekend with chief executive Lance Tokuda. The company will issue a press release later this morning.
Doll Capital Management led the round, providing $30 million. The remainder $5 million was… Continue Reading
Roundup: VC tax fails, Feedster folds, and more
Here’s the latest [updated] action:
1) NVCA thanks the Senate for blocking VC tax
2) Feedster goes belly-up
3) David Chao is new head of Doll Capital
4) Asian telcos may finally find a US toehold
5) Biofuels could be worse than gasoline
6) TechForward raises financing
7) Facebook blocked in Syria
Senate blocks carried interest tax — The National Venture Capital Asoociation expressed its gratitude to the US Senate for dropping a provision to change carried interest tax rates, again. This isn’t… Continue Reading
Trion raises $30M for bold bet for new online games
Trion World Networks, a company promising to deliver new kinds of interactive online games, has raised a whopping $30 million in capital without having launched a single product.
The huge financing is a bold bet that an unproven company, formed early last year, can nevertheless exploit a “disruptive cycle” in the media and entertainment world to produce new online games of value. Nate Redmond, a partner Rustic Canyon, the company’s lead investor said the company… Continue Reading
Outspark raises $4M to bring Korean games to U.S.
Updated
Outspark, a company with offices in Seoul, Korea and San Francisco that hopes to help publish Asian multiplayer online games in English, said it has raised a $4 million first round of financing from Altos Ventures and Doll Capital Management (DCM).
Outspark hopes to distinguish itself by offering Asian game developers a platform and other services for the complicated translation process. Han Kim, partner at San Francisco’s Altos Ventures, said the driving assumption is that… Continue Reading
BitTorrent trys to avoid squeeze — strikes deals, raises more cash?
San Francisco’s BitTorrent used to enjoy all the buzz surrounding video downloading. Its peer-to-peer file sharing technology allowed for cheap, easy distribution at a time when video streaming technologies were nascent. That’s changed, despite its announcement today of deals struck with major studios.
Today, it will unveil deals with Paramount, MTV Networks, 20th Century Fox and some other studios. Users will be able to purchase or rent movies from these sources, in a video store to… Continue Reading
US backers form big Facebook clone in China
A giant Chinese Facebook copycat has just been formed, in part by U.S venture backers.
Xiaonei.com, the college social networking site that has become one of the biggest players in China, and reminding many of Facebook’s site, has been acquired by Oak Pacific Interactive, which has its own Facebook version, 5Q.
Their goal is to merge to the two Chinese leaders, to create a giant in the market. Notable is that both companies have U.S. backers…. Continue Reading