Venture Funding

Year-end Surged in M&A Activity

Year-end Surged in M&A Activity

The recent analysis reveals that the 2009 Q4 numbers are in and they proved beneficial for companies looking to get acquired or go public in 2010. In addition, corporate buyers invested in the fourth quarter, and tech IPOs are performing well.

Chinese Video Site Youku.com Raises $40 Million in New Funding

Chinese Video Site Youku.com Raises $40 Million in New Funding

A whopping $40 Million has been raised in new funding by the popular Chinese video websites Youku. com, which is also the country's largest site of the segment, and the development is being as a sign pointing to the confidence that the medium will continue to grow throughout China, as firms move further away from "user-generated videos" for which they were once famous.

Kai-fu Lee, ex-Google China Chief to run $117.1 million fund

Kai-fu Lee

Kai-fu Lee, Google Inc.'s departed head of China operations, announced on Sunday that he would run his own business that would invest in Chinese technology start-ups. Kai-fu Lee confirmed his plan to launch the business on his twitter page, saying he would establish a firm with more than $117.1 million of funds.

Li Ka-Shing, INQ & 3 Network owner, acquires minority stake in Spotify

Li Ka-Shing, INQ & 3 Network owner, acquires minority stake in Spotify

According to a Forbes magazine report, Asia's richest man, Li Ka-Shing has supposedly made a $50 million investment to acquire a minority stake in the online streaming music service, Spotify, which is looking at global expansion and is likely to offer more premium services.

Netscape co-founders launch new venture capital fund - Andreessen Horowitz

Netscape co-founders launch new venture capital fund - Andreessen Horowitz

Two Netscape veterans - founder Marc Andreessen, and his longtime business associate and Netscape co-founder Ben Horowitz - have launched a new venture capital fund on Monday, and have named it Andreessen Horowitz. The new fund will support the next generation of new technologies.

Nokeena Networks raises $6.5 million for enhancing new media infrastructure platform

Mayfield Fund, Nokeena Networks

In a new venture capital funding led by Mayfield Fund, Nokeena Networks, the industry's leading media infrastructure solution, has raised $6.5 million, thereby resulting in a total $15 million funding for the company. Existing and strategic investors also participated in the latest funding round.

Virsto Software raises $7 million; to launch new storage solutions for virtual servers

Virsto Software

In its Series A funding round led by August Capital, Virsto Software, a trendsetter in storage solutions for virtual servers, has secured $7 million. The round also included investment by Canaan Partners, which was a seed investor in Virsto in 2008.

ABS Capital Partners closes its $420 million ABS VI fund

ABS Capital Partners closes its $420 million ABS VI fund

The prominent later-stage growth company investor ABS Capital Partners, which focuses chiefly on four growth sectors, namely business services, healthcare, media and communications, and software, has closed a $420 million ABS VI – its sixth fund.

Next-gen IT automation provider Reductive Labs raises $2.0 million in Series A funding

Next-gen IT automation provider Reductive Labs raises $2.0 million in Series A f

A $2 million Series A funding round, led by the Silicon Valley-based early stage investor True Ventures and other private investors, has been closed by the next-gen enterprise IT automation provider - the Portland, Orlando-based Reductive Labs.

$2 million secured by social media payment platform - oneTXT

oneTXT

A $2 million Series A funding round has been secured by the New York City-based social media payment platform oneTXT. The round led by Metamorphic Ventures, saw contributions from KPG Ventures, New York Angels Fund, and individual angel investors, including David Hirsch, Geoffrey Judge, Roger Ehrenberg, Mark Michel.

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