Posted on 05 June 2010
Tags: accel-partners, benchmark-capital, build-out-its, business and technology, capital, deals & more, internal-round, michael reinstein, mike reinstein, top stories, venturebeat, Video, video sharing, videos-based

Online video sharing site Metacafe has secured $5 million of an expected $6 million in debt, options, warrants and securities, according to a filing with the SEC. This was an internal round of financing, according to Michelle Cox, the company’s vice president of marketing communications and sales. The Palo Alto, Calif. company is backed by Accel Partners, Benchmark Capital, DAG Ventures and Highland Capital Partners.
Metacafe attracts roughly 14 million unique monthly U.S. visitors, according to Comscore and focuses on 18 to 34-year-olds. Cox said the company using the funds to build out its editorial and sales teams. The company, which filters videos based on viewer reactions, launched a new site dedicated to movies in late May. Competitors include YouTube and Dailymotion.
Companies: Accel Partners, Benchmark Capital, Dag Ventures, Dailymotion, Highland Capital Partners, YouTube


Article courtesy of VentureBeat » Deals & More
Posted on 28 May 2010
Tags: backers-include, benchmark-capital, capital, end-post, francisco-based, integral-capital, its-planned, michael reinstein, mike reinstein, tests-online, venture, venturebeat, wire
Grockit, a company that combines learning with social networking, has raised $3 million of its planned $7 million round of equity, according to a filing with the SEC. The San Francisco-based company helps students prepare for standardized tests online in a peer-to-peer environment. The educational startup, founded in 2007, previously raised more than $10 million. Past backers include Atlas Venture, Benchmark Capital and Integral Capital Partners.
Companies: Atlas Venture, Benchmark Capital, Grockit, Integral Capital Partners


Article courtesy of VentureBeat » Deals & More
Posted on 22 March 2010
Tags: benchmark-capital, capital, deals & more, ignition-partners, make-it-easy, mike reinstein, million-round, partners, right-one, seattle, wire
Avvo, a web site that lists and ranks lawyers to make it easy for people to find the right one, has raised $9.9 million of a targeted $10 million round of equity, according to a filing with the SEC. Based in Seattle, Wash., the company is backed by Benchmark Capital, Ignition Partners, and DAG Ventures.


Article courtesy of VentureBeat » Deals & More