Posted on 25 August 2010
Tags: build-out-its, clwr, michael reinstein, mike reinstein, need-more, pacific, pacific-crest, point, research-note, steve, the-options, the-point
Clearwire (CLWR) is going to need more than $3 billion in additional capital to build out its 4G network to the point where it can reach 220 million people, Pacific Crest analyst Steve Clement asserts in a research note today. And he thinks that the options for raising that kind [...]

Article courtesy of BARRONS.com: Tech Trader Daily
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 18 May 2010
Tags: build-out-its, data-automation, deals & more, further-develop, its-cloud-based, management, mayfield-fund, pipeline, reinstein, seek-out-more

Cloud9 Analytics, creator of cloud-based business intelligence software, announced today that it has acquired $8 million in third-round funding. The company previously mentioned that it didn’t expect to seek out more funding after its second round, but clearly its plans have changed.
Cloud9’s flagship application, the Pipeline Management Suite, allows sales managers to track changes in their sales pipelines, and subsequently better manage their teams. The company designed the software with Salesforce users in mind, but it can also track changes in any database.
It plans to use the additional funding to further develop the Pipeline Management Suite, build out its roadmap for performance management applications, and extend its cloud-based data automation platform to allow for third-party development. Some improvements to the Pipeline Management software that we know of include a better user interface, notes and discussion for collaboration, and the integration of goals and projections.
Based in Redwood City, Calif., Cloud9 Analytics’ latest funding round was led by Mayfield Fund, with participation by previous investors InterWest Partners and Leapfrog Ventures. The company previously raised $13.6 million in funding, which puts its total funding over $21 million.
Tags: Analytics
Companies: Cloud9 Analytics


Article courtesy of VentureBeat » Deals & More
Posted on 13 April 2010
Tags: build-out-its, deals & more, developer-kit, first-round, michael reinstein, partners, reinstein, social, social-networks, startup, venture, venture-funding, well-as-several
TweetPhoto, the social platform allowing users to share and interact about photos across devices and social networks, has just raised $2.6 million in a first round of venture funding, according to the company. Based in San Diego, Calif., the startup will use the new financing to build out its API and software developer kit offerings.
The recent round of capital was led by Canaan Partners, and included Anthem Venture Partners as well as several angel investors.
Companies: Anthem Venture Partners, Canaan Partners, TweetPhoto


Article courtesy of VentureBeat » Deals & More