| 1 - Internet Services Firm Gets $25-Million First Round
NEW YORK -- Concrete Media, an Internet professional service company that provides clients with services, including Internet strategy, project management, and Web-site development, said it received $25 million in a first round of financing led by Warburg, Pincus Ventures with Wit VC Fund I, a fund managed by Wit Capital, and i-Hatch Ventures participating. Greg Back, vice president of Warburg, Pincus Ventures, Nancy Martin, managing director of Warburg, Pincus Ventures, and Derek R. Reisfield, managing director of i-Hatch, will join the company's board of directors. Concrete Media plans to use the funding to expanding its headquarters in New York City as well as strengthen its recruiting and training infrastructure.
http://www.concretemedia.com
Back to Top |
| 2 - Online Game Developer Secures $16 Million Series A Financing
NEW YORK -- Small World, a developer of online fantasy games, said it raised $16 million in its Series A financing. The round was led by Flatiron Partners and includes Sports Capital Partners, Chase Capital Partners, and private investors. The company said it will use the funds for marketing, game development, and operations. Jerry Colonna, co-founder of Flatiron Partners, Leonard Harlan, of Castle Harlan, and David S. Moross, co-founder of Sports Capital Partners, will join the Small World board of directors.
http://www.smallworld.com
Back to Top |
| 3 - Provider of Content For Wireless Devices Gets $10.9 Million
BOSTON -- NetMorf, which develops a product that transforms e-commerce content and transactions for viewing on wireless devices such as mobile phones and palmtops, said it raised approximately $10.9 million in a first round of funding led by VantagePoint Venture Partners. VantagePoint will take a seat on NetMorf's board of directors. The funds will be used for launching the company's product, SiteMorfer, and for hiring and marketing.
http://www.netmorf.com
Back to Top |
| 4 - Health Records Specialist Receives $670,000 in First Round
BELLEVUE, Wash. -- Health Information Institute, which develops a Web-based registry of health records, said it received $670,000 in a first round of funding led by Bancshares Capital Limited Partnership. John E. Thoresen, president of Mutual Bancshares Capital, will join the company's board of directors. The funds will be used to pursue a second round of financing and to develop products and services. The company's first product is an immunization tracking system, available in Washington state.
http://www.h2i.com
Back to Top |
|
| 5 - Online Logistics Exchange Raises $1.3 million in Series A
CHARLOTTE, N.C. -- Elogex, which operates an online marketplace for logistics management, said it received $1.3 million from private investors in Series A equity financing. The company also said it named Michael Fitzgerald as chief executive officer. Mr. Fitzgerald was formerly president of DRK Management Services and senior vice president, advance planning and research at Federal Express. Telephone 704-331-3935.
Back to Top |
|
| 6 - Online Community Firm Receives Initial $600,000
LA JOLLA, Calif. -- Affinity Holdings International,an Internet-based developer, producer, and serviceprovider of online training and e-commerce portalsthat promote drug-free online communities, saidit received an investment of $600,000 from DigitalAge Ventures, as part of a projected $3-millionfirst round of funding. Other participating investorshave not been disclosed. Patrick Roone of DAV willjoin the company's board of directors. The fundswill be used for operations. Targeted at young people,sports coaches, and employees, the company's firstonline communities include Steponline, Youth SportsRx, and Health Affinity. AHI plans to raise a $15-millionsecond round soon after closing this one.
http://www.affinityholdings.com
Back to Top |
| 7 - eVentures Group Invests $4.25 Million in Portal Developer
DALLAS -- eVentures Group said it invested $4.25 million in Televant, developer of a communication portal called Callrewards.com, which provides loyalty programs for voice-over-IP calling. eVentures will initially hold a 30% share in the company.
Telephone 800-959-9677.
Back to Top |
|
| 8 - Italian E-Commerce Site, Direct.it, Raises $5 Milion
CUSAGO, Italy -- Direct.it, which operates an Italian language e-commerce Web site targeting small and medium-sized businesses, said it received $5 million in second-round funding from new investors 3i Group and NetPartners. Previous investor Kiwi 1 also participated in the financing. The company, which sells computer hardware and software via its site, plans to use the funding for customer acquisition, marketing, branding, and Web-site development.
http://www.direct.it
Back to Top |
|
