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Fancred fetches $3 mln

Sports fan app Fancred said Thursday that it has secured $3 million in funding. The investors were Atlas Ventures, Militello Capital and Breakaway Innovation Group.

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OYO Sports raises $3 mln in seed funding

OYO Sports, a fan engagement company, has raised $3 million in seed funding from several angel investors along with seed investors Boston Seed Capital and Atlas Ventures. OYO Sports has raised $4.6 million in total seed funding.

Spindle Labs Inks $2.3M

Spindle Labs Inc., a developer of search technology, has raised $2.3 million in venture funding, and recently released the company’s app in iTunes. The company is backed by Polaris Ventures, Greylock Partners, Lerer Ventures, SV Angel, Atlas Ventures, Broad Beach Ventures, Project 11, Ray Ozzie and Raman Narayanan. Spindle Labs is based in Boston.

Lilliputian Raises $40M From Rusnano, Intel, KP, Others

Lilliputian Systems, Inc. said it closed on $40 million of a planned $60 million equity round that was led by RUSNANO and joined by existing investors Intel Corporation, Kleiner Perkins Caufield & Byers, Altira Group, Stata Venture Partners, Atlas Venture, and Fairhaven Capital. The company makes portable fuel cell re-charger for consumer electronics.

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Click on this morning’s First Read to find out more about Blackstone’s new head of PE, an energy gold rush and why America is concerned with getting fat.

On-Q-ity Inks $5M

Mohr Davidow Ventures, Atlas Ventures and Physic Ventures have backed Waltham, Mass.-based On-Q-ity with $5 million in fresh capital. On-Q-ity is a life science company focused on circulating tumor cell capture and characterization for clinical researchers and physicians. They company’s technology is designed to enhance decision-making across multiple cancer types, it says. -cn PRESS RELEASE […]

Abine Appoints VPs

Abine, a provider of online privacy solutions for consumers looking to regain control over their personal information, has appointed Kristina Kennedy as vice president of marketing and Brian Michon as vice president of engineering. Abine is backed by Atlas Ventures and General Catalyst Partners. Earlier last year, it closed a series A round, raising $5.2 […]

Unbounce Raises $850K From 500Startups, Real Ventures, Others

Unbounce said it raised $850,000 from a syndicate led by Real Ventures of Montreal. The group includes Founder Co-Op of Seattle, Atlas Ventures of Boston, Social Leverage, 500Startups and Point Nine Capital. Also participating are angels Boris Wertz, Mike Edwards, Rapleaf CEO Auren Hoffman and Articulate CEO Adam Schwartz. BLOG POST Unbounce Raises $850k to […]

DisplayLink Adds $8M in VC

DisplayLink, a provider of networked display technology for multi-monitor and USB-connected computing, has closed on $8 million in new capital. Though the company did not name its most recent investors, the company has previously inked venture funding from Atlas Venture, Balderton Capital, DAG Ventures, DFJ Esprit and WTI. The Palo Alto, Calif.-based company has raised a total of $68 million.

VCs Are Interested in Stuff Besides Social Media (Really)

(Reuters) – Mobile, biotech and e-commerce all have one thing in common: they are among the next wave of startups that have caught the eye of venture capital.

In the past year, social media companies such as Facebook, Zynga, Groupon and LinkedIn have stolen the limelight as the fastest growing space for venture funds.

Still, they make up just one area, and even a minority percentage, of investment for a number of venture capital funds.

“Social media companies are leading the charge, capturing people’s fantasy,” Axel Bichara, a partner at Atlas Venture, told a panel at the Reuters Global Technology Summit Venture Capital in New York on Wednesday. “If you look at venture capital companies as a whole, it’s a really broad and deep

VCs from Accel, Atlas and Google Ventures Are Skeptical of Secondary Market Trading

(Reuters) – Venture capitalists are wary of the secondary markets that have soared in popularity with investors looking for a piece of action in private companies like Facebook, Twitter and Groupon.

The secondary markets, which enable the exchange of shares in privately held companies, are a black hole because private companies are not required to disclose financial information.

“It is scary and I would be very careful before doing any such deals,” Axel Bichara, a partner with Atlas Ventures, said during the venture capital panel at Reuters Global Technology Summit on Wednesday in New York.

Bill Maris, a managing partner at Google Ventures, said secondary market trading creates all types of market forces

France Telecom In Talks to Buy Dailymotion Stake

France Telecom is in talks to buy a 49% stake in French video sharing site Dailymotion, a company which is backed by venture and private equity firms including Atlas Ventures and Partech, Reuters reported. The venture funds would sell a portion of their shares, Reuters said. France Telecom would pay 58.8 million euros ($80.29 million) for the stake.

EnglishCentral: Keeping Non-English Speakers from Becoming Laughingstocks

Mangling the pronunciation of foreign languages is a longstanding American tradition, but many foreigners aren’t as blithely indifferent about their English-speaking skills. In fact, Alan Schwartz is betting that millions of young professionals abroad are keen to speak English as natively as possible. Enter his year-old Boston-area startup, EnglishCentral, an online language tutorial site that employs proprietary speech […]

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