Threadsy, a four-year-old startup that had raised $6.3 million from investors including August Capital and Harrison Metal Capital, was acquired last Friday by Facebook, according to a company blog post. Terms of the acquisition were not disclosed, though follow-on reports characterized the deal as an “acqui-hire,” meaning Facebook might have been more interested in the [...]

The number of VCs dining on food sites is growing, as Yummly announced today it has raised a $6 million Series A round from two new backers and its returning investors. New investor Physic Ventures led the round, with participation from Unilever Corporate Ventures and returning VCs Harrison Metal Capital, First Round Capital, Intel Capital, The Harvard Common [...]

Recurly, a San Francisco-based provider of billing solutions for subscription-based businesses, has raised $6 million in a Series A financing round led by BV Capital, and including Polaris Venture Partners, Harrison Metal Capital and FreeStyle Capital. The company previously raised a $1.6 million seed round in 2010 led by Polaris Venture Partners. Other investors in [...]

California-based gift card exchange Plastic Jungle received a strategic investment from Citi Ventures, the unit of listed financial services firm Citigroup. Specifics of the transaction were not publicized. Plastic Jungle, in prior rounds, has taken on more than $20 million from investors including Shasta Ventures, First Round Capital, Harrison Metal Capital, Redpoint Ventures, Bay Partners and Jafco Ventures.

A lot of venture capital has gone into mobile advertising startups in the past few months, and Jim Payne has a simple explanation why. “Advertising dollars tend to flow where people spend the most time, and people are spending a lot of time on their mobile phones,” says Payne, an ex-Googler who is now CEO [...]

San Francisco-based mobile advertising startup MoPub has closed on $6.5 million in Series A financing, led by Accel Partners. Harrison Metal Capital also contributed to the round. Both firms were seed investors in MoPub, which provides an ad-serving platform for mobile applications and websites. Rich Wong, partner at Accel Partners will join the board as a result of the funding.