NEW ROCHELLE, NY — The MusicBooth LLC, an online advertising services and technology company whose patented new AdAcoustics technology enables advertisers to deliver targeted, one-on-one audio messages within broadcast and web cast radio streams, today announced it has raised $2.3 million in second round funding led by Prime Ventures Inc.
BOSTON — Ximian, the leading open source desktop company (formerly known as Helix Code), today
announced it has secured $15 million in funding from Charles River Ventures and Battery
Formed in late 1999, Ximian is turning the open source desktop into the industry’s most
collaborative and useful Internet-based tool. Ximian currently has more than 500,000
users, and is a founding member of the GNOME Foundation advisory board which
includes such industry leaders as Sun Microsystems, Hewlett-Packard, Compaq and IBM.
SAN JOSE, CA— TrueSAN Networks Inc., whose leading-edge technology is poised
to revolutionize network infrastructure with more scalable, more manageable, and more flexible storage solutions, today
announced the completion of a $30M second round of funding. Woodside Fund led the financing round, with additional
investments from Merrill Lynch, QLogic Corporation, JT Venture Partners, Credit Suisse First Boston, Spring Creek Partners,
and Finisar Corporation. TrueSAN will use the funding to expand its sales, marketing, and recruiting efforts as well as accelerate
engineering initiatives that will enable the company to take a dominant position in open storage infrastructure solutions.
SANTIAGO, CHILE — Gemelo.com International Holdings Ltd., the leading Storage Service Provider for Latin America, today announced that it has
raised a Series B Round of financing totaling $6 Million. The Round was led by Compaq Computer Corporation (NYSE:CPQ) and
Glacier Internet Holdings, LLC. The investor list also included International Real Returns, LLC, The 1974 Penguin Fund,
Technicar SA, Management, Meyer Ventures LLC and several investors from the Series A round.
TORONTO — OpenCola Ltd., a innovative peer-to-peer software company dedicated to
delivering breakthroughs in Web search technology for businesses and consumers, has secured a $13 million (USD) Series B round
of financing from a group of leading venture investors.
Leading the round is Battery Ventures, one of the world’s leading firms specializing in investments in early stage technology
companies. Other investors include Mosaic Venture Partners, who led OpenCola’s Series A investment, and Torstar Corporation,
owner of a number of online media properties, including eHarlequin.com.
ATLANTA — AppForge Inc., a leading provider of application development solutions for
handheld and mobile devices, today announced the completion of a $6.5 million first round of financing led by Draper Atlantic, the
East Coast affiliate of Silicon Valley’s Draper Fisher Jurvetson.
LOS ANGELES — LowerMyBills.com, the leading online service providing a one-stop
solution for researching, comparing and lowering recurring monthly bills, today announced the acquisition of $7 million in second
The financing was led by St. Paul Venture Capital, one of the largest early-stage venture funds in the United States. Additional
investors included David Bohnett, founder of GeoCities; Bill Harris, former CEO of Intuit; eCompanies-Evercore Venture
Management; and existing investor, eCompanies Venture Group.
SAN FRANCISCO –RadioCentral Inc., a leading provider of
custom interactive radio programming for leading destination sites, has closed $7.25 million of new funding. Allegis Capital led
the financing, with additional investments from RacRim Venture Partners and FBR CoMotion Venture Capital. To date,
RadioCentral has raised a total of $12.75 million in venture capital.
Formed just over a year ago by radio industry entrepreneur B. Eric Rhoads, RadioCentral is a leading provider of customized
online radio programming to forward-thinking companies looking to extend brand awareness and boost revenue.