BranchOut is officially going for the big time. The company, which makes a professional social network that runs on top of Facebook, is announcing today it has closed on $25 million in new funding, bringing its total venture capital investment to $49 million. This latest batch of money, which serves as BranchOut’s Series C round, was led by the Mayfield Fund with the participation of previous… → Read More
The growth in venture capital investment into Web 2.0 companies is rising in the UK, Ireland and the rest of Europe, even as it slows among early investors in Silicon Valley. The UK is at the hub of this activity with a record seven deals at the start of the year, accounting for $22m invested. And Ireland, Belgium and the Netherlands have each seen their first Web 2.0 deals completed in the first… → Read More
Following its recent launch, visual search engine Quintura.com plans to release a specially designed interface for market-specific sectors. Yakov Sadchikov, co-founder and CEO of Quintura (picture by Darren Straight), told TCUKI today: “As a next step, we are going to release Quintura’s visual navigation/search web services for Women and for Kids.” Sadchikov recently demonstrated the… → Read More
At the risk of repeating anything Sam may have already said about MediaTech last week, here’s my take on it. With the perspective of a few days under my belt, I can see that the MediaTech 2.006: Where Media And Technology Collide event last Thursday was a pretty damn good event. Rarely do venture capitalists, entrepreneurs and media companies get together in one space and talk the same kind… → Read More
Benchmark Europe has confirmed it has invested $12.5m in Finland-based Igglo.fi to expand into the UK. The move comes as a number of other ‘aggregator’ search sites for real estate start to ramp-up in the UK, in particular Nestoria, Zoomf, OnOneMap and Extate. Currently Extate is understood to be in funding negotiations with an unnamed VC. It recently enhanced its service offering… → Read More
Leading UK venture capital group SEP (Scottish Equity Partners) has just announced that it has raised approximately £160 million ($300 million) for its new fund, SEP III which ranks as the largest venture fund raised in Europe in the last twelve months and one of the biggest in the last few years. The new fund marks the second time in five years that SEP has raised a fund in excess of £100… → Read More
According to the Tornado-Insider “the UK is the most prominent country in the [European] VC landscape having bagged 9.4% of all deals in Europe since 2000″. It seems the majority of VC money is still being invested in the North of Europe with the obvious exception of two Italian €10 million deals in 2006 and the €18 million first-round FON investment in Spain (Note: The FON deal… → Read More
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