Tuesday, November 29, 2011Onestop Internet Gets $9.5MRancho Dominguez-based OneStop Internet, which develops e-commerce websites for fashion brands, including True Religion, John Varvatos and Seven For All Mankind, has raised $9.15M in a strategic investment round, the firm said Tuesday. The round came from Fund Capital USA, a private equity firm. Onestop, which is headed by John Tomich, has previously raised capital from Bessemer Venture Partners. Fung Capital is the private equity firm of Victor Fung and William Fung, the Chairman and Group Mana (More info...)
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Fandango Sees Boost From Mobile Ticket SalesLos Angeles-based Fandango, the online movie ticket and entertainment site, reported Tuesday that it is seeing a surge in sales of tickets via mobile phone. The firm said it saw a 60 percent, year-over-year increase in Thanksgiving holiday weekend ticket sales on mobile devices through the site. Fandango did not say what the dollar volume of sales has been via mobile, and how that compares to online ticket sales, but said that it believes it will be the "year of mobile movie ticketing" for the c (More info...)
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Cyber Monday Breaks Spending Record, Hits $1.25 BillionOnline shoppers drove Cyber Monday to a new record, spending $1.25 billion, in the heaviest U.S. online spending day in history, according to the latest numbers from comScore. comScore said Tuesday afternoon that shopping on Cyber Monday was a 22 percent increase over sales last year, driven by 10 million people doing their shopping online Monday. comScore said the sales also mark only the second day on record to surpass a billion dollars in sales. For the holiday season so far, that brings the (More info...)
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Nami Media Acquired By TV BroadcasterLos Angeles-based Nami Media, a provider of online advertising technology, has been acquired by Providence, Rhode Island-based LIN TV Corp., a publicly traded operator of 32 broadcast television systems. According to LIN TV, it has acquired a majority ownership position in Nami Media. Financial terms of the investment and acquisition were not disclosed. Nami Media is headed by Alex B. Cory, who was previously an EVP at Overture; he also headed up Neven Vision at the time of its acquisition by Go (More info...)
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Luxury Link Expands With Dorchester CollectionLos Angeles-based Luxury Link, which operates an online luxury travel website, said last week that it has partnered with the Dorchester Collection, a luxury hotel chain. Luxury Link said it will feature vacations from Dorchester Collection's properties, which include the Hotel Bel-Air, The Dorchester in London, Le Meurice in Paris, the Hotel Plaza Athenee in Paris, among others. Financial details of the deal were not disclosed. Luxury Link is aimed at the very high end travel market, offering up (More info...)
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Soraa Raises $88.6M For Solid State LightingGoleta-based Soraa, one of the LED research firms spun out of U.C. Santa Barbara and the labs of blue LED inventor Shuji Nakamura, has raised $88.6M in a funding, according to a regulatory filing from the firm today. The filing indicates the company is raising $90.26M in this round. Source of the funds have not been announced, however, the firm has previously raised capital from Khosla Ventures, and New Enterprise Associates now holds a seat on the board. The round is a Series B funding. Soraa i (More info...)
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GameSalad Taps Kiip For In-Game AdsLos Angeles- and Austin-based GameSalad, the developer of iOS and iPhone game creation software, said last night that it has partnered with in-game advertising provider Kiip. Kiip provides rewards-based, in-game advertising tools and SDKS. GameSalad said it will integrate Kiip's achievement-based rewards system inside GameSalad Creator. GameSalad said that Kiip has deals with brands such as Kodak, Best Buy, PopChips, 1-800-FLOWERS.com, and Vitaminwater, which tie tangible rewards to mobile games (More info...)
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Network Optix Snags $750K In Seed FundingBurbank-based Network Optix, a startup developing video transport, management, and display technology, said this morning that it has raised $750,000 in a seed funding. The firm said the convertible debt round came from Jor Law, Veracity, HauteSpot Networks, Kenneth Lu, and other angel investors. Network Optix said it is building an enterprise video platform for transporting HD digital video in an enterprise. The firm is led by Nathan Wheeler.
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AcuFocus Sees $65MIrvine-based AcuFocus, a maker of corneal inlays for treating presbyopia, announced this morning that it has raised $65M in a funding round. The ronud was led by Cowen Healthcare Royalty Partners, and also included SV Life Sciences, Versant Ventures, Carlyle Group, Accuitive Medical Ventures, Bausch & Lomb, and Medtronic. AcuFocus said the funding will go towards scaling its business and expanding into new markets. AcuFocus currently is available in Europe, Asia-Pacific, Middle East and South Am (More info...)
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Slacker Launches New Stations With ABCSan Diego-based personalized Internet radio service Slacker has teamed with ABC, to expand out its content, the firm said today. According to the company, it has launched new "Lifestyle" stations, covering things such as healthy living, relationships, employment, fashion, technology, religion/spirituality, and consumer news, powered by sources from ABC. Financial details of the deal were not announced. Slacker said content will come from ABC's Good Morning America and other ABC content partners. (More info...)
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MaxLinear Wins Sharp TV Tuner DesignCarlsbad-based MaxLinear, the developer of radio frequency and mixed signal integrated circuits, reported today that one of its iCs has been selected by Sharp Corp. for use in a hybrid TV tuner module. MaxLinear said Sharp is using its ML601 tuner IC. Shipment volumes were not announced. Sharp's tuner module is used in flat panel televisions.
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Esri Opens Office In DubaiRedlands-based mapping software maker Esri said yesterday that it has opened up a new, international office in Dubai. Esri said the new office will support its distributors and users in the Middle East and Africa. Esri is a maker of GIS (geographical information system) software, used to overlay geographical information and data onto maps. The firm's lead product, ArcGIS, has a dominant position in the GIS market. Esri said its clients in the Middle East include the Abu Dhabi Systems and Informa (More info...)
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