Here are 5 companies operating in the new media environments – TV, mobile, Advertising and IT – which have reinforced their funding over the past few days.
Kontera, the Israel-based developer of in-text advertising technology, announced $10.3m funding on August 13, 2007. Kontera develops “contextual analysis technology that finds relevant keywords on a publisher’s web page and automatically turns them into a link to the most relevant ad from among Kontera´s thousands of advertisers.” Investors for this round include Carmel Ventures, Lehman Brothers and Sequoia Capital. The company plans to use the funding to scale its sales, marketing and R&D operations.
Wecomm, the UK-based provider of interactive mobile data products, has raised £3m (€4.4m) (August 8, 2007). Wecomm enables media companies and network operators rapidly to deploy feature-rich mobile applications in a new way that changes the economics of delivery and the quality of user experience through interactivity and repeat usage. Investors for this round include Elderstreet Investments and Frontiers Capital. The investment will be used to fund product development and geographic expansion.
On august 14th, Scottish Inxstor has raised £600K from Braveheart, the Scottish venture capital angel network, and backed by the Scottish Co-investment Fund.
A spinout from Infinite Data Storage, founded in 2006, Inxstor Ltd focuses on delivering Place Shifting technology, a natural extension to the popular and well understood Time-Shifting. The company will allow users to watch TV programmes they would normally receive at home in any location, on devices such as mobile phones. In effect TV-anytime-anywhere. The investment, which follows seed funding last year of about £400,000, will be used to expand the product development program and the technical team.
San Francisco based Doppelganger announced on August 14 a fourth round of $11 million in new funding, bringing the total to $25 million. Doppelganger launched Vside (for “virtual side”), a new music-oriented virtual world. Their competitors include SecondLife. New investor ComVentures leads the round along with existing backers Draper Fisher Jurvetson, Trident Capital, Draper Richards, KPG Ventures and Greycroft Partners. They will use the funds to continue to grow the business.
Enigmatec announced $12.5 million series C funding on August 13, 2007. Founded in 2002, Enigmatec is a leader in run book automation and virtual environment management solutions for today’s on-demand enterprise IT environments. These solutions reduce IT operations costs and improve service levels through the intelligent automation of IT processes. Investors for this round include Amadeus Capital Partners, Pentech Ventures, Herald Ventures, and Kevin Lomax, formerly the executive Chairman of Misys.