Radlive Ltd, an Israel-based enterprise telephony startup, has raised $7.65 million in Series A funding. Elron Electronic Industries and Gemini Israel Funds co-led the deal.
Fearghal O'Riordain has joined Scottish Equity Partners as a London-based partner focused on information technology opportunities. He spent the past five years with Accel Partners, and was a founding principal of Accel's European practice. www.sep.co.uk
NEW YORK (AP) – The parent of MySpace is buying the media-sharing site Photobucket for about $300 million, bringing together two of the Internet's most popular hangouts. The deal announced Wednesday will give MySpace and sister sites under News Corp.'s Fox Interactive Media access to Photobucket Inc.'s photo and video technologies, while Photobucket gets Fox's […]
NEW YORK (AP) – CBS Corp. said Wednesday it purchased global online social network Last.fm for $280 million in cash in a move to attract younger viewers and listeners across its businesses. Last.fm currently has more than 15 million active users in more than 200 countries. The acquisition follows CBS Interactive's recent purchase of Wallstrip.com, […]
Interactive TKO Inc., a Dallas, Texas-based provider of software testing solutions for composite business applications, has raised $7.5 million in Series B funding, according to a regulatory filing. Vesbridge Partners was joined by return backers Hunt Ventures and CenterPoint Ventures. www.itko.com
NanoH2O, a Santa Monica, Calif.-based water purification startup, has raised $5 million from Khosla Ventures. www.nanoh2o.net
Alan Menkes has joined I/ST Equity Partners as a partner. He had joined Tri-Artisan Partners as a managing director last year, before which he was founder and managing partner of Empeiria Capital and, before that, was co-director of private equity at Thomas Weisel Partners.
David Kabakoff has joined Sofinnova Ventures as an executive-in-residence in charge of the firm's new San Diego office. He most recently founded a strategic consulting practice, and before that was co-founder and CEO of cancer drug company Salmedix Inc. www.sofinnova.com
Shefa Ltd., a new private equity fund focused on healthcare opportunities in the Middle East, has received a $15 million commitment from IFC, the private sector arm of the World Bank. It previously secured a cornerstone commitment from Saudi Healthcare Investment Co., and is being managed by Bahrain-based Injazat Capital. www.ifc.org
ChosenSecurity Inc., a Needham, Mass.-based provider of identity verification and security services, has raised $8.5 million in Series A funding. .406 Ventures led the deal, and was joined by Castile Ventures and Prism VentureWorks. The company was founded last year as a spinout from GeoTrust, just prior to that company's Q3 acquisition by Verisign. Both […]