Well Avalon Ventures invested $5 million more in Cheezburger Networks that started off as blog with funny cat photos. Below are few other deals that closed and photo of funny cat with money!
VC DEALS THAT CLOSED:
Cheezburger Network, a Seattle-based finder, creator and distributor of Internet memes, has raised $5 million in new VC funding. Existing backers include Foundry Group, Madrona Venture Group and Avalon Ventures. www.cheezburger.com or read more:http://www.tweaktown.com/news/27544/cheezburger_network_raises_5m_in_funding_for_lolcats_fail_blog_others/
Jasper Wireless Inc., a Mountain View, Calif.-based connected device platform for machine-to-machine and consumer electronics, has raised $40 million in fifth-round funding, according to a regulatory filing. The company previously raised over $66 million from Benchmark Capital, Sequoia Capital, DAG Ventures, AllianceBernstein, Bridgescale Partners, Integral Capital Partners and Crescendo Ventures. www.jasperwireless.com or read more at: http://finance.fortune.cnn.com/2012/12/31/venture-capital-deals-262/
Labrys Biologics Inc., a San Francisco-based stealth startup, has secured around $14.6 million of a $31 million Series A round, according to a regulatory filing. Backers include InterWest Partners, Sofinnova Venture Partners and Canaan Partners. Read more at: http://finance.fortune.cnn.com/2012/12/31/venture-capital-deals-262/
The Fancy, a New York-based online style curator, has raised $6 million in new equity funding, according to a regulatory filing. The company previously announced a $26 million round in October, before which it had raised around $18 million. Backers include PPR, General Catalyst Partners and Allen & Company. www.thefancy.com or visit Pinterest :P
Venga, a Washington, D.C.-based guest management system for restaurants that leverages transaction data, has raised an undisclosed amount of Series A funding. Backers include BR Venture Fund, the student-run VC fund at CornellUniversity’s Johnson School of Management. www.getvenga.com or read more at: http://www.finsmes.com/2012/09/venga-raises-venture-capital-funding.html
Happy Investing and Networking,