Iris Dorbian
The Trade Desk said Tuesday that it has raised $20 million in Series B funding. Hermes Growth Partners led the round with participation from return backer IA Ventures. According to the company, the capital infusion will be used for international expansion. Also, Alex Kayyal of Hermes Growth Partners has been added to The Trade Desk's board of directors. Headquartered in Ventura, Calif., The Trade Desk is a global demand-side platform.
Rovi Corp has agreed to buy Veveo. The transaction is for approximately $62 million in cash at the closing and up to $7 million in additional cash payments based on meeting certain agreed-upon milestones. Headquartered in Andover, Mass., Veveo is a provider of personalized entertainment discovery solutions. Its backers include Matrix Partners, Norwest Venture Partners and North Bridge Venture Partners.
D.light said Tuesday that it has closed $11 million in Series C funding. The investors included DFJ, Omidyar Network, Nexus India Capital, Gray Ghost Ventures, Acumen Fund and Garage Technology Ventures. In conjunction with the funding, both Mohanjit Jolly of DFJ and Matt Bannick of Omidyar Network have joined D.light's board of directors. Headquartered in San Francisco, D.light is a provider of solar lighting and power products for people without access to electricity.
IBM said Monday that it has inked an agreement to acquire Cloudant. No financial terms were disclosed. Based in Boston, Cloudant is a provider of distributed database-as-a-service. Its backers include Y Combinator, Avalon Ventures, In-Q-Tel, Samsung Ventures, Toba Capital, Devonshire Investors and Rackspace.
Oracle said Monday that it has agreed to buy BlueKai. No financial terms were disclosed. BlueKai is a big data platform for marketing campaigns. Its backers include Redpoint Ventures, Battery Ventures, GGV Capital and e.ventures.
SpareFoot has closed $10 million in funding from Insight Venture Partners. Based in Austin, SpareFoot is an online marketplace for self-storage. Its other backers include Capital Factory, FLOODGATE and Silverton Partners.
Boost Communications said Monday that it has closed an additional 1 million pounds in funding. The backers included Investinor and NIK. Based in Norway, Boost Communications is a provider of mobile advertising solutions to media brands.
TraceLink said Monday that it has raised an additional $5.5 million in funding. FirstMark Capital led the round. Based in Wakefield, Mass., TraceLink is a provider of cloud computing and supply network process solutions.
Ezetap has closed $8 million in Series B funding. Helion Advisors led the round with participation from Social+Capital Partnership and Berggruen Holdings. Also, Ashish Gupta of Helion Advisors will join Ezetap's board while Rahul Chandra, also of Helion Advisors, has been named an advisor to the company. Based in Bangalore, India, Ezetap is a mobile payments service provider for emerging markets.
Norway-based mCASH has raised $7 million in funding from Northzone and Entrée Capital. In conjunction with the funding, Entrée Capital's Ashley Head will join mCASH's board of directors. MCASH is a provider of new mobile payment solutions.