News & Updates - Friday, December 22, 2006
Heavy Raises $12.5M And Other Fres Deals
Investments
+ NEW YORK, NY Heavy has raised $12.8M in Series E (Video entertainment)
+ CUPERTNO, NY SpeedInfo has raised a $775K in a 3rd round says VentureWire (Traffic data from sensors buried in the pavement)
ROUND ROCK, TX Innovawave has raised $2M in Series A (Virtualization performance and efficiency management software)
+ SAN MATEO, CA BigDogGames secured $1.5M in Series A funding led by Rubicon Ventures, which follows up on a $1M angel round, (Gaming)
+ SEATTLE, WA Madrona led a $600K investment in Local Marketers and also provided an undisclosed amount of funding for AdReady (Online advertsing)
IPO
+ ISRAEL Babylon has filed for an IPO on the Tel Aviv Stock Exchange and plans to raise $10M at a valuation of $40M, pre-money (Translation software)
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