Dana Settle a Partner with Greycroft. Dana serves on the boards of K2 Networks, MoVoxx, Sometrics, Sportgenic, United Sample, Vuze and WideOrbit all Greycroft investments.

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Mark Suster, Investment Partner at GRP Partners. You can find Mark’s insights into issues facing entrepreneurs, technologists and the venture capital industry at Both Sides of the Table.

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Deal of the Week

Gilt Groupe

-Largest private sale web site in US

Current round: $35mm in Series C (extension of Series B at higher valuation) from General Atlantic, Matrix Partners

Total raised: $83mm; Series B round (July 2009 for $43mm) valued company at $400mm

Read more: TechCrunch, Reg Form D, WSJ interview w/ Susan Lyne

Other Deals

1. Booyah

-Develops a location based service platform that pairs the virtual world with mobile gaming

-Booyah’s most popular application is social LBS game is MyTown

Current round: $20mm in Series C by Accel Partners (Jim Breyer), KPCB, and DAG Ventures

Total raised: $29.5mm

Read more: CrunchBase profile, TechCrunch

2. BuzzFeed

-Portal that promotes and tracks general news, politics and popular culture articles published across the web

Current round: $8mm in Series B from RRE Ventures (Will Porteous)(lead), SoftBank Capital, Hearst Interactive Media, SV Angel (Ron Conway), Founder Collective (Chris Dixon)

Total raised: $11.5mm

Read more: VentureWire (requires login), Mahalo Profile Page

3. SimpleGeo

-Provider of simple, turnkey location based services to content publishers and online service providers looking to location-enable their applications or services

Current round: $8.14mm in Series A from Redpoint (lead), Foundry Group, with previous investors, First Round Capital, Lowercase Capital (Chris Sacca), Ravi Narasimham

Total Raised: $9.64mm

Read more: TechCrunch, ReadWriteWeb, TheNextWeb

4. Lookout

-SaaS provider of security and data back-up services for smart phones

Current round: $11mm in Series B by Accel (lead), Khosla Ventures, Trilogy Partnership

Total raised: $16.5mm

Read more: VentureBeat

VENTURE CAPITAL DISCUSSIONS:

OTHER DEALS (Cont):

5. Jelli

-Platform that provides radio music programming via crowd sourced contributions from social community; programming is syndicated nationally

Current round: $7mm in Series A from Battery Ventures (Satya Patel)(lead), First Round Capital; includes converted $2mm Seed round raised in Q4 2009 from First Round Capital, TriplePoint Capital, Alfred Lin (Sequoia, ex-COO Zappos), Peter Sperling (Apollo Group), Manny Rivelo (SVP Cisco)

Total raised: $7mm

Read more: VentureWire (requires login), SF Business Times

6. Grockit

-Provides online adaptive test prep services and community

Current round: $7mm in Series C from Atlas Ventures (lead), Benchmark, Integral Capital

Total Raised: $17.7mm

Read more: TechCrunch

7. Huddle

-Provides an enterprise collaboration and storage platform

Current round: $10.2mm in Series B from Matrix Partners (lead), with existing investors Eden Ventures (Charles McGregor)

Total raised: $15.0mm

Read more: TechCrunch

M&A

1. Sybase (acquired by SAP)

-Provider of enterprise software for mobile data services and data management

-SAP’s second largest deal, behind its 2007 acquisition of Business Objects for $6.8Bn

SAP:

-Leading developer of enterprise resource planning software

Transaction: $5.8Bn in cash; $65 per share

Read more: BusinessWeek, Reuters

2. CityDeal (acquired by Groupon)

-“Groupon for Europe”

-Approximately €20mm raised; largest investor is Rocket Internet (Sawmer brothers’ incubator)

Rumored deal value: “triple digit hundred millions”

Read more: Alltop, TechCrunch, TechCrunch follow-up

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