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Friday, September 5th, 2008
articles.php?which=MoreMoneyHeresWhosRollingInStart-UpScratch
More Money: Here's Who's Rolling In Start-Up Scratch.

-Tabula secured an unspecified (!) amount of second round funding this week for its educational games. The company specifically makes pre-algebra and algebra software games for K-12 schools, which we're sure are a ton of fun.

-Crowd Fusion is living the dream this week after raising $3 million in first round funding. The company operates a web publishing platform, and is working on building tools that will help users build vertical destination sites. You can check out the company here, but may we suggest that they use at least part of their funds to build a better website?

-Enigmatec, an enterprise data center automation vendor, raised another round of funding this week, closing a $14 million deal. The company plans to use the cash to establish a "Centre of Excellence" in Scotland. No word yet on what that specifically will entail, but hey, it sounds cool.

-Flypaper Studios closed $3.5 million in second round venture capital funding. The company is a rich media software creator and has two products, Flypaper and Flypaper Pro. The company intends to use the investment to expand its marketing and product line.

-BitGravity, a two-year old start-up that delivers Internet video, announced that they'd raised $2.5 million in first round funding this week. What's different about BitGravity is that they provide Internet videos that play immediately and without any buffering. The hope is at some point that it can be used in conjunction with Internet television.

-While it's not exactly funding, DailyCandy, the saccharine fashion-trends-and-more newsletter for women, still cashed in this week—big time. They were acquired by Comcast for a whopping $125 million. That sum is actually less than Daily Candy's most recent valuation, which was $140 million. Nonetheless, it's still a sweet little deal (heh) for a company best known for making up words like "textual frustration."

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