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Funding daily: DreamWorks, Kloudless, Lex Machina, nChannel, and more
May 2, 2013 / 5:00 AM / 5 years ago

Funding daily: DreamWorks, Kloudless, Lex Machina, nChannel, and more

It was a big, big day for funding today with no fewer than nine startups getting funding, including one getting acquired for $33 million.

Let’s start with that one:

DreamWorks buys a YouTube network for $33 million

DreamWorks Animation bought YouTube network AwesomenessTV for $33 million, which could go as high as $117 million with incentives. That’s a massive price for a channel built on the YouTube platform, but AwesomenessTV has “aggregated over 14 million subscribers and 800 million video views.”

“Kloud” startup Kloudless raises $1 million

Kloudless, which helps companies move data on-demand from one cloud service to another, raised “approximately $1 million in new funding to grow its customer base.” Participants included the founder and CEO of Yammer, David Sacks, and Tim Draper, managing director of Draper Fisher Jurvetson.

Lex Machina raises $4 million

Legal and patent-focused startup Lex Machina raised a $4 million series A round to continue to build its machine learning and natural language processing legal text classification system.

MindMixer grabs $4 million

MindMixer closed a $4 million funding round to expand its current set of services and tools, as well as hire developers. The funding round was led by Nelnet with existing investors Dundee Venture Capital and Optimas Group also participating.

HybridCluster raises $1 million

HybridCluster, an early stage software solution provider to the cloud and hosting industry, announced completion of a $1m fundraising, and immediate availability of version 2.0 of its suite of storage, replication and web clustering software. Based in Bristol, UK, HybridCluster provides high availability, intelligent auto-scaling, and rapid restore software.

A variety of angels led the funding round, including Jason Seats (former VP of Engineering of Rackspace Cloud), Charles Grimsdale (partner at Eden Ventures and former CEO & founder of OD2), Anil Hansjee (former Head of Corporate Development, Google EMEA), and Toivo Annus (former Head of Engineering at Skype).

MyNewFinancialAdvisor closes a $1.1 million series A

MyNewFinancialAdvisor, which helps advisory firms grow their client base via online connections, closed $1.1M in a Series A round of financing led by Siemer Ventures, and said another round was imminent.

MNFA also says it has on-boarded $2.35 billion in investable new client assets.

nChannel raises a $2.4 million Series A funding round

nChannel, which makes a cloud-based multi-channel management platform, announced the closing of a $2.4 million Series A funding round led by the Ohio TechAngels Funds. nChannel says that in the last year it has processed over 833,000 subscriber transactions worth over $365 million.

photo credit: Viktor Hertz via photopin cc

Filed under: Business, Cloud, Deals, Enterprise

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