A Rival for the iTunes App Store, a Data-Driven Dating Service for Facebook, a Pair of Social Gaming Deals, & More Bay Area BizTech News
What summer doldrums? The startup launches, venture financings, and M&A deals were flying about as fast as they come last week.
—I got the inside story on OpenAppMkt, a new marketplace for Web apps for the Apple iPhone, from co-founder Teck Chia. The service, which went live on Friday, is similar to the iTunes App Store for native apps, but is designed to help iPhone owners find free and paid apps that run inside the phone’s Safari Web browser.
—We profiled Triangulate, a Palo Alto, CA-based startup that recently raised $750,000 to work on its Facebook dating app for singles. The app, called Wings, makes matches based on personal details drawn from users’ social media streams, including Facebook, sparing them from having to fill out lengthy eHarmony-style questionnaires.
—I took a close look at LearnBoost, a startup at San Francisco’s Pier 38 that will soon release an online gradebook and other Web-based tools for teachers. The startup, which just raised $975,000 in venture and angel funding, hopes its software’s clean and easy-to-use interfaces will help it take market share away from big incumbent suppliers of student information systems like Blackboard and Pearson Education.
—There were two giant deals last week in the social gaming sector. Disney (NYSE: DIS) said it would acquire Mountain View, CA-based Playdom, maker of top MySpace and Facebook games like Social City and Sorority Life, for as much as $763 million. And Japan’s SoftBank invested $150 million in San Francisco-based Zynga, which makes the even more popular Facebook games FarmVille and Mafia Wars. Zynga and SoftBank plan to launch a new joint social gaming venture in Japan.
—I got a realistic, reasonably upbeat assessment of the venture industry’s near-term prospects from Scale Venture Partners co-founder and National Venture Capital Association chairperson Kate Mitchell and SVP general partner Rory O’Driscoll. Mitchell says venture funds will continue to shrink in resources over the next two to three years, but that it’s still a great time to invest.
—Xconomy founder Bob Buderi published a two-parter based on his interview with Henry McCance, chairman emeritus of San Mateo, CA-based Greylock Partners. Part 1 looked at why Greylock relocated its main office from Waltham, MA, to Silicon Valley, and Part 2 focused on McCance’s thoughts about the personality traits that go into being a great venture investor.
—At O’Reilly Media’s Maker Faire in Detroit, Menlo Park-based TechShop, a network of open-access hackerspaces, announced that it would work with Ford to open a TechShop branch in the Detroit area, as our Detroit correspondent Howard Lovy reported.
—The Zap Alias, a three-wheeled electric vehicle made by Santa Rosa, CA-based Zap, made it to the final round of the Automotive X Prize competition in Michigan, as Bruce reported.
—San Francisco’s Ecotality (NASDAQ: ECTY) struck an agreement with San Diego’s Qualcomm to build the chipmaker’s wireless chips into its nascent network of electric-vehicle charging stations, as Bruce also reported.
—Adobe (NASDAQ: ADBE) in San Jose announced that it will buy Day Software. The Swiss firm, with U.S. headquarters in Boston, makes Web content management systems for large corporate websites, including Adobe’s.
—San Francisco-based grid management software maker Nexant raised $32.5 million in venture financing, according to a regulatory filing.
—Menlo Park, CA-based CloudMade, a maker of mapping tools for Web developers, raised $12.3 million in Series B funding from Greylock Partners and Sunstone Capital.
—BlueArc, a San Jose-based builder of network storage systems, raised $20 million in a financing round led by Sweden’s Investor Growth Capital.
—Convoke Systems of San Francisco raised $5.5 million in Series B funding from Flybridge Capital Partners and QED Investors.
—UK-based digital pay TV software provider Pace PLC purchased 2Wire, the San Jose-based maker of broadband modems, for $475 million.
—San Francisco-based online ad network BuzzLogic raised $8.8 million in Series B funding from Adams Capital Management and Ackerley Partners, and announced a new type of rich-media ad unit called “BuzzRoll.”
—San Jose-based payment processing software maker Verient picked up $3 million from undisclosed investors.
—In a deal of our own, Xconomy announced that we’ve formed a partnership with the Bay Citizen, the San Francisco-based non-profit local news publication, under which the Bay Citizen will republish several Xconomy business and technology stories per week.
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