Growthink Client News
Growthink Client Scratch Media Group Raises $3.3 Million
Congratulations to Growthink client Scratch Media Group.
Scratch Music Group just completed a $3.3 million round of growth financing.
The funding round was led by Contour Venture Partners. Additional investors included the New York City Investment Fund (NYCIF) and angel investors. The angel investors included SeamlessWeb's Jason Finger and Todd Arky, and Jacob Pechenik, the co-founder and CEO of YellowJacket Software.
Scratch Music Group has built the first and largest national team of heavily screened marquee DJs, who entertain guests at thousands of weddings, corporate events, tours, and music festivals each year. Scratch works closely with leading brands including MTV, Saks, Vans, Bloomingdales, ESPN, Royal Caribbean Cruise Lines, Ann Taylor, Pepsi, Sandals Beach Resorts, and W Hotels.
Growthink Client ProtonMedia Raises Another $4.5 Million
Congratulations to Growthink client ProtonMedia.
ProtonMedia, who had raised a $2.5 million financing round in July 2009, just closed a $4.5 million Series B venture financing, bringing its total outside funding to $7 million.
The lead investor in the deal was Kaplan Ventures, the venture arm of the education company Kaplan, Inc. Other investors in this latest round included Originate Ventures (located in Bethlehem, PA) and Osage Venture Partners (located in Bala Cynwyd, PA).
ProtonMedia is the developer of ProtoSphere, a virtual collaboration environment for the high-performance workplace, and the #1 virtual environment for collaborative PLM in life sciences. ProtoSphere’s virtual environment provides an arsenal of business-focused collaboration and communication tools that help companies accelerate decision-making and raise productivity, improving workplace performance overall.
ProtonMedia’s customers include some of the world’s most respected brands, including AstraZeneca, Johnson & Johnson, Merck Inc., BP, Chevron, Duke University, Deloitte, TIAA-CREF, Lockheed Martin, and Boeing.
Growthink Client Clickability Acquired for $10 Million
Last week, Growthink Client Clickability was acquired by Limelight Networks (NSDQ: LLNW).
Limelight Networks purchased Clickability for its web content management system which is used by many high profile publishers.
The web CMS will help Limelight's new video platform business, which it entered last year when it purchased Delve Networks.
Limelight paid $10 million in stock and cash for Clickability.
Growthink Client Adometry Raises $1 Million
Congratulations to Growthink client Adometry.
Adometry just completed a $1 million round of VC funding.
Four investment groups participated in the round: Austin Ventures, Sierra Ventures, Stanford University and Shasta Ventures.
Adometry, formerly known as Click Forensics, is a leading provider of ad analytics and traffic quality solutions for the online advertising community. Adometry leads the industry in online ad verification and traffic quality management, delivering actionable insight to improve the performance of online advertising. Online advertisers, agencies, publishers, and ad networks rely on Adometry for audience verification, click quality scoring and attribution metrics to optimize online advertising results.
Growthink Client Dr. Sears Family Essentials Raises $5.6 Million
Congratulations to Growthink client Dr. Sears Family Essentials.
Dr. Sears Family Essentials just completed a $5.6 million round of venture capital funding.
The funding was provided by Intuitive Venture Partners and will help Irvine, CA-based Dr. Sears with expansion and marketing efforts. Intuitive Venture Partners is based in New York.
Dr. Sears Family Essentials is a privately-held, functional food and beverage company rooted in the collective expertise of the Sears Family of Pediatricians, which features more than a century of combined medical knowledge. The company offers a doctor-formulated, kid-approved line of 100 percent all-natural snacks, beverages and supplements that provide essential daily nutrients, such as Omega-3 DHA, to help children grow healthy, strong and smart.
Dr. Sears Family Essentials products are reflective of Dr. Bill Sears’ lifelong dedication to children’s health and wellness and the company’s commitment to helping combat childhood obesity and Nutritional Deficit Disorder. Dr. Sears Family Essentials products are available nationwide at The Vitamin Shoppe, Whole Foods, independent natural health retailers and major regional grocery retailers including H-E-B, Meijer and Fred Meyer across the U.S., and online at www.drsearsfamilyessentials.com.
Growthink Client DecisionStep Purchased by Buy.com
Congratulations to Growthink client DecisionStep which was acquired today.
DecisionStep helps online businesses succeed by providing hosted, innovative solutions that let consumers make better decisions faster. DecisionStep's application called ShopTogether provides real-time, social interaction to shoppers so they can be part of each other's web experience and decision-making process, increasing order value and buyer conversion for retailers.
DecisionStep was acquired by Buy.com, a leading retail marketplace with more than 18 million customers. The amount of the acquisition was not disclosed.
To read the full press release of the acquisition, click here.
Growthink Client Ifbyphone Raises $10 Million
Congratulations to Growthink client Ifbyphone.
Ifbyphone just completed a $10 million second round of venture capital funding. This
brings Ifbyphone’s total outside funding to $16 million.
Investors in this Series B round included Apex Venture Partners, Origin Ventures,
Spring Mill Ventures, i2A Fund, River Cities Capital and Second Century Ventures (the
National Association of Realtors’ investment fund)
Ifbyphone provides a suite of software-as-a-service voice applications for ad tracking,
call notifications, call forwarding, call automation and interactive voice response (IVR).
These technologies help you manage, measure and automate voice communications.
Growthink Client WhyPark Acquired by Parked.com
Growthink announced today that its client, WhyPark, an Ohio-based non-traditional domain parking platform that combines full text, relevant content with keywords associated with a domain name, has been acquired by Parked.com.
The acquisition was announced on April 28, 2009. Terms were not disclosed. Parked.com, founded in 2006, specializes in monetizing domain names.
Growthink worked with WhyPark (http://www.whypark.com) to develop its initial business plan and strategy, including capital acquisition and investor relations.
"We worked to position WhyPark so its investors would realize the value of its technology and how the Company was poised to become a leading player in the domain development market," said Emily Burg, Growthink's VP of Strategy.
"WhyPark's successful acquisition by Parked.com validates the long-term value that Growthink's strategic consulting provides to our clients."