VC Buzz - $388.3 Million in Today's Deals
Summary
TelePlace is deploying and operating a global infrastructure for e-commerce and business-to-business applications through its high-tech facilities that act as "information utility companies," providing datacom, telecom and a network environment. Stockback, which will formally launch later this quarter, offers its members the ability to participate in a stock ownership program, simply by making their normal, every day purchases from retail and service providers. Investors included TA Associates, Sienna Holdings, European-based LeMans Investment Co. and the venture capital arms of Mitsubishi Electric Information Network, Oki Electric Industry Co. Ltd. and Nippon System Development Co. Ltd. AtomicTangerines plan is to apply the disciplines of venture capital, technology innovation and strategic consulting to create category killers and incubate new industries for companies of all sizes and at all stages of evolution. Quivers proprietary technology features an advanced algorithm which automatically builds customized directories for Web partners based on the preferences of each websites community of users. CHICAGO-- iExplore, an Internet resource for researching, purchasing and equipping adventure and experiential travel, secured $12.5 million in second round financing from a group of investors led by the investment affiliates of Soros Private Equity Partners.
