Sunday, 29 May 2011

Weekly Report(21st-27th May 2011)

Kabam raised $85 million in series D funding round, with Google Ventures also joining in as one of the investors. So we can expect more of hardcore social games and more engrossing factors for players in those games!
Turkish social game developer Peak Games received $5 million in first round of investment. This will boom the continued growth in Middle East North Africa, one fastest growing markets.
Finnish game developer Supercell, founded in June last year, secured $12 million. Supercell will develop titles for gamers who want online browser-based games that are bigger in scope than the most social games, but less involved than massively-multiplayer games.
GigaOm raised another $6 million making it to be one of the heavily funded tech news sites. The funds will be utilised in research area.
BuzzLogic, an online media company that improves brand metrics and ROI through its scalable media index and analytics platform, has closed a $7.8 million round of Series C Funding.
This week online gaming industry clearly makes most of the funding news.

Reply! Inc., the leading online marketplace for local marketing acquired largest online network of local business of US for $60 million, MerchantCircle. The combo will greatly enhance its access to local merchants and consumers.
sQuid and ACT which make 85% of UK's smartcard-based, contactless payments markets have joined hands and will now work as Smart Transactions Group.
Google purchased Sparkbuy. Sparkbuy aims to make it ridiculously easy to find the perfect consumer electronics item for you. We're a dedicated search engine that just searches for one kind of thing, but tries to do that way better than any of the big guys.
BuyWithMe acquired Groop Swoop, a social commerce company. We look forward to helping you discover great deals and incredible local experiences from local businesses and our national partners.
Twitter acquired the largely popular third party desktop client Tweetdeck. Tweetdeck also offers free Android and iPhone apps and expected to launch its iPad version too.
Let me also cover up the big news of May which I missed because of missing past few Weekly Reports. Microsoft purchased Skype for $8.5 billion.

Most of the fields are inter-mixed and inter-related these days. The tech savvy actor Ashton Kutcher has given another proof for this. He has invested in Airbnb, a community marketplace for you to discover and book unique spaces around the world, and will be joining the team as a strategic advisor.
Google released Google Wallet  Make your phone your wallet

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