A new set of figures has backed up LibraryHouse’s recent finding that European VC investments slowed in Q2. Dow Jones (NYSE: NWS) VentureSource says VCs invested in 167 startups in…

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Stockholm-based online gaming software maker NYX Interactive has attracted a €5 million investment from Player X backer Nordic Venture Partners to fund international expansion. NYX makes technology for bingo, lotto,…

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Imagine a football pitch touchline ad that changes depending on your location. Finnish software firm Supponor has secured a first-round investment of €6 million to do exactly that. The Helsinki…

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Scool.ro, a Romanian social network for students and alumni, has received an investment from IIF Group, the Polish VC house that’s also funded car search site Wroom.pl TV recommendation platform…

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Daft Media, the owner of Irish property website Daft.ie has taken a minority stake in local community discussion site Boards.ie, for an undisclosed amount, reports SiliconRepublic. Boards.ie was founded 10…

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Bangalore-based start-up Devas Multimedia, a satellite-based mobile services company, will receive funding of $75 million (Rs 317 crore) from Europe’s largest telecom firm, Deutsche Telekom (NYSE: DT). The German telco…

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European VC investments in media and technology fell by a big 69 percent from Q1 to Q2, according to new LibraryHouse data. It was down from €330 million to €102…

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Arsenal football club majority owner Alisher Usmanov is reportedly trying to add to his online investments by buying between 10 and 20 percent of Russia’s top portal Yandex. Business paper…

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Updated: The stake is 10 percent, for $2 million. The deal includes an option to acquire a controlling stake in the company at the end of 2008. The Santa Monica-based…

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Cambridge, UK-based online search firm True Knowledge has closed its second round of funding...the funding was led by existing investors Octopus Ventures and angel investors. It brings the total raised…

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Berlin-based language learning startup Babbel.com has attracted funds of an undisclosed amount to add staff and freelance content contributors. Members of the site teach other other through online partnerships. The…

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Indie film festival Raindance has attracted £500,00 to accelerate its online operation. Raindance.tv recently inked distribution deals with 10 partners including Babelgum, Joost and BlinkBox as it seek to become…

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Independent game developer Monte Cristo, the creator of the CITIES XL online game, has raised EUR 4.5 million ($7 million) Arts Alliance, 360 degrees Capital Partners and Innoven Partenaires. The…

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Deutsche Telekom (NYSE: DT) is investing two million euros in Swoodoo, a German flights search and booking site, via its T-Online Ventures arm, and aims to integrate it with some…

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Webjam, a startup that lets any organization set up their own social network (that sounds pretty familiar), has raised a £1 million ($1.9 million) first round led by I-Source, which…

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Online video advertising startup VideoPlaza has received a €420,000 seed investment from Creandum plus angels Henrik Torstensson and Magnus Hultman to launch outside of its native Sweden. Sweden is seeing…

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Bestofmedia Group, the French tech publisher that acquired tech sites Tom’s Hardware and related sites last year, has taken its first outside funding in its 8-year history: It has raised…

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Two-year-old German, Spanish and Italian luxury shopping community BuyVIP has received a further round of investment of an undisclosed size from Bertelsmann Digital Media Investments, 3i and Molins Capital Inversión.…

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Helsinki’s Xtract, an agency that gathers social media impact data for advertisers, has closed a €7.5 million (£5.9 million) second round of funding to expand outside of Europe. The funds…

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Another upstart mobile social media platform, Next2Friends, will announce a “multimillion-dollar” first funding round in the next four to six weeks. Term sheets are being signed for the company to…

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Playfish, a developer of games on Facebook, has raised $1 million (£500,000) as part of a larger planned venture round, according to VentureWire, via VentureBeat. The funding, from VC firm…

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Rue89, a French alternative news site founded by disgruntled former Libération editors, has attracted a €1.1 million investment after selling a 24.9 percent stake to backers including Fotolog operator Hi-Media.…

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Berlin- and San Francisco-based online casual gaming platform GameDuell has received an €11 million second-round investment from Wellington Partners with the cash due to be used for international expansion. The…

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With Russia’s internet scene really starting to hot up, and the former Soviet republics also showing a good degree of web promise, Cisco (NSDQ: CSCO) has teamed with Russia’s Almaz…

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Holland’s Nimbuzz, another mobile app that hopes to aggregate all kinds of messaging networks and VoIP services, has raised a $15 million second round to add Windows Mobile, iPhone and…

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