Top Startups Funded In The Month of May 2010

Last month, a lot of startups received funding for business idea development, business growth, expansions etc. . A lot more startups were able to raise funds for idea development growth, expansion etc this month. The following funding raised were prominent.

Palo Alto-based Criteo, a provider of online advertising retargeting services, raised $7M in a Series C funding round. The round came from Bessemer Venture Partners. The firm said the funding brings its total raised to $24M. Criteo said the investment comes after the firm relocated its headquarters from Paris, France, to Palo Alto. Criteo offers cost-per-click (CPC) advertising retargeting for e-commerce clients. Reported by Silicon Tap

WordStream, a company that helps search advertisers choose the best keywords and strategies for their campaigns, raised $6 million in a second round of funding.
The Boston company launched in January 2009 and said it now powers campaigns for more than 500 businesses. This new round comes from Egan-Managed Capital and Sigma Partners and brings WordStream’s total funding to $10 million. Source : Venture Beat

Infineta Systems is emerging from stealth mode to tackle a problem that it says more and more big companies are facing — bandwidth. And it has raised a $15 million first round to fund its efforts. Captured at Venture Beat

Grockit, a company that combines learning with social networking, raised $3 million of its planned $7 million round of equity, according to a filing with the SEC. The San Francisco-based company helps students prepare for standardized tests online in a peer-to-peer environment. The educational startup, founded in 2007, previously raised more than $10 million. Source: venture Beat

TRA, a software company that makes it easy to measure the impact of TV ads, raised $18.2 million in a third round of funding. About $10 million of the amount came from Intel Capital, which led the round.

TRA provides a business intelligence platform. It matches data on the TV viewing habits of 1.5 million households with data on the purchase habits of 54 million homes. Courtesy venture beat

Booyah, which makes the location-based mobile gaming app MyTown, raised $20 million in a round led by Accel Partners and including previous investors Kleiner Perkins and DAG Ventures. Source: Gigaom

Brazilian private sales site Brandsclub raised $17 million in funding from South African media conglomerate Naspers and European fund Trayas. Naspers put in the bulk of the funding, investing $15 million in the e-commerce company. Reported on Techcrunch

Babble, a magazine and parenting community site, has raised $3 million in Series B Financing led by Village Ventures with Greycroft Partners and iNovia Capital participating. This brings the startup’s total funding to $6 million. The funding will be used to expand Babble’s team. Originally published on Techcrunch

ReputationDefender adds $12M — The company, which tracks people’s online identities for a fee, has raised $11.99M in equity, options, rights and the sale of second-round preferred stock.

Most funding raised by startups were also captured by venturebeat, don’t forget to check them out.

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