Venture Capital Update

Mediascrape received $3.16 Million in a second round of funding from undisclosed investors. Mediascrape aggregates and broadcasts news from 28 global agencies.

Silverpop received $15 Million in funding from D.E. Shaw and Draper Fisher Jurvetson. Silverpop provides permission based email marketing services.

SaysMe received an undisclosed amount in funding from Intel Capital, Prime Capital and Katalyst Films. SaysMe allows you to buy advertising space and run their preapproved advertisements on television in a specific geographic area quickly and easily.

Obopay is a mobile payment service. Obopay raised $20 million from Essar Communications Holdings Limited, Alliance Bernstein, ONSET Ventures, Redpoint Ventures, Richmond Management, Richmond Global Cellular, Citi, Societe Generale, Qualcomm, Promethean and Olayan America Corporation. Previously Obopay received $29 Million in July 2007.

Jobster received $7 Million in funding from Ignition Partners, Mayfield, Reed Elsevier and Ventures and Trinity Ventures. To date the funding totals $55 Million. Jobster a job site to match employers with prospective employees using social networking features.

Redpoint Ventures

Redpoint Ventures was formed in 1999 with partners from Brentwood Venture Capital and Institutional Venture Partners, two firms that have been successfully investing in technology since the early days of venture capital. We offer a deep bench of experienced partners with success in building companies throughout the technology industry. All of us have established track records—from early investments in industry pioneers like TiVo, NetFlix, Ask Jeeves, Foundry Networks and Juniper Networks to exciting new companies such as MySpace, Calix, MobiTV, BigBand Networks, Fortinet, Right Media and HomeAway.

ONSET Ventures has over $700 million under management, seven successful funds launched, and over 100 companies backed since 1984.

AllianceBernstein L.P.

AllianceBernstein L.P. is a publicly traded global asset management firm with $742 billion in assets under management at March 31, 2007. AllianceBernstein provides diversified, global investment management services that include growth and value equities, blend strategies and fixed income services to institutional, high net worth and retail clients worldwide.

Visit their site here.

Investments on VCU:

• Obopay

Societe Generale

Societe Generale is a European corporate and investment bank.

Visit their site here.

Investments on VCU:

• Obopay

Citi Venture Capital

Citicorp Venture Capital was founded in 1968 and is focused on making control equity investments in U.S.- and European-based middle-market companies.

Visit their site here.

Investments on VCU:

• Obopay