Multiply Lands $16.6 Million Series B

Social network Multiply has taken $16.6 million in Series B funding. The round was led by VantagePoint Venture Partners with Point Judith Capital and Transcosmos Investments also participating.

As part of the deal ex-Chairman of Intermix Media (the original owners of MySpace) David Scott Carlick will join Multiply’s board.

Multiply previously took $6million Series A in July 2006.

Multiply is one of the older social networking sites (it launched in 2003) and has flown under the radar while first MySpace, then Facebook soared; we last covered the site in November 06. Whilst getting little attention Multiply has continued to grow, and at least according to Alexa is now more popular than Bebo, although lower than Orkut or Hi5. Like many of its competitors it appears to have carved out a strong presence outside of the United States, ranking in the top 10 sites visited by internet users in the Philippines (5) and Indonesia (9); 39% of the sites traffic comes from the Philippines.

Jaxtr Closes $10 Million Series A; Announces 1 Million Users

Jaxtr has raised a $10 million Series A round led by August Capital with Mayfield Fund, Draper Richards, Draper Fisher Jurvetson and Luxemburg-based Mangrove Capital participating. They’ve also doubled their registered user base over last month, totalling 1 million users. They plan on getting to a break even point on the investment and to total 20 million users by the end of next year.

Jaxtr, like GrandCentral, uses VOIP as a utility to add features to your existing phone. Many other other VOIP startups focus primarily on cost savings (We have a roundup of VOIP services here). It’s service lets you anonymously post your phone number on the web and get cheap long distance calling rates. It works by connecting calls to your existing phone service through a Jaxtr number on VOIP. Calls are anonymous because they are made to a new Jaxtr number instead of your existing number. This lets you push all calls to voicemail and choose who can and can’t call through directly. Calls are cheaper because long distance calls are made over VOIP lines instead of standard phone networks. Jangl is another player in the category, also enabling you to control access to who calls your phone.

Although you can access the service easily through an embeddable widget, Jaxtr has found a lot of its growth coming from direct call links placed in emails or on non-social networking websites. Jangl has been expanding through a series of business deals, most notably with Various, Inc, Justin.tv, Fubar, and Revision3, bringing their online profile presence to over 20 million.

As part of taking the company to a break even point, they will be releasing a paid service, incorporating advertising, and pursuing new services on social networks (TBA). The paid service is expected to be their lead revenue generator, with the first paid component simply allowing people to buy more Jax, the virtual currency that converts into local phone minutes. Currently users get 100 free Jax each month, which convert into 100 minutes in the US, with conversion rates depending on local telco costs (sometimes as low as 15 minutes in Europe). Longer term plans include tiered monthly minute plans, like cell phones.

Their second revenue stream will be through on-site advertising within user’s Jaxtr accounts. A look at their Alexa traffic shows traffic growing noticeably upward in fits and spurts, mostly due to users checking their Jaxtr voicemail. Although the company currently isn’t disclosing traffic numbers, Konstantine doesn’t dispute the Alexa numbers. He explains the dips as periods during which they had trouble keeping up with the growth.

Windows Live Messaging Coming To Bebo

Bebo has announced a new partnership with Microsoft that will see the introduction of the Windows Live instant messaging service to Bebo’s social network.

The new service will allow Bebo users to chat to people outside of the Bebo network, from within Bebo itself. What makes the deal perhaps more interesting is that Bebo users will also now be recognized over the Windows Live platform; in effect the deal becomes a sort of merging of member databases. It’s also a first for Microsoft, who has remained somewhat distant from the growing social networking market to date.

Bebo continues to trail behind MySpace and Facebook in the United States in terms of traffic, but as confirmed by comScore August 15, is the most popular social networking site in the United Kingdom.

(via Reuters)

LendingClub To Close $10.26 Million Series A

Peer to peer lending service Lending Club will close a $10.26 million series A round of financing from Norwest Venture Partners and Canaan Partners tomorrow. This comes a few months after the company’s $2 million angel round. Coinciding wit the investment, Jeff Crowe and Dan Ciporin (former ceo of shopping.com) are joining Lending Club’s board of directors.

Similar to other P2P lending sites (Prosper, Zopa, Kiva), LendingClub matches borrowers and lenders. However, LendingClub doesn’t work through their own website, but solely through Facebook on the application they launched at the F8 platform launch conference. Borrows and lenders a linked up using their “LendingMatch” system, which recommends loans based on credit and their social relationships to each other. The idea being that trusted relationships make lending more likely and defaults less likely. The application currently has over 13,000 installs.

Unlike Prosper, interest rates aren’t determined through bidding, but calculated based on the borrowers credit score, debt to income ratio, and amount of the loan. There are no hidden fees, and the interest rate is fixed for three years. In July the service surpassed $500K in loans. They recently claimed a little more than 4 out of 5 loans get funded and haven’t reported any defaults or late payments.

It’s still the early days for this industry, and as TC commenters point out, it’s very much a case of Caveat Emptor.

Israel’s Kontera Nails $10.3 Million Second Round From Sequoia And Others

an Israel startup (although their official headquarters is in San Francisco), is cashing in on the full-on bonanza around anything that calls itself an advertising network right now.

A year ago they raised $7 million from Sequoia Capital and Lehman Brothers. Tomorrow they’ll announce a second round of financing - $10.3 million more from Carmel Ventures, an Israeli venture firm. Sequoia and Lehman are also participating.

Kontera’s main product is in-text advertising. They’ll take popular keywords within the text of an article and put double lines below them to signify it’s an advertisement. Clicking on it generates cash for the publisher. A demo of the product is here. In the press release a customer claims to be seeing 10% click through rates from the ads.

Pickle Purchased For $4.1 Million

Photo and video sharing site Pickle.com has been purchased by Scripps Networks for a reported $4.1 million. Scripps is the company behind many lifestyles brands like DIY, the Food Network, HGTV, and Great American Country. This is their second web purchase after Recipezaar last month. We covered the site’s launch last June.

Pickle is different from a lot of other sharing sites in that it relies heavily on email and mobile phone submissions to personal and shared project pages. It’s essentially a multi-modal service for dumping your content into a bucket of content that you can expose through their widget. The service supports uploads of photos and videos from computers, mobile phones or digital cameras to any Web site. Scripps plans on incorporating the product into supporting content sharing across their existing lifestyle properties. It was created by an Arlington based company called Incando.

You can see an example of their content sharing widget after the jump (auto-plays).
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