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Tuesday, June 30, 2009

Business funding: Interesting Deals for June 09

June saw some great business funding activity around the globe. See below for some of the more interesting deals and let us know if we're leaving anything of note out. reported that Cloudera, an data storage and management start-up, has attracted $6 million in a second round of financing led by Greylock Partners. A previous backer, Accel Partners, also ponied up for the round, which brings Cloudera’s total financing raised to date to $11 million.

VentureBeat Reported that MyBuys, which helps e-tailers make personalized recommendations to customers, said it raised $7 million in second round financing round from Lightspeed Venture Partners and Palomar Ventures. Both firms participated in the company’s previous round in 2007. In a press release, MyBuys said it planned to use the new money to invest in products, client services and market expansion., the Twitter-focused search engine that has nabbed a total $15 million in financing to date, was introduced last week says VentureBeat. Investors in the start-up, whose search functions operate Google’s for Twitter accounts, include Blue Run Ventures, Ignition Partners and Founders Fund.

The chief of a soon-to-be-independent AOL is expected to create a unit called AOL Ventures, which will house some of the start-ups AOL recently acquired and seek new venture-capital investment for them, according to All Things Digital. reported that Seatwave, the secondary ticketing Web site, is catching up with its rival Viagogo in terms of fund-raising, announcing that it has received another $17 million from its venture capital backers: Atlas, Mangrove and Fidelity, and a newcomer, Accel.