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Tuesday, June 30, 2009

Business Funding Deals for July 09

In our regular monthly blog on business funding activity around the globe, this month again we saw some interesting activity some of which are listed below., a do-it-yourself social networking start-up, has landed an additional $1 million in its first round of financing, led by Golden Horn Ventures.

Google has invested an additional $2.6 million in 23andMe reports the New York Times. The personal genetics company co-founded by Anne Wojcicki, the wife of Sergey Brin, a Google co-founder. The investment, which Google disclosed in a regulatory filing on Thursday, brings Google’s total investment in the company to $6.5 million.

The man who popularized the Web browser has started a venture capital fund to back the next generation of new technologies.

Marc Andreessen (above), a founder of Netscape, announced Monday that he and Ben Horowitz, a longtime business associate, had raised $300 million that they intended to invest in technology companies, Claire Cain Miller of The New York Times reported. The venture capital firm, Andreessen Horowitz, will risk small sums, some as small as $50,000, on new ideas.

The The New York Times and VentureBeat reported that Bling Nation, which allows users to pay for goods in stores via their mobile phones, has landed $8 million in financing, VentureBeat. Investors include Lightspeed Venture Partners, Meck and Camp Ventures