Time for our first deals roundup of 2012. As usual, we’re gathering some of this week’s most interesting investment and M&A updates from around the San Francisco Bay Area, and arranging them in order of descending value.
$75 million—The size of a planned IPO by San Mateo, CA-based health benefit management firm Extend Health.
$53.4 million—A new round of financing for Emeryville, CA-based Lithium Technologies, a maker of software for managing online customer support communities. New investor New Enterprise Associates led the round, which included a second new investor, SAP Ventures, as well as existing backers Benchmark Capital, DAG Ventures, Emergence Capital, Greenspring Associates, Shasta Ventures, and Tenaya Capital. Xconomy profiled Lithium in September.
$30 million—The reported size of a funding round announced January 3 by San Francisco-based Klout, a provider of tools to help social media users measure their influence. Kleiner Perkins Caufield & Byers led the round, which was joined by Institutional Venture Partners, Venrock, Greycrof, and ff Venture Capital.
$27 million—The value of the stock-and-cash deal in which Prague-based KIT Digital (NASDAQ: [[ticker:KITD]]) has acquired the assets of Belmont, CA-based Sezmi, maker of a set-top box that delivers Internet video to televisions.
$17.6 million—A Series E funding round for Los Gatos, CA-based Suvolta, which makes technology to reduce the power consumption of integrated circuits. The round included new investor Bright Capital and previous backers Kleiner Perkins Caufield & Byers, August Capital, New Enterprise Associates, Northgate Capital, and DAG Ventures.
$10.8 million—New funding for San Francisco-based Rocket Lawyer, as disclosed in January 4 regulatory filing. The startup, which raised $18.5 million last August, offers free online legal resources and documents.
$6 million—Series A funding for Piazza, the Palo Alto, CA-based “social learning network” for students and teachers. Bessemer Venture Partners led the round, with seed investors Kapor Capital and Felicis Ventures also participating.
$1 million—Seed funding for Spool, a San Francisco startup with software that lets Web surfers save videos and Web pages for offline consumption on their mobile devices. The startup announced the funding in a blog post; backers include Ron Conway’s SV Angel, Felicis Ventures, Charles River Ventures, Start Fund, and a long list of individual investors.
