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Venture Capital
by tj on January 5, 2006
"Micropayment company BitPass announced Thursday that it has acquired Yaga, a developer of payment services for digital content.Judging on the investment they both got Yaga should have been the bigger shark:
Menlo Park, Calif-based BitPass, which helps online merchants perform small-ticket transactions, declined to provide financial terms of the deal.
Micropayments are typified by the 99 cents that iTunes charges to download a song or the $2.99 users might see on their cingular Wireless phone bills after buying a custom ring tone."
"Yaga had raised around $22 million in VC funding during 2000 and 2001, from firms like AltoTech Ventures, MVC Capital, InfoSpace.com and Barry Financial. BitPass has raised around $13.25 million in VC funding from firms like Worldview Technology Partners, Steamboat Ventures, RRE Ventures, First Data Corp., Garage Technology Ventures, Cardinal Venture Capital and Amicus Capital."
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/13348
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