Deal Watch: MyStrands raises $25 million

| Print |  Email
Wednesday, August 01, 2007

MyStrands.jpgMyStrands, my tastes, their ads

Oregon’s snazziest young high-tech company is Corvallis-based MyStrands and the 50-employee operation has a cool $25 million to prove it. Never heard of them? You’re probably not in their target market — at least not yet.

There’s a theory out there in the technosphere that personalization is the new search, the new killer Web ap. That means MyStrands has a shot at becoming the next Google. Long shot? Maybe.

But MyStrands’ sizzle is a complicated algorithm that detects patterns in the things you like (right now their technology is applied mostly to music) and makes recommendations of other things you might like. It taps the wisdom of the masses by also analyzing the listening patterns of the friends in your social network. And it’s mobile. A new service, PartyStrands, allows you to send a text message to a club’s DJ requesting a favorite song.

And the sizzle will find other applications. “We think the technology can help companies provide personalized advertising,” says MyStrands spokesman Gabriel Aldamiz-echevarria. That is, ads that know your preferences, your friends’ preferences and where you are located.

The $25 million MyStrands investment came from a trio of investors in Spain, where a third of the employees reside. Company founder Fransciso Martin, an artificial intelligence entrepreneur from Barcelona, came to Oregon State University for a post-doc and developed the MyStrands idea in Corvallis, where company headquarters will remain.

Aldamiz-echevarria says the MyStrands deal did not capture the attention of any Oregon investors. We hope there are no regrets.

—  Christina Williams

MERGERS AND ACQUISITIONS
ANNOUNCED EXP. CLOSE BUYER (HQ) SELLER (HQ)/PARENT PRICE (TERMS)
7-Jun Q2 ‘07 Murphy Co. (Eugene) veneer operation (WA) / Weyerhaeuser Co. ND
11-Jun Q2 ‘07 Mentor Graphics Corporation (Wilsonville) Sierra Design Automation (CA) $90m (cash+ stock)
13-Jun Q3 ‘07 Kellwood Company (MO) Hanna Andersson (Portland) / Castanea Partners; Dorset Capital; mgmt team $175m
13-Jun Q2 ‘07 PremierWest Bancorp (Medford) Consumer Finance Division business (Eugene) / Pacific Continental Bank ND
15-Jun Q2 ‘07 Oversee.net (CA) SnapNames (Portland) ND
15-Jun ND WebTrends (Portland) Webcontrol (Sweden) ND
15-Jun Q2 ‘07 BASIS International Ltd. (NM) AddOnSoftware (Beaverton) / MicroAccounting Sytsems ND
18-Jun Q3 ‘07 Restaurants Unlimited Inc. (WA) Pacific Coast Restaurants (Portland) ND
18-Jun Q3 ‘07 Precision Castparts Corp. (Portland) Caledonian Alloys Group Ltd. (Scotland) ND
19-Jun Q2 ‘07 Cardno Limited (Australia) WRG Design (Portland) ND (stock+cash)
20-Jun Q2 ‘07 Wacom Co. Ltd. (Vancouver, WA) Touchscreen Konnection Oasis (TX) ND
20-Jun Q2 ‘07 Toby’s Family Foods (Springfield) Genesis Juice (Eugene) ND
21-Jun Q2 ‘07 TRM Multitech Services (Canada) photocopier business (Canada) / TRM (Portland) $398,645
25-Jun Q2 ‘07 infoUSA (NE) expresscopy.com (Portland) ND
25-Jun Q2 ‘07 LTC Global Solutions (Medford) Gelbwaks Insurance Services (FL) ND
26-Jun Q2 ‘07 Delphon Industries (CA) UltraTape Industries (Salem) ND
27-Jun Q2 ‘07 Aequitas Catalyst Fund (Portland)/Aequitas Capital Management Paramount Graphics (Beaverton) $10.8m

CAPITAL RAISING
ANNOUNCED COMPANY (HQ) / LEADERSHIP INVESTOR PRICE (TERMS)
5-Jun Axial Vector Engine (Portland) / Raymond Brouzes, CEO private lender $250,000 (secured credit line)
6-Jun Daverci Solutions Inc. (Hillsboro) / Marc Cameron, CEO ND $3m (series A3)
12-Jun MathStar, Inc. (Hillsboro) / Doug Pihl, CEO public offering $32.4m (equity)
14-Jun Corrigo, Inc., (Wilsonville) / Rick Michaux, CEO Sierra Ventures $10m (series 5)
14-Jun Oregon State University (Corvallis) / Edward Ray, President Hallie Ford, co-founder, Ford Fnd. $8m (donation)
18-Jun MyStrands (Corvallis) / Francisco Martin, CEO Antonio Asensio, CEO, Grupo Zeta $25m (series B)
25-Jun Or. Investment Fund (Portland) / Michael Arpey, mang. director Or. Public Employees Retirement Fund $50m
25-Jun Tektronix, Inc. (Beaverton) / Rick Wills, CEO private institutional investors $354m (sr. convertible notes)
26-Jun Virtugo Software (Beaverton) Foundation Cap.; OVP Venture Partners $4m
27-Jun YMCA of Columbia-Willamette (Portland) / Bob Hall, CEO Watumull Properties.; Winkler Dev. $9m (sale-leaseback)

REAL ESTATE TRANSACTIONS
ANNOUNCED BUYER (HQ) REAL ESTATE (LOCATION) SELLER PRICE
1-Jun Phillips Edison & Company (MD) Sandy Marketplace (Sandy) - ND
4-Jun Oregon Liquor Control Commission Wilhelm Warehouse (Milwaukie) - $6.2m
4-Jun Cascade Industrial LLC (MN) industrial land (14.23 acres) (Gresham) Sandy Boulevard Dev. $2.9m
4-Jun Vander Houwen Properties LLC industrial space (Portland) Beall Macadam LLC $2.07m
5-Jun Solena Cellars; John Niemeyer Hyland Vineyard (100 acres) (McMinnville) - ND
13-Jun Felton Properties (Portland) office building (Beaverton) McGill Commercial LLC $10.3m
18-Jun Arden Realty (CA) 6 buildings (Portland) Blackstone Group LP ND
18-Jun Bean Investment Real Estate (Portland) Sunrise Meadows apartments (NV) - $103m
18-Jun Cherry Creek Prop. LLC (Lake Oswego) gas station (Albany) Camden Holdings LLC (CA) $1.48m
20-Jun Corbett Summit LLC 2 office properties (Portland) Michael and Mary Murphy (CA) $2.47m

List researched by Mark Druskoff

ND=Not disclosed

Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Money Troubles

September 2015
Thursday, August 20, 2015
BY DAN COOK

The state’s angel investing fund gets hammered in Salem.


Read more...

Department of Self-Promotion

Linda Baker
Tuesday, August 04, 2015

061715-awards1Oregon Business wins journalism awards.


Read more...

Getting What You Pay For

September 2015
Wednesday, August 19, 2015
BY KIM MOORE

A conversation with Chris Maples, president of the Oregon Institute of Technology.


Read more...

Preserving the Legacy

July/August 2015
Monday, July 13, 2015
BY KIM MOORE | PHOTOS BY JASON E. KAPLAN

A New York floral and gift business takes on the iconic Harry & David brand.


Read more...

Portland’s long-distance bike commuters

The Latest
Monday, August 03, 2015
Matt KellyresizethumbBY KIM MOORE | RESEARCH EDITOR

Pushing the extreme.


Read more...

Up on the Roof

September 2015
Wednesday, August 19, 2015
BY LINDA BAKER

In 2010 Vanessa Keitges and several investors purchased Portland-based Columbia Green Technologies, a green-roof company. The 13-person firm has a 200% annual growth rate, exports 30% of its product to Canada and received its first infusion of venture capital in 2014 from Yaletown Venture Partners. CEO Keitges, 40, a Southern Oregon native who serves on President Obama’s Export Council, talks about market innovation, scaling small business and why Oregon is falling behind in green-roof construction. 


Read more...

Baby. Boom!

September 2015
Wednesday, August 26, 2015
BY LINDA BAKER

A new co-working model disrupts office sharing, child care and work-life balance as we know it.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS