Sponsored by Forest Grove Economic Development
Home Back Issues February 2008 Deal Watch: another cash infusion for MyStrands

Deal Watch: another cash infusion for MyStrands

| Print |  Email
Archives - February 2008
Friday, February 01, 2008

{safe_alt_text}

CORVALLIS-BASED MyStrands, a developer of social recommendation technology, scooped up another $24 million in early December, bringing its VC war chest to $55 million to date. Spanish bank BBVA led the series B2 funding along with existing investor Debaeque.

The company says it “develops technologies to better understand people’s taste and help them discover new things they like and didn’t know about already.”

Or, put another way by Gabriel Aldamiz-echevarria, MyStrands VP of communications:

“You need to understand what people like and give them tools to control their data. The future is that everything is going to be personalized. It’s the new age of the Internet.”

MyStrands has developed a social recommender engine, which provides real-time personalized recommendations of products and services through computers, mobile phones, and other Internet-connected devices. It takes into account that taste is context sensitive and evolves over time. It also has developed a scalable Personalized Discovery Platform. The company says these two developments have created sales of $12 million during 2007.

“Now we are going to see a shift. Personalization will come with us wherever we go, online and offline,” predicts Aldamiz-echevarria. “The search industry has been here for 30 years, but only Google made us realize that search was relevant. We think the search industry will shift a bit toward helping you not only find things but to guiding you to things you like. People will realize more and more that they can be personal. We are entering the age of the guide.”

Since it was founded in 2003, the company has grown to 97 employees (35 in Corvallis). It also has offices in New York and Barcelona, Spain.

The tech press has reported that the new capital would be used to move beyond the current recommendation service, which is centered on music recommendations, and expand into video, online shopping and other media. So what are the next big ideas?

Aldamiz-echevarria isn’t giving it up.

“We’ve got huge plans,” he says, “but I’m not going to give you specifics.”

ROBIN DOUSSARD

MERGERS AND ACQUISITIONS

ANNOUNCED EXP. CLOSE BUYER / PARENT (HQ) SELLER (HQ) / PARENT PRICE (TERMS)
Dec. 5 ND CEI Acquisition (Portland) Christenson Electric (Portland)/Microfield Group (Portland) $9.65m (cash + debt assumption)
Dec. 5 4Q ‘07 Catcher Holdings (VA) Vivato Networks (Portland) $1.35m (stock for stock)
Dec. 7 4Q ‘07 Gheen Irrigation Works (Eugene) OR & TX manufacturing assets/Lake (Eugene) ND
Dec. 7 1Q ‘08 O’Brien Auto Group (WA) DeLon Auto Center (Salem) ND
Dec. 10 ND Drake Gold Resources (Portland) Wolverine & LC2 - AG prospects (BC) ND
Dec. 13 4Q ‘07 Northwest Pipe (Portland) S Square Tube Products (CO) ND (assets)
Dec. 26 1Q ‘08 I-Flow (CA) AcryMed (Tigard) $25m
Dec. 27 4Q ‘07 Cooper Industries (TX) Sure Power Industries (Tualatin) ND (cash)

REAL ESTATE TRANSACTIONS

ANNOUNCED BUYER / PARENT (HQ) REAL ESTATE (LOCATION) / SELLER (HQ) PRICE
Dec. 5 Jennipher L. Grudzien; Charles M. McGrath office building (Bend)/ Daniel and Tambry Broise Joint Trust $1.4m
Dec. 7 Washington Real Estate Holdings (WA) office building (Portland)/ Port of Portland $29.2m
Dec. 7 Balaclava Holdings/ Belkorp (BC) apartment complexes (Portland)/ Essex Property Trust (CA) $97.5m
Dec. 12 Port of Vancouver (WA) land (WA)/ Alcoa Aluminum and Evergreen Aluminum $49m
Dec. 12 Gee-Aspora II (CA) office properties (Portland)/ Terrell Group Management (Portland) $13.3m
Dec. 12 Loren Ness (WA) Tioga Hotel & Koski Building (Coos Bay)/ Estate of Merlin Wisby $2.63m
Dec. 13 Triple Net Properties (CA) 5 office buildings (Beaverton)/ NNN 2003 Value Fund $5.4b
Dec. 17 undisclosed buyer 141 homes (Portland)/ Buena Vista Custom Homes $65m
Dec. 19 Kailash Ecovillage Cabana Apartments (Portland)/ Jack Barry Zwahlen Family Trust $1.7m
Dec. 20 Port of Portland (Portland) 700-acre industrial site (Portland)/ Reynolds Metals $17.25m
Dec. 21 Ashforth Pacific (Portland) Pacwest Center (Portland)/ Mitsubishi Estate (Japan) $161.5m
Dec. 27 private investment group warehouse (CO)/Nautilus (WA) $6.3m
Dec. 29 Saltzman Properties apartment complex (Bend)/ PTLA Corp $14.25m

CAPITAL RAISING

ANNOUNCED COMPANY (HQ) / LEADERSHIP INVESTOR (HQ) PRICE (TERMS)
Dec. 4 MyStrands (Corvallis) / Francisco J. Martin, CEO BBVA; Debaeque (Spain) $24m (series B-2)
Dec. 12 Provenance Hotels (Portland) / Gordon Sondland, President undisclosed bank $24m (mortgage financing)
Dec. 14 Elemental Technologies (Portland) / Sam Blackma, CEO Oregon Angel Fund; Bend Venture Conference; Seattle Alliance of Angels (OR & WA) $1.05m (seed round)
Dec. 19 AVI BioPharma (Portland) / K. Michael Forrest, CEO institutional investors $20.3m (common stock + warrants)

List researched by Mark Druskoff

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

 

More Articles

Oregon Business wins awards

News
Monday, June 30, 2014

ASBPEOregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.


Read more...

South Waterfront's revenge

News
Thursday, July 24, 2014
MoodyAveBY LINDA BAKER | OB EDITOR

Remember the naysayers?  Those who called the South Waterfront aerial tram a boondoggle?  Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?


Read more...

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

Oversight? Or gaming the system?

News
Monday, July 14, 2014
AmazonBY VIVIAN MCINERNY | OB BLOGGER

Some people think Amazon’s winking eye logo is starting to look like a hoodwink.


Read more...

The Scott Kveton affair

News
Wednesday, July 09, 2014
ScottKvetonBY LINDA BAKER | OB EDITOR

Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.


Read more...

OB Video: Dress for Success

News
Wednesday, July 02, 2014
DFSOBY JESSICA RIDGWAY | OB WEB EDITOR

Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.


Read more...

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


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