Aug 24, 2004

Technorati, Socialtext get funding...

Om Malik at Gigaom reports that the "google of RSS feeds" Technorati has a lot of admirers not just about the blogging community but also amongst the VC community. Here's what Om says:

Venture capitalists who are falling in love with "real simple syndication."
I have learned exclusively that Technorati has/or is about to close its
first round of funding. My sources indicate that it was a mega-round, about $6.5
million at a valuation of around $12 million for the company. Draper Fisher
Jurvetson led the round. When I asked David Sifry, he declined to either confirm
or deny the news. "I'm sorry, it is our policy not to comment on questions on
funding," he wrote in an email. Next step, a quick email to Steve Jurvetson who
confirmed that his fund led the round. "We did lead the first round and I think
we are the largest investor," he wrote. Both parties declined to comment on
valuation and total funding received.
This is the second RSS related company to get big VC dollars. In June Newsgator attracted undisclosed amount of funding i from Mobius Venture Capital. "We have been aggressively exploring the universe enabled by the rapid adoption of RSS-based technologies since the beginning of the year," said Bradley
Feld, Managing Director at Mobius Venture Capital
. I am guessing here but
Feedster, and Bloglines could be next in line for funding. Technorati, could use
the money, given that it is having some technical issues, normally related to
hyper-growth. Congrats to Sifry! Pssh! SocialText got some new moolah as well!
Previously, For VCs, Blogging is the Next New Thing Also on PaidContent, Feedburner gets cash and Pheedo gets fed.

While David Weinberger reports:

Socialtext, the wiki and social software company, has closed Round A financing with some investors noted for funding companies that make the world better. Cool! And I say this as a fully biased member of their advisory board.