May 1 2008, 12:41am CDT | by Luigi Lugmayr
Meebo today announced a $25 million investment from a group of investors led by JAFCO Ventures, with participation from Time Warner Investments, KTB Ventures, and existing investors Sequoia Capital and Draper Fisher Jurvetson (DFJ). Founded in September 2005, Meebo helps people connect live over the Web.
More than 30 million people use Meebo to message in real-time with friends using meebo.com, and through Meebo Rooms on thousands of sites throughout the Web, including over 50 leading content and community sites.
Launched in May 2007 as a social, syndicated version of Meebo, Meebo Rooms let people interested in the same topic connect live directly on sites with embedded Meebo Rooms. Meebo Rooms are used by major entertainment brands from all the major record labels and several properties from the CBS, Showtime, and MTV Networks. Partners include music and television brands such as Ashley Tisdale, Big Brother After Dark, Chris Brown, Dashboard Confessional, Dexter, Gorillaz, Jay-Z, Kanye West, Madonna, Radiohead, R.E.M., Snoop Dogg, and Tori Amos.
With 30 million users revenue generation of some sort should be possible. So the $25 million investment could pay off here for the VCs.
Via the Meebo site.
Source: The Edge Singapore
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at firstname.lastname@example.org.
blog comments powered by Disqus
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.
Read more about The Geek Mind.