Meebo IM Service raises $25 Million

May 1 2008, 12:41am CDT | by , in News | Technology News

Meebo IM Service raises $25 Million
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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, 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.


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