Social Gadget Sites gdgt and Quirky raise Venture Capital

Apr 7 2010, 9:48am CDT | by , in News | Technology News

Social Gadget Sites gdgt and Quirky raise Venture Capital
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Two social sites related to gadgets have raised new venture capital. The WSJ reports that gdgt founded by Gizmodo and Engadget veterans Peter Rojas and Ryan Block have raised another round of $3.165 million. Together with the seed round of $550,000 gdgt has raised now $3.715m.

gdgt relies on its users to review and rate gadgets and create content. According to Ryan Block gdgt has hundreds of thousands of registered users and nearly 17,000 products. Apparently there is a new concept along with the new money. It will be exciting to see what these guys make with $3m.

Quirky is another consumer products social site that announced today a $6 million venture capital investment round.
Quirky is enabling its users actually create gadgets in a collaborative way. These community designed products are then offered for sale. Quirky started 9 month ago and since then the user base of 20,000 has developed 12 products, which are on sale today. Currently the Quirky products are small accessories, but I assume the new cash will lead to more substantial products.

Quirky's Series A funding round was led by RRE Ventures, and included participation from Village Ventures, Contour Venture Partners, Lowercase Capital and a small group of angel investors. Prior to the closing of this round, Quirky had raised $1.6 million in seed capital from friends and family. 

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