Feedster Receives Venture Capital Financing

    June 2, 2005

When attempting to grow a start-up into a full-fledged corporate entity, pursuing venture capital financing is obviously quite imperative. Successful financing ventures consist of selling your company’s vision.

Apparently, Feedster, the blog/RSS search engine, sold their vision quite well, so well in fact that today, Feedster announced they have secured the first round, or Series A, of venture capital.

Feedster Receives Venture Capital Financing

Leading the investment are the Selby Venture Partners, an early-stage venture firm in Silicon Valley. Other investors include the Omidyar Network, members of the New York Angels, as well as additional prominent angel investors. Financial terms were not disclosed.

According to Feedster, they plan to use the revenue to improve its development and marketing strategies, while improving and expanding their server infrastructure. Scott Rafer, Feedster president and CEO, had these comments about Feedster’s successful financing venture:

“As Feedster continues to grow from early adopters of our blog and RSS search technology to the broader market, we need to expand our team and infrastructure to meet market demands. This new round of funding allows us to quickly deploy enhanced features for ad delivery, search, and content syndication.”

Hat-tip to Andy Beal

Chris Richardson is a search engine writer and editor for WebProNews. Visit WebProNews for the latest search news.