Blog search and advertising network Feedster, Inc., has announced it has closed its Series A round of venture financing. Feedster will use the money to accelerate development and marketing and greatly expand its server infrastructure in order to serve searchers and customers better.
The investment was led by Selby Venture Partners, a leading early-stage venture firm in Silicon Valley, with additional funds from existing investors Omidyar Network, members of the New York Angels, and prominent angel investors. Feedster’โฌโขs angel investors include Kevin Hartz, co-founder of Xoom, Joe Kraus, co-founder of Excite and Jotspot, Josh Kopelman, founder of Half.com, Scott Kurnit, founder of About.com, Mark Pincus, founder of Tribe.net and Support.com, and Narendra Rocherolle, founder of Webshots.
“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,’โฌ? says Scott Rafer, Feedster president and CEO. “This new round of funding allows us to quickly deploy enhanced features for ad delivery, search, and content syndication.’โฌ?
‘โฌลThe rapid emergence of blogs and RSS as a new publishing media shows great potential value for publishers, marketers, financial businesses, and news,’โฌ? says Marco DeMiroz, a Managing Director of Selby Venture Partners. ‘โฌลFeedster is already a market leader in blog search and content syndication. With this round they will further distance themselves from the field to solidify their leadership.’โฌ?
(via media release)
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