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August 14, 2006
Index Venutres And Accel In Big Bet On Netvibes
Over at Kelblog, Pierre Chappaz says that Index Ventures and Accel have invested €12M in Netvibes, the popular "personal portal", aka feedreader and web gadget/service aggregator. (Index backed its seed round too.)
Update: The official press release came out today, August 16, and it was a Series B financing. The earlier round led by Index, which we mentioned, is counting as a Series A round and not a seed round. In addition, Accel led the round.
The Netvibes co-CEO said the capital is to be used for hiring new developers ("Ajax and web standard gurus wanted") and to hire "top guns" to establish partnerhsips. It says it has 5 millions users as of today.
There have been no official comments about the valuation but the size of its first round - which is about four times a typical first round for a company at its stage of development -- can give us all a bit of clue.
Read - kelblog : Netvibes lève 12 millions d'euros (kelblog)
Read - Netvibe Boucle Un Tour (techcrunch France)
Posted on August 14, 2006 11:00 AM | Posted to News And Updates | Web 2.0 | Permalink
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» Netvibes fait le choix de l'indépendance en levant 12 Millions d'euros. from Jacques FROISSANT Altaïde
Superbe levée de fonds pour Netvibes : 12 Millions d'euros, soit la plus belle levée européenne de l'année pour le moment.Pour ceux qui ne connaissent pas, Netvibes est une page d'accueil en ajax personnalisable à volonté qui vous permet de conce... [Read More]
Tracked on August 16, 2006 11:58 AM
