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December 21, 2006
CoComment Raises $1.5M From Netage Capital
CoComment, the blog comment tracking service that emerged from a Swisscom project, has raised $1.5M from Netage Capital Partners, a Japanese venture fund owned by investment company Netage Group. It acquired a 40 percent stake in the Swiss venture.
Netage has holdings in several RSS projects for the Japanese market, according to its website. It is currently launching CoComment in Japan, said Swisscom in a statement. The Swiss telco also said there had been interest from investors and companies in Europe and the US, but that the Japanese investor brought the "broadest" experience and most "success" in the Internet market to the venture.
We think the "success" referred to would have been the IPO of Mixi, a Netage portfolio firm, whose floatation valued it at $1.6B in September. It was the first social networking IPO, we believe. OpenBC's in Germany was the second, and its IPO market cap came out at less than €160M.
Read -Investor beteiligt sich an Start-up-Firma coComment von Swisscom (press rel)
Posted on December 21, 2006 03:56 PM | Posted to News And Updates | Permalink
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